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Preventing cyberattacks on your small business: The budget steps!

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Despite spending huge on cybersecurity, businesses around the world continue to deal with hacking attempts, security breaches, and data theft. Hackers and cybercriminals have been innovative in their approach, and while nature of breach may differ, there is no denying that these cybercrimes are often about exploiting existing security vulnerabilities. In this post, we are sharing quick tips to prevent hack attempts without spending a fortune. 

Know your concerns

Many small businesses are still not aware of their cybersecurity concerns and risks. Enlisting these is the first step towards taking action. For instance, are your employees aware of the different types of malware that are being used by hackers? Do they know what a spam email looks like? Or what are the different social engineering tactics? Make a list of the immediate concerns and cybersecurity threats, so that preventive steps can be taken. 

Protect your passwords

  • Create strong and long passwords with at least 10 characters
  • Do not reuse passwords
  • Change all default passwords as soon as possible
  • Change all default usernames
  • Ask employees to use a password manager
  • Where required, including a second or third-layer of authentication
  • Review your existing password management rules

In addition to all of that, consider having an access management suite, so that access rights and administrative permissions can be controlled in real time. 

Engage ethical hackers

While running a bug bounty program may seem like an expensive thing that big corporations specialize in, you have to consider using ethical hackers and their expertise at some point. When these hackers find possible security flaws as per the terms & conditions of the contract, they get paid. Considering what you would be paying as the aftermath of a serious security breach, this price is totally worth it. 

Focus on malware prevention

Trojans, viruses, worms and ransomware are common types of malware used by hackers. Cybersecurity measures should include ways to prevent such attempts. For instance, you can use antimalware and antispyware software for all networked devices, and also use firewalls and tools like network segmentation. 

Get your employees involved

You cannot spend to do cybersecurity alone, and for this to succeed, departments and teams need to come together. Try and get employees involved at all levels, and this may mean conducting cybersecurity workshops and making employees responsible of respective IT-related activities. 

Take the small steps to make the most of proactive cybersecurity measures. 

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