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How do you keep your business secure from cyber-attacks?

Everyone, especially businesses, is reliant on technology to make their lives easier.
However, with such widespread use of technology comes the responsibility of safeguarding
your data and IT resources. Data loss is inconvenient and can lead to serious difficulties.
Your company will face numerous issues, ranging from data leaks to reputation loss. “In the
cyber community, there are two categories of companies: those that have been hacked and
those who don’t realize they have been attacked,” PayPal CEO Dan Schulman stated.
Cyber criminals will do whatever to profit from your data, including blackmailing you, selling
your data, and even attempting to steal your identity and use it fraudulently.
Small businesses are an obvious target for cyber criminals because they know you may not
have the resources to invest in security, and then those businesses can also serve as a
backdoor for them to reach larger partners.

What are the impacts of a cyber-attack?

The outcome of such an attack depends on the sort of cyber attack and the type of business
you run. If you own a small hotel, for example, an assault on your system could result in the
disclosure of your customers’ financial information, such as credit card numbers. As a result,
you must educate and recompense your customers about the situation. You’ll eventually lose
money, clients, and your reputation. Cyber attacks pose the following risks:
1. Repaying customers for larceny of banking or credit card information
2. Flops due to business disruption (i.e., closing down operations while an investigation
is underway)
3. Preparation costs for new devices, software, or security systems.
4. Reputation harm, customers or partners will feel insecure dealing with you, so you
might also lose potential customers or partners.
Cyber attacks can be fatal for some small enterprises. Because they are unable to recover
from their losses. They will eventually go out of business because they lack the resources to
improve their systems or recompense customers.

How can we protect ourselves from cyber-attacks?

“An ounce of prevention is worth a pound of cure,” the Arabs say. Here are some
suggestions for improving your cyber security:

Raise staff awareness:

According to a CNBC survey, 47 percent of data breaches in firms are caused by human
mistakes. As a result, businesses should provide cyber-security training to their staff, such as
being cautious while dealing with links and emails.

Check to see if your hardware and software are up to date:

Most of us believe that updates are automatic, and this is true for Windows-based devices.
However, some equipment, such as wireless routers, printers, scanners, and other company
gadgets, must be manually updated. It is critical to keep your systems up to date to keep
them safe.

Set strong passwords:

The stronger the password, the harder for hackers to breach you. Setting a strong 20
character password that contains, numbers, letters, and symbols is an important step to
securing your systems.

Implement two-factor authentication (2FA):

This step is a wise business strategy that protects you and your customers. Besides
username and password, asking customers and users or anyone who tries to log in to your
system for extra information to verify who they are is an important strategy to protect yourself
and your users.

Back up your data:

This is one of the most crucial procedures for any organization, not only because of cyber
threats, but also because data might be lost due to a system or server failure. There are
various backup options; some people choose to save their backup data locally, while others
prefer to store it in the cloud; in either case, backing up your data is critical.

Select the best cloud service for your company:

In the corporate sector, cloud computing is a successful and secure outlet to reduce
expenses and access technology resources conveniently. Cloud computing is a new and
inventive technique that has transformed the traditional view of IT resources for everyone,
especially entrepreneurs. There are numerous cloud providers, and you must consider the
following factors before selecting one:
– Will they be in charge of data backups?
– Will they provide the option of using two-factor authentication?
– Will you be notified if there are any security breaches?
– What is their approach to public safety?
– What are their server’s locations?

Create a strategy for when things go wrong:

Knowing what to do next after a cyber security breach can help you and your team respond
swiftly and efficiently.

Make sure that antivirus software is installed properly:

Antivirus should be installed on all companies’ devices, not just on corporate devices. Also, it
has to be updated regularly.

Control Access on your system and devices:

The more access you give, the more risk you might face, so you must give access depending
on the tasks.

Whats next?

For any business, seeking professional assistance is always the best option. A good IT consultant can assist you with the best strategies and plans to secure your networks and IT infrastructure.

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