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Protecting Your Business From Cybersecurity Threats

Protecting Your Business from Cybersecurity Threats

Whether it’s the implementation of logical access control, better password management, or encouraging smarter encryption techniques, it is extremely vital that businesses do all they can to protect themselves online by mitigating cybersecurity threats. No matter the size of your business, cybersecurity should always be one of your top priorities. In fact, in Verizon’s 2018 Data Breach Investigation Report, 58% of data breach victims were small businesses.

Furthermore, according to the National Cyber Security Alliance, 60% of small businesses that are attacked by cybercriminals are shut down within six months of an attack. So, although the Internet is now one of the largest places to do business, it also comes with a significant amount of risk.

Protect Your Business with Improved Cyber Security

However, being informed is always the best first step to take in cybersecurity to guard your company against potential threats so here are a few things you can do to better protect your business and assets.

Implement Logical Access Control

It’s estimated that on the Internet alone, there are nearly 1.2 million terabytes of data. So, as you can imagine, with so much information available at the literal click of a button, there is a necessity for logical security. Logical Access Control refers to safeguarding that can be put in place to protect your data and the storage where your data is stored and only available to those with certain permissions to gain access. Logical Access Control ensures that no person without proper credentials cannot get access to computer systems, thus keeping your network safe from intrusion.

A few examples of Logical Access Control include User Profiles and Biometrics

  • User Profiles provide authorized individuals with access to the system while a shared network monitors and records users who modify documents for later reference if fraud is suspected
  • Biometrics use physiology such as retina scans, fingerprint analysis, and voice recognition as a means of identification.

Encourage Better Password Management

Long gone are the days where “tuxedo123” is an acceptable password. With the amount of password cracking tools that are available, using a weak password for your computer is not only a risk to you but a major risk to the business. To avoid this, password settings must now include a mixture of characters, numbers, symbols, and upper/lower case letters and regular password updates should be enforced to ensure ongoing protection.

Two-factor authentication is also an increasingly productive technique that, by adding an associated mobile number, whenever you try to sign in your account, you will be asked to enter a specific security code which you received via text message or different preferred method. Passwords are the key to a company’s confidential information, so it is crucial to follow a few basic rules when creating and managing passwords for your company such as do not use the same password for different accounts, always change default passwords to unique passwords, and use a password manager to store passwords safely.

Discourage use of Public Wi-Fi Networks for Work Purposes

Free public wi-fi is one of the most often forgotten concerns for employees. When connecting to a free wi-fi network, you are generally working on an unencrypted network, which means anyone with hacking tools can see what you’re working on while connected to the network such as websites you’re visiting, what you’re typing, and any personal information being transmitted.

Other common ways hackers can get ahold of your information on public wi-fi- networks include:

  • Man-in-the-Middle (MitM) attacks
  • Malware distribution
  • Snooping/sniffing

This is why it is extremely important to educate staff on how to use personal and work devices in ways that minimize their risk of being hacked. Such education should include clear definitions of what unsecured networks are, where they are commonly found, and how to verify if a network is secure.

Let TED Systems help you improve your business’ physical and digital security so you can keep your employees and information safe at all times.

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