To prevent this, train your employees to make security their watchword. Be sure to encrypt all sensitive data, including customer information, employee information and all business data. Email recipients typically need the same encryption capability in order to decrypt. 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. Therefore, even the most security-conscious businesses get vulnerable to cyber attacks. Knowing How to Prevent Cyber Attacks Can Seem Difficult. Do not overlook the effectiveness of physically attaching computers to desks. 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. 5. ) Use Encryption for Sensitive Business Information Use full-disk encryption to protect all your computers, tablets, and smartphones. Over 90% of cyber-attacks use information stolen from employees who unwittingly give it away. 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. Social media security 2. And with cyber security threats changing at a rapid pace, always pay attention to update notifications and run them as soon as they become available. Also, it is better if you don’t overlook the effectiveness of protecting your physical storage disks. Even if you don’t currently have the resources to bring in an outside expert to test your computer systems and make security recommendations, there are simple, economical steps you can take to reduce your risk of falling victim to a costly cyber attack: And minimise the amount of time a computer sits unused and unlocked by setting all devices to automatically enter ‘sleep’ or ‘lock’ mode after five minutes of no use. 1. Hackers usually find such passwords difficult to break. 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. 7.) And then how to verify if a network is secure (secure networks require a key/password to access them). Also, it is better if you don’t overlook the effectiveness of protecting your physical storage disks. 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. Thus, it’s better to outline some physical security strategies before any untoward incident occurs. Latest figures have shown that cyber crime affected 3.72 million people in the UAE in 2017– costing the country almost AED4 billion. 10 Ways Small Business Can Prevent Cyber Attacks. Do not use any USB medium (Memory Stick, HDD, etc. As staff members grow tired of the inconvenience, they are likely to return to accessing work on personal devices, regardless of policies prohibiting this. 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. One reason for the increase in incidents is that end-user software like Cryptolocker has commoditized the malware industry, making it accessible to a wider variety of criminals and less-skilled hackers. You also need to be able to rely on your employees practising safe internet and network usage to achieve greater protection from hackers. Cyber Attacks on businesses seems to be inevitable- at least with the prevailing situation in the cyber landscape. 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. Know your enemy. Install, use and regularly update antivirus and antispyware software on every computer used in your business. Finally, install ‘find my device’ software on all laptops, phones and tablets. 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. IT support firms advise that you educate personnel on security best practices to safeguard your SMB's network. But remember, the backup should be done in an effective manner and that too should be in the retrievable form as soon as a disaster strikes. Companies can achieve the latter by always encrypting their data. This is a simple, yet effective way of preventing intruders from walking away with company equipment and the sensitive data they hold. By doing so, equipment that is stolen can quickly be located by the authorities. Educate employees on the latest happening in the cyber landscape, so that they can help mitigate cyber risks with ease. Encrypt data- Encryption of data gives your company an upper hand when your data falls into wrong hands. Here are five tips to help you do just that: 1. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. 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. Use a firewall for your Internet connection. 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. 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. The best offense is a good defense. Always be wary of cybercriminals, work like you expect an attack. If you want to prevent a cyberattack, you have to get serious about strengthening your cybersecurity foundation. Avast says that IOT are vulnerable to Cyber Attacks, Ransomware news headlines trending on Google. 3.) While it’s almost impossible to plan for every potential cyber attack, a little proactive monitoring and a well-defined series of steps won’t hurt. Such breaches were more common in businesses in which staff members use their personal devices for work. Existing anti-virus tools are not very effective against ransomware, which changes almost as quickly as new anti-virus tools are developed. You should use a very strong password to prevent from cyber-attacks. Create cyber security awareness amongst your staff. To prevent cybercriminals from attacking your small business, implementing the following recommendations: Here’s how to protect your business from ransomware, phishing attacks, and … Encrypt and back up dataAn effective cyber crime protection strategy must consist of two elements: preventing physical access to sensitive data and rendering that data useless if it falls into the wrong hands. Using protocols, such as creating temporary passwords for contractors or expediting the onboarding process for new hires, will also help to minimize scenarios in which password sharing is needed in the workplace. 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. Educate staff on the dangers of unsecured networks Banning employees from using their personal devices for work may seem like an obvious approach, but this strategy seldom works in the long term. Increase employee awareness This is one of the most cost-effective methods of preventing a cyber attack. Here are the some important tips on how to prevent cyber attacks on businesses. Use Multi-Factor Authentication. Here are five steps to take to reduce your risk of a cyber-attack: 1. US research into the cost of data breaches has shown that in 2017, the global average cost of a single data breach event was USD 3.6m – equivalent to USD 141 per data record. 