In today’s digital age, cyber threats are a real and growing concern for businesses of all sizes. From hackers trying to steal sensitive data to human error, it’s essential to have safeguards in place. Fortunately, many highly effective measures cost little to nothing — just time, attention and planning.

One of the most cost-effective ways to prevent a cyberattack is through education and awareness. Our Business Resource Center offers free and discounted resources and tools to keep you informed of cybersecurity. Most breaches start with a simple phishing email, tricking someone into clicking a link or sharing information. Regular training helps employees recognize these threats and respond correctly. As cyber threats evolve, so should your training programs. Small businesses can use tools like e-Risk Hub, an online risk management platform offering tips and training resources tailored to employees.

Smart, Simple Security Measures:

  • Multi-Factor Authentication (MFA): Adding an extra step, like a text message code, makes it significantly harder for hackers to gain access, even if they have your password
  • Strong Password Management: Encourage employees to use long, complex passwords and avoid reusing them across accounts
  • Email Security Software: Invest in solutions that can detect and block malicious emails before they reach your team

Just as important as the tools themselves, are clear policies and procedures. For example, if an email requests a wire transfer, employees should be trained to verify the request by phone before taking action. This single step can stop a phishing attack in its tracks.

If you store personal information — whether it’s customer data, employee records or payment information — you’re responsible for keeping it secure. In the event of a breach, you may face legal consequences, including class action lawsuits or breach of contract claims. Courts will want to know what protections were in place and whether proper security measures were promised and followed.

Beyond the legal risks, a breach can shut down your operations. That’s why it’s essential to have secure data backups in place. Without them, a cyberattack could leave your business paralyzed.

Cybersecurity isn’t just about firewalls and software, it’s about people, policies and preparation. By combining smart training, strong procedures and simple security practices like MFA and good password hygiene, you can protect your business from many of today’s most common threats. And remember, the responsibility for safeguarding sensitive data always lies within the business, even if the data is stored in the cloud.