As the biggest day for online shopping every year, which falls on the Monday after Thanksgiving, Cyber Monday is not only a great opportunity for small tech companies to see high sales numbers, but it also puts a firm at higher risks for online threats that can potentially debilitate their organization.
Owners need to prepare their staffs for Cyber Monday
According to recent research conducted by security solution Dell SonicWALL, small tech companies should be concerned about the risk of cybercrime Cyber Monday can bring. The survey discoveredthat nearly 70 percent of companies reported their employees can’t pinpoint fraudulent attacks to the company network.
Executive director of Dell SonicWALL’s product management Patrick Sweeney stated that Cyber Monday creates problems for productivity as well as leaving potential vulnerabilities in corporate networks that can expose them to threats.
One way owners at small tech companies can protect their enterprise from the increased potential for cyberthreats is through the use of cyberliability insurance policies. With insurance policies in place, small tech firms won't be held liable for the information that can be lost because of a cybercrime.
Business owners focusing on productivity, not security
Owners of small tech companies are going to face a very busy holiday season, especially with Cyber Monday on the horizon. Because of the increased workload everyone in the businesses is anticipated to take on before the holidays hit, the survey found respondents are more focused on their firm losing productivity from their employees, instead of learning about ways to use the internet more safely and securely.
According to the survey, nearly sixty percent of companies are more concerned with loss of productivity than network threats during work hours this holiday shopping season, which could put all of the business critical information the company has been accumulating at serious risk.
According to Sweeney, survey results revealed that companies worried more about the loss of productivity and the strain on company bandwidth than with malicious cyberattacks.
Over half of companies, large and small, predict that their average employee will be shopping online between two and four hours every week for the duration of the holiday gift-giving season. Keeping these figures in mind, owners at small tech companies would be especially smart to inform their employees on smart strategies while using the internet for ecommerce purchases.