Being a small business does not guarantee your safety from the prying eyes of hackers. In fact, hackers see small businesses as ideal victims because they are often unprepared and unequipped with the right protection. Cyberattacks tend to take advantage of your weak security to access customer credit card details and other sensitive business information, which they can use for email phishing or ransomware.
With the shift to the new normal, work is done at home, and major transactions are done online. Along with this, data breaches have risen significantly, where the FBI’s Cyber Division reported a 400% increase in daily reported attacks. This means cybersecurity for small businesses is more important than ever, and if you do not have data security measures in place, now is the time for you to prioritize your business’ cybersecurity.
Here are five things you can do to protect your small business from a data breach.
1. Set up an active antivirus and anti-spyware software.
One of the most common breaches of cybersecurity is through malicious software. This usually happens when a suspicious popup or an infected file is downloaded on your computer, which hackers then use to gather information through your computer activity. This is where antivirus and anti-spyware software come in handy as they run regular checks on your computer and block possible intrusions. Prevention is the first line of defense in safeguarding your data, and good security software can make a difference in detecting a potential breach before it happens.
2. Train your employees.
Reports show that 30% of cyberattacks against small businesses is through phishing, which means one click is all it takes for hackers to get access to your data. Having cyber-vigilant employees can make a big difference in strengthening your protection against cyberattacks. You can better equip them by educating them on the following:
- Setting up an email filter and identifying suspicious emails or attachments
- Having clear boundaries on what business and personal use are permitted on their devices
- Knowing the importance of regular password resets
- Implementing guidelines for accessing sensitive data
At the end of the day, the more your employees know about cybersecurity, the better they will be equipped to recognize possible phishing attempts and keep hackers at bay.
3. Use cloud storage.
Storing data on your own servers can pose huge risks because this leaves your valuable information vulnerable to hackers, especially if you don’t have proper security measures in place to stay safe from cyberattacks. A better option would be to use cloud storage because they store your information in an encrypted form that hackers can’t easily crack unless they have a key. On top of that, the risk of data loss is reduced as your business information is backed up on multiple servers, which minimizes potential cybersecurity threats and saves you significant losses in the long run.
4. Developing a cyberattack response plan.
Because reports show that cyberattacks happen just as often to small businesses as they do with big companies, it would be wise to include action plans in case of an internet security breach. It can be as simple as detailed steps on how to respond when a cyberattack happens and setting up protocols for your employees to follow. With the pandemic normalizing remote work, this is especially relevant if you manage a remote workforce who use their personal devices for work-related activities at home. Having a response plan can prove beneficial for you in decreasing the potential damage you might incur in the event of a hack.
5. Get covered by cyber liability insurance.
Data assets are just as valuable as physical assets, so the damage from a hack can be devastating for a small business. Reports show that more than half of hacked small businesses end up failing within six months because of losses from business interruption and legal and forensic costs. Coverage from cyber liability insurance can provide the financial protection you will need in the event of an attack so you can enjoy added security as you work towards the future of your business.
Start protecting your business now.
At Infinity Consulting Solutions, we understand the importance of safeguarding your data from potential security breaches. With the help of our human resources experts, we can connect you to the right people for the best cyber security solutions your business will need. Contact us today to take the first step in protecting your small business from cyberattacks.