Challenges Small Business Face on Data Privacy

August 2, 2022

DataPrivacy: The Biggest Challenges Small Business Face

                             

Small businesses have a wealth of data, and cybercriminals target them for that reason. Likewise, they attack them because they understand that most are unaware of how to guard their privacy or have the mechanisms to do so.

Some business owners used to think they could not suffer an attack because they own small businesses. However, a recent survey by the U.S SBA (Small BusinessAdministration) has proven otherwise. The survey shows that 80% of small business owners feel their businesses are prone to cyber-attacks. 

This blog post will examine small businesses' common privacy challenges and how to tackle them.This will help us to answer the frequently asked question, "why is data privacy important to businesses?"

5 CommonData Privacy Challenges for Small Businesses

Running a small business is a challenge; maintaining the business' privacy is another. Here, we shall outline some of the data privacy challenges you might encounter as you strive to maintain your privacy.

Unethical Device Users

Some employees careless about the activities they carry out with the company's devices. At times, they visit unsafe sites, while some even access pornographic content with the company's devices. 

When this happens, the company's private data could get into the hands of the bad guys. For instance, hackers could exploit the device's IP (Internet Protocol) address, MAC (MediaAccess Control) address, location, and other private data to steal the company's sensitive information.

Differing Privacy Laws

Privacy laws exist to protect users' privacy on the internet. However, they differ from place to place, just as the constitution of different countries are not the same. 

As small businesses try to protect their customers, they could encounter challenges when applying privacy laws. This could be when ascertaining which law applies to and how to use them effectively.

Security Threats

Bad actors in cyberspace launch several attacks on small businesses. Some of these attacks include ransomware, malware, phishing, etc. Most of these attacks center on data privacy. Hackers want to get into your database to steal and expose your data. 

Data Protection Costs

The money small businesses need to maintain their privacy is another big challenge. Even though small business owners know that a data breach would cost a fortune, they do not have the financial capacity to protect their data. 

Embedding Data Privacy

Including data privacy in every plan is not a strong point for many small businesses. Some of them only include data privacy IT plan while they neglect other areas. At times, they neglect staff training and data strategy.

How toTackle Data Privacy Challenges in your Small Business

Data privacy challenges could stem from two sources – the business and bad actors. So let us look at ways to tackle them.

Set Rules

Your company should not be a place where anything goes. Neither should your employees use the company's devices whichever way they see fit. 

Lay some ground rules on the kind of sites they can visit and the activities they can engage in with the office devices. You could also monitor the users to see if they follow the rules. Doing this will add an extra layer of security to your privacy.

Understand Privacy Laws

As different regions have how they want their citizens' privacy protected, privacy laws cannot be the same. So, research which laws apply to your business' area and its target customers. 

Likewise, study the provisions of the law thoroughly. This will give you a grasp of what the law requires from you. Then, if you have trouble interpreting the law, you could request legal assistance. 

Data Protection

Data protection is how you secure your company's and customers' privacy. It gives you the security you need from every threat, risk, and attack on your privacy. In addition, it saves you the legal & financial hassles and the traumatic experience that data breaches bring. 

Set Aside some Funds

You do not need all the funds in the bank to protect your privacy and that of your customers. Start by setting aside some funds to buy antivirus software, encryption tools, firewalls, backup devices, etc.

If you can't get these tools at once, try to get them one after the other. Then, before you know it, you would have all you need to secure your systems. 

Moreover, you have to invest in periodic staff training. This training will educate your employees on operating, updating, and testing your data protection tools. 

Have a Data Strategy

A data strategy will help you organize your efforts to implement and maintain your data security. It will also help you set up a standardized process for protecting your company's and customers' privacy.

Data privacy and protection have come to stay. Therefore, every small business, including yours, must maintain its privacy and protect its data. At Zendata, we can help you overcome all data privacy issues you are experiencing. 

Reach out to us with your privacy and protection needs today.