Almost every business requires an online presence in order to raise awareness, generate sales, and engage with their customers. However, with cybersecurity threats on the rise, everyone needs to be mindful of potential attacks. If your business relies heavily on technology, you need to take cybersecurity seriously. Here are some of the reasons why.
1. Cybercrime is real.
Cyberattacks are real and on the rise. The number of reported cybercrimes has risen by 300% since the start of the pandemic, according to the FBI. Hackers appear to have taken the opportunity to attack vulnerable networks as more businesses change their processes and transition to remote work.
2. Cyber attacks happen every 39 seconds.
Studies show that attacks on computers with Internet access now happen every 39 seconds on average. This near-constant barrage affects one in three Americans every year, according to a Clark Study at the University of Maryland. Weak and predictable login credentials, like usernames and passwords, also make it easier for attackers to gain access to business accounts.
3. It could happen to anyone.
Norton has reported that more than 800,000 people get hacked every year. Companies aren't spared, either, as 64% of them have reportedly experienced web-based attacks in 2020. 43% of these attacks were reportedly targeted at small businesses.
4. It cannot be undone.
Some of the world's biggest companies have been hit by data breaches in their lifetimes. Unfortunately, it takes businesses nearly six whole months on average to detect them, according to a cybersecurity report conducted by the Ponemon Institute on behalf of Arbor Networks. In that time, private information like passwords, credit card details, and social security numbers could have been compromised and exploited by attackers.
5. It can be expensive.
Most cyberattacks cost businesses both time and money. In 2020, companies that were affected by cybercrime spent an estimated 2.7 billion hours trying to resolve it, according to a Norton report. As for the average cost of an incident? Accenture Security reported that the amount stands at a whopping $13 million.
What You Can Do
If you want to protect your company, start with 1Password Business. An enterprise password manager will give you complete control over your passwords and other sensitive business information. In addition, 1Password Business is compliant with the most stringent industry standards for data confidentiality, integrity, and availability.
1Password secures you and your team with:
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Data encrypted at rest and in transit
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Tamper-proof and authenticated encryption
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Brute-force protection with PBKDF2
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Data residency options
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Audit logs
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SOC2-compliant
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Customizable access policies
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Secure vault sharing
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Custom groups and roles
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Account recovery
Over 100,000 businesses trust 1Password including IBM, Slack, and Shopify. All of these companies use a password manager because they know it secures their team members without slowing them down.
Cybercriminals infiltrate companies through their weakest link, which is why 95% of breaches are reportedly attributed to human error. 1Password Business encourages good security habits by giving every team member a free 1Password Families membership. That way, they can use secure passwords and stay safe online both at work and in their personal lives.
With 1Password, you can protect everything-your time, money, business, and family-with just one tool.
