As a business owner, you put your heart and soul into making your company successful, and you want to protect it.
One threat to businesses is cyber crime, and many companies fall victim to cyber criminals. The pandemic showed an uptick in small businesses being targeted by hackers, and research shows most entrepreneurs don’t have plans to handle the consequences of cyber attacks.
Cyber attacks can be devastating to businesses of all sizes, but for small businesses, the effects can be detrimental.
The Hiscox Cyber Readiness Report 2021 found the average annual cost of cyber crime for small businesses is $25,000. The report also found most small businesses had been victims of at least one cyberattack over the past 12 months.
A data breach can also harm your business’s reputation, and you may lose the trust of your customers if their details are leaked. Without proper protection, your company can experience extensive damage as a result of cyber crime.
You must strengthen the security of your IT systems, and here are some ways to protect your small business from cyber attacks.
Update Your Systems
Keep your systems updated and use the latest versions of your software. Update as soon as possible to prevent your business from being exposed. Always update your systems when a newer version becomes available because you may miss out on crucial security patches if you don’t.
Protect Your Website
Anything that disrupts your website or CRM system can cause your business to experience significant downtime. Protect your website and CRM from the threat of cyber attacks to avoid the cost and damage from hackers, and you can save time and money.
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Train Your Team
Many cyber attacks result from human error, so provide your team with the latest knowledge to keep your business secure. Schedule regular training sessions and remind your team to use strong passwords and approved devices on secured networks to access work systems.
Educate your employees on the risks posed by malicious emails and phishing scams. Accidentally clicking a malicious link in a spam email can cause devastating damage to your systems.
Monitor Your Security
Continually monitor your security procedures so every aspect of your organization is safe from threats. Take a holistic approach to your cyber security and do regular health checks on your system to spot any vulnerabilities. Train your team to recognize cyber threats and report them to you and use the best security software to keep your business protected.
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