By Chan Wern Shen
4 Minutes Read
As technology continues to advance, cyber security has become an increasingly vital aspect of every organization. From invoicing to marketing, and from sales to HR; more and more parts of today’s business machine rely on computers, software and the cloud than ever. This means that more parts of the business is also exposed to cyber threats, which results in even greater importance to keep things secure.
In a recent blog [link to previous blog on hacking], we established that over 80% of SMEs are being attacked by cyber criminals, but did you know that human error also plays a significant part in facilitating the success of these malicious attacks?
A lack of awareness, negligence, or inappropriate access control can cause devastating cyber threats that could put your entire business at risk, and studies show that 52% of businesses already know it.
But what do these numbers mean in the real world?
The human touch; cyber security’s ultimate challenge
According to a recent study conducted by IBM, the average cost of data breaches stemming from human error is pegged at $3.33 million. While this amount seems unfathomable for most SMEs, having to endure even a fraction of that loss could spell complete and utter doom.
Phishing attacks alone are responsible for losses of over $15 million per year globally, but what’s even more concerning is that the frequency of these attacks is increasing exponentially day by day.
Direct financial losses aside, data breaches also leave a lasting impact on a company’s reputation. No one wants to do business with a company that can’t even keep their data safe, and this results in increased customer churn.
However, customer data theft is only the tip of the iceberg. Imagine if a hacker decided to ignore your customer data, and go straight for the jugular - and stole your company’s intellectual property instead.
Now that would be disastrous.
Firewalls, an SME cyber security essential
One of the most critical components of any cyber security strategy is a reliable firewall, especially for small business owners. In short, a firewall is a digital barrier that protects your company’s network from external threats. It filters all incoming and outgoing traffic, compares it against various preset rules, measures and protocols, and uses this information to determine if the data can pass through or not.
Unfortunately, firewalls are typically considered “high tech” solutions, as they require dedicated IT personnel to set up and maintain - two words that are closely associated with added cost. Because of this, a lot of SMEs chose to forgo installing one even though they are aware of its importance.
This is where Audra comes in. Audra Business is a fully-featured firewall that is specifically designed to be affordable and easily deployable for small business owners. It works out of the box without the need for dedicated IT personnel, and offers top-of-the-line protection against most common cyber threats.
Conclusion
Human error will always persist, and completely eradicating it will be an impossible task. So be a smart business owner, and focus on what you can achieve. With the help of Audra Business, implementing stronger cybersecurity protocols is a breeze. Do it today, with just one tap.
Click here to get expert suggestions.
Interested? Book a personal session with our Technical Consultant to see how Audra multi-sites can improve your business
Book a free demo