October is Cyber Security Awareness Month
According to the Federal Communications Commission (FCC), theft of digital information has become the most commonly reported type of fraud, even more than the theft of physical property. As more businesses are making the digital transition, planning for cyber threats is something every business owner should take seriously.
Some businesses, especially smaller businesses, may believe they need little to no cybersecurity plan. They may find cybersecurity too advanced or think it unnecessary for their operations, but that does not mean that hackers are not targeting them. We’ve all heard horror stories about ransomware, which can take your network hostage and prevent you from accessing your information until you pay a ransom to the attacker. Small, medium and large scale businesses are all vulnerable to this type of attack, and 33% of businesses end up paying the ransom demanded.
Another significant area that every small business should be concerned about is business insurance for data breaches and cyber-security. Keeping the personal information of your clients, employees and your proprietary internal business information safe is a fiduciary responsibility that needs more than awareness, it needs proactive action.
- Protect your network with a firewall. Firewalls will monitor incoming and outgoing network traffic.
- Ensure your Wi-Fi is kept private and use a secure router in a safe location.
- Make sure you have individual accounts and unique passwords for all of your employees. Make sure your employees are trained and aware of your cybersecurity plans.
- Make sure you have an on-site “security” monitor or manager, or better yet, make sure you consult with a remote IT support company like our friends at End User Valet.
Make sure to wear the hat of the cybersecurity manager. Use these tips when you begin implementing cybersecurity measures into your business. While you may not be an IT professional, your future self will thank you for taking preventive measures.