5 Reasons to Invest in Security for Your Business
November 27, 2019
Smart business owners take necessary security steps to protect their hard work. Yet, 75% of small businesses do not invest in cybersecurity or security cameras.
For business owners, protecting assets and people is essential.
Cybersecurity remains a top business priority.
Recent statistics don't favor small businesses. According to Statista, numerous businesses have faced security attacks. Many had daily operations interrupted by breaches. Learn how to stay protected and why you should invest in business security.
1. Create a Strong Sense of Security
When businesses defend against hacking, employees feel more secure.
Why?
Because it shows staff your business values more than just profit.
Your people are as important to protect as your assets.
Security systems like cybersecurity and cameras create safer workplaces. Loyal employees and customers are hard to retain if crime levels are high. Use the right security measures to build a strong community.
Staff who feel secure are more productive. Security systems deter criminals, prevent theft, and provide a safe place.
Tip: Educate all staff on cybersecurity best practices and security policies, including keycards, employee access, unauthorized access, and business security. Staff can be the weakest link—education is essential.
2. Customer Trust
Strong security leads to better customer trust.
Business reputation improves as clients feel safer knowing activities are monitored. Building trust is invaluable, especially with sensitive data.
Information can be more valuable than money. Free antivirus won't suffice. Invest in paid software through a reputable IT provider. Software needs ongoing updates to remain effective.
3. Hackers Expect Small Businesses to Have Loopholes
There's a misconception that small businesses are safer than large corporations.
Size doesn't matter to criminals.
Quality data, like customer credit cards or health data, and intellectual property are key targets. Cybersecurity and cameras are crucial for protection.
Hackers expect these targets to be easy. A lack of awareness, budget, and education make business owners hesitant to invest in proper security.
Tip: Read our article on how to maximize security cameras for your business to eliminate loopholes.
4. Lower Insurance Premiums
If you're looking to reduce premiums, invest in cybersecurity and surveillance.
Insurance companies favor business owners with security, offering discounts. Better business protection benefits them too.
Security systems are long-term investments. You can also write off security purchases as tax deductions.
If an incident occurs, having a security system provides evidence and documentation of the event.
5. You Can't Stop What You Can't See or Monitor
Every business has vulnerabilities.
If you don't understand its infrastructure and risks, it's impossible to stop breaches, prevent theft, and reduce malicious attempts.
Identify risks and find remediation methods. For sensitive data, use a Vulnerability Management Service. For physical security, cameras deter theft and monitor activities, increasing safety.
Smart security is not just for high-profile businesses. Cybersecurity and business safety are concerns for all. Follow our blog for more security tips or contact us today.