BUILDING SUPPLY INDUSTRY ASSOCIATION - Spring 2019 - 20

FEATURE

|

BY IVA PERIC-LIGHTFOOT

©ISTOCK.COM/M_A_Y_A

CYBERSECURITY:
WHY IT SHOULDN'T BE
OVERLOOKED AND HOW TO
PROTECT YOUR BUSINESS

C

lient records, accounting
history, secrets to
the trade - what
would happen to your small
business if it was all stolen
or you suddenly couldn't
access it? For many small
businesses, the issue of
cybersecurity is often eclipsed
by other business priorities
that hoard the company
budget, particularly here in
British Columbia.

Data from an ESET and Ipsos
survey revealed that many small

20

NEWS MAGAZINE | BSIA NEWS | SPRING 2019

businesses in B.C. lacked when it
came to cybersecurity:
* Small businesses were the least
diligent in terms of standard
security practices, such as backing
up files, frequently changing
passwords and educating and
auditing employees on proper
security practices.
* These companies had the highest
rate of any province for having
proprietary and/or customer data
stolen in a cyberattack.
* Many scored the lowest in terms
of adding and/or upgrading their
security solutions after an attack.

Why would someone target
a small business over an
enterprise organization?
Your small business handles
the same sensitive data that
cyber criminals target in larger
organizations. Because small
businesses tend to have a lower level
of protection with less sophisticated
security solutions and policies in
place, they are unfortunately an easy
target for many hackers.
The impact can be substantial.
With no back-ups, contingency
plans or financial reserves in place
to support their businesses being


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Table of Contents for the Digital Edition of BUILDING SUPPLY INDUSTRY ASSOCIATION - Spring 2019

https://www.nxtbook.com/naylor/BSPS/BSPQ0320
https://www.nxtbook.com/naylor/BSPS/BSPQ0220
https://www.nxtbook.com/naylor/BSPS/BSPQ0120
https://www.nxtbook.com/naylor/BSPS/BSPQ0419
https://www.nxtbook.com/naylor/BSPS/BSPQ0319
https://www.nxtbook.com/naylor/BSPS/BSPQ0219
https://www.nxtbook.com/naylor/BSPS/BSPQ0119
https://www.nxtbook.com/naylor/BSPS/BSPS0518
https://www.nxtbook.com/naylor/BSPS/BSPS0318
https://www.nxtbook.com/naylor/BSPS/BSPS0218
https://www.nxtbook.com/naylor/BSPS/BSPS0118
https://www.nxtbook.com/naylor/BSPS/BSPS0617
https://www.nxtbook.com/naylor/BSPS/BSPS0517
https://www.nxtbook.com/naylor/BSPS/BSPS0417
https://www.nxtbook.com/naylor/BSPS/BSPS0317
https://www.nxtbookmedia.com