How to Enhance Cybersecurity to Protect Your Business from Losses

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As the digital world continues to evolve every year, new and exciting technologies, the growing demand for businesses to have an online presence and even the connectivity of social media all mean that web users are now more prone to cyber attacks than ever before. With this in mind, you may be wondering what you can do to enhance your cybersecurity to protect your business from losses.

Important information about cyber attacks

It’s no secret that innovation is happening on a digital and global scale, but the bad news is that this can be just as beneficial for fraudsters as it can for individuals and businesses. There is high-functioning tech out there that can scan the net to not only detect unsecured networks, but also those that are lacking in the correct defense protocols. SMEs (small to medium enterprises) are the most targeted businesses and cyber attacks can range from malware viruses and data phishing, right up to denial of service attacks and more.

While criminals may be getting more and more creative in their endeavours, there are a host of individuals and even companies out there providing professional assistance with a dedicated approach to thwarting criminal activity, so there are plenty of procedures you can put in place to safeguard your business affordably and comprehensively.

Protecting your business from costly attacks

With an increase in third-party cloud services, the popular usage of mobile devices and the Internet of Things working within our homes and offices to automate a host of processes via machine-to-machine communication, hacking is no longer an issue that affects websites alone. Businesses can suffer the following types of losses:

  • Charges incurred when fraudulent activity takes place
  • Expenses incurred when compensating those affected by data breeches
  • Reparation costs for events like internal server breaches
  • Reparation costs when rebuilding brand reputability

While you will need to pay for cybersecurity protocols, the fact of the matter is that it’s better to pay for affordable preventative measures than run the risk of losing hundreds of thousands of pounds in the blink of an eye.

With this in mind, the best thing to do is increase your current set-up with professional advice and support and undertake a combination of the following to suit your business’s needs:

  • Increase security awareness protocols
  • Perform computer updates
  • Install multi-factor authentication
  • Perform security assessment services and software
  • Install firewalls
  • Implement contingency planning
  • Add security incident and event management protocols
  • Enhance mobile device security
  • Make use of encryption software
  • Comprehensively secure your business systems
  • Backup all of your important data
  • Add web gateway security software
  • Employ advanced endpoint detection and response protocols
  • Perform research on the Dark Web

One of the best tools at your disposal is prevention. With the speed, accuracy and variety of cyber attacks out there, it can be worthwhile to adopt the mindset that an attack will happen, it’s just a matter of when. If you safeguard yourself against a likely attack as opposed to assuming that your business will be safe, you can save yourself significant time and money if the worst should happen.

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Heather Jones
Heather Jones
Heather Jones is the Social Good reporter at Businessner, covering online stories about digital activism, climate justice, accessibility, and more. Outside Businessner, Heather is an avid film watcher, bread maker, concert goer, and California enthusiast. You can catch her writing from the comfort of her southern porch with a cup of Earl Grey tea.

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