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Why Associations Should Protect Against Cyber Attacks

When cybercriminals target big businesses like Yahoo! or Microsoft, it always makes the evening news. But what about the business associations that are just as vulnerable to these hackers? 

A business membership organization handles just as much data as a multinational corporation—names, Social Security numbers, and other valuable financial information. When hackers steal this data, there are ramifications not only for the affected association but for all the businesses that shared information with that organization. 

Here’s why business associations should invest in cybersecurity services to protect against cyber attacks.

Associations are As Much at Risk of Cyber Attacks as Businesses

The media rarely covers the threat of cybercrime to business associations, but hackers steal data from membership groups all the time. Take the Small Business Administration (SBA), which suffered a major data breach after hackers infiltrated its loan program application system. 

Cybercriminals not only took data from the SBA but nearly 8,000 businesses that shared information with the organization. If hackers could steal data from a large government-related organization like the SBA, imagine the danger they could do to an association with a much smaller tech budget. 

Cybercrime Could Damage the Reputation of an Association

Cyber attacks often damage relationships between associations and their members because the ramifications trickle down to individual businesses. Imagine if an association had 1,000 members. 

Now imagine those members provide the association with their most valuable data. If the association suffers a data breach, it could affect all of its members. In this scenario, individual businesses could suffer the consequences of a data breach because of circumstances out of their control. 

Cyber Attacks are Costly

The average data breach costs an enormous $8.19 million. That’s an expense many associations, which often rely on fees from members, can’t afford. Some associations will never financially recover after a large-scale data breach, and, again, this can have ramifications for all members who rely on their services. 

Final Word

Cybercrime is on the up, and business associations are just as at risk as any other organization. These associations should protect themselves against cyberattacks or face financial losses and reputational damage. Working with a full-scale IT company provides a solution to the above problems.

Envision Consulting serves business associations and other organizations in Virginia, Maryland, and Washington D.C., with managed IT and cybersecurity services that reduce the risk of data breaches. Set up a meeting to learn more. 

Envision Consulting

Envision Consulting

We started Envision Consulting for businesses that share our passion for building long- term and healthy relationships. While we might be technology experts, we’ve always known that trust, reliability and looking after a client’s best interest are paramount to succeeding in business. But in 2001 and to this day, there were few managed IT providers available that embodied our customer-centric values. There were countless support companies more interested in reacting to issues than paving the road forward for clients, making it far too difficult to build long-term relationships. We felt a strong pull to make something different, and we did.