To ensure your company is protected from cyber attacks, it is imperative that you define security protocolsfor every aspect of your business. Threats to businesses can take a … Seek specialist advice for cyber security insurance Minimize your risk by seeking specialist help to select the best type of insurance for your company, based on your risk of attack and the financial impact of such an event. After all, the best offense is a good defense. Here are the some important tips on how to prevent cyber attacks on businesses. But if your enterprise has a backup copy of the latest, then you or your company need not bow to the demands of the hackers. The best offense is a good defense. Use A STRONG PASSWORD and change regularly. Backup data- Sometimes no matter how hard you try, hackers get into your network and try to encrypt your data with ransomware. If you’re a business owner or manager using computer services, you need to secure the network with a VPN, install a firewall, and use solid passwords to prevent privacy breaches. Always entrust this information to a key figure in your IT department and ensure that (s)he is adequately trained on the safe and encrypted storage of this information. You can delegate this responsibility for preventing cyberattacks to a Cyber Security Operations Center where trained professionals help and investigate threats and data breaches around the clock using state-of-the-art resources. 10 Ways Small Business Can Prevent Cyber Attacks. A business or company should start its cyber-attack prevention strategy by protecting its devices and other hardware with hard to guess passwords, limited access and trackers etc. As outlined in this article, the steps to achieving the peace of mind and financial security that such a strategy brings should involve the use of up-to-date data encryption, data back-up, and firewalls and anti-malware software. If you want to properly protect your company from a cyber attack, then you first need to be aware of both the internal and external vulnerabilities your business may be exposed to. Save a copy of your encryption password or key in a secure location separate from your stored backups. Regardless of how well-read you are on the latest cyber attacks out there, keeping your antivirus software updated will immediately eliminate 99% of the threats to your business. These updates are made in response to the latest cyber threats and are therefore a key tool in the fight against cyber attacks. Use Multi-Factor Authentication. Updates are improvements, so if you remain on older systems, there may be cracks in the defence systems that leave you vulnerable to cyber attacks. Several ways to explore to prevent cyber attack on business: Continually Educating Personnel. By not only educating staff members on the risks, but also by leading by example and never sharing passwords or asking staff members to temporarily log in guests, contractors and new hires. Train employees in cyber security principles. Create a security-focused workplace cultureEmployees are the most common cause of data breaches as many don’t recognize external threats when they occur or have a good understanding of the daily actions that leave a company vulnerable to a cyber attack. If in case, an attack occurs, most of the policies not only cover the financial loss caused from data theft but also help in co-paying the costs involved in recovering data and that includes paying to data recovery experts and for buying new hardware as well as software. As highlighted by researchers in the International Journal of Advanced Computer Science and Applications, data encryption remains the ‘most efficient fix’ for data breaches, should they occur. An effective cyber crime protection strategy must consist of two elements: preventing physical access to sensitive data and rendering that data useless if … Related: Hacking For Good: UAE Startup VUL9 Wants You (And Your Enterprise) To Be Cyber Resilient, Image credit: Download and install software updates for your operating systems and applications as they become available. The losses that can be incurred from data breaches are best mitigated by investing in cyber security insurance, yet only 9% of UK businesses and 15% of US businesses have this type of insurance, according to the UK Department for Digital, Culture, Media and Sport, and the US Better Business Bureau, respectively. 