Cybercrime is at the peak, and therefore the onset of the COVID-19 pandemic has left businesses more vulnerable than ever. Within the first nine months of 2020, hackers exposed 36 billion records through methods like phishing and malware. A big reason businesses don’t prioritize cybersecurity is that a lot of don’t recognize the gravity of cyberattacks. Securing your online system protects everything from your employees’ personal information and health records to your property and data. Here are five essential ways to safeguard your business against cybersecurity threats.
1. Copy your data.
Most businesses are conversant in data backups. Actually, over 90% of companies claim to secure their information through backups. However, out of this number, only 28% perform weekly data backups.
Nearly 70% of companies are losing precious information because they didn’t copy their recent data, consistent with Acronis. The straightforward task of securing your files on either a virtual database, like cloud storage or a physical database, sort of a USB drive, will grant you access to your information in cases of cyber threats, also as accidental deletions and power outages.
2. Install security software.
According to Tessian, 88% of cybersecurity breaches are the result of human error. In other words, most cyberattacks happen due to the unintentional actions of employees. This may be like clicking on malware or employing a vulnerable password. A Google/Harris poll found that 65% of individuals use an equivalent password across all or multiple sites. This makes it easy for hackers to access workplace systems.
Downloading security software can help prevent these mistakes from occurring. Additionally, to anti-virus software and firewalls, it’s advisable to line up spam filters to guard against phishing campaigns.
3. Use encryption and MFA.
Encryption may be a technique that encodes information, making it impossible for hackers or anyone outside of your workplace to consume your data. The number of companies that utilize encryption is on the increase, with nearly 50% of companies claiming to encrypt their data in 2020.
While encryption may be a strong line of defense, it shouldn’t be your just one. Businesses should cash in on multi-factor authentication (MFA) to stop cybersecurity breaches in the first place. MFA requires extra information, like a singular code sent to a mobile device, to guard against hackers.
4. Create an event response plan.
When it involves physical emergencies, like fires, most workplaces have an idea in place. However, an IBM study found that an awesome 77% of organizations don’t have a response plan ready when it involves cybersecurity. Considering that, consistent with a Black Hat USA survey in 2019, 65% of business leaders predict the occurrence of a security breach within their organization in the coming year, you ought to have a protection plan ready.
An incident response plan (IRP) may be a set of instructions designed to assist recognize, address and get over network security threats. In short, an IRP involves creating an inventory of responsibilities for team members, summarizing technologies that the team should use, and detailing a knowledge recovery process.
The main purpose of an IRP is to detect a cybersecurity breach as soon because it happens. Within the unfortunate incident that employees fail to stop the breach, knowing about the incident can cause a smoother and swifter recovery. Believe it or not, during a 2016 Bitdefender survey, 74% of companies reported that they didn’t even skills hackers gained access to.
The fact that we can’t physically see cyberattacks doesn’t make them any less dangerous. One data breach within us can cost a corporation over $8 million and expose employees’ and clients’ personal information, hurting the brand itself and therefore the people behind it. That’s why it’s more important than ever to require steps to secure your business against cybersecurity breaches.