In the digital age, data is important to businesses, no matter the size. There are confidential information transmitted over the internet, such as intellectual property and designs, financial information, customer data and official communication.
Small business should not overlook the importance of IT security. Here are the top reasons:
- The number of cyber security attacks increases yearly. From leaking information to using the business assets or stealing money online, the number of incidents of security breach makes it obvious that security is a major concern. After a breach, the company will then focus on damage control. This reactive approach may do badly for the company, as it affects the reputation of the firm.
- It’s not just the number of the attacks that are rising; the level of severity breaches increases as well, becoming progressively more destructive. They target a broader scope of information. Investing in IT security gives your customers the assurance that you will take care of the information they share.
- More businesses in Singapore are investing in IT security. According to research, budget for IT security has more than doubled. The fact that more businesses are strengthening their security measures makes it necessary for your business to adapt. There is no excuse for a company to be late in responding to security concerns while the rest of the industry has already adapted.
Investing in IT security is not a business decision that can be put off until next year, or worse, when there is already an attack. Company size is also not an excuse not to address this concern as soon as possible. Protecting your business from the perils of data breach shows commitment to your organisation.
Start securing your business. As a responsible business owner, you should not wait until it’s too late.