Big brands are spending on bug bounty programs, and many have opted to increase their cybersecurity budgets by 100%. As a small business owner, if you are thinking that you are not on the radar of cybercriminals and hackers, you are probably making a huge mistake. In fact, cyber security concerns are same for every enterprise, and hackers have their own ways to make money from every security breach. For your help, we are sharing a few ideas, recommendations and practices that can help addressing cybersecurity concerns better.
Identify your risks first
Awareness is the first step towards having a proactive stance to cybersecurity. You have to identify the ways in which other companies have been attacked by hackers, and your defense system should mitigate those risks. The most common kind of cybersecurity concern is ransomware. In this case, hackers get access to data and arm-twist businesses into paying a ransom. Other common concerns include malware & phishing attacks, password hacking, access to privileged accounts, DDoS attacks and social engineering attacks.
Train your people
People are often the weakest point of a cybersecurity program. Many of them have no clue of what could be termed as a ‘risk’ from the point of security. For instance, employees working from home or while using other networks may not be using a VPN at all. We recommend that you include cybersecurity as a part of the onboarding program. Regular training should be a part of your yearly schedule.
Do the basics
- Ask employees to use strong passwords and a password manager
- Use multifactor authentication when required, especially for privileged accounts
- Use a firewall and a reliable antivirus program
- Update all software and firmware
- Get your system and networks tested and scanned regularly for vulnerabilities
- Get rid of old software programs that are not in use
- Consider using network segmentation to reduce risk and impact of security breaches
- Use an antimalware program and train people on phishing attacks
- Establish clear guidelines for safe browsing practices
- Make people accountable for the resources they access
- Figure out the best way to backup critical data
- Ask employees to use VPNs for accessing company resources on other networks
- Watch out for privileged accounts
- Consider multifactor authentication for critical resources and accounts
- Hire an ethical hacker to hack into your system to find vulnerabilities
Finally, do develop an incident response plan, which is critical for every organization, so that damage control following a security breach is done as per standards.