Cyberattacks are a growing threat to small businesses and the U.S. economy, the SBA says. (Credit: Fotovladimir991 | Dreamstime.com)
As small businesses in the region pivot to do more business online to be more competitive, and reach a broader market so do the scammers who use the holiday season to be The Grinch.
These Master Scammers were responsible for creating $2.4 billion dollars in losses in 2021 from $960 billion being exchanged in online sales. This year, it is expected that online sales will surpass $1 trillion, so the losses inevitably will also increase.
With direct action on your part, you can protect your online business from fraud, but you need to act now because small businesses are their favorite target because they expect you to lack the security infrastructure that larger businesses routinely invest in.
In fact, 88% of small businesses surveyed believe that their businesses are currently vulnerable to cyberattack.
While this is not a definitive list on what you can do to prevent cyberattacks, these suggestions offer simple and cost-effective ways to make it that much harder for online predators to steal from you and adversely impact our local and national economy.
