• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Business

Why You Need Cybersecurity For Your Online Business

Contributor by Contributor
July 22, 2021
Share on FacebookShare on Twitter

Ecommerce has many advantages for entrepreneurs. It’s the reason why it continues to grow while brick and mortars appear rather stagnant by comparison. However, running an online business poses its own unique challenges. For one, your business will likely be targeted by hackers, cybercriminals, and even spies who wish to do harm to both you and your customers. To fight back against these threats, you need to invest in cybersecurity. Here are just a few of the reasons why online businesses need cybersecurity.

Also On TechBooky

Inside The Hack That Cost Crypto Exchange Patricia $2m

EU Approves Microsoft’s Acquisition Of Activision Blizzard

Uber Launches UK Flight Ticket Bookings

5 Reasons To Consider Using A VPN When Streaming Movies/TV Shows

Google Begins Rollout Of Passkeys Across Its Services

You Will Be Targeted by Hackers

One reason why online businesses have to invest in cybersecurity is that they will be targeted by hackers. According to statistics, 30,000 websites are hacked every day. It’s not really a question of if you’ll be hacked. It’s more of a question of when. If you are hacked, you should prepare for the worst. While some hackers hack websites for fun, many more do so to make a profit. They take a risk and breach a company’s network with the goal of defrauding the company or its customers. The results can be disastrous. However, with the right cybersecurity infrastructure in place, you will have the ability to fend off many such hackers and cut them off before they do any real harm to your business.

Cybersecurity Can Protect You From Lawsuits

Due to the fact that security breaches are so common for online businesses, it is expected that you must invest in cybersecurity to do business with the public. If you do not, this could be held to constitute negligence in a court of law. Many significant hacks target sensitive customer data like names, credit card numbers, street addresses, and more. This data is then sold to the highest bidder on the dark web. The data will then be used for identity theft and other forms of fraud. Your customers could end up being swindled out of thousands of dollars. At that point, they may come together and file a class-action lawsuit. The lawsuit won’t be against the hackers. It will be against your company. If you can’t prove you did your due diligence to prevent the hack, you could be on the hook for millions of dollars.

You May Be Targeted by Corporate Spies

However, the threats you face may not only originate from hackers in foreign countries overseas. In certain cases, they may originate from your own competitors. Corporate espionage is a bigger problem than most business owners realize. Many industries are cut-throat in regards to the stiff level of competition. If they see a way to gain an advantage over others in the market, they will take it. That may involve implementing hackers to breach the company networks of competitors to steal trade secrets. In other cases, they may hire someone to bug your office so they can overhear your plans regarding your business. An x-ray analysis may be required to discover bugs hidden in things like phones, calculators, USB chargers, and more. It can get that nefarious.

Cybersecurity Can Protect Your Reputation

The damage done by a hacker doesn’t end with the data that was lost or stolen. In many cases, the negative impacts can last for many years. If you’ve been the victim of a substantial hack, it can absolutely devastate your business’s reputation. Each news article regarding the hack can send out waves of bad PR that can continue reverberating for a very long time. In many ways, the internet is forever. The consumers you need for your company to make a decent profit may abandon you if they believe they will end up as victims of identity theft and other cybercrimes simply by purchasing your products. Even suppliers and vendors may end up becoming wary of you. Overall, there is no such thing as good PR emanating from a hack. Your only choice is to stop one from happening by making the proper investments into cybersecurity.

Cybersecurity is an absolute must for an online business of any size. If you sell goods or services online, you will eventually be targeted by hackers and other cybercriminals. You need to be as pre-emptive as possible in regards to stopping these threats. That requires making cybersecurity a priority in your company. If you don’t, the repercussions for you and your customers can be severe.

Related Posts:

  • Infographic: Cybersecurity Trends To Know In 2020
    Infographic: Cybersecurity Trends To Know In 2020
  • Top 7 Cybersecurity Trends In 2020 And How To Keep Up
    Top 7 Cybersecurity Trends In 2020 And How To Keep Up
  • Here Are 7 Cybersecurity Considerations In 2021
    Here Are 7 Cybersecurity Considerations In 2021
  • US And UK Warn Of Custom Malware Vulnerability On Cisco Routers
    US And UK Warn Of Custom Malware Vulnerability On Cisco…
  • Want To Grow Your Small Business? Start Accepting Bitcoin Payments!
    Want To Grow Your Small Business? Start Accepting Bitcoin…
  • 5 Big Security Concerns That Continue To Fester In 2021
    5 Big Security Concerns That Continue To Fester In 2021
  • Here Are 9 Ways To Prevent Fraud On Your Online Store
    Here Are 9 Ways To Prevent Fraud On Your Online Store
  • Kaseya Says Up To 1,500 Businesses Compromised In The Ransomware Attack
    Kaseya Says Up To 1,500 Businesses Compromised In The…
Tags: businesscybersecuritysecurity
Contributor

Contributor

Posts by contributors. You can send in a post to be reviewed and published to info@techbooky.com

