Despite their critical economic role, many small and medium-sized businesses need more resources to protect against increasingly sophisticated cyber threats. Even with larger budgets, breaches are difficult to prevent entirely. The consequences of a data breach can be severe, including lost revenue, productivity, lawsuits, and regulatory fines. That’s why proactive detection and response services, like those provided by LibertyID, are essential to ensuring the survival of your business.
A Growing Threat
Some small business owners often underestimate the risk of cyberattacks, believing their size makes them less of a target. This assumption is dangerously inaccurate, as cybercriminals frequently target smaller companies because they tend to have fewer security measures in place. Many businesses only realize the importance of data security and breach response planning after an attack occurs, and by then, it’s often too late.
LibertyID’s Comprehensive Solutions
LibertyID offers a suite of services designed to make high-quality security accessible to small businesses, providing effective protection that doesn’t break the bank. These services include dark web monitoring, identity fraud restoration for employees and customers, and comprehensive data security and response planning.
One standout offering for any business is Security and Response Planning. LibertyID provides tools to help your company develop a Written Information Security Plan (WISP), offer employee training, and provide sample policies and resources. This level of preparation is critical in ensuring that your business can respond swiftly and effectively in the event of a breach, minimizing damage and maintaining organizational continuity.
Protecting Employees and Customers
One of the most significant benefits LibertyID provides is identity theft restoration services, covering employees and their families. Identity theft can disrupt employees’ work and personal lives, taking valuable time away from their jobs. LibertyID’s services extend to three generations of employees’ families, reducing stress and helping them return to work quickly.
In addition to employee protection, LibertyID offers the same level of restoration services for customers, which can be critical in mitigating the risk of class action lawsuits following a data breach. By providing identity restoration services to affected customers, businesses can reduce the likelihood of lawsuits and protect their reputations.
Ensuring Compliance and Reducing Regulatory Risks
In the aftermath of a data breach, regulatory compliance is paramount. Small businesses often struggle to navigate the complex regulations surrounding breach notification. LibertyID provides Regulatory Response and Client Notification Services to guide businesses through this process. A dedicated team ensures that your business remains compliant, helping avoid costly fines and ensuring swift, accurate communication with affected clients.
The Importance of Dark Web Monitoring
Dark web monitoring is another crucial service LibertyID offers. Many business owners are unaware that their employee’s email addresses may be listed on the dark web, putting their company at risk for identity fraud and future cyberattacks. LibertyID’s dark web monitoring service scans the dark web for email addresses associated with your domain and continues to monitor them 24/7. If a threat is detected, your business receives an immediate alert, allowing you to take proactive steps before an attack occurs.
LibertyID Business Solutions provides customer WISP protocols, advanced information security employee training, third-party vendor management tools, and post-breach regulatory response and notification services. This allows businesses to improve the safeguards surrounding their consumers’ private data and head toward a compliant posture in relation to the federal FTC and often overlooked state regulations. Along with the components mentioned, LibertyID Business Solutions includes our gold-standard identity fraud restoration management services for employees and their families.