When it comes to running a small business, there are a lot of things that owners need to juggle. Cyber security is just another thing on a long to-do list. It’s also one that often falls by the wayside. After all, it’s not like you have a huge database of clients – who’s going to bother to hack you, right?
Wrong. That is a critical mistake. While it is true that your business has a lot less information to steal than would be the case with a large corporate, you are fooling yourself if you think you are not a target. In fact, small businesses can be a lucrative target for some hackers because they tend to be easier to hack.
How Could a Hacker Make Money Off Your Data?
There are a few main reasons that a hacker would want to get into your system, and none of these is good news for you.
- Stealing personal information of clients.
- Getting access to your financial information.
- Installing Ransomware.
- Creating chaos for fun.
Stealing Personal Information of Clients
This one is possibly the most dangerous of the lot because it can be hard to pick up. The only inkling anyone might have is when this personal information is used for identity theft, or when their credit card is used fraudulently.
You can be held liable if this happens because your systems weren’t adequately protected and that could mean having to settle serious lawsuits. Even if things don’t progress to court, rebuilding the trust of the clients who entrusted their information to you is not easy.