Why Small and Medium sized Business is at Risk

Many small and medium-sized businesses (SMBs) do not fully comprehend the value of IT management, or indeed, the threats they face. Naturally, if you are a business engaging the services of an SSP (Strategic Services Provider) like Go Systems, this may not apply to you. For SSPs to be effective within the small and medium-sized business (SMB) market, the customers must realize what the risks are and how to deal with them.

Here are a few high-level points with SMB’s need to understand.

You Are a Target

Stop thinking that just because you are a SMB sized Australian business that nobody is interested in hacking you. There are plenty of reasons for hackers to target your small business. We no longer live in an era when only the banks and large enterprises are the targets. Hacking, data theft, and cybercrime have become big business around the world, and small businesses are ideal targets. So, be warned!

We see hacks all the time from this market sector here in Australia costing them money with very clever spoofs.

Small Businesses Are Less Protected

Unless you work with an SSP and allow them to do their job, your small business is likely less guarded than many of your larger enterprise colleagues. There are many threats targeting businesses today; these threats require a comprehensive defence. Defending against even the more common cyber threats requires knowledge, people, and tools; most small and medium sized businesses have no idea where to start.

Ignorance of Data Regulations

Enterprise organizations live in a compliance world. Compliance is a daily reality for these entities, requiring them to have compliance officers, perform internal compliance testing, and generate external compliance reports. Most small and medium sized businesses have difficulty navigating simple things like automating payroll, payroll taxes, and the various Taxation Dept, and ASIC requirements.

The recent passage of numerous data privacy and security laws throughout the world has created a new reality for small and medium sized business: data privacy compliance. Ignorance is no excuse in the eyes of the law. This is especially true concerning data privacy regulation. The right SSP partner can help you navigate these laws and develop a plan to make you safe and compliant.

Have a look at https://www.oaic.gov.au/ which is the Office of the Australian Information Commissioner to see what your obligations are.

SSPs have never been creatures of bureaucracy. SSPs like technology, love solving problems, and genuinely care about the customers they have. But, SSPs are living in a new era where data regulation is impacting a large number of their customers throughout the world. SSPs are ideal for helping customers develop that defensive posture and help prevent small business from becoming another cybercrime statistic.