BBB Business Tip: The Top 5 Cybersecurity Practices Every Small Business Needs to Do Now

Cybercrime is a big problem for small businesses, and it’s only getting worse. 64% of global organizations have experienced at least one cyber attack, and for 2023, the cost of cybercrimes is forecasted to reach $8 trillion, with small businesses being a popular target. Some of the trending cybersecurity threats that experts say to be aware of in 2023 include:

  • Business email attacks
  • Malware and ransomware threats
  • Crypto scams and “pig butchering”
  • Cybercrime cash-out processes with cryptocurriencies
  • Crime as-a-service

Another study revealed that 88% of small business owners felt their businesses were vulnerable to a cyberattack, stating they didn’t believe they had enough resources to protect themselves adequately.

The only way to protect your small business from cybercrime is to take preventative action. Cybersecurity is no longer an option — it’s a necessity. It’s time to gather your team and develop a comprehensive cybersecurity strategy for your small business. The Better Business Bureau (BBB) thankfully have five tips to help small businesses protect themselves from cyberattacks.

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