Cybersecurity and it’s importance has only increased alongside the trending popularity of utilizing cloud-based technologies.
Do you think your business is at risk of being hacked?
Cybersecurity is now as crucial as ever as threats to businesses and organizations keep growing day by day. A simple hack to some systems has pushed several companies out of business. Ransomware, phishing, and other malicious attacks could easily cost one’s livelihood, which is why prevention is highly crucial.
Your business is at risk when you are unprepared for a cyber attack. Hackers can steal money, employee details, customer data, and vendor information. A data breach can damage your relationships with employees, customers, and vendors. And, approximately half of small businesses that have a cyber attack go out of business within six months.
Cybersecurity is imperative!
Cybersecurity Threats Keep Coming
Ever since companies began storing and hosting information online, cybercriminals have been working to steal that data. Phishing, ransomware attacks, internal hacks, and more are common buzzwords across industries worldwide. And criminals are always busy developing new and improved ways to access and steal information they can use for nefarious purposes.
Smaller Businesses – A Growing Target
As security measures are created to prevent these types of attacks improve, cyber criminals target smaller businesses, which are less likely to have deep pockets. These criminals may be gambling on the likelihood that smaller enterprises are slacking in building a well-rounded security protocol.
For this reason, small businesses need to take extra caution moving forward to safeguard their information from cyberattacks. That means potentially spending larger dollar amounts on insurance premiums.
In addition, as cybersecurity incidents have increased, many insurance companies have added minimum security standards that must be met in order to qualify for coverage. The fact that up to one-third of businesses are denied insurance coverage could signify the lack of current security standards.
How to Increase Cybersecurity for Your Business
Aside from adding the services of a cybersecurity firm (Goliath Cyber Security Group) to your operating expenses and investing in the right kind of insurance, there are some common sense steps businesses can take to decrease their chances of becoming a victim of a cyber-attack.
And while nothing on this list guarantees complete protection, the combination of a few standard procedures will create a culture of security that becomes second nature.
- Train employees on security procedures and potential cyber threats
- Install firewalls for internet connections
- Set security standards for mobile device users
- Backup data multiple times
- Secure Wi-Fi networks from unauthorized use
- Reevaluate financial systems and establish best practices for transactions
- Limit access to computers, data, and networks
- Use encrypted passwords and multi-factor authentication
- Run frequent security checks and assessments
- And more….
Check your Cybersecurity plan often, recognize where safeguards are lacking, and implement changes as soon as possible.
Contact the Goliath Cyber Advisory team and discuss how we can help protect, your bottom line, your employees, and your customers – as well as your business.