The Impact of IT Security on Small Business [Infographic]

Not concerned about cybersecurity because you’re “just” a small-to-mid-sized business? You’re not alone.

In a world with multinational corporations making hundreds of millions – if not billions – every year, you may feel safe and secure in your comfortable little bubble. After all, why would a hacker or cybercriminal go after you when they could target Facebook, Woolworths, SingTel or Jusco?

The answer is in the question itself. Cybercriminals go after SMBs because they don’t expect to be targeted and lack the security systems of those larger entities. They’re a much easier victim.

If you were looking to rob a home, would you zero in on the place with bars on the windows, motion detectors, and a guard dog? Or would you go after the house next door with the pile of newspapers on the front step and no obvious protection?

The same logic applies to companies and online security. Enterprise-level businesses can afford a dedicated IT and cybersecurity department, and they spend millions keeping their data and assets safe online.

SMBs? Not so much. In fact, 43% of cyberattacks focus on small businesses, while only 14% of owners rate their ability to control or prevent cyber threats as “highly effective”.

That’s a recipe for disaster. But if you’re thinking you can’t afford to get better protected, the unfortunate reality is that you can’t afford not to get your cybersecurity in order and up to speed:

  • The average cost of a data breach in Australia is $2.13 million USD.
  • Even a tiny incident can end up costing you $100,000+ in lost revenue, fines, and recovery of lost or stolen assets
  • 60% of SMBs go out of business in six months or less following a cyber attack

Consider it the cost of doing business in our digital, ultra-connected world. You benefit from greater convenience and reach, but you’re at risk of greater danger as a result.

Want to see the real impact of IT security on small businesses? You don’t need to be scared, but you most definitely need to be aware.

We’ve put together an infographic with the latest stats. It paints an admittedly bleak picture, but there is something you can do – right now – to drastically reduce your exposure and risk.

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Microsoft 365 Business

Think better security and peace of mind is outside your budget? Think again. Microsoft 365 Business with Better Online can give you all that and more for only $25 /user/month.

You’ll get the latest versions of Word, Excel, PowerPoint, and more on multiple devices. You’ll get cloud storage and collaboration with OneDrive. You’ll get mobility, productivity, and value-added services like Microsoft Bookings. You’ll get business-branded email, employee chat platforms, and Skype for Business.

But we’re not going to talk about any of those today.

Instead, we want to give you a quick introduction to the security boost you get from the service… all with the power and reliability of Microsoft behind it.

Security at the Source

Microsoft doesn’t mess around when it comes to your security. There are no fewer than five layers of it:

  1. Physical: Each Microsoft data centre is monitored 24/7/365, and access is strictly controlled with multi-factor authorisation including biometrics.
  2. Logical: Microsoft servers are only permitted to run processes from a regulated whitelist to eliminate the risk from malicious code, while a dedicated threat management team works to anticipate, prevent, and mitigate malicious access.
  3. Data: Your data is encrypted while “at rest” on Microsoft servers and with SSL/TLS while in transit between them and your devices.
  4. User: Encrypted email and Azure Rights Management makes access without proper login credentials virtually impossible
  5. Admin: You’ll benefit from built in antivirus and antispam protection, as well as advanced threat protection against external threats.

These are just a few of the protocols, tools, and services used at each level.

Cloud computing and storage is not just more convenient for modern business, it’s actually more secure – if your provider is as trusted and reliable as Microsoft – as well. In fact, 94% of businesses reported an overall improvement in security after switching to cloud solutions.

The Foundation

Your Microsoft 365 Business solution includes an upgrade on all registered computers to Windows 10, the most powerful and secure Windows yet. It includes the always-on Windows Defender security controls, and enterprise-grade device management and security capabilities. The playing field has been levelled. You have what the big boys have… for a fraction of the price.

Likewise, Office 365 is automatically up-to-date with not just new features, but also the latest security fixes and patches, across all devices. With no weak link in your chain, there’s no vulnerable access point. You always have the latest and strongest protection without lifting a finger.

As far as foundations go, yours is rock-solid.

The Admin Dashboard

Laptops. Smartphones. Tablets. There are plenty of devices and moving parts these days. But with great mobility comes a greater chance of losing something (or having something stolen).

But fear not. The Microsoft 365 Business admin dashboard has you covered.

 

As admin, you can require users to login in with two-factor authorisation including biometrics like fingerprints.

You can force users to save all work to OneDrive, and prevent valuable data from being saved or moved to an SD card or secondary drive.

You can lock a device after X minutes, or wipe data after X days of inactivity.

You can lock or wipe remotely, making lost or stolen devices a minor inconvenience.

And your admin “Security & Compliance” tab allows you to set multi-factor authorisation for users, mobile device management and rules, and data loss prevention protocols.

Just because you’re in the cloud doesn’t mean you have to sacrifice the safety of your data or assets. If anything, it gives you greater control and better security.

As a small-to-midsized business, you need to give at least as much attention to your online security as your enterprise-level competition. They may have millions at their disposal, but you have Microsoft 365 Business.

Office 365, plus Windows 10, plus enterprise-grade mobility and security put you on not only equal footing, but arguably stronger, thanks to the affordability and scalability of the service.

Contact Better Online today, and we’ll have you in the cloud and secure by tomorrow.