5 Cyber Attack Prevention Tips. Every day, cyber criminals are looking to use the internet to steal private information, money or disrupt how business is done. This is a simple, yet effective way of preventing intruders from walking away with company equipment and the sensitive data they hold. Combine this with regularly backing up your data, such as on the cloud, and you’ll ensure that no critical data is lost in the event of an attack. IT support firms advise that you educate personnel on security best practices to safeguard your SMB's network. If you want to prevent a cyberattack, you have to get serious about strengthening your cybersecurity foundation. Shutterstock, Founder and Chief Executive Officer of Lifecare. Secure your hardwareWith so much attention given to acquiring the newest and most sophisticated types of cyber security software, safeguarding the security of company hardware is often overlooked but the loss or theft of devices is a real threat to be aware of. Hackers usually find such passwords difficult to break. You also need to be able to rely on your employees practising safe internet and network usage to achieve greater protection from hackers. As more and more sensitive information is stored digitally, it’s important that your policy cover not only standard practices such as routine security audits and data backup, but that it also addresses newer concerns such as: 1. It is therefore more impactful to teach staff how to use both their personal devices and work devices in a way that minimizes the risk of being hacked. This scenario of extortion as a result of a cyber attack is becoming more and more common for all business types and sizes. I understand that the data I am submitting will be used to provide me with the above-described products and/or services and communications in connection therewith. Encrypt data- Encryption of data gives your company an upper hand when your data falls into wrong hands. IT security systems can only go so far. The more eyes on your businesses cybersecurity, the better. The first and foremost solution to prevent cyber attacks on companies is to have a secure and sophisticated hardware which are password protected and backed up by 2-way authentication. Know your enemy. Avast says that IOT are vulnerable to Cyber Attacks, Ransomware news headlines trending on Google. Cyber Attacks Key Elements that is essentials to be Protected. Here’s how to put these steps into action. Businesses need to ensure sufficient security training and education for staff remains a key focus, but where to begin? As you can see, there are number of ways small businesses can fall victim to cyber attacks and fraud. Here’s how to protect your business from ransomware, phishing attacks, and … One of the most effective ways to prevent cyber attacks is to ensure that multi-factor authentication has been enabled for all applications that access the internet in your organization. Top of the list should be educating them about the risks associated with using unsecured networks to access work information. share that password with the device user only, improving your company protection from a cyber threat, Hacking For Good: UAE Startup VUL9 Wants You (And Your Enterprise) To Be Cyber Resilient, Why We Need to Worry More Than Ever About Getting Hacked, Phishing In All Its Forms Is a Menace to Small Businesses, Feds to Car Makers: Make Sure You're Ready for Cyberattacks, Global Financial Network SWIFT Warns Customers of Multiple Cyber Fraud Cases. Protect against the threat of an attack Even though the threat of cyber attacks is real, it’s easy to forget all about it until one strikes. Today, only 58 percent of U.S. mid-size companies train employees on cybersecurity. Latest figures have shown that cyber crime affected 3.72 million people in the UAE in 2017– costing the country almost AED4 billion. A cyberattack can compromise data and other assets, put your customers and users at risk, and damage your reputation. Having only a password login for employees is not enough. However, if your company has an online presence, stores customer and company data on digital devices and uses cloud-based software, a thorough cyber security strategy is essential. Implementing this alongside thorough and ongoing employee education on cyber security really is your best bet to ensuring that the threat of a cyber attack never becomes your reality. With ransomware hackers locking companies out of their systems, encrypting their data and asking for a ransom to be paid before releasing the data, you can stay one step ahead of them by backing up all of your data and storing it separately. Safeguard your company’s hardware- A survey conducted by IDC says that most of the data breaches occur when stolen equipment reaches the hands of the hackers. Also, it is better if you don’t overlook the effectiveness of protecting your physical storage disks. Restrict network admin rights  Restricting IT admin and access rights to a small handful of users is invaluable in minimizing the risk of data breaches as employees cannot give away information they don’t have access to. In reality, there are just five specific steps that all companies need to follow to effectively protect against cyber attacks: secure your hardware, encrypt and backup all your data, encourage a security-centered culture, use robust firewall and anti-malware software, and invest in cyber security insurance. Don’t overlook safeguarding company hardware Data breaches commonly occur due to stolen equipment and so safeguarding your hardware is an easy strategy in improving your company protection from a cyber threat. 1. Investing in an optimized firewall is therefore key for preventing malware from entering your computer systems. 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