7 Cyber Security Measures to Take as a Business Owner

The use of computers and the internet has become a prerequisite for the success of any business. Businesses can manage their operations more efficiently by using computer-based tools and reach new and larger markets through the internet. Services like cloud computing have enabled many owners to manage their whole businesses on the internet.

Unfortunately, the use of the internet comes with the threat of being attacked by hackers. When you or your employees connect to the internet, there’s always a risk of your data getting stolen or your IT systems getting infected by harmful programs. In this article, we will discuss 7 cybersecurity measures you can take as a business owner.

Use a Firewall

A firewall is a set of programs and processes that prevent unauthorized access to the data stored on a private network. It consists of a defined set of rules against which it matches the traffic approaching the private network. Only the traffic which passes the criteria is allowed to pass the network. Some additional benefits of a firewall include protection from phishing attacks, enhanced privacy and access control, and alerts about malicious activity.

Putting up a firewall is considered the first line of defense for any business computer system. Most operating systems have an inbuilt firewall. As a business owner, your IT infrastructure can be secure by installing a network firewall security system. It allows you to protect your website, your private network, and organizational data from unauthorized users.

Install anti-malware software

As a business owner, you should ensure you have the latest anti-malware software installed on your systems. A computer virus is a type of malware that can infect a computer and spread to other devices. If not detected timely, a computer virus can infect the system, replicate itself, and spread to other parts of the system, thus causing a disaster.

Just like computer programs, computer viruses keep evolving as well. Therefore, you should keep your operating system and antivirus software updated, so your system stays safe from any advanced attacks. Many users are often reluctant to patch and update software, considering that it will unnecessarily consume the computer’s memory. However, if you realize the extent of damage that the viruses can cause, you’ll always want to keep your anti-malware software updated.

Secure your network and mobile devices

In the realm of digital security, securing private networks against potential threats demands strategic planning and the adoption of comprehensive security measures. Mobile devices, frequently targeted in cyberattacks, highlight the vulnerabilities present in our digital ecosystem. Furthermore, third-party cloud-based solutions introduce additional risks due to inherent visibility limitations, making it imperative for businesses to develop a robust cloud security strategy. This strategy should prioritize the use of firewalls, encryption, and access control to fortify all layers of a business’s network effectively.

As an illustration of the significance of selecting the right tools for network security, consider AppSec as a service. This approach allows businesses, tiny ones, to encrypt data before transfer, ensuring it remains unreadable and secure from unauthorized access. Beyond encryption, deploying multi-factor authentication, securing wireless connections, and utilizing antivirus software are crucial steps in creating a resilient network defense system.

The cumulative effect of these security measures is profound. They not only protect sensitive information from cyber threats but also support a business’s operational integrity. This level of security contributes to risk mitigation, increased productivity, and, most importantly, the ability to ensure business continuity. Thus, the careful selection and application of digital security tools, such as application security, are not just operational requirements but strategic investments in the future stability and success of a business.

Update and Backup regularly

When implementing cyber security, small businesses must develop a strategy for prioritizing data protection. When developing this strategy, you must determine which organizational data is sensitive, who has access to it, and where it’s being used. Usually, the user’s personal data, medical data, and financial data are considered sensitive.

Once the data has been identified, small businesses can prevent unnecessary remote access. In addition, they can also use multi-factor authentication to ensure that only verified users can access the data. Many cyberattacks can result in the theft, loss, or corruption of the data stored on the network. Therefore, you should always back up your data in case you lose access to your data in the network.

Train employees in security principles

Employee negligence and unawareness are considered the most likely causes of a cyberattack in the company. Therefore, a culture of training and teaching must be promoted. Many companies underestimate the importance of employee training related to cybersecurity issues. They should realize that data theft can hurt the company’s reputation and put the company in deep financial trouble. There are many examples of companies ending up paying millions of dollars in data breach compensation.

A mock phishing attack can be performed to test employees’ cybersecurity awareness in business. A simulation based on threats of this type is called a phishing test. It is important to adopt a Zero Trust strategic approach to cybersecurity. As per NordLayer’s article on Zero Trust best practices, this approach reduces business and organizational risk and allows you to gain more control over cloud environments. It will also help your business align with PCI DSS or GDPR compliance initiatives.

Carry out risk assessment

If you own a small business, you should make sure to carry out risk assessments at regular intervals. Not carrying out risk assessments can lead to significant financial and reputational damages that can hinder the operational continuity of businesses.

An effective risk assessment strategy involves identifying the risk, organizing your business data by the weight of the risk, creating a strategy, and finally taking action to mitigate the risks.

Limit access to sensitive data

Access to critical business data should be restricted to only a few people. This will reduce the possibility of any data breach and prevent any bad-faith actor from accessing the sensitive data. Using techniques like identity and access management solutions is a core component of cybersecurity.

These solutions can help you limit, monitor, and control access to data and organizational resources. You may use solutions like multi-factor authentication, which enables small businesses to implement authorization protocols such as facial recognition, iris scanning, and biometric verification.

Conclusion

When it comes to small businesses, cybercriminals use various attacks, including phishing, sniffing, or malware, to target and exploit network vulnerabilities. However, performing timely risk assessments and implementing proper cybersecurity strategies can help small businesses reduce cybersecurity risks.

Therefore, it is essential for you to gain an in-depth understanding of cybersecurity practices to develop effective strategies for your small business. Some of the best cyber security strategies include training employees, implementing network security, and developing a disaster recovery plan.