Busting The Cybersecurity Myths

Busting the Cybersecurity Myths

In this post we are busting the cybersecurity myths that can jeopardize your business. 

Cybersecurity is a challenging topic for businesses to comprehend because it is so complex. Several elements constitute excellent cybersecurity, such as network, server, and malware security, as well as server and application security. This is not to mention multiple-device security.  Undoubtedly, the level of complexity can quickly become overwhelming for businesses that do not have access to a reliable cybersecurity partner.

Without a real understanding of what a stable cybersecurity solution does and does not entail, most businesses’ security will be compromised.

Another reason limiting businesses to gain a full understanding of cybersecurity is that there is an ample of contradictory, outdated, and incorrect information surrounding the subject available online. While many tend to rely on search engines, and they can be an excellent source of information; unfortunately, it fails to produce in-depth knowledge and frequently leads business owners in completely opposite direction. Without a real understanding of what a stable cybersecurity solution does and does not entail, most businesses’ security will be compromised. Here are the common cybersecurity myths:

#1: Cybersecurity is Only Needed for Large Corporations

With most of the attention on widespread hacks, it is not difficult to fall victim to believing that hackers are only targeting large organizations. For instance, the attacks on organizations such as Yahoo or Sony amount to the silver of the full scope. The truth is that you are not aware of the thousands of cyberattacks on a smaller scale. These attacks happen year after year, but you do not hear about them because the affected businesses are deemed too insignificant to make it to the news story, or frequently they do not want to recognize that their security has been jeopardized. Staggeringly, according to the 2018 Verizon Data Breach Investigations Report, 58% of cyberattack targets were small businesses. 

For the average business, it can take up to six months to recognize that it has been attacked.

What is even more eye-opening, in many instances, businesses might not even realize that they have been targeted. There are some reports that for the average business, it can take up to six months to recognize that it has been attacked. It is worth comprehending just how much damage a hacker causes in a short space of time, and then measuring how much they could potentially undermine your network or systems unnoticed over several months. 

#2: It is Costly to Address Cybersecurity Adequately

A frequent myth that prevents businesses from really tackling addressing their IT security is the wrong impression that it must always require significant expenditure. There are several reasons why companies may have this mindset. The most critical misconception being that engaging a cybersecurity specialist is very costly. 

With most small businesses unable to hire an in-house IT security professional, it does not come as a surprise that employing a whole team is way beyond their capacity. As a result, many essential aspects of cybersecurity go unanswered. 

There is an economical way that small businesses can still achieve complete security, however. By outsourcing the function of cybersecurity to a reliable managed services provider, like Millennium Group, companies get full access to a team of IT and security specialists for an affordable fee. Managed services providers provide comprehensive security solutions explicitly built for business requirements and budgets, bringing more reliable security and more profound peace of mind.

#3: Cybersecurity Only Needs Addressing Once 

Most business owners have enough on their plates, and the idea of wanting to get cybersecurity concerns off their case is often tempting. However, it is crucial to resist perceiving cybersecurity as a tick box exercise. Many companies fail to dedicate the time and attention that is required for proper IT security because they see their network as an inactive compound of wires that, once secured, will stay that way. However, the reality is that networks are more like a live existence that continuously requires monitoring and protection.

It is crucial to resist perceiving cybersecurity as a tick box exercise.

It is worth comprehending all the new data that streams through the systems, the new devices that get connected, and the installation of applications. All this occurs concurrently in an intricate network of processes. Therefore, a one-time endeavor can not protect a business sufficiently and provide long-term security. The only sure route to secure the business networks and data is by implementing effective maintenance.

Beginning with a careful analysis to recognize risks and vulnerabilities, a reliable IT security partner can then utilize the best tools to ensure total business security. 

# 4: Anti Virus Software Can Provide Sufficient Protection

Anti Virus Softwares have indeed improved over time. However, the difficulty with relying on such Software is not the traits of the product; it is that anti-virus solutions are not universal remedies. This is because the standard anti-virus programs work by recognizing a known commodity in malware, meaning that they can only identify issues based on past happenings.

Anti-virus software solutions alone are not sufficient to provide effective security for a business network. Preferably, anti-virus software should only form a part of a more considerable, and more strategic security endeavor. 

#5: Cybersecurity Applies Only to IT Department 

Another frequent myth that is often witnessed is the mistaken idea that cybersecurity applies only to the IT field. This approach is undoubtedly a trace of the past, reflecting outdated computer systems. Nowadays, the obligation for cybersecurity is carried by every function within an organization. An error in any business area could create a widespread problem resulting in various degrees of damage, not only within the IT department. 

Therefore, the best cybersecurity practices must be adopted for each department, and the same is communicated adequately with staff members. For instance, the team should have a comprehensive knowledge of strong password management for various applications. Furthermore, the handling of suspicious emails is vital for business security, and every staff member should be aware of such procedures. This is not to mention the respectful and responsible processing of business information and data loss prevention methods.

To help all staff members to fully understand the extent of their cybersecurity accountability, Millennium Group can provide a range of coaching options. We can ensure that teams are equipped with the proper skills and knowledge to prevent cyberattacks businesses get harmed.

Millennium Group 

The team at Millennium Group, located in Loveland, Colorado,will be happy to discuss your cybersecurity concerns and answer any questions.