With cybercrime on the rise, small and midsize businesses (SMBs) must make sure that they don't sacrifice security in favor of convenience. There are countless technology tools available to companies in every sector, and it is not uncommon for individuals to bypass IT best practices in order to accomplish a task more easily.
However, ignoring key security measures opens SMBs up to a never-ending list of threats. These organizations typically lack the manpower and skilled professionals who can manage all their IT needs while still making sure that the company adheres to best practices. And, if larger enterprises and government agencies with vast arrays of resources are vulnerable, so too are small businesses.
According to a recent VentureBeat article, credit card and possibly tax information for 3.6 million people in South Carolina was stolen when hackers infiltrated the state's Department of Revenue (DOR) network. The breaches happened in August and September, however they weren't discovered until after the state's IT division noticed anomalies and contacted the DOR on October 10 to initiate an investigation.
"The number of records breached requires an unprecedented, large-scale response by the Department of Revenue, the State of South Carolina and all our citizens," said South Carolina Governor Nikki Haley in a statement. "We are taking immediate steps to protect the taxpayers of South Carolina, including providing one year of credit monitoring and identity protection to those affected."
Financial information is a highly valued target in the eyes of today's hackers – and for obvious reasons. If such a breach were to happen to a private businesses, every customer and client would be placed at significant risk. The potential fallout could include a PR black eye for the company, possible lawsuits and a loss of public faith in the organization and its ability to safely conduct business.
Managed IT support is one of the most efficient ways for SMBs to conduct their day-to-day operations while still being protected by robust, monitored network solutions and security measures. Whether in finance or any other industry, convenience and strong technology solutions should never be mutually exclusive.