Hackers have been known to break into big corporations, with all their investments and attention to cyber security. So, what would be the fate of smaller companies that cannot afford the sort of protection big corporations have? Do hackers exempt small companies? With all your business worries, sadly you will have to add concerns about cyber security if you do not want a hack that would threaten your business. You may read this article for more insight on this subject.
The threat of cyber-attacks continually loom menacingly. While it looks like the big names are on the major receiving end because of headlines that often highlight serious data breaches in government agencies and large corporations, the everyday experience is far much scarier. The overwhelming majority of those being hacked are small businesses. Statistics from Verizon puts the data of attacks affecting small businesses at 40%. Why is it so? The answer is not farfetched: small businesses are usually under-protected.
The Internet; Advantages and Disadvantages
The internet makes it possible for all sizes of businesses operating from any location to access new and growing markets. It presents opportunities for greater efficiency, which the aid of computer-based tools makes possible. Every business soon realizes that it doesn’t matter if it is about the adoption of cloud computing services, mere emails or operating a website, cyber security has to be a major inclusion in the plan.
With digital information theft exceeding physical theft, resulting in it being the most reported fraud, small business actors cannot afford the disruptions to their operations that are due to these. It is the responsibility of every business using the internet to create an atmosphere of security that in turn boosts confidence in both consumer and business.
It is good news that adequate security is still within reach of small actors. Good investment now in cyber security framework is sure to guarantee big savings at the end of the day. The first step though is to have a good appreciation of the cyber threats your business faces. With this understanding, you will be in a better position to know what cyber security structures to put in place.
Cyber Threats to Look Out For
Some of the threats your cyber framework will face will come from some examples we’ll list below. You can however find more examples here: https://www.entrepreneur.com/article/351603.
- Ransomeware –this software is known for publishing private data or other data that could harm your business if a reward in cash is not given. For small businesses, this is one very big threat they can encounter. In fact, it is estimated that it makes one-quarter of malware-related breaches that occur.
It is tempting to just pay the ransom so that business can resume as before. However, once breached, a business can be breached over and over again. Antiviruses are helpful and necessary in protecting from sophisticated attacks. Beyond this, low-level ransomware attacks can be prevented by regular operating system updates.
- Phishing – There has been occasions Microsoft has warned of elaborate phishing schemes. You should not fail to pay attention. Phishing occurs when an intruder poses as an administrator or another user within the business. This has become rampant in our digital economy. Securing internal communications provide the lone way to safeguarding against phishing. Email encryption, constant channel management and attentive user management must be compulsory.
- SQL Injection – Reports from Kingfisher Technologies indicate that 26% of small businesses have experienced SQL injection attacks in the past year. Somehow, it remains the least discussed threat. SQL injection is a bit more sophisticated than other threats discussed here. It is basically about the insertion of codes into the site from the SQL (database-focused language). By doing this, data retrieval is manipulated.
Older languages are more vulnerable to SQL injection assault. This is same with applications and sites that don’t get regular updates. Dealing with this sort of attacks is something for the experts, but being up to date in your cyber outfit is also advised.
- Denial-of-Service – DoS attacks arise from mischievous persons channeling excessive traffic and extreme server requests at a website, and in the process halting its activities. Enhancing server capacity and on-the-ground computing capacity can be of help. However, investing in digital solutions that can stop them is the best way out of the problem.
Some Effective Solutions against Cyber Attack Threats
Having seen some threats that your business is faced with, what can you do about them? In mentioning the threats, solution were mentioned in some instances, however you can find more ways to secure your concern below:
Set up cyber security habits and policies with your staff. To achieve this, there must be penalties for defaulting company’s security guidelines. Staff should be trained on these guidelines and made to know the importance of things as little as strong passwords.
Equip Internet Connection with Firewall Protection
With a firewall program, outsiders are unable to access data from private networks. Make sure that a firewall is installed in the company’s operating system. Employees working from home should also have firewall installation in their system.
As lots of internet activities happen on phones, the same should be applicable to phones. Firewalls, strong passwords and encrypting data should be some measures employees should adopt to safeguard data.
Secure WI-FI Networks
Your business’s Wi-Fi network should be encrypted and hidden. Some of the things you can do is to password-protect it and to keep it from broadcasting the network name.
Secure Payment-Cards Services
Ensure that the banks you use employ validated and trusted tools. Make sure that even processors use anti-fraud services. You may need to get into additional agreement with your processor or bank with regards to security. Also, consider to isolate payment systems from other systems used for normal surfing of the internet.
The world has observed that some of the most sophisticated and notable hacking attacks come from within. Trusting your team does not guarantee that a frustrated employee won’t wreak havoc by exposing delicate company data.
Dealing with this requires more social and psychological solution than digital. Open communication about the sensitivity of the data they are privy to and a listening ear that empathizes with their personal difficulties may deal with such hacks.
You should also limit physical access to the systems. Every employee should be made to have a user account with strong passwords, while retaining administrative privilege to trusted staff. Do not allow any employee to have access to every data system. Rather, each employee should have limited access as each person’s job requires.
Software must only be installed with permission. In the event employees have to use personal devices like phones to access company data, monitoring software can be added to monitor what transpires when an employee gains access to company’s data. You may visit this website to learn more about this.
In all, you can’t guarantee total elimination of this insider threat. However, an atmosphere where everyone’s voice is heard can greatly reduce the threat coming from an employee.