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Fidelity Business Blog: Post

5 Cybersecurity Resources You Can Use to Protect Your Small Business

  • Posted July 6, 2021

While it doesn’t make the news, the threat is real for small businesses. These days, cybercriminals are targeting not just big businesses, but small businesses as well.

According to Keeper Security’s 2019 SMB Cyberthreat Study, two-thirds of small and medium-sized businesses suffered a cyberattack in the previous year. At the same time, 66 percent of SMB leaders don’t believe a cyberattack will happen. For the most part, small businesses believe they’re too small and have nothing worth stealing compared to larger entities. Nonetheless, small businesses are considered easy targets as many of them don’t have the resources or know-how to protect themselves from an attack. Additionally, the cost is much higher compared to large corporations that can absorb the financial repercussions. Besides bearing the cost of downtime and losing intellectual property, sensitive information such as customer data can be compromised in a ransomware attack.

To help keep your business safe, consider these five resources that can help you better manage and prevent a cyberattack from costing you your business.

STOP.THINK.CONNECT Campaign

This national public awareness campaign was created to increase understanding about cyberattacks and encouraging the public to take steps to better protect themselves online. The campaign recommends the following steps to create a more secure environment in your organization.

  • Secure your customers’ personal info with appropriate security measures.
  • Be transparent and communicate with your customers about how your collect, use and share their personal information, and the settings offered to better manage their privacy.
  • Don’t rely on just your privacy policy. Instead, communicate with your customers as often as possible the steps you’ve put in place to ensure their privacy and security.
  • Educate your employees about their part in your customer’s privacy and security.
  • Take it a step further by understanding your partners’ and vendors’ data use practices.

Cybersecurity & Infrastructure Security Agency (CISA) Cyber Essentials

CISA offers its Cyber Essentials guide to small businesses and local government agencies so that they can develop their own plan to implement cybersecurity practices. Here is a snapshot of what’s included:

  • Cyber Essentials Starter Kit: A document that shares the basics for developing cyber readiness and includes information on how to take action as a leader in your organization to protect your systems.
  • Cybersecurity Resources Road Map: This printable guide is to determine what cybersecurity best practices and resources are needed.

U.S. Small Business Administration (SBA)

In the recent survey it conducted, the SBA reported that nearly 90 percent of small business owners believed that their business would be susceptible to a cyber attack. To help businesses who may not be able to afford expensive IT solutions or are unsure as to where to start, the SBA provides a segment aimed at helping small businesses protect themselves against cyber threats. Information includes:

  • Identifying the common threats of cyberattacks – malware, viruses, ransomware, and phishing.
  • Performing a cybersecurity risk assessment to find vulnerabilities in your business.
  • Implementing cybersecurity best practices to prevent data breaches.

Federal Trade Commission (FTC) Cybersecurity for Small Business

The key to countering cyberattacks is education and the FTC offers several tools to help small businesses safeguard their interests. Learn how with these resources:

  • Cybersecurity Video Series – A collection of videos offering a short introduction to the basics of cybersecurity and ransomware. This broad overview is a stepping stone to the other resources provided.
  • Cybersecurity Quizzes – Brush up on your cybertheft knowledge by taking this cyber challenge. This series of quizzes on a variety of topics such as phishing, vendor security and secure remote access also includes feedback to each answer and links to additional resources.
  • Topic Library – Find out more information on 12 different topics that also include practical tips. As an example, the ransomware section provides information on how to protect your business while the cyber insurance segment has a checklist on what your policy should include.

Federal Communications Commission (FCC) – Cybersecurity for Small Business

The FCC recommends small businesses to have a cybersecurity action plan when it comes to matters of the Internet, whether you’re implementing cloud computing, using email or maintaining a website. To help, the FCC offers the following resources:

  • Small Biz Cyber Planner 2.0 – Relaunched in October 2012, this online resource aims to assist small businesses create their own customized cybersecurity plan.
  • Cybersecurity Tip Sheet – This is a quick resource that features tips to protect your small business including training employees in security principles, securing Wi-Fi networks and limiting access to data systems.
  • Links to Other Resources – The website provides a host of links to private and government resources for those looking for more information on cybersecurity.

The best offense against cyberattacks is defense – taking advantage of the resources available and then creating a strategy that suits your small business. Check out the free resources above so that you can better protect not only your business but your customers as well.

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