5 Best Cybersecurity Tips For Small Businesses

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. With more business being conducted in cyberspace, the need for effective cybersecurity is of the utmost importance. The following contributed post is entitled, 5 Best Cybersecurity Tips For Small Businesses.

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It is a big mistake to think that owning a small business reduces your risks of a cyber attack. And this erroneous mindset can cause budding entrepreneurs to compromise their cybersecurity practices. In fact, the United States’ Congressional Small Business Committee discovered that 71% of cyber attacks were targeted at businesses with fewer than 100 employees. Learning Cybersecurity Basics can help you run your business smoothly despite the rampant cyber threats seen in the current season of the pandemic. On that note, here are five of some of the best cybersecurity tips for small businesses.

1. Use a firewall

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A firewall may act as one of the first security layers on your business. According to the Federal Communications Commission (FCC), all SMBs need to set up firewalls to create strong barriers between their organizational data and cyber-criminals. It’s also necessary to add an internal firewall, even if you have a standard external firewall. Ensure that your employees who are now working from home due to the Covid-19 pandemic use firewalls on their home networks. In general, firewall software can greatly improve your business’ network security.

2. Document your cybersecurity policies

Revamping your organization’s cybersecurity culture starts with documenting your cybersecurity protocols. The SBA’s portal provides tons of useful information on how small business owners can protect their online businesses. Consider taking part in the C3 voluntary program for small businesses, as it offers a detailed toolkit for the best cybersecurity protocols and practices.

3. Develop a mobile device action plan

As much as they account for a large portion of web traffic, mobile devices may also create significant security challenges. That’s if they contain personal information or gain access to corporate networks. Management needs to configure systems requiring all users to password-protect their devices. You may also want to ask your team to install security apps and to encrypt their data. These can bar cyber-criminals from breaching employees’ mobile devices when they are connected to public networks. Create a mobile device action plan by laying down reporting procedures for stolen or missing equipment.

4. Use complex passwords and multiple-factor authentication

Ask your employees to avoid costly password mistakes. For example, encourage your employees not to reuse their passwords but instead to use strong and unique passwords. You can also consider implementing multi-factor authentication codes such as 2FA; these will demand extra information beyond passwords when unauthorized users attempt to log in to your systems. Find out from vendors who handle sensitive information if they can help you set up multi-factor verification codes for your business accounts.

5. Train employees on cybersecurity principles

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Finally, outline basic cybersecurity principles and practices for your workers to observe. Establish an effective internet usage guideline, and spell out the penalties associated with workers who violate your company’s cybersecurity principles. Management can create rules of behaviors detailing how the business protects customers’ valuable information.

Backup your essential business data along the line as you implement all effective cybersecurity measures. Automatic backups can safeguard your financial files, word documents, and other critical databases.

4 Ways To Improve The Security Of Your Business

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. No matter how novel and exciting your business idea is, you must secure it. You must optimize the security of your business on numerous fronts. The following contributed post is entitled, 4 Ways To Improve The Security Of Your Business.

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Regardless of the kind of business that you operate, you’ll want to keep all of your assets safe and sound. Whether it’s stock, technology, data, or money, there are several ways that you can enhance your security.

1 . Invest in CCTV

A good CCTV system is a must-have to keep your premises protected. CCTV cameras can function to deter criminals from targeting your property. As well as this, a CCTV monitoring system means that you’ll have evidence should a crime occur. The theft or damage of equipment or data will cost your business time and money both. CCTV can serve as a good damage control solution should the worst happen. Should extreme damages occur in the event of a break-in, it’s a good idea to call upon commercial restoration companies to provide help. Such companies can also assist in the event of high scale damages; from extreme weather to other structural disasters.

2 . Hire a security guard

To protect your business premises, a security guard can be a great call. Having a well-trained security professional will provide you with peace of mind that your building and employees are safe. A security guard will be able to monitor video surveillance around the building and ensure the correct access to the correct people. They can check ID and direct visitors as needed. Again, a security guard alone can be a great deterrent to potential thieves.

3. Cybersecurity

In the modern business world, cybersecurity is just as big an issue as physical security. It’s essential to put means in place to protect yourself online. When employees are accessing your network, ensure that you implement a multi-factor authentication system. Such a system involves several different checks to prove the identity of the employee. From biometric traits like fingerprints to codes sent via SMS; you can be sure that the right people have access. It can also be useful to hire an IT professional to perform a cybersecurity audit. An audit can identify and fix the weak points in your security system. When you implement new security solutions, ensure that you train your staff in terms of best practices. Using the internet to help your business can only be successful if you know how to stay safe online.

4. Install an alarm system

An effective alarm system is a great way to improve the security of your business. Such systems can alert the police quickly and efficiently should there be a break in. Regardless of an alarm system, it can be a good idea not to store all your valuables on-premises. Some businesses like to invest in storage solutions to have another place to keep valuable data or assets. Spreading your assets over multiple locations can be a good damage control solution.

Lastly, make sure that you backup your valuable documents and data and use the cloud as much as possible. If you’re concerned about cybersecurity, it can be beneficial to invest in a cybersecurity insurance policy. These policies can cover you in the event of a data breach, including any loss of revenue incurred as a result.