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Cybersecurity: 4 Simple Steps To Protect Your Small Business!


 

When most people think of cybersecurity risks, they envision large corporations or government agencies as the main targets. While those are the most lucrative prospects, they are also the most difficult. In actuality, most hackers are opportunists who are only interested in making quick gains. Small businesses have money and data, making them a low-risk, high-reward target. According to a 2018 analysis by Hiscox, cyber-related events cost small businesses an average of $34,604 per year, and just 52% of small businesses have a cybersecurity strategy.

The good news is that even the most basic cybersecurity measures are sufficient to deter the vast majority of would-be hackers. When confronted with major barriers, cybercriminals would rather move on to a less difficult target than attempt to overcome them. Of course, things aren't always so straightforward. To catch small business owners off guard, hackers are continuously changing their tactics and discovering new ways. Keep your cyber defense methods up to date if you want to stay one step ahead.


Safer Internet Day, which takes place across the country in February, brings together organizations and individuals with the goal of reaching as many internet users as possible and providing them with the tools and information they need to stay secure online. To that end, Black Forest Consulting has compiled a list of four simple strategies that small businesses may use to keep their company, staff, and clients safe from online risks.


Identify 


You must be able to recognize and comprehend the many types of threats before you can defend yourself and your company against cyber breaches. And, given the ever-changing nature of cybercrime, that involves staying on top of the latest developments. The following are some of the most common cybersecurity threats:


  • Malware

Malware (short for "malicious software") is a broad phrase that refers to the various methods used by cybercriminals to obtain access to devices, networks, websites, and, eventually, your data. Viruses that reproduce themselves across your system and other connected devices, as well as spyware that operates in the background of your device and tracks your internet activities, are examples of this. Other types of malware include keyloggers, which record keystrokes in order to steal data and passwords, worms, which replicate like viruses but aim to destroy data as they spread, and trojans, which masquerade as legitimate programs in order to gain access to modify, copy, and delete data as well as provide backdoor network access.


  • Phishing

Phishing is a type of social engineering attack in which users are fooled into downloading dangerous programs or submitting sensitive information by clicking on URLs that download malicious programs. Typically, you will receive a counterfeit email containing a malware-infected file or a link to a website that will download malware to your device. The link could also take you to a counterfeit website that asks for sensitive information like passwords through a form. Spoofed links on social media or posted photographs infected with malware can also be used to execute social engineering attacks on websites.


  • Ransomware

Ransomware combines social engineering and malware. Your device becomes infected with Trojan malware after clicking on a faked link or file. Once infected, the program will lock you out of your data or system until you agree to pay a ransom.


Plan


A cybersecurity strategy will outline the critical procedures that any company should follow in the event of a cyberattack. You'll be better equipped to reduce the harm if you act quickly in the face of a cyberattack. It's vital to know who to call, where to keep data and backups, and when to notify law enforcement or the public about a breach.


Educate


Employee training should be a component of any successful cybersecurity plan. The security of your data is just as good as your employees' understanding of current guidelines. Creating a security culture within your firm begins with training your employees to spot scams, understand data security rules, and follow security policies and procedures.


Keep security at the forefront by scheduling annual refresher classes. Assist your staff in understanding the necessity of keeping their software up to date and maintaining good password hygiene. Furthermore, because many people continue to work from home, verify that your staff adheres to security best practices when working remotely. When working from home, ensure that all employees utilize a VPN on their work devices to encrypt their connection and protect company data and communications.


Defend


Once you've implemented your company's cybersecurity strategy. Install and frequently update antivirus and antispyware software on every computer used in your business to safeguard information, equipment, and networks. Set the antivirus software to check for updates automatically at a time when the computer is not in use, such as at night, and then set the software to scan after the update.


Encrypt your Wi-Fi network with a password that is only known to you. You'll also want to hide your network, which ensures your router won't broadcast the name of your network. If you need to provide Wi-Fi access to customers or clients, you can create a "guest" account with a different password and security measures that prohibit them from accessing your primary network.


Back up the data on all of your company's computers on a regular basis. Word processing documents, electronic spreadsheets, databases, financial files, human resources files, and accounts receivable/payable files are all examples of essential data. Create a different account for each employee and make sure that each account has a strong password. Also, restrict employee access to data and information, as well as software installation authority.


Remember that cybersecurity is a preventative strategy; you must invest before anything bad happens to your company, not in response to something happening. More information, advice, and best practices for keeping your business safe and successful can be found here.



By: Victoria Harris

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