As sad as it may seem, even small businesses are attacked by cybercriminals, too. Now, not only large corporations and national governments are having problems over cyber threats.

While corporations and governments have all the funds to build excellent cybersecurity protection, small businesses do not. That is why you must learn the basics of cybersecurity as a small business owner.

Here is a short guide into cyber threats and the potential damage they could cause:

The Dangers of Cyber Threats

When cybercriminals hack into your network, your money, data, and IT equipment are at risk. They can also do extensive damage with the information they obtain, such as acquiring the credit card information of your customers, personal data, banking details, and more.

They can also acquire your product designs, expansion plans, manufacturing processes, and pricing structure. In other words, your entire business is at risk of cyber threats. You could end up losing your business and put your customers at risk.

In addition, hackers may also use your network to hack more companies using your network’s connection to them. As long as they’re in your supply chain, you are also putting them in danger.

The Consequences of the Attack

The consequences of a cyber attack can be different for small businesses, but they can, without a doubt, lead to massive losses. Most small businesses victimized by a cyber attack shut down after several months, but there are other equally devastating consequences.

You could suffer from financial loss due to disruption of business and theft of banking information. You might also pay extensive amounts of money to eliminate all cyber threats and risks in your network. But perhaps the saddest thing for small businesses is that their reputation gets smeared, and they lose customers’ trust when they find out their information is compromised.

How to Protect Your Small Business Against Cyberthreats

Now that you also need to arm your business against cyber threats, you need to know the basics of cybersecurity and how you can use them for protection. Here are some of the things you can do:

– Antivirus Software

Antivirus software can help keep all your divides free from viruses, ransomware, spyware, phishing scams. Use one that provides protection and offers advanced technology that eliminates the threats in your computer once detected. Good antivirus software also resets your device back to its original, pre-infected state.

– Risk Assessment

Regularly perform a risk assessment to identify potential risks that may put your company’s networks, systems, and information at risk. When you can identify potential threats to your business, you can eliminate them before they can attack.

To do that, examine how and where your data is stored, as well as who can access it. Measure the risk levels of potential attacks and how a breach can impact your business. After identifying the threats, develop a security strategy to use. You can review and revise this anytime, especially when you make changes to how you use and store your data.

– Up-to-Date Software

Regularly update your software when new changes are introduced. Every update strengthens the software or adds patches to coding loopholes that hackers can use or enter through. That does not take as much effort as allowing your device to perform an update and go back to it when it’s completed.


Cybersecurity is not only for large corporations and national governments, especially now that cybercriminals attack even small businesses. You must know how to protect your business from hackers by learning about cybersecurity and its implementation.

At My IT Central, we create innovatively and simplified tailored IT solutions, such as IT support, cloud computing, and cybersecurity services in Edmonton, Summerside. We are committed to providing quality service through custom solutions that fit our clients’ businesses. If you have any IT-related concerns, give us a call at (780) 900-2982 and let us know how we can help!