Old Technology Negatively Impacts Small Businesses
Security is a huge reason small and midsize businesses need to update their old technology. Hardware more than a few years old is probably out of date for many small businesses. Basic software also needs to be current. The HP 2015 Cyber Risk Report states that over 40% of attacks are the result of cyber criminals intruding through vulnerabilities that were discovered and patched 2-4 years ago.
Software such as Microsoft Windows, Adobe Reader, Adobe Acrobat, and Oracle Java are frequent avenues of intrusion. New vulnerabilities are identified every few weeks that impact many of the major browsers.
Customer perception is another significant reason to update your technology. A study by Boston Consulting Group showed that customers regard businesses with out of date technology to be less professional. Ninety percent (90%) of the consumers surveyed were likely to take their business elsewhere.
Old technology may still work, but it may not be efficient enough or versatile enough to meet the needs and perceptions of your customers.
Replacing computers is an expense, but the cost of recovery from being hacked is usually an even bigger expense. Losing customers to your competitors with current technology is bad business. Talk to your accountant to see how to best handle the financial investment to your business. Talk to your technology specialist to see how to handle software updates on a frequent schedule. Many software programs can be safely updated automatically.
To Learn More about cybersecurity in Small Business, tune in to our webinar, Key Steps After a Data Breach, Tuesday, March 31 at 2 pm ET. If you are interested in learning more about this webinar, click on Register for Key Steps After a Data Breach or if you want to Register Now Click Here.