October 24, 2023
Gas & Electricity
Cyber attacks can occur regardless of the size of your business, so small business owners must recognise that they are not immune to cyber-attacks. According to Accenture’s cost of cybercrime study, enterprises of all sizes, especially small and medium businesses, are increasingly targeted and attacked by cybercriminals.
Small and medium businesses have a unique set of cyber security challenges due to the frequency with which security threats appear as legitimate incidents, the significant impact they can have on their businesses, and the limited resources they usually have at their disposal to deal with recovery from incidents. Known as the Domino Effect, this cascade eventually leads to bankruptcies.
Business owners should take steps to establish strong cyber security frameworks within an organisation to protect themselves against cyber attacks. Cyber attacks can cause significant damage if abnormal behaviour’s are not monitored and corrected as soon as possible. Additionally, businesses should test their existing capabilities and prepare for the worst.
As a business owner, you should be prepared for the different types of threats. A subsequent amendment to your online security policy will help communicate this to your staff. Cyber-attacks can compromise remote businesses. You can obtain data protection through various cyber security assessments.
Cybercriminals continue to be relentless and opportunistic in their pursuit of exploitative security vulnerabilities. Furthermore, cyber-attacks can be extremely costly and place businesses of all sizes under significant financial strain. Businesses need to take proactive measures to help manage these risks, including implementing cyber security policies.
Cyber security services for small businesses cover sensitive data, Personally Identifiable Information (PII), Protected Health Information (PHI), personal information, intellectual property, and other information systems used by government and corporate institutions. Most importantly, it is a protection from all types of data theft & damage that underpins the overall health of your business.
In the past few years, almost every industry has been breached, making cyber security companies increasingly important for governments and organisations worldwide.
With the advent of remote working, cyber security plays an increasingly important role in helping small and medium businesses establish strict data security measures. They also play a key role in restoring confidence in conducting remote and online business activities.
Today, cyber threats are on the rise, and attacks are becoming increasingly sophisticated. For multinationals, an attack can be a costly setback, but it can be disastrous for small and medium-sized businesses. Small businesses could be put out of business if they lose vital information, such as coveted trade secrets or confidential customer information. That’s why enterprises need business cyber security solutions in 2022, and Select and Switch can help.
The first step is identifying the devices and assets (including data) that need protection and monitoring. Assets that go undetected cannot be protected, so visibility is essential for all assets within the organisation.
As software is developed by humans, it is susceptible to bugs, so it should be patched and updated regularly. Programs with higher complexity and more functionalities are more likely to contain code errors that can be exploited for malicious purposes.
Devices and network users generate logs based on events generally related to a specific sequence or activity, which provides visibility and traces events. As such, audit and event logs should be examined regularly to minimise the probability of theft and breaches.
Inspires Consumer Confidence
You can inspire trust from your customers as long as you can convince them that their personal information will not be compromised.
Through cyber security for small businesses, you can keep your system protected from malicious threats such as malware and ransomware.
Cyber security solutions for small business enables you to keep your data safe, reduce the possibility of cyber-attacks infiltrating your business, and maximise productivity.
Protection for Your Customers
If your business is protected against cyber threats, you will also protect your customers, who may be vulnerable to a cyber breach by proxy.
Stops Your Website
From Going Down
An infected computer system could force your website to close, resulting in lost revenue. A small business cyber security assessment will help you mitigate this issue.
Security Culture – Cultivate a security-conscious culture in your organization. Place cyber security at the top of your priority list, since a single breach could cost your company millions of dollars.
Network Security – You need a network security strategy to protect your computer network, i.e. the devices and data under your administrator’s control, from being unauthorized and misused.
VPNs and Firewalls – Invest In Security Products Such As VPNs And Firewalls. When properly implemented, these defence lines can be extremely effective.
Data Backups – Backup your business data multiple times. You’ll have a backup plan in case of a ransomware attack, a natural disaster, or other events that prevent you from accessing your data.
Encrypt sensitive information – When storing or sending data online, make sure you encrypt it. Prior to transmitting your data on the internet, encryption converts it into a secret code. Consequently, theft, destruction, or tampering are reduced.
Multi-factor authentication system (MFA) – It is a security procedure that verifies your identity by requesting two or more pieces of evidence. A system will, for example, send you a password and code before granting you access. It makes it harder for attackers to access your device or account by providing an additional layer of security.
Segmented and Limited Access – A company’s systems and data should be segmented and accessed by a limited number of employees. Many people assume that all cyber attacks originate from malicious external sources, but a significant percentage of threats originate from within the organisation.