Many of us now run an online business. It’s no longer just larger companies that have an online presence. Small and medium-sized enterprises focus a lot of their time and money on their online strategies, and many new businesses start solely online, with no form of brick and mortar storefront. The growth of online business means that protecting yourself legally, financially and from cyber-crime is more important than ever. While a large company has lawyers and accountants to look after the financial and legal elements and can handle the costs of cyber-crime, smaller businesses can struggle.
If a small company failed to get the right protection and found themselves at the mercy of a cyber-attack, or a lawsuit from a disgruntled customer, they could quickly find the associated costs, not to mention the hit to their reputation, too much to bare. In those all-important early years, this could finish your business before it even has a chance to grow.
Manage Customer Data
If your website takes any information from customers, you must protect it. For some information, such as their email addresses, this can just be a case of not passing their details onto any third parties and ensuring your website is protected. If you take bank information and other sensitive details, you may need further protection.