With the increase in digital threats and cyber attacks over the past two years, experts are recommending for organizations to take another look at their security protocols. However, some people are falling prey to common misconceptions about digital threats and cybersecurity and leaving their organization vulnerable as a result. Here are 5 of the most common misconceptions about digital threats and cybersecurity.
Myth #1 : THREAT ACTORS ONLY TARGET BIG BUSINESSES
Many small-to-medium business owners don’t view ransomware and other digital threats as real dangers for their organization. Because SMBs have fewer employees, store locations, and revenue than large conglomerates like Google or Target, decision makers often assume that threat actors like hackers will view them as too small a fish. The truth is that 76% of all cyberattacks are against businesses with less than 100 employees.
MYTH #2 : CYBERSECURITY IS TOO EXPENSIVE
The coronavirus affected many small business’s ability to pay their bills. Many are cutting down on spending that the organization’s decision makers have deemed frivolous. Cybersecurity spending has been one of those expenses–but it shouldn’t be! Basic security protocols, like multi-factor authentication, password managers, and phishing awareness campaigns are inexpensive ways to protect your business from real threats.
MYTH #3 : you need an in-house expert
Some people believe that an in-house expert is necessary for business security. However, the expense of a full-time, salaried employee can be too much for a small business to afford. Furthermore, one employee rarely has the experience, expertise, or time to fully meet the security needs of an organization. However, one option that isn’t often considered is outsourcing your security concerns to another company. By outsourcing, you can take advantage of a full suite of security experts, for less cost than an in-house team.
myth #4 : anti-virus software is good enough
Anti-virus and anti-malware programs are an important tool in ensuring your devices’ security. Despite their usefulness, they are not a substitute for strong security policies and enforcement. If the hackers use a new kind of malware to infect your network or PC then there’s a high chance that these anti-virus software won’t be able to detect those. These programs are only the first line of defense for your system.
Myth #5 : threats are from the outside
When people consider what cybersecurity threats look like, they often imagine a lone hacker sitting in a dark basement. Most attacks, in fact, are internal, with over 75% of data breaches coming from insiders at an organization. Security protocols need to take into account that not everyone within an organization needs access to sensitive information and tools. Take a look at our article on internal threats if you’re interested in learning more.