Cyber attacks cost the economy billions each year and pose a substantial threat to individuals as well as businesses – small business are particularly attractive targets.
Criminals have the capability of selling confidential company information, customer databases and computer systems for millions. Furthermore, ransomware attacks pose another significant threat.
To guard against cyber attacks, regularly update operating systems and security software. Limit which areas a user account can access; set strong password requirements. Keeping an inventory of software and hardware also aids in theft protection in Toronto.
Install a Firewall
Protecting your business data should always be top of mind, and one way of doing that is installing a firewall. A firewall acts as a gatekeeper between incoming and outgoing traffic by monitoring it according to specific rules based on defined rules; without one in place, devices and networks become susceptible to cyberattacks from many types.
Firewalls should be updated frequently to address security flaws. Furthermore, encryption software protects information by turning it into unreadable codes – helping reduce the chances of stolen devices being misused by hackers.
Other ways of protecting your business against cyber theft include setting privacy settings on social media accounts and restricting who can gain access to confidential data. You should train employees about protecting the information they handle regularly. Some small- to medium-sized businesses (SMBs) view cybersecurity as something they’ll address once their budget allows – yet criminals know preventative measures only go so far.
Install Anti-Virus Software
Since internet has become part of daily life, businesses have grown more dependent on it to manage finances, purchase inventory, track customer data and connect with customers – as well as conduct marketing and PR campaigns. Unfortunately, cyber attacks can be devastatingly expensive.
Viruses, spyware, spam and phishing attacks pose an imminent risk to businesses that could compromise sensitive data or expose sensitive information. They could take various forms – from slowing down computers or deleting files easily visible to gathering intelligence via spyware apps – leading to fines, ransom demands, free credit monitoring for affected customers or other penalties that result.
Antivirus software is an essential element of small-business cybersecurity, with many providers offering bundles that include virtual private networks (VPN), password managers and identity theft protection services. Furthermore, it’s vitally important that system and browser updates be installed promptly; auto-updating should also be enabled whenever possible in order to prevent potential security flaws that hackers might exploit to gain entry to sensitive business data.
Change Your Passwords Regularly
If you store personally identifying information such as Social Security numbers, credit card or financial details or confidential company data on computers, servers and wireless networks, federal law mandates that it must be protected. Implement password protection and encryption on all systems containing sensitive data containing sensitive information; minimum 14 character password length recommended including upper case letters and numbers as well as symbols.
Change all passwords regularly on systems that contain sensitive data, and don’t reuse them. Consider investing in a password management system so you and your employees can use secure passwords without needing to remember each and every one.
Be wary of giving too many users administrative privileges. Criminals could use any such access to gain control of your business. Make it a policy never to share administrative accounts with anyone.
Install a Backup System
Cyber thieves pose a significant threat to any business by gaining access to files, data and financial records stored on its computers. To safeguard against this possibility, ensure your employees understand the importance of cybersecurity while setting up a backup system that can help retrieve any potentially lost files should any breaches occur.
All staff must use two-factor authentication when accessing your business accounts and servers, increasing security by sending a code via email or phone after entering a password and protecting against criminal hackers who could compromise these systems.
Regularly back up your data onto portable devices or cloud storage so that if a cyberattack does strike, you can recover all important information quickly and keep business operations moving smoothly if a data loss or computer issue causes downtime. Also make sure your IT team updates software programs frequently while restricting admin privileges only to those who require them and periodically audits systems, cloud storage accounts, and all connected devices for any unused apps that should be deleted from storage devices and the system itself.