A Checklist For Small Scale Businesses In Canada

   2020-09-06       13        Business
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According to the Insurance Bureau of Canada, about 44% of small businesses do not have the proper defences to ward off cyber attacks and about 60% do not have insurance

If you are a small scale business in Canada, it is likely that you already know just how important it is to be online. In today’s digital economy, being online gives you the ability to expand your business, attract new customers and avenues of revenue to you, and complete your day to day business operations. However, being online requires you to have a secure network, otherwise you are opening yourself up to possible cyber security beaches and hacking. Let’s take a look at why cyber security for small businesses is important and what areas you need to pay attention to in order to prevent cyber security breaches.

What Is the Importance of Cyber Security for Small Businesses?

According to the Insurance Bureau of Canada, about 44% of small businesses do not have the proper defences to ward off cyber attacks and about 60% do not have insurance to help with the recovery process [1]. This means that those who are hit with an attack will not be able to properly recoup the cost of the attack, and in many cases, the cost can range between $15,000-$100,000 in total damage. For small businesses, this could mean the closure of the business itself and possible negative recourse if employee and client information is compromised.

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According to the Insurance Bureau of Canada, about 44% of small businesses do not have the proper defences to ward off cyber attacks and about 60% do not have insurance

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I am Katie Bullon. Head Bull at Bull Digital Solutions. LOVE Marketing, Wannabe Interior Designer, Frantic Do-er, Lover of Wales, Wine and Wickedness...


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