Today’s businesses store large amounts of sensitive information, including credit card and social security numbers, online. In most cases, the gateway to all that data rests with just one password.

Why is this important? Because of the increasing number of cyberattacks each year. According to CSO, damage from cybercrime is expected to cost a whopping $6 trillion annually by 2021. Small to medium-sized businesses (SMB) cannot afford to assume that their IT systems will operate unprotected and immune to attack. In today’s online environment, it’s not a question of ifan SMB will be vulnerable to hacking but when.

Verizon’s 2018 Data Breach Investigations Report found that more than 50% of confirmed data breaches involved weak, default, or stolen passwords. Such dire operating circumstances call for extra vigilance regarding cybersecurity. SMBs can start by focusing on reinforcing the integrity and strength of their employees’ passwords.

Small to medium-sized businesses should focus on a few common-sense approaches to password security. The most logical advice is that passwords, especially for business computers, need to be complex. No pet name or child’s birthday — instead, focus on long strings of characters, incluing upper- and lower-case letters, numbers, and special characters. Businesses should implement two-factor authentication, which requires something you have (your password) in addition to something you receive (usually a unique code delivered by text message).

In today’s 24/7 economy, small to medium-sized businesses cannot afford downtime. Advanced internet filtering systems and end-to-end data encryption solutions provide peace of mind alongside strong passwords, adding up to a multi-layered approach to keeping computer systems secure.

Such vigilance may be tough for SMBs, which often don’t have the staffing or financial resources necessary for a dedicated in-house cybersecurity team. Outsourcing cybersecurity to a trusted IT solutions provider like CMIT often makes the most sense.

CMIT Solutions has two advantages: one, franchise partners are rooted in their local communities, easily accessible to clients in need. Second, the North American CMIT network keeps a finger on the pulse of constantly changing cybersecurity challenges. SMBs can rest assured that CMIT Solutions can tackle any cybersecurity challenge that presents itself. 

CMIT Solutions is dedicated to a proactive approach to cybersecurity — and that starts with strong passwords for businesses of all sizes.

Contact CMIT Solutions to learn more about preparing your business for cybersecurity threats and challenges.