Nowadays, cybersecurity is among the most essential facets of a business. Finally, firms have begun to invest in training and cyber defense. Regardless, in spite of the efforts to make firms cyber secure, some myths and misconceptions remain concerning cybersecurity. Here are the top five.

Cyberattacks don’t happen in the physical world

Many people mistakenly believe that cybersecurity is only necessary in the virtual world. In fact, physical security is an important part of cybersecurity. If an individual’s or company’s computers or other devices can be breached physically, it is easy to tap into their virtual network.

A strong password provides security

In today’s world, even a drawn-out, complex password is not guaranteed to protect you. These days fast programs exist that can test billions of passwords per second. Additionally, hackers have elaborate means of determining passwords used in password creation. That is why you should update your passwords frequently and use two-factor authentication.

Only big businesses have to worry about cyberattacks

This is a dangerous misconception. Any business, big or small, is vulnerable to attacks. In fact, small businesses account for over half of all data breaches. It is vital to the future of your business to make sure that you and your employees are cyber-literate.

My insurance covers breaches from cyberattacks

Not true. The majority of insurance companies do not cover firms when data breaches occur. Although a few policies may cover monetary losses that happen due to a breach, the majority of policies will not.

Hence, while shopping for business insurance, be sure that your policy will compensate you in case of a data breach. Cybersecurity and insurance can be purchased separately. Buying data and cyber insurance is a worthwhile investment.

The IT staff can handle it

The IT staff is responsible for reviewing and implementing policies, but they cannot do everything. Cybersecurity is the responsibility of every employee. If not trained properly, an employee might accidentally download malware through websites or emails.

Hopefully, this article has helped you to understand cybersecurity better. The idea here is to keep you informed. Knowing the facts about cybersecurity and how cybercriminals work will help you stay protected.