Data breach after data breach, sensitive information being exposed onto the Dark Web as cyber crooks are trying to make a quick buck. If it’s not individuals with poor computer skills they are after, it’s important employees that have exclusive access within the company. All it takes is one wrong click on a spear phish email to infiltrate their computer.
Major companies like Equifax, T-Mobile, and Facebook suffered through security breaches that took years to recover. After these widespread attacks, formal apologies, and password resets, many more companies should be aware of the online dangers that threaten their business. If the big players fall prey to cyber threats, where does that leave today’s small businesses?
The Costs of Unpreparedness
As many as 90% of small business do not have specific systems or processes in place to protect customer and company data. The lack of a game plan makes these businesses popular targets for cyber attacks. 60% of small businesses that undergo a cyberthreat go out of business within six months. The average financial cost of a small business is about $32,000, but the permanent damage of a company’s reputation is priceless.
Phish Emails that Hook Employees
Most phish emails are easily recognizable and suspicious that they end up getting deleted. Most of these emails direct you to a spoofed website or request for you to download a file.
Phish emails are around because they work! Still to this day, they are the most common way cybercriminals find entry to your company’s systems. More than 90% of cyber attacks worldwide originate from these phish emails. Tricking employees into giving their credentials on a spoofed site is one of the many techniques that threat artists use in their phish.
Malware and Ransomware
Other cyberthreats to stay aware of are malware and ransomware. Malware is any malicious software written to harm. There are backdoor programs, keyloggers, trojans, and botnets. Ransomware is a type of malware that goes a step further by taking over your computer systems and denying access to data for a price which is usually paid in cryptocurrency.
Protect Your Business
Malware is spreading fast this year. In the first quarter of 2018, 1.9 million new mobile malware threats were detected. The good news is that security for your business is achievable. Here are four steps you should take:
- Designate a cybersecurity point person and empower them to implement solutions from a trusted security partner. Even if you don’t have a dedicated IT person on staff, it’s important to appoint someone within the company who is knowledgeable about cybersecurity. Leverage the power of best-in-class cybersecurity solutions, to protect your data. In companies without effective security measures, threats remain in the system for almost a year, on average, before they are detected.
- Establish a security perimeter around your crucial systems via multifactor authentication. Data should be password-protected, and an additional form of authentication is also advisable. A one-time PIN is an extra precaution to secure your systems. Using an extra layer of protection would make it more difficult to access data.
- Provide training to employees about how to recognize suspicious emails and phishing attacks. Hackers are becoming more creative, and the differences between legitimate and phishing emails are often subtle. Find a training program that fits the needs of your company, your employees, and that uses Phishing Stimulation. Prilock provides all that and more!
- Regularly back up your network. Once you’ve confirmed your system is healthy and you’ve established your security solutions and protocols, perform regular backups. Before downloading any files, make sure they are scanned for safety.
Have a Plan in Place
You can have the best firewalls and antivirus protection, but what happens if your business does fall victim to a cyber threat? You need to understand how your business assets are targeted and put systems in place to detect a breach as soon as it happens. By reacting quickly and effectively can limit the impact.
While no one can guarantee your company won’t suffer a cyber attack, putting the right security measures in place can get your small business as close as possible to complete safety.
Original Article Found Here.