The rapid growth in online commerce and the way we interact has great significance for small business owners since it affects our ability to collaborate online, work remotely and engage in transactions with several parties even on a global scale. The underlying glue that makes all this work however, is confidence. We are able to do all the wonderful things with technology because we allowed ourselves to believe that our information will be protected and that the risks of foul play are minimized.
This expansion in connectivity creates new opportunities for businesses of all sizes, but especially for small business owners. At the same time, the new frontiers bring along a new set of vulnerabilities and threats like phishing, pharming, identity theft, data leakage and unmanaged endpoints. Recent research shows that about 63 percent of businesses are going to experience some form of information loss and regulatory breach which will lead to damage to reputation and loss of revenue, partners and customers.
Small businesses have to find ways to maximize current technologies and must do so in a cost effective manner. As is often the case, many small businesses have little Information Technology experience and cannot afford to maintain a full-time IT department because it is just too expensive, time-consuming and in many instances flat-out inefficient.
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