As a business, you’re always at risk of potential fraud or cyber attacks, so how do you protect your business from them? In this blog, we will explain what a cyber attack is, why and how you need to protect your business against it.
What is a cyber attack?
A cyberattack is a malicious activity that attempts to gain unauthorised access to an individual's or organisation’s digital information with the aim of stealing, disrupting, or destroying data.
As a business, you are vulnerable to security risks and threats. We are in a digital age which offers many benefits and opportunities for businesses, but also has many risks.
Ways to protect your business from cyber attacks
Create cyber security policies - Establishing a cyber security policy will educate your staff of the dos and don'ts. They will be aware of which data to disclose and which to keep private. Along with defining rules for password generation, access management, and data sharing, this policy should include developing a data protection plan in case of a data breach.
Secure your network and data with security software and a firewall - Operating systems and security software should be updated automatically to patch security holes. Therefore, you and your team should never disregard update notifications when running a business. Furthermore, as firewalls serve as gatekeepers for all incoming and outgoing traffic, these ought to be deployed and not disabled.
Invest in measures to protect your customers - At all times, you need to safeguard the privacy of the data and information that your customers provide you. Therefore, companies should keep abreast with the best security in technology.
Implement email and web filtering - These are crucial steps in safeguarding your company. Email filtering entails setting up filters to exclude emails with dubious links and attachments as well as preventing any emails that appear to be spam or potentially harmful communications. Web filtering entails preventing access to websites that can endanger your network, by blocking malicious websites and those that are known to carry malware.
Back up your data - Data back-ups are among the most economical ways to guarantee that information is restored in the case of a cyberattack or computer issue. Businesses should employ several back-up techniques to assure the security of their data. These techniques include incremental daily back-ups to a cloud storage account or portable device, as well as weekly, quarterly, and yearly server back-ups.
Data encryption - The encryption process converts encrypted data into a secret code before it is transmitted over the internet. Because of this, companies that store and exchange data must enable encryption on their networks and data. Settings or programming on PCs and other devices can be used to do this.
Train your employees on cyber security - Employees are frequently the company's first and last line of defence against online threats. For this reason, they must be educated on how to identify, prevent, and handle a cyber attack.
Get cyber insurance - It makes financial sense for companies to obtain a cyber insurance coverage in today's increasingly digital business environment, since it helps cover the financial losses resulting from a cyber attack. This can also apply to claims brought forth by companies or people who may have suffered harm as a result of a company's actions or inaction.
In summary, companies must have plans in place to safeguard themselves from cyber attacks. This entails safeguarding your databases and networks, educating staff, formulating security guidelines and procedures, being able to distinguish between legitimate and fraudulent antivirus offers, educating customers, utilising firewalls, email and web filtering, anti-virus software, and malware updates, among other things. By taking these precautions, the chance of a cyber attack can be decreased.
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