December 8, 2021

How to Protect Your Small Business from Cyberthreats

Bones Ijeoma

CEO and co-founder

According to Managed IT Services experts, a cyber attack can be executed and planned in a number of different ways.

Many small business owners often tend to foresee the possibility of their business becoming a target of cyber threats. They assume that since their business is small or still in the development phase, therefore, hackers and attackers would not be interested in breaching their business. But this is a misconception that can often end up costing businesses tons of money.

Hackers and attackers are aware of the fact that small businesses do not have a strong security protocol and therefore, it is easier to target them. Considering this, the rate of cyber attacks small business is a lot higher than that of the rate of cyber attacks on established businesses.

Understanding Cyber Attacks:

A cyber attack is an assault that is aimed at breaching a company’s data sources, network or equipment like servers and computers, etc. According to Managed IT Services experts, a cyber attack can be executed and planned in a number of different ways. The attacker may opt to breach the security via ransomware, phishing, virus or denial of service attacks etc.

Small businesses who have a poor cyber security planning often end up falling prey to cyber attacks - thus facing severe implications. A cyber attack can end up costing both monetary as well as data related damage. It can also end up interrupting the business operation, have an impact on business practices, damage the reputation of the company, cause mistrust and annoy business clients and most importantly, lead to the stealing and misuse of your business’s intellectual property.

Protecting Small Businesses From Cyberthreats:

They say prevention is better than cure and it suits perfectly when we speak of cyberthreats. It is best to work on a cyber security policy for small business so that the chances of your businesses having to endure a cyber attack can be minimized as much as possible.

There are several measures and strategies that can be adopted in this regard. The aim of this article is to share some tried and tested ways that can help your small business stay safe from the possibility of any cyber attack.

1. Educating Employees:

One of the most common passages that attackers often use to make their way into a small business is through the employees. The small business employees are often not aware of cyber attacks and tend to make mistakes that can lead to the chances of a successful cyber attack.

Therefore, when you start working on a cyber security setup, you should always start by educating your employees. Make sure that they understand all types of possible cyber threats and are also trained to follow the best security practices that can help reduce the chances of the occurrence of such attacks.

You can arrange training sessions for your employees where an IT consulting expert can come over and help them understand and provide awareness of the different ways in which they can ensure that your small business remains safe. From selection of passwords, to handing of devices and data, the training can be a great learning experience for the employees that allows them to be more responsible and aware.

2. Hiring Experts:

Cyber threats are a severe problem in the modern era. And cyber security is a vast IT domain itself. Therefore, it is highly recommended that small business owners, rely on a professional managed IT service provider like AllSafe IT to help them come up with a cyber security plan for small business. If you or your company need to strengthen your security measures, reach out to us for a free virtual audit today.

The experts are trained and experienced. They will start by auditing your business to highlight the areas that require security and attention. Once these areas have been identified, the service provider will then further go ahead and come up with a strategic plan that is customized accoridng to the needs of your business while also keeping your financial constraints in mind.

The best part of these security services is the fact that the service providers not only help business take preventive measures, but can also ensure that the business security can be reinstated and the loss can be mitigated if the small business has already encountered a cyber threat or cyber attack.

3. Invest In Data Security:

Data is the main target for majority of the cyber attacks. Therefore, as a small business owner, if you wish to ensure that your business is protected and you do not have to worry about any cyber threat, you should make data security your preference and priority.

Make sure that you can identify the sentive data from the entire data pool. Once this has been done, you can then further go ahead and plan a strategy on how to protect your business from cyber attacks while making data security your priority. Small business owners have to be a hundred percent certain that the data is stored in a way where it is easily accessible yet protected. You can opt for authentication measures, invest in firewalls, restrict access to sensitive data and also log data access and update requests so that accountability can be ensured.

Speaking of data security, small businesses also need to take data backups seriously. Data backups are a lifesaver if the security of a business has been compromised and the data has been breached. They help restore data and allow smooth business operations.

Data encryption is also an excellent approach that can help you protect sensitive data. Once the data has been encrypted, no one would be able to break into it or decipher it. This would help a small business ensure that their data is safe even if the security has been compromised.

4. Scan Your Computers:

People often tend to overlook the significance and need of antivirus and firewalls. Make sure that all the official computers being used have a reliable antivirus software installed in them. It is not only the installation of the software that will serve the purpose. Also make sure that the computers are being scanned on a regular basis.

We make extensive use of the internet and our downloads are also unmonitored and unlimited. This web surfing is one of the most common ways of data breaches and virus attacks, The users are not even aware of the fact that the security of their system has been compromised and they are at risk.

To avoid any such issue, it is best to make sure that your employees are scanning their computers on a regular basis and the computers do have a latest and renowned antivirus software installed.

5. Buy Cyber Insurance:

A cyber attack can end up taking a huge toll on small businesses. And despite all the protective and preventive measures, there is still a chance that your business may fall prey to one. Therefore, it is best for small businesses wondering about how to protect your business from cyber attacks to buy cyber insurance.

Cyber insurance will help your business cover from the financial blow that any cyber attack or cyber threat may have caused to your business. Although it does not help reduce the impact of the cyber attack, it surely does help in terms of the financial bounce back for a small business.