The Three 'B's' of Cybersecurity for Small Businesses

"Large-scale cyberattacks with eye-watering statistics, like the breach of a billion Yahoo accounts in 2016, grab most of the headlines. But what often gets lost in the noise is how often small and medium-sized organizations find themselves under attack.

In the last year, half of American small businesses have been breached by hackers. That includes Meridian Health in Muncie, Indiana, where 1,200 workers’ W-2 forms were stolen when an employee was duped by an email purporting to come from a top company executive. Many small companies are just one fraudulent wire transfer away from going out of business.

There’s lots of advice available about how to fight cybercrime, but it’s hard to tell what’s best. I am a scholar of how businesses can more effectively mitigate cyber risk, and my advice is to know the three “B’s” of cybersecurity: Be aware, be organized and be proactive.

Here’s how more companies can boost their cybersecurity preparedness without breaking the bank."