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Nvidia Achieves $1 Trillion Market Cap, Joins Elite Group Of Tech Companies

Nvidia Achieves $1 Trillion Market Cap, Joins Elite Group Of Tech Companies

May 30, 2023
Africa Data Centres Plans Expansion To Ghana

Africa Data Centres Plans Expansion To Ghana

May 30, 2023
YouVerify Set Up Shop In Kenya To Lead KYC Automation

YouVerify Set Up Shop In Kenya To Lead KYC Automation

May 30, 2023
Inside The Hack That Cost Crypto Exchange Patricia $2m

Inside The Hack That Cost Crypto Exchange Patricia $2m

May 30, 2023
How Employers Are Creating Inclusive Remote Work Environments

How Employers Are Creating Inclusive Remote Work Environments

May 29, 2023
Google Has Started Allowing Users Experience Its Generative AI Capabilities In Search

Google Has Started Allowing Users Experience Its Generative AI Capabilities In Search

May 26, 2023
TikTok Grants Oracle Full Access To Code: A Strategic Move Explained

TikTok Grants Oracle Full Access To Code: A Strategic Move Explained

May 23, 2023
Neeva Announces Shutdown, Dimming Hopes Of Taking On Google

Neeva Announces Shutdown, Dimming Hopes Of Taking On Google

May 22, 2023
G7 Urges Global AI Regulation And Emphasizes AI’s Creative Potential

G7 Urges Global AI Regulation And Emphasizes AI’s Creative Potential

May 22, 2023
Apple Is Introducing End-To-End Encryption To iCloud Backups

Apple Bars Its Employees From Using ChatGPT

May 20, 2023

Browse Archives

June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 17,655 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (291) amazon (95) android (294) app (640) Apple (487) artificial intelligence (311) business (386) china (117) cloud (137) cryptocurrency (162) ecommerce (111) enterprise (253) facebook (475) gadget (473) gaming (167) google (571) government (392) guest post (109) instagram (140) internet (374) ios (256) iphone (215) microsoft (274) mobile (305) new feature (314) nigeria (281) privacy (141) research (134) samsung (145) security (381) smartphone (245) social media (696) software (437) startup (272) streaming (144) telecom (159) tips (347) transport (107) twitter (231) united states (201) users (149) videos (116) website (166) whatsapp (132) youtube (109)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
  • Trending
  • Comments
  • Latest
Download Free Editable Resume Templates – Word / Docx – 2022

Download Free Editable Resume Templates – Word / Docx – 2022

July 25, 2022
The Best Free PC Games

The Best Free PC Games

July 29, 2022
[Fixed] “Outlook Running Slow Windows 10” Issue

[Fixed] “Outlook Running Slow Windows 10” Issue

February 12, 2020
How Can We Unlock VBA Project Password Without Hex Editor?

How Can We Unlock VBA Project Password Without Hex Editor?

December 23, 2020
cloud

5 Reliable Cloud Storage Solutions for Small Businesses

3
See the  leaked windows 9 User interface  screen shots

See the leaked windows 9 User interface screen shots

2
Could Vertical Farming Be The Answer To Hunger In Africa?

Could Vertical Farming Be The Answer To Hunger In Africa?

2
How To Confront Data Center Security Threats With Key Management

Here’s A List Of Possible Suspects In Today’s DDoS Attacks – The US Government Is Now Investigating It Too

2
Nvidia Achieves $1 Trillion Market Cap, Joins Elite Group Of Tech Companies

Nvidia Achieves $1 Trillion Market Cap, Joins Elite Group Of Tech Companies

May 30, 2023
Africa Data Centres Plans Expansion To Ghana

Africa Data Centres Plans Expansion To Ghana

May 30, 2023
YouVerify Set Up Shop In Kenya To Lead KYC Automation

YouVerify Set Up Shop In Kenya To Lead KYC Automation

May 30, 2023
Inside The Hack That Cost Crypto Exchange Patricia $2m

Inside The Hack That Cost Crypto Exchange Patricia $2m

May 30, 2023

Recent News

Nvidia Achieves $1 Trillion Market Cap, Joins Elite Group Of Tech Companies

Nvidia Achieves $1 Trillion Market Cap, Joins Elite Group Of Tech Companies

May 30, 2023
Africa Data Centres Plans Expansion To Ghana

Africa Data Centres Plans Expansion To Ghana

May 30, 2023
YouVerify Set Up Shop In Kenya To Lead KYC Automation

YouVerify Set Up Shop In Kenya To Lead KYC Automation

May 30, 2023
Inside The Hack That Cost Crypto Exchange Patricia $2m

Inside The Hack That Cost Crypto Exchange Patricia $2m

May 30, 2023
How Employers Are Creating Inclusive Remote Work Environments

How Employers Are Creating Inclusive Remote Work Environments

May 29, 2023
Google Has Started Allowing Users Experience Its Generative AI Capabilities In Search

Google Has Started Allowing Users Experience Its Generative AI Capabilities In Search

May 26, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite