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Although small businesses may not realise it, they actually face the same data breach risks as larger businesses. But there’s good news – implementing a sound information security plan and closing some common loopholes doesn't necessarily need big budgets, but it does prevent data breaches.
Many South African business owners don’t realize that a data security breach will cost them money in lost business and fines, despite research estimating the average cost of a breach at over R 46.2 million, not to mention the significant damage to their reputation.By ensuring that your business has a set information security policy, you will prevent data breaches from occurring and keep information security at the forefront of your preventive measures.
The first step in mitigating risks is identifying the threats that pose a risk to your current information security policy. This simple information security checklist can help small businesses:
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