Most Effective Ways To Boost Your Business’s Cyber Security in 2018

Most Effective Ways To Boost Your Business's Cyber Security in 2018

Your business relies on technology to operate, but every day, your company faces a variety of cyber security risks. Consider these statistics.

  • 43 percent of cyberattacks target small businesses.
  • Most businesses don’t detect network breaches for at least 6 months.
  • Global ransomware damage costs exceeded $5 billion in 2017.
  • Ransomware will affect one business every 14 seconds by 2019.
  • One email in 131 contains malware.
  • Every day, 230,000 new malware samples are produced.

Protect your business and clients when you address your risks and boost your cybersecurity in several effective ways this year.

Take Cyber Security Seriously

Get honest and real about your risks as you address your business’s cybersecurity. Whether you operate a retail store, create optimized videos or provide B2B consulting services, your network, devices and data, including employee information and customer payment info, are at risk.

Implement an Updated Password Strategy

The passwords your staff use may be vulnerable to hackers. Write and enforce a password strategy that hinders a cybercriminal’s ability to access your network and information. The best passwords include a combination of uppercase and lowercase letters, numbers and symbols. Additionally, use unique passwords for all websites, and change passwords at least once a month.

Use Virtual Data Rooms

Virtual data rooms (VDR) secure your company’s information and other sensitive data, including financial, legal, tax and intellectual property information. Use VDRs to simplify your company’s ability to share sensitive information between employees and with clients.

Update Operating Systems and Software

Always perform recommended updates on your operating system and software, and encourage employees to do the same. These updates often include security patches that close vulnerabilities and protect your business.

Secure Personal Devices

Your company may allow employees to use personal laptops, tablets and cellphones for work. These devices and the data they store may be vulnerable, though. Protect your data and devices when you encrypt shared data, limit access so that employees only access the data they need and separate business and personal data. Every device should also include a password.

Equip IT Workers to Fight Cyber Crime

Every IT worker you employ defends your company and must be prepared to fight cybercrime. These employees will protect your business’s data, devices, infrastructure and apps and educate employees, so hire trained IT workers and equip them with the tools they need to secure your business.

Educate Your Employees

Even though 78 percent of people know the dangers of clicking unknown email links, they do it anyway and expose their devices to malware. Regularly remind your employees to remain vigilant and follow security protocols as outlined in your company’s handbook. Host ongoing training also as you educate your employees on the importance of maintaining cybersecurity.

Back Up Files

Ransomware occurs when a cybercriminal takes your files hostage and require you to pay the ransom before you receive the decryption key and access to your data. However, you can back up your financial, personnel and presentation files and avoid paying the ransom. Implement a system that automatically backs up your data in a secure location hourly, daily or weekly depending on your business.

Address Internal Threats

Up to 55 percent of business cyberattacks occur from company insiders, including malicious employees or others who make mistakes that affect your company’s vulnerability. Protect your company when you carefully vet all potential employees. Then perform regular employee security checks, especially for employees who handle sensitive data. Decide this year to balance giving your employees freedom and watching their activities as you secure your company from internal threats.

Purchase Cyber Security Insurance

In addition to your commercial liability, property and auto insurance coverage, purchase cyber liability insurance. It covers legal and other related expenses your business faces if hackers target your company.

In 2018, your business can improve cybersecurity. Use these effective tips as you protect your company, clients and future.


Ashish Magar

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