Many of us rely on connectivity to live, work, shop and access information. For business owners in particular, online technologies can help with reaching new consumers, expanding business and running everyday operations, such as banking, payroll and inventory management. Though there are several advantages to being online, in this digital age, you must be prepared to safeguard your business from potential cyber threats.
While it’s easy to believe that your company is too small to attract the attention of cyber criminals, merely being connected requires you to protect your business from vulnerabilities. Small and medium-sized businesses, which are less equipped to withstand attacks, are popular targets. More than 40 per cent of small businesses that experienced a cyber attack in 2021 reported that it cost them at least $100,000, a four per cent rise from 2019.
Investigate your options for business protection if you’re considering growing your digital footprint. The Boost Your Business Technology grant is an initiative designed to help with that. It provides $15,000 grants and zero per cent interest loans to help qualifying businesses adopt digital solutions for securing corporate operations, safeguarding valuable assets and fending off cyber attacks.
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