How To Protect Your Business Against Cyber Attacks

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This article is brought to you by Retail Technology Review: How To Protect Your Business Against Cyber Attacks.

By Richard Knowles, freelance writer.

Cyber attacks can be a literal nightmare, and no web-based business is completely safe from them, but there are ways to improve the overall security of your business. This is why cybersecurity is always evolving, the market cap is always growing, and cybercriminals are constantly developing new ways to attack business networks.

Cyber crimes are not something to neglect; they can have long-lasting and detrimental effects on your business. First and foremost, these attacks directly threaten the integrity of the data you store as a company and thus force you to face legal outcomes and business loss. But enough with the bad news because we do have great ways that can help you protect your business against cyber-attacks!

Protect Your Business From Cyber Attacks

The cybersecurity industry has been growing over the years exponentially, thanks to the demand for web-based businesses and eCommerce. Online businesses which receive online payments and store customers’ sensitive data are more popular than brick-and-mortar shops. But the difference is that you can’t protect this information with a security guard, you need new and modern ways to be ready for cyber attacks, so we got you covered.

1-) Train your employees

Along with all the high-tech suggestions to use complicated security systems and software, cybersecurity training seems to be undermined. This would be one of the biggest mistakes for any online business.

According to IT Governance, employees in 74% of companies worldwide received a phishing text message with a malicious link hidden inside them. If your employees are not educated on how to protect the company data and avoid phishing scams, you will be in big trouble no matter how perfect your greater cybersecurity structure is.

Employees are the first line of defense and malicious emails sent to employees by unknown sources can be the reason for a compromised network, stolen data, and downtime on your servers. 

2-) Use firewalls

Firewalls are among the most used cybersecurity precautions on the market and for good reasons. They act like an actual wall between your company network and the outer internet and monitor the incoming and outgoing traffic.

When business devices have firewalls set up, they will make sure to protect the internal network by blocking access to pre-defined malicious websites, content, and other digital entities. Since they also monitor the incoming traffic, they have the ability to shield your business network from outside threats caused by malicious users on the Internet.

3-) Network segmentation and access control

Cyber threats are not always outside sourced, internal threats are real and sometimes even more dangerous than outside threats. One of the leading factors that make internal threats deathly is the fact that most networks do not limit access per employee or permission groups.

This means that whenever one of your employees is the victim of a phishing scam and got their credentials hacked, the perp will have access to most of your business network. That’s why network segmentation is crucial; you can basically break your network into smaller components and assign different access permissions.

Network segmentation will reduce the attack surface in the case of a successful cyberattack and will let you control access easier and more effectively. When looking for the best practices for network security services, remember that network segmentation is up there.

4-) Remember to back up your data

Data backups are sometimes made a big deal, especially by smaller business owners. But when you think about it, you don’t need any high-tech solutions or over-budget third-party vendors. Something as simple as an external hard drive will do the job for smaller businesses, and for others, there are great subscription-based solutions online.

The important thing here is that you have an up-to-date and secured source where you can recover from a cyber attack so you minimize the data loss on your network. If you do not back up your data, the recovery process might become a nightmare, or even impossible.

It is, of course, much better if you encrypt the data you back up for added layer of protection. Encryption is a way to protect your backup files by converting them into a secret code that can only be decrypted with the unique key held by the admins of the network.

5-) Keep software up to date

Outdated software is one of the worst things in regard to cybersecurity; they all have defects that are usually fixed with recent updates. Since it is also one of the easiest things to do and does not require any expertise, it is highly suggested that all company devices are always updated.

It’s important to remember that software updates are usually more related to security fixes than functional developments. No software will ever be vulnerability-free, and this is why software teams always have people looking for these soft spots and working on making them better.

If you and your employees are missing out on these important security updates, there is a high chance that a malicious user who is aware of the vulnerability will look for older versions and use the open door to infiltrate your business network.

Conclusion

Protecting online businesses against cyber attacks is a crucial part of running a web-based company. If you don’t have a robust cybersecurity structure, it’s like you are trying to operate a bank without any security guards. The importance of cybersecurity cannot be undermined, but it’s also important to keep in mind that securing online businesses are affordable and accessible.

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