In 2020 alone, cyber-attacks cost government organizations $18.88 billion. Despite the clear dangers posed by threats in cybersecurity, many companies still believe in dangerous cybersecurity myths.

So what exactly are these myths, and what steps can you take to protect your company from cyber criminals? This article lists some of the main myths you need to be aware of.

Myth 1) Cyber Criminals Only Attack Big Companies

One of the biggest misconceptions about cybersecurity threats is that criminals only target larger companies. The reality is that hackers will target almost anyone if they think they can profit from it.

In fact, some hackers favor going after smaller companies. This is because small companies often have more cyber security vulnerabilities for hackers to exploit. Whether you’re a big or small company, you can’t afford to take any chances when it comes to your security.

Myth 2) Cyber Attacks are Only Caused by External Actors

Another one of the great cyber myths is that cyber-attacks are always caused by external actors. While this is often true, the most devastating attacks often happen when the criminals have someone on the inside.

If someone at your company works with hackers, it can make it much easier to break into your systems. For example, a worker might simply give cybercriminals their username and password.

In this case, having strong passwords or multi-factor authentication won’t help since the criminals have inside help.

Myth 3) Antivirus Software Will Always Protect You

A further misconception is that you just need to install antivirus software, and everything will be fine. While you absolutely need to have solid antivirus, you can’t rely on that to protect you from everything.

For example, if you’re dealing with an insider threat, no software is ever going to help you. Antivirus software should be a part of your protection system, but you also need to have robust security policies.

Security is also about things like backing up all your important files or setting permissions on workers’ accounts to ensure they can’t unnecessarily access sensitive material.

Myth 4) You Don’t Need Cybersecurity

Sadly, one of the most pervasive cyber myths is that companies don’t need cybersecurity. Many companies believe that since they’ve never been attacked, it won’t happen.

When a company like this does get attacked, they’re usually horribly unprepared for the fallout. In many cases, a cyber attack can be so devastating it can destroy your whole company.

Some business owners only realize the serious ramifications of a cyber attack when it’s already too late. The best approach to cyber security is a proactive one. Even if you’ve never been attacked, you need to be prepared.

Don’t Let Cybersecurity Myths Compromise Your Business

As you can see, believing in cybersecurity myths could have a devastating impact on your company. The reality is that every company needs to take these cyber threats seriously.

If you want to make sure your company is protected, it makes sense to work with a professional cybersecurity company. Connect with us for a FREE consultation to see how we can help your company stay secure at all times.