THE BLOG
10/30/2014 04:08 pm ET Updated Dec 30, 2014

What Small Business Owners Need to Know About an IT Security Breach

Our lives are on the Internet. From paying your bills online to managing your email,
to sharing your Facebook status, our lives revolve around the web. If you are the
owner of a business or a freelancer like I am, a lot of your work and information is kept through a variety of internet platforms. Additionally, a lot of your transactions are internet based.

Even large companies with IT security teams such as Target, Home Depot, and even TJX Corp have faced security breaches in their database. Millions of clients' information was released, which leads to distrust of the brand. The impact of a security breach could cause a larger effect on your business due to a smaller client base. When you are small business owner, you most likely can't afford your own security team. However, you can do your best to prevent a security breach through a few simple tips. Here are some tips to help keep your business and brand secure:

1. Opt into a IT Security Service with for your computers

Your business is run through your computer. It holds transactions, client information, as well as personal information pertaining to your own business. Companies such as Dell offer programs that offer 24/7 client protection services to protect you against situations such as a possible virus or computer
hacking. This could save you money in the long run.

2. Look into Cyber Security Insurance

Cyber security breaches cost companies an average 9.4 million for one or more incidents. Most small businesses will declare bankruptcy before being able to pay off all of the clients' personal damages. Cyber Security Insurance offers policyholders protection against hackers, security breaches, as well as possible lawsuits in case an incident occurs.

3. Stay Informed

Read up on the latest security breaches and see if it affects you and your company. The Better Business Bureau isn't afraid to shed light on this matter. In fact, they offer tips to keep your business as well as your personal life secure.

4. Change Your Passwords Regularly

Make sure your passwords are different and they are changed regularly. If a hacker knows one password, it can potentially break into everything you own. By changing your passwords and differentiating them, you are giving your business a fighting chance to keep some information secure.