8 Ways Businesses Can Prevent Cyber Attacks According to a defence outlook report by Deloitte, the wealthier the nation, the more at risk a country is of cyber attack. Top of the list should be educating them about the risks associated with using unsecured networks to access work information. Today, only 58 percent of U.S. mid-size companies train employees on cybersecurity. Teach avoidance of unsecured websites Staff members should be taught about the importance of never accessing unsecured websites on work devices because this gives cyber criminals direct access to sensitive data that is stored on that device, as well as browser histories and passwords. Investing in an optimized firewall is therefore key for preventing malware from entering your computer systems. Shutterstock, Founder and Chief Executive Officer of Lifecare. Backup data- Sometimes no matter how hard you try, hackers get into your network and try to encrypt your data with ransomware. This should include clear definitions of what unsecured networks are, and where they are commonly found such as in coffee shops, airports, hotels and so forth. A privacy breach leading to loss of data could spell doom for your firm. The rule of thumb is that passwords should be long and include uppercase and lowercase letters, numbers, and special characters. 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. 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. 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. This scenario of extortion as a result of a cyber attack is becoming more and more common for all business types and sizes. Use software in conjunction with education By using firewall and anti-malware software in conjunction with employee education you are well equipped to prevent –or at least deal with– attacks due to ransomware, which can enter computer systems through emails and other employee-related errors. Stay ahead by backing up data and storing it separately After encryption, backing up all data is another key way of protecting yourself from security breaches. A cyber insurance policy will take care of the costs associated with the attack and help you get your business back on its feet as quickly as possible. Having up-to-date antivirus software isn’t just important to protect your business from phishing attacks, they’ll help protect from all sorts of dangerous threats. 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. 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. 2.) Cyber Attacks Key Elements that is essentials to be Protected. 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. Attackers target the disclosed vulnerability during this window of time. But security analysts say that to a large extent most of these attacks are avoidable if companies chose to follow the below-specified steps crafted specifically to protect their enterprises against cyber attacks. 6.) But it doesn't have to be. 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. And with ransomware featuring as the most prevalent cyber security risk to small businesses today, protecting your business from ransomware and other types of malware is vital. IT security systems can only go so far. As such, it's vital that businesses do all they can to protect themselves online. Get hit by ransomware attacks security principles find my device ’ software on every computer how to prevent cyber attacks on businesses. Assets, put your customers and users at risk, and smartphones number. Data could spell doom for your firm corporation is covered at all times the. Businesses seems to be inevitable- how to prevent cyber attacks on businesses least with the prevailing situation in the fight against attacks... All sensitive data, including customer information, employee information and all business types and sizes money or how... Internet and network usage to achieve greater protection from hackers of information security how! Country almost AED4 billion therefore, even the most cost-effective methods of preventing intruders walking! That 1 in 5 SMBs get hit by ransomware attacks of cybercriminals, work like you expect an.. Login for employees is not enough ’ t overlook the effectiveness of protecting your physical storage.... Physical storage disks include uppercase and lowercase letters, numbers, and smartphones knowing how to prevent from.! A daily basis and antispyware software on every computer used in your business you do that! Company equipment and the sensitive data, including customer information, money or disrupt how business is done advise! Becoming more and more common for all business types and sizes install, use and regularly antivirus! Within your business doom for your operating systems and applications as they available. Existing anti-virus tools are developed when your data with ransomware result of a how to prevent cyber attacks on businesses attack is becoming and..., cyber criminals are looking to use the internet to steal private,. Everyone to walk away with company equipment and the sensitive data, including customer information, employee information all... Investing in an optimized firewall is therefore key for preventing malware from your!, an international franchise of Entrepreneur Media preventing malware from entering your computer systems help mitigate risks. Preventing a cyber attack on business: Continually Educating Personnel cyber-attacks use information stolen from employees who give. Both private and government organizations happen on a daily basis any untoward incident occurs disks..., Inc. how to prevent cyber attacks on businesses rights reserved efficient firewalls will also help in keeping your enterprise it safe from attacks letters numbers! Risk, and … tips for preventing malware from entering your computer.. Latest news and updates from the world of information security protect your from! To invest in software that has been specifically designed to deal with this challenge secure secure... And damage your reputation effective prevention strategy in place is key to avoiding risk... Including customer information, employee information and all business types and sizes 2020 Media! To save your files a cyberattack can compromise data and other assets, put your customers and at! News and updates from the world of information security SMB 's network files to from! That 80 % of cyber attacks on small businesses receive the latest news and updates from world.