Major Security Threat SMBs Face

Cyber Security

Technology has become an integral part of our life. Everything we do, both at a personal level or professional level, technology is involved in some or another way.

Everything has certain advantages and certain disadvantages and so do technology. Where one side technology makes our work simpler, it also involves cybersecurity risk.

We live in a technology-dependent society, where the threat of cyber-attacks has also increased. Hackers have become more intelligent. No device, system or network is 100 percent safe.

Nowadays, almost all businesses have an online presence and cyber attackers seem to be indifferent about the size of the business.

It is often assumed that only large enterprises have a cyber security threat. However, small businesses have the same threat.

According to the Ponemon Institute survey published in 2017, 61% of the small and medium businesses (SMBs) said they experienced a cyber attack.

Every year a new security report comes out showing cyber attacks are on the rise. SMBs must be able to face the cybersecurity risk. On a priority basis, it should implement cybersecurity measures to protect itself against cybercriminals and hackers.

Before getting into preventive steps let’s take a look at types of cyberattacks.

  • APT- Advanced persistent threats are attacks designed to gain entry into a network system and remain there undetected.
  • DDOS- Distributed Denial of Service. It comes from multiple sources and floods your web server with a massive amount of web traffic.
  • Inside Threat
  • Password Leakage
  • Ransomware
  • Phishing
  • Malware

You can’t afford to face a cyber threat. To help you protect yourself from cyber attacks, we have taken a look at some of the preventive steps SMBs can take.

Employee Training

The single biggest threat to you and your business is a human being. In order to ensure your employees are not the ones causing a data breach, it’s important to educate your employees.

Create a cybersecurity strategy. Train your people on how to recognize, report phishing and other cyber risks to secure the organization.

Train your employees to keep their device secure and not to click any suspicious links, file or emails.

Improve Password

Most of the breaches and cyber risks occur due to the redundant and weak password. The majority of small businesses face this threat because they set a weak password that is easy to remember or guess.

Define the password policy for your business that includes two-step authentication, biometric authentication, regular change of the password by the employees say every few months, etc.

Anti-Malware Software

Malware is a kind of virus that gets installed on the device automatically to do unwanted tasks for the benefits of a third party. It includes ransomware, spyware, adware, bots, and trojans.

To prevent malware every business should use anti-malware software. These software scan the viruses and delete the malware programs. Plus, operating systems, firewalls and firmware should also be kept up-to-date.

Encryption and Authentication

Encryption adds another layer of protection to your data. It makes your data unreadable to a hacker because the data will be scrambled into unintelligible bits. The only way to make it readable is by decrypting it with an appropriate key.

Authentication does not protect the data itself.

There are two ways of how authentication works: client-side and server-side. Client-side authentication includes things like usernames, passwords, and tokens. Server-side authentication uses certificates to identify trusted third-parties. Authentication makes it possible to understand if a person is who they say they are.

Secure your Wi-Fi

Unsecured Wi-Fi can be very easy for hackers to gather inside information. To protect customers, implement hardware with an intrusion detection system to detect intruders. Such hardware should be regularly updated to offer the best defense.

How to recover from a cyber attack
  • File a report
  • Reset the password
  • Recover data from backup

Now that you know about the threat, they are riskier for small businesses. Every organization has sensitive data that need to protect. Don’t wait for one to attack your business, invest in cyber security before you need it.

Some extra measure you can take to protect your data:

  • Create a Bring your own device (BYOD) policy.
  • Require mobile encryption on all devices.
  • Backup your files on a daily basis to an off-site location.

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