Preparing for a Cyberattack – Is Your Business Ready? 2022

By: First Union

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Preparing for a Cyberattack – Is Your Business Ready? 2022

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Small businesses in particular often find themselves targeted in cyberattacks. Why? For one, many small businesses do not have the type of security measures in place that larger firms do. Not to mention, many hackers identify small businesses as a way ultimately to make their way into bigger companies. Whatever the reasons, small businesses are vulnerable to cyberattacks plain and simple. Which is why it's critical to take the time to assess where your small business stands. Is it ready for the next cyberattack? Can it withstand the challenge posed by such a situation?

According to many experts, the key is to be aware. Beyond just knowing where you are in terms of preparedness, familiarize yourself with the threats, know what to look for, and know-how to spot red flags that could help you thwart such an attack. Additionally, it's so important for small companies to find the gaps and weaknesses in their system and then address those—with professional help.

Some of the things that your business should be doing and/or checking for:

  • Outdated or redundant security measures: Are your anti-virus solutions current? Also, look to see if you have multiple anti-virus programs protecting the same info.

  • Don't overlook employee devices in your security plan.

  • Make your cybersecurity an actual budget item and thus more of a priority.

Many have found that one of their company's biggest weaknesses has been employees who are uninformed or unaware of what could be at stake, and subsequently, the measures that should be followed should a breach of some sort occur. Therefore, educating employees and ensuring that all stakeholders are on the same page is pivotal when it comes to preventing cyberattacks. You might hold staff meetings to this effect, offer classes, additional training; simply just opening up a dialogue about the threats that do exist could do quite a bit to reinforce cyberattack preparedness.

Another thing you may want to do is to speak with your insurance provider regarding any protection/coverages that exist in the event of a cyberattack. After all, you want the peace of mind that comes with knowing that the future of your business is safe.

First Union Lending has the business funding to help your business with creating a cyberattack plan whether it is holding cyberattack meetings or training your employees. Call today to find out what business loan is suitable for your business!

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