<span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto">The severity of having your company’s network breached is one of the top concerns of business owners in 2023. As technology evolves, so do hackers. Their tactics are tricky, misleading, and calculated. Small to medium sized businesses are the largest target, as they typically do not have the defense systems in place like major corporations. Below are five reasons why your small business needs to be on-guard from online hackers. </span>
<h6><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">1. </span><span class="NormalTextRun SCXW171015010 BCX0">Hackers’ Skill and Knowledge</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span></span></h6>
<span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">Think about it, you have a </span><span class="NormalTextRun SCXW171015010 BCX0">job,</span><span class="NormalTextRun SCXW171015010 BCX0"> and it is something you spend </span><span class="NormalTextRun AdvancedProofingIssueV2Themed SCXW171015010 BCX0">the majority of</span><span class="NormalTextRun SCXW171015010 BCX0"> your time doing. If it is a specific skill or craft, you build upon your own experience </span><span class="NormalTextRun AdvancedProofingIssueV2Themed SCXW171015010 BCX0">each and every</span><span class="NormalTextRun SCXW171015010 BCX0"> day — the same goes for online hackers. Every day, hackers</span> <span class="NormalTextRun SCXW171015010 BCX0">are trying to bypass the work of cybersecurity companies and just like anyone else doing the same thing day after day, they get better at it. Hackers know the best ways to penetrate servers through malware, disguise their identity, access a network from an inside device</span><span class="NormalTextRun SCXW171015010 BCX0">,</span><span class="NormalTextRun SCXW171015010 BCX0"> and pay attention to software updates to attempt a zero-day breach.</span></span>
<h6><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">2. </span><span class="NormalTextRun SCXW171015010 BCX0">Neglectful Defense</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span></span></h6>
<span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">If your company isn’t constantly revamping their defense tactics, hackers might find access points as you continue to update your servers but not your cybersecurity. When a company arrogantly neglects their cybersecurity but thinks they are okay because they </span><span class="NormalTextRun SCXW171015010 BCX0">follow</span><span class="NormalTextRun SCXW171015010 BCX0"> compliance guidelines, they may find themselves in a world of trouble.</span></span>
<h6><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">3. </span><span class="NormalTextRun SCXW171015010 BCX0">Financial Loss</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span></span></h6>
<span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">Cyber-attacks</span><span class="NormalTextRun SCXW171015010 BCX0"> may not seem real until you feel the effects personally, but you may want to learn from the statistics of other companies that did not prevent breaches. <a href="http://www.magnitech.com">Cybersecurity companies</a> and companies that have been breached</span><span class="NormalTextRun SCXW171015010 BCX0">, like </span><span class="NormalTextRun SCXW171015010 BCX0">Marriott, Yahoo, JP Morgan, eBay, and more can all tell you how detrimental a breach may be</span><span class="NormalTextRun SCXW171015010 BCX0">.</span> <span class="NormalTextRun SCXW171015010 BCX0">But don’t</span><span class="NormalTextRun SCXW171015010 BCX0"> just look at the big names, you can look at the average cost of a data breach for U.S. companies</span><span class="NormalTextRun SCXW171015010 BCX0"> — </span><span class="NormalTextRun SCXW171015010 BCX0">$</span><span class="NormalTextRun SCXW171015010 BCX0">9.44 </span><span class="NormalTextRun SCXW171015010 BCX0">million. If it still seems unlikely, there were over 668 million breaches made in 2018 a</span><span class="NormalTextRun SCXW171015010 BCX0">lone</span><span class="NormalTextRun SCXW171015010 BCX0">.</span></span>
<h6><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">4. </span><span class="NormalTextRun SCXW171015010 BCX0">Reputation</span></span></h6>
<span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">What do you think happens to a company that has a cybersecurity issue? Do people just turn their heads and continue doing business with them as if nothing happened? That is unlikely. Further, if your company is breached and still manages to stay alive after the setbacks, will people want to do business with a company that could not protect their customer’s personal information? Will people want to work for a company that may have had to lay off a large </span><span class="NormalTextRun SCXW171015010 BCX0">number</span><span class="NormalTextRun SCXW171015010 BCX0"> in order to pay for the damages from the breach? Again, this is unlikely.</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span></span>
<h6><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">5. </span><span class="NormalTextRun SCXW171015010 BCX0">Company Shuts Down</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span></span></h6>
<span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">The </span><span class="NormalTextRun SCXW171015010 BCX0">biggest</span><span class="NormalTextRun SCXW171015010 BCX0"> fear of a company </span><span class="NormalTextRun SCXW171015010 BCX0">experiencing a </span><span class="NormalTextRun SCXW171015010 BCX0">breach is the chance that the damage is too great and there is no overcoming the online hacker. Without a <a href="https://magnitech.com/magnitech/it-security/">reliable cybersecurity company</a>, this can most definitely happen.</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span><br class="SCXW171015010 BCX0" /></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span><br class="SCXW171015010 BCX0" /></span><span class="TextRun SCXW171015010 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW171015010 BCX0">These five fears are something to really consider — admitting to having some healthy fear is okay, it doesn’t mean that you </span><span class="NormalTextRun AdvancedProofingIssueV2Themed SCXW171015010 BCX0">have to</span><span class="NormalTextRun SCXW171015010 BCX0"> lose all thoughts and feelings of hope. You can hire a cybersecurity company to not only metaphorically, but also digitally, create a fortress for you to escape online threats. For more information about what we can do for you, </span><span class="NormalTextRun SCXW171015010 BCX0"><a href="http://www.magnitech.com/contactus">contact us</a> today!</span></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><br class="SCXW171015010 BCX0" /></span><span class="LineBreakBlob BlobObject DragDrop SCXW171015010 BCX0"><span class="SCXW171015010 BCX0"> </span></span>