Technology is all around us and even with us at all times. From a sleep smart TV to a powerful smartphone, it is hard to imagine what life would be without these advancements. The internet, especially in the past couple of decades has acted as a catalyst for transforming our lives from a more conventional to fast-paced tech-oriented living. With over 5.3 billion internet users across the world, internet penetration is at its peak at the moment, showing no signs of slowing down.

As data becomes one of the most valuable commodities, we are marching toward a hyper-connected world powered by lightning-fast internet. In the process, we often ignore the other side of the coin; the vulnerabilities of being online. As powerful as the internet is, there are a few pitfalls of this transformative technology and cyber security is one of them.

Data breaches, phishing attacks, identity theft, and malware are some of the most common tactics deployed by cybercriminals. This article sheds light on what we mean by cyber security, the various cyber security services available for small businesses, and valuable tips to prevent cyber-attacks.

But first, let us understand what cyber security really is.

What is Cybersecurity?

One needs to understand what cybercrime is to understand what we mean by cybersecurity. Cybercrime can be defined as any criminal or illegal activity conducted via digital means and technologies.

Cyber security as the name suggests, employs preventive measures to safeguard and protect your digital and financial assets against cybercrime. It involves safeguarding systems, networks, and other vulnerabilities from cyber-attacks aiming to access sensitive data, extort money, and disrupt business processes.

Now, let’s explore how small businesses can make the most of modern-day or new-age cybersecurity services.

Cybersecurity Measures Small Businesses

Did you know that on average, there are around 2,2328 cyberattacks every day? Cybercrimes have been rampant, particularly in the post-pandemic era as more and more people turned toward online services and technology for different purposes including finance, work, entertainment, etc. Unfortunately, small and medium-sized businesses have been a major target for cybercrimes as they are ‘’easy targets’’ and lack robust and necessary cybersecurity measures. That said, there is a silver lining for small business owners in the form of these cybersecurity measures.

We have listed down some easy to execute and – cybersecurity measures for small businesses that can help them improve their security posture.

  • Stringent Admin Policies

While stringent admin policies may not seem to be top-shelf cybersecurity solutions, it is one of the most underrated strategies to combat cybercrime. Charity starts at home and so does the prevention of cybercrime. Stringent and well-enforced admin cybersecurity policies can go a long way in safeguarding your systems and data from cybercriminals.

Hard-to-hack strong passwords, routine hygiene checks, locking computers when unattended and regular software updates are some of the most effective policies that can help small businesses stay clear from cybercrime. Don’t forget, it takes just a small slip-up at your end for cybercriminals to pounce on the vulnerabilities.

  • Multi-factor Authentication

Also known as two-factor authentication or second-factor authentication, multi-factor authentication is nothing but evidence a user needs to show to prove it’s really them. Think of it as another step after typing a password (the first step) to authenticate a user to access sensitive information. For example, a one-time password linked to a phone number or an email is a good example of multi-factor authentication. Since passwords have become easier to compromise or breach, multi-factor authentication is a great cybersecurity solution for small businesses.

  • Staff Training

If you haven’t done this already, it is never too late. You do not need to wait for the first cyberattack before you take matters into your own hands. Train your employees and IT staff and educate them on the different aspects of cybersecurity and what they need to do to stay vigilant. While many would agree that a firewall is often the first line of defence, how is it of any use if one of your employees clicks on sketchy links and allows unauthorised access? This is why staff training becomes critical and serves as the real first line of defence preventing major data breaches and cyberattacks thanks to the human firewall.

  • Firewall and Phishing Tools

It’s common knowledge that firewalls are the first line of tech defence to keep cybercriminals at bay. They also prevent malicious and unauthorised software from accessing sensitive information via the web. Basically, it is a safety net that filters all the incoming and outgoing traffic on your private network. While a firewall is a great way to safeguard your systems, how will you ever know if it works? The answer? Phishing simulators. Phishing simulation tools allow you to create mock phishing attacks and test whether your existing cybersecurity is effective and can withstand real threats.

Tips to Prevent Cyber Attacks for Small Businesses

We have learned a thing or two about small business cybersecurity and some of the cybersecurity best practices for small businesses. Now, let us quickly go through some of the most useful tips to prevent cyber-attacks for small businesses.

  • Create Regular Backups

It is important to create regular backups of all your files and critical information to withstand the impact of a cyberattack. A backup program allows you to restore all of your data without losing access to useful information.

  • Create Strong Passwords

If you have used enough online applications or created accounts across various sites, you know the drill. Create strong and unique passwords. That said, it should be easy to remember. Use a capital letter, a number, and a special character to create a strong password that is hard to breach.

  • Secure Wi-Fi

Move to WPA2 or subsequent protocols, if you are still utilizing the WEP (Wired Equivalent Privacy) network, as they are more secure. You’re probably already using WPA2, but some businesses forget to upgrade their infrastructure, so it’s worth checking again.

Final Words

The need for cybersecurity arises from the increasing number of cyberattacks in different shapes and forms. From sophisticated phishing attacks to ransomware, cybercriminals are finding innovative and malicious ways to hack, breach systems, and exploit vulnerabilities for monetary gains and more. There isn’t a better time to invest in cybersecurity and elevate your small business’s defense mechanism.

Frequently Asked Questions

What is the Internet threat?

Some of the major consequences or threats from the internet include identity theft, financial loss, revenue loss, data security, and more.

Do small businesses need cyber security?

Yes, small businesses require cyber security to protect their systems and data from cybercriminals and safeguard their company’s reputation.

How does cyber security work?

Cybersecurity is the blend of different techniques, defensive methods, and technologies that safeguard computers, systems, and devices from malicious activities and unauthorised access.

What is the biggest cyber threat to businesses?

Phishing attacks and ransomware are some of the biggest cyber threats to small businesses.

If you have any queries or suggestions feel free to send an email on [email protected]