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Iverson, A. & Terry, P. Plan Audits. Cybersecurity Hot Topics For Closely-Held Businesses. Journal of Pension Benefits. Aspen Publishers Inc

Small businesses are vulnerable to cyber attacks regardless of size. While some believe only large companies are targets, in reality no company is immune. The article discusses common misconceptions about cyber security and provides recommendations for small businesses to mitigate risks. Key recommendations include training employees on security best practices, using strong unique passwords and data encryption, antivirus software, cyber insurance, and physical backups in multiple locations. The overall message is that educating oneself on vulnerabilities and implementing a security plan can help small businesses improve protection and performance.

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44 views2 pages

Iverson, A. & Terry, P. Plan Audits. Cybersecurity Hot Topics For Closely-Held Businesses. Journal of Pension Benefits. Aspen Publishers Inc

Small businesses are vulnerable to cyber attacks regardless of size. While some believe only large companies are targets, in reality no company is immune. The article discusses common misconceptions about cyber security and provides recommendations for small businesses to mitigate risks. Key recommendations include training employees on security best practices, using strong unique passwords and data encryption, antivirus software, cyber insurance, and physical backups in multiple locations. The overall message is that educating oneself on vulnerabilities and implementing a security plan can help small businesses improve protection and performance.

Uploaded by

Tony Gregory
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Iverson, A. & Terry, P. Plan Audits. Cybersecurity Hot Topics for Closely-held Businesses.

Journal of
Pension Benefits. Aspen Publishers Inc.

In this article they recognize small business not having an IT department or specialist and using persons
from outside the organization to attend to the technology needs of the organization. They go on
elucidating beliefs of small firms regarding protection of their information.

Only big (or small) companies are vulnerable to hacking

Data breaches are not solely a concern for businesses of a single scale. In reality, no sectors or company
is immune from assault. Besides that, not each hack is carried out in that manner or threatens the firms
that are similar. They can emerge as malicious software, smart phone breaches, directed spam email, or
compromised codes, only to mention a couple. Within digital electronic - based environment in which
we work, no business of any scale is without danger.

Cyber Attacks Always occur to organizations using online databases (or offline)

There really is no such thing as a specific fix for all companies. An online database gives the necessary
choice for some organizations. For some, the offline storage approach is better suited to their
functioning. In conjunction, since online cannot be the optimal option for any particular necessities of
the organization, several businesses use the internet for certain programs and run specific machines in
its facilities for other embedded apps. Cloud computing often is vital in leveraging machine expenses
towards a more flexible and cheaper approach, and while this strategy is not necessarily somewhat
reliable, the implementation of good implementations of safety regardless of the storage of information.

Protection Techniques

A data breach could affect any IT-related asset. Numerous entrepreneurs are aware that their firms are
vulnerable to hacking, but they are uncertain how to help safeguard themselves. Upon debunking a few
common misconceptions about IT information protection, the article offers several risk-mitigation plans.

Those with access can be the biggest threats.

People are frequently the cause of cyberattacks. Among the excellent ways to keep your firm protected
is through training. It is a collaborative effort. In order to ensure your staff members, customers, and
company safe, everybody in your company has to be part and educated.

Strong passwords and data encryption

Staff are expected to build powerful, lengthy and distinctive pass codes that are modified at least once a
year. They should be different from the personal accounts.

Use of antivirus

This is to protect against suspicious activities either online or offline. It is also important to ensure
regular updates of the programs since they are better.

Apply insurance to cover losses in case of cyber attacks


This plan will pay anything from missed sales due to a financial losses to the costs of informing
consumers about a cybersecurity violation. You can contact the insurer to evaluate the new regulations
to show that you are covered.

Having physical backups

There are three ways a company can keep this; in the manufacturing site, a remote place and a snapshot
archive.

Conclusion

We understand that there is a plethora of security considerations to remember. However, getting a


thorough knowledge of the vulnerabilities and a compliance strategy in place will assist small companies
in achieving improved information protection and long-term market performance. Therefore, the
authors are focused on bringing into light the threats in IT.

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