Cybersecurity Best Practice for Entrepreneurs

A post by Lindsey Weiss

At Fightback Ninja Blog, we know that cyber threats are more common than most people think. While many aspiring entrepreneurs think they don’t have to worry about cybersecurity until their businesses really take off, no one is immune to these threats. In fact, hackers often single out small companies because they’re easier to infiltrate. Small businesses tend to lack the sophisticated cybersecurity systems employed by large companies, and cyber criminals have a better shot at success by targeting weak systems. To ensure your new business is safe from cyber threats, we’re here to share a few essential tips!

Understand Your Vulnerability

Why should you care about cybersecurity? A cyber-attack or data breach at your business can lead to significant losses. A cyber-attack can destroy your reputation and erode your customers’ trust in your brand, leading to loss of customers and loss of sales. Beyond this, a cyber-attack can directly result in financial losses arising from theft of financial information, ransomware demands, and website downtime. Not to mention the costs associated with repairing systems and devices as well as the legal consequences that follow a data breach.

Clearly, there’s a lot at stake. Let’s discuss some ways to prevent these losses and ensure your business is safe from threats.

Save Sensitive Email Information in PDFs

Businesses all over the world send countless emails every day, many of which contain sensitive information like financial data that cybercriminals would love to get their hands on. Email security is essential. To reduce the risk that a criminal can exploit information shared in a business email, try to convert emails to PDF files. Keeping sensitive information in your inbox leaves it vulnerable and prone to data loss. By converting emails to PDFs, you can save important information on your local computer and protect documents with passwords to ensure an additional level of security.

Follow Password Best Practices

We all know that it’s important to create strong passwords, but what does this really mean? Small Business Trends explains that password best practices go beyond the creation of strong passwords through a mix of letters, numbers, symbols, and upper and lowercase characters. While this is an important first line of defence against hackers, there’s more you can do. Use two-factor authentication to ensure you have to verify long-in attempts involving your username and password. This will keep criminals out of your accounts, even if they gain access to your log-in information.

Use Reliable Cybersecurity Software

Antivirus software is crucial for protecting your business from threats. TechForce recommends strongly against relying on the software that came with your computer as this is likely designed to protect consumers rather than businesses. Invest in an antivirus solution that offers the level of protection required for your business. Do your research and read online reviews from other entrepreneurs to make sure the software you choose will meet your needs.

Establish a Recovery Plan

Even if you implement strong safeguards to shield your business from cyber attacks, it’s important to establish a recovery plan so you know what to do in a worst-case scenario. The faster you act after an attack, the more you’ll be able to minimize your losses. First and foremost, be sure to maintain regular backups of your business data so you can get back up and running as soon as possible after a data loss event.

Once you establish a reliable backup and data recovery plan, make note of all the other steps you’ll need to take in the event of an attack. For example, plan how you’re going to identify those affected by the breach and notify your customers. You may also want to consider investing in cyber liability insurance to help you recover from a cyber security attack.

If you plan on launching your own business in the near future, take the time to learn about cybersecurity. Implementing good cybersecurity practices like using two-factor authentication, converting emails to password-protected PDF files, and purchasing robust anti-virus software will ensure your business will withstand anything cyber criminals throw at it!

If you have any experiences with these scams do let me know, by email.

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