Insurance Insights

As a means of making necessary data a little easier to share these days, many businesses large and small are now shifting a larger amount of their data to the cloud. However, while this has really only become a major industry shift in the last few years, it seems that many firms are planning to move even more heavily in this direction in the near future.

These days, many small business owners may see the massive data breaches that have effected some of the biggest-name companies in the U.S. and thought that this kind of incident would never end up affecting them because of how tiny their companies are in comparison. However, experts say that’s the kind of attitude that often leaves companies more vulnerable to an attack, which may be inevitable.

As a small business owner, you understand the importance of backing up data. The problem is, you might be confused by all the terms floating around the Internet in relation to backing up data or simply not  take the time to back up your data. You also may have a few misconceptions about how difficult the task of backing up data can be. This should clear up some of the mysteries surrounding data backups.

The idea of a data breach is probably a scary one to many small business owners, because the costs associated with suffering one can be massive, and it’s extremely difficult to prepare for such an incident. However, security experts say that these entrepreneurs might be able to get themselves in a good position without incurring a significant cost to do so.

Many small business owners have likely heard by now that the Home Depot recently suffered a major data breach earlier this month that potentially left millions of the company’s customers vulnerable to having their payment data stolen. However, what they may not realize is just how far-reaching those effects could end up being.

Every year, there are at least a few major data breaches that grab headlines for a week or two then fade from memory, but still leave many consumers or companies significantly affected for months or even years to come. However, those incidents are major for a reason: They hit big companies and impact potentially millions of people. The fact of the matter is that the smaller ones, which don’t show up in the news, are more common, and increasingly focused on small businesses specifically.

Over the past year or two, a number of high-profile hacking attacks carried out on major companies across the country have grabbed headlines and made consumers and competitors alike start to fret about the potential danger these posed to their accounts. However, these kinds of occurrences happen every single day to many small businesses, just on a much smaller scale.

Over the past several years, small business owners across the country have likely seen many headlines about major data breaches that ended up having huge negative impacts on some of the biggest companies in the world. And while many such entrepreneurs have likely shrugged these attacks off as something that simply “can’t happen” to them, experts say that they’re actually far more vulnerable than those larger entities.

These days, many small business owners know full well that there’s a significant risk of being affected by a data breach. However, what they might not know is how to help ensure that this kind of issue doesn’t end up hurting them too badly when and if it occurs.

The holiday shopping season is less than two weeks away, and many small business owners across the country are scrambling to make the final preparations for stocking, scheduling, and the like as a consequence. However, one thing they might overlook that can be vital to the ongoing financial success of their companies is the security of their computer systems.