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6 Sure Fire Tips For Protect Your Business from Cyber Security Threats

Imagine starting a new business with all the money you have. You are putting everything on the line to make your business succeed cyber security attacks Unfortunately, you tend to believe in the myth that cybersecurity attacks only target large scale enterprises. Thus, you neglected the cybersecurity aspect of your small business.


This mindset led to your downfall as your business came under a deadly cyber attack, costing you thousands of dollars and the reputation. The cyber attack brought your business down to its knees and you are unable to fully recover from it even today. In reality, small and medium size businesses are the target of almost half of cyber attacks.

According to Verizon Data Breach Investigation report, 43% of cyber attacks target small businesses. What’s even worse is the fact that many small business owners have reduced their cybersecurity spending, which makes them more vulnerable to cyber attacks.
How can you protect your small business in such a situation? In this article, you will learn about proven tips to keep your small business safe from hackers and cyber criminals.

Educate and Train Employees

Your employees are the weakest link in your cyber security puzzle and hackers are aware of that. They constantly look for ways to trick your employees in to giving out their sensitive information. For this purpose, they use social engineering attacks, asking your employees to share sensitive information such as passwords and credit card information while pretending to be a friend or family member or a legitimate source.


You can easily protect your employees from falling prey to these social engineering attacks by educating them. Invest in a training program that tells your employees how to spot a social engineering attack and save themselves from it. The more aware your employees are about these types of attacks, the less likely they are to become a victim of such attacks. Test their knowledge and awareness by running a mock social engineering attack and see which employees fall in the trap and which don’t.

Have a Password Strategy


Did you know that most cyber attacks succeed due to weak passwords? Yes, it might be a bit of a surprise for you but that is the fact. Create a well thought out password strategy and implement it to make your passwords hacker-proof. Force your employees to use strong passwords with a mixture of alphanumeric and special characters. Never use dictionary words as your passwords as they can easily be cracked by hackers. Implement multi factor authentication for added security. Make sure they use different passwords to login to different apps. Use a strong password for admin accounts as they are the primary target for hackers. By following best password practices, you can make it tough for hackers to get access to your accounts.

Use Secure Communication Methods


Most businesses use third party tools for internal communication whether it is instant messaging, video calling or emails. That is why they are more vulnerable to cybersecurity attacks. Cyber attackers can use man in the middle attack to intercept your communication. To solve this problem, businesses must use a secure mode of communications. You will be amazed to know that fax is the most secure method of communication in the business world. This might seem a little outdated but from a cybersecurity standpoint, it still works. Even if you are using emails, make sure that you use email security tools that can filter out spam and malicious messages.

Take Regular Backup of Your Data


Whether you save your data on premise or have it stored in the cloud, it is important to take frequent backups of your data. If taking a backup of your data daily seems cumbersome, you can automate the process or only backup sensitive data or run weekly backups. Hackers can launch ransomware attacks to steal your data and blackmail businesses into paying ransom to get their data back but if you have a backup of that data, cybercriminals cannot blackmail you. You can easily restore the data from the backup.

Keep an Eye On Internal Threats


Believe it or not, 31.5% of attacks are carried out by insiders and 23.5% of attacks are conducted by inadvertent actors. Add these numbers and that could accumulate into a whopping 55% of attacks coming from inside your organization. While you are busy protecting your small business from external threats, you can not afford to ignore internal threats.
Keep an eye on internal threats and take measures to strengthen internal security protocols. Monitor what your employees are accessing and implement stringent authorization controls to minimize the risk of internal threats. Constantly monitor employees that have access to sensitive data. If you find any suspicious activity, report it immediately before it is too late. Punish employees who are involved in malicious activities.

Monitoring and Reporting


Keep an eye out for suspicious activities in your network and raise the red flag as soon as possible. Invest in robust DDoS protection to ensure business continuity. Establish a reporting mechanism that allows employees to report any suspicious act to concerned departments so they can take the action immediately and reduce the risk of financial damage and data loss. Implement a firewall that acts as a gatekeeper and allows only legitimate traffic to pass through while blocking malicious traffic.


Conclusion


Small businesses are as vulnerable to cyber attacks as large scale enterprises, if not more. Cyber attacks are more targeted, sophisticated and dangerous than ever before. That is why it is important for small businesses to take cyber security seriously, increase their cybersecurity spending and take steps to safeguard their digital assets. Small steps such as using strong passwords, educating and training your employees, taking regular backup of your data and using secure mode of communication can significantly reduce the risk of cyber security attacks.
How do you keep your small business safe from cyber attacks? Feel free to share it with us in the comments section below.