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Top Ways To Protect Your Company Against Cyber Attacks

In Managed & Subscription Services, GDPR, Indirect Resellers, Direct Customers

It is a common misconception that small businesses are unsusceptible to cyber crimes, unfortunately it is only a misconception. Recent studies have highlighted an increase of cyber attacks on small businesses (approx. 250 employees) since 2011. According to a recent report by Verizon Data Breach Investigations, 58% of cyber attacks were targeted at small businesses.

Furthermore, 60% of these businesses collapse within 6 months of a cyber attack. Cyber attacks are becoming more and more sophisticated every year. Any SMB (small and medium-sized business) lacking an advanced security system is not only likely to become a victim to such an attack, but also another additional casualty in the list of businesses being forced to shut down.

However, there is no need to worry just yet. The need to emphasize the necessity of proper security has been made. Now we will explain what can be expected and how to protect your business from folding in.

 

Attacks That Can Be Expected

According to Cisco, the attacks most common to small and medium-sized business are:

Phishing:

A sophisticated attempt to gather sensitive business data through the use of deceptive websites and emails.

Malware:

Use of malicious software specifically designed to cause intentional damage and steal sensitive data. Examples of malware are: worms, viruses, spyware, and Trojan horses.

SQL injections:

A type of attack where hackers inject their malicious SQL code statements that gives the hacker access to or control of a business database. The SQL injections can be used to retrieve, manipulate, and delete data from the database.

Denial of service attacks (DOS):

Perpetrators disrupt a host computer or server by overwhelming the device through excessive spamming of messages or flooding the online service with traffic. This will crash the service, resulting in a vulnerable opening for the hackers an opportunity to take what they are seeking.

Man-in-the-middle attacks (MITM):

A MITM attack involves an attacker that gets in the middle of a communication to eavesdrop and secretly intercept the messages passing from one party to another.

Zero-day exploits:

A zero-day vulnerability is a weakness that arises in a computer software which is then exploited (normally on the day before it gets patched) to the hacker's advantage before it is discovered and resolved.

 

What Are The Risks?

  • Access to sensitive data
  • Loss of income and additional expenses to recover
  • Damage and manipulation to data
  • Potential blackmail after retrieval of sensitive data
  • Potential lawsuits if personal customer data is compromised
  • Reputation damage

How To Protect Your Business From Cyber Crimes

From a business point of view, it is important to take certain measures from the get go to prevent and handle attacks appropriately without too much damage occurring.

Update Software Continuously:

Hackers are working on improving their wicked craft everyday. In order to keep up with the latest cyber attacks without taking any (or too much) damage, it is vital to keep not only your technology updated, but your software too. Every software will receive continuous fixes and patches to deal with upcoming cyber threats.

Invest In An Antivirus Software

This goes without saying, an antivirus system is necessary for every device, whether it be a personal or a business device. Antivirus software protects devices against the malware listed above as well as phishing scams.

Train Employees

A business may have the best tech, updated software, and the best security systems in place, but the biggest vulnerability in any business lies in the people themselves. Research done by Infosecurity shows that 43 percent of data loss stems from internal employees who unintentionally gave sensitive data away or gave hackers access to business devices. Educate employees to identify suspicious emails, websites, and other phishing attempts.

Back Up Your Files Regularly

A cyber attack may or may not happen. And although you may be prepared for the worst attack, sometimes the reality is that the bad guys win. And when you lose, make sure you lose the round and not the game. In other words, always have a backup of essential and sensitive data. If anything happens to get compromised, you don't want your business to fold in simply because it did not make regular backups to a secure and remote location.

Additional Support

Ask for help. And ask for good help. Whether you need to protect your files, need assistance with backing up and restoring, or require a great security system or team, ask for help. Find a company that has your best interests at heart and one that will recover you from a cyber crime without hassle.

For any SMB to succeed in the modern economy, it is important to leverage new and updated software and technology. It is up to you to take responsibility for your business. So finding the most effective and affordable solutions and services that fit your business's outlook becomes very important. Make the right choice and eliminate the risk today!