Owning an SMB is an American dream, but keeping one afloat is a challenge. One significant hurdle is finding affordable cybersecurity solutions. SMBs constantly measure risk vs reward in decisions like marketing, sales, and outsourcing.
Affordable cybersecurity often feels like an uphill battle due to costs and maintenance. However, it doesn’t have to be this way! In the past year, 63% of businesses have experienced at least one security breach. SMBs need the best value for their investments, especially in cybersecurity.
With that foundation, here are 5 affordable cybersecurity solutions every SMB needs right now:
1. Cloud Computing
For small businesses looking to secure their data without the complexities of traditional systems, cloud computing is an excellent first step. Transitioning from a legacy system, such as an in-house database on a physical server, to the cloud is often simpler than expected. Cloud providers offer various packages and automated migration tools designed specifically for small businesses embarking on their virtual storage journey.
When it comes to cybersecurity, cloud storage offers enhanced protection compared to local drives. Essentially, cloud storage creates a digital replica of your company’s infrastructure and stores it on a virtual hard drive—a fraction of a physical hard drive.
Although the cloud is not a perfect solution, it’s reasonable to assume that providers like Amazon (AWS), Google (GCP), and Microsoft (Azure) offer superior cybersecurity measures. The significant advantage here is that these providers understand the needs of small businesses and offer affordable pricing plans. They even provide hybrid solutions for those who wish to maintain their local infrastructure while enjoying the benefits of cloud storage.
2. VPN
You can download VPN for Mac or any other device and protect it from dozens of cyber threats for just a couple of dollars a month. In addition to big discounts when buying subscriptions for a long period of time, there is even a free VPN for Macbook. Of course, you need to look for a VPN app for Mac with sufficiently functional applications, a no-logs policy and an extensive network of servers. By the way, VeePN fits all of the above criteria and it copes well with protection thanks to a dozen built-in security features. It prevents data leaks, hacks, targeted hacker attacks and even virus infections.
3. Implement Multi-factor Authentication (MFA)
Boost your digital security without breaking the bank by implementing multi-factor authentication (MFA) for your business accounts. MFA enhances security by requiring multiple verification methods, like a password and a unique code sent to your phone. This straightforward yet powerful step can greatly decrease the chances of unauthorized access to your sensitive business data.
4. Security Awareness Training
Employee cybersecurity training offers the best return on investment for any business. While firewalls are essential, they can’t protect against human error—like an employee clicking on a malicious link. People can be the strongest defense if properly trained but also the biggest risk if not. Unlike technology that reliably performs its function, people are unpredictable.
Cyber attacks are varied and relentless; Understanding them is crucial for defense. The military exemplifies this approach with constant drills to prepare for any scenario. Businesses should adopt a similar mindset. It makes sense to teach how to use VPN extensions, recognize phishing, instill suspicion and critical thinking, etc. Implement a robust user training program and mandate its completion annually—more frequently if possible.
5. Leverage Managed Service Providers (MSPs)
Entrusting your cybersecurity to experts is crucial for maximizing your budget. Just as businesses rely on marketing agencies and PR firms, cybersecurity should be handled by specialists who are immersed in the field.
For businesses needing enhanced security without a hefty price tag, Managed Service Providers (MSPs) offer an ideal solution. MSPs deliver continuous monitoring, threat detection, and robust incident response and recovery plans.
The advantage of partnering with an MSP is their expertise. Smaller companies often lack a substantial in-house cybersecurity team, but MSPs employ skilled professionals who stay current with emerging threats. Additionally, MSPs have access to advanced security technologies that might be prohibitive for smaller companies to afford independently.
Navigating cybersecurity can be daunting for small businesses, leading some to opt for the first affordable solution they find. However, being aware of your business’s specific needs ensures you invest only in essential services and avoid unnecessary expenses.
