With the Internet’s never-ending growth, the dangers we have to face online have also become more prevalent than ever before. Various cyber attacks, data breaches, and other cyber threats seem to be growing in number all around the world.
Of course, many organizations try to counter these threats. The goal here is to ensure the customers that their data is in good hands and secure. One of the famous solutions has been GDPR — an EU law regulation focused on data protection and personal information.
However, not even GDPR can save companies from leaking their customers’ health information or subject them to other forms of cybersecurity attacks. After all, cybercriminals have one notable advantage over standard CEO — they know much more about the Internet.
Data protection has become a crucial sector in the online security industry. After all, who wants to have their bank account details stolen from them? In this article, we will try to look at the problem of cybercrime from an industrial perspective. Is your company ready for another cyber attack? Read further to know more.
Why Is Cybersecurity Important for Businesses?
Every business today has its digital site. And, if it does not have it — it is lagging behind the competition. This fact means that nowadays, every business should think about the importance of cybersecurity.
This point perfectly explains why sites like Bulletproof.co.uk are gaining more popularity by the day. Staying ahead of hackers has become an everyday necessity. Huge companies, government agencies — they all need some form of cybersecurity.
Securing your business data lets your company focus on more important matters and prevents all your work from being wasted. One data breach can spell doom even for a big company that hires a lot of people. Or, at the very least, cost it a tremendous amount of money.
A well-known example of this is the case of Equifax. With the multiple instances of security and data breaches, it had to pay millions of dollars to its customers who were fuming that their personal information was not secure. Cybercrime got the upper hand in this one.
What is more, saving your company from the threat of cyberattacks will raise your company’s esteem amongst customers. People nowadays are scared of threats like identity theft and exposure of sensitive information. If your organization manages to keep its information security top-notch, it can gain a lot in their eyes.
How to Protect Your Company From Cyber Attacks?
You need to understand that many hackers and cybercriminals are out there waiting for you to slip up for just a moment. They may not even plan to attack your industry in the first place until you become an easy target. To not let it happen, you have to keep a close watch on your cybersecurity measures.
One way to boost your cybersecurity measures is by enforcing multifactor authentication (MFA) in your system. This added measure can help secure your data by adding an extra layer of protection during the sign-in process. This means employees who want to access accounts, apps, and data must provide additional identity verification, such as one-time-pin received thru email or mobile phone.
Ask yourself: are my cloud storage services safe? Is my Wi-Fi connection sufficiently secured? Is the antivirus software installed on my computer systems the best on the market? These kinds of questions should give you some idea about what needs to be improved in your organization.
Always install reliable products. Maybe training artificial intelligence that would give more protection to your business is worth it? The cost of losing a year’s worth of data is much higher than investing right now in security measures that can save you from security breaches.
More so, investing in Secure Access Service Edge (SASE) for industrial companies with multiple branches can be a good idea. It is an advanced IT security technology that can identify devices and users regardless of their location. This IT infrastructure can apply policy-based security controls and deliver secure access to the appropriate data or applications.
What to Do After Implementing Tech Solutions?
Remember to train your personnel, so when the danger arrives, they will know what needs to be done. Introduce the idea of security culture. Perhaps you can demonstrate to your staff the most popular types of personal information leaks and social engineering scams? Equip them with valuable resources.
Essential things they should know about also include: often used hacks for social media accounts, popular information theft methods, dangers of using unsafe cloud services. Remember that your employees are the ones who work as the face of your company, and as such, they are the most popular targets of cyberattacks.
Suppose you do not feel like you are qualified enough to give such a lecture. In this case, contact some cybersecurity professionals. They will surely know how to show the growing importance of cybersecurity to your staff. Many organizations are specializing in cybersecurity. Pick the best one for you.
Furthermore, you can engage the services of IT professionals to further strengthen your company’s IT infrastructure and business data. Managed IT service providers (MSPs) offer round-the-clock and full-range IT support for your peace of mind. Aside from cybersecurity services to protect your business against vulnerabilities and cyber-attacks, their services may also include cloud solutions, disaster recovery, and a wide area network or WAN acceleration.
What Are the Most Popular Types of Cyber Attacks?
To protect your business better, you need to get to know the enemy you are fighting. A cyberattack can come in many forms. However, some of them appear more frequently than others.
- Social engineering: With social media playing a significant part in our communication, it comes as no surprise that social engineering scams are very often occurrence. Businesses that hire a lot of employees should be extremely wary of this kind of cyber threat.
- Man-in-the-Middle attack: This kind of cybersecurity threat happens when the criminals put themselves between two parties who believe that they are communicating with each other. One method involves a criminal inserting themselves between public Wi-Fi and some device used by the employee. Many organizations have already become victims of this cybersecurity threat.
- Phishing: This type of cybercrime uses the naivety of Internet users against them. Criminals start by posing as some well-known companies. Then, they try to convince the recipients of his messages to click on the harmful link. This way, they can steal valuable data like credit card information.
- Ransomware attacks: This cyber threat attack uses a malicious software program that will block any access to the computer system until the user pays the ransom to the hacker.
The Bottom Line
Whether your business operates in the United States, Canada, or any other region of the world, never forget that cybercrime is present everywhere at any time. One day you might be a successful Canadian CEO on top of the thriving organization and the other a bankrupt, cursing the criminals who made your life much worse.
The way to not let this happen is through cybersecurity. Cybersecurity is the factor that differentiates good organizations from great ones. And if you want your business to find itself in the former and not the latter, now you should know what you have to do.
Take care of your customers’ information, and they will love you for it. Leak their social security numbers and prepare for the backlash. Such is the cost of running businesses today. Cybersecurity is vital, and we have to accept it.