The IRS issued a warning to small businesses to increase their security standards. According to the IRS, more than 70% of cyberattacks are aimed at businesses with 100 or fewer employees. Typically, cybercriminals target credit card information, business identity information or employee identity information. Thieves may steal information to allow them to file a false business tax return for refund or engage in other scams with the company’s identity.
The Federal Trade Commission sets forth small business cybersecurity best practices. These include:
- Setting software to update automatically;
- Backing up important files;
- Requiring strong passwords for all devices;
- Encrypting devices;
- Using multifactor identification.
Small businesses may want to review the FTC’s information on cybersecurity for small businesses by clicking here.
