Does your website receive or contain any type of personal or private information from clients? Is your business website missing a security and malware removal system? If your answers are yes, then you are in great danger. According to a report by Verizon, 43% of cyberattacks target small businesses, and you never know when yours can be the next one.
Nowadays, protecting your website from cyberattacks is something critical to your business, your employees and your client’s safet.
Here are five reasons why you should establish a website security plan right away:
- Financial loss A hack can damage your finances in just a couple of days, even hours. For instance, using stolen credit card information may lead to chargebacks and fraudulent transactions, which can be extremely harmful for a company. Additionally, downtime resulting from a hack can result in lost revenue.
- Legal repercussions If sensitive data, such as private information, proprietary information, or secret business information is stolen or compromised during a hack, there may be legal repercussions. The company could be subject to lawsuits, fines, or other legal consequences.
- Reputational damage The reputation of a company may suffer as a result of a hack, causing the loss of clients and business partners. The brand of the company can also be harmed by negative media coverage and social media backlash. Your reputation is everything nowadays, especially taking into account the easy dissemination of news, information, and rumors on social media!
- Operational disruption Critical business systems can be damaged or destroyed by hackers, leading to downtime and lost productivity, which can disrupt operations. The company might also have to spend money recovering from the hack, which would take resources away from other business priorities.
- Compliance violations If the company is subject to data protection laws like GDPR or HIPAA, a hack could lead to compliance violations. These rules carry heavy fines and harsh legal repercussions for noncompliance.