Many businesses have successfully made the transition to digital and are thriving!
A business will need to protect any digital information that the business creates and stores, plus any information you collected from customers. Providing a secure system is critical to protect a business from cybercrime and build and maintain customer trust in the business.
But how do you protect your business from cyber threats?
Follow these 11 steps to help protect your business from cyber threats:
- Back up your data: Backing up a business’s data and website will help to recover any information lost if a cyber incident or computer issues occur.
- Secure all devices and network: Make sure the software is updated. Install security software on all business computers and devices to help prevent malware viruses. Set up a firewall as a gatekeeper to your internal network and turn on spam filters.
- Encrypt important information: Encryption converts data into a secret code before it is sent over the internet. This reduces the risk of theft, destruction, or tampering.
- Ensure you use multi-factor authentication (MFA): Multi-factor authentication (MFA) is a verification security process that requires two or more proofs of identity before access is granted to an account.
- Manage passphrases: Use passphrases instead of passwords to protect access to devices and networks that hold important business information. Passphrases are passwords that is a phrase, or a collection of different words. They are simple for humans to remember but difficult for machines to crack. For more information on passphrases, see Australian Cyber Security Centre.
- Manage Administrative privileges: Administrative privileges allow someone to undertake higher or more sensitive tasks than usual, such as installing programs or creating other accounts. These will be very different from standard privileges or guest user privileges. Criminals will often seek these privileges to give them greater access and control of a business.
- Monitor use of computer equipment and systems: Keep a record of all the computer equipment and software that a business uses. Make sure they are secure to prevent forbidden access.
- Put policies in place to guide staff: A cybersecurity policy helps staff to understand their responsibilities. Viruses can slow down personal computers to a crawl and make working on them practically impossible. This can cause a lot of wasted time for employees and often bring an entire business to a standstill.
- Train all staff to be safe online: Staff can be the first and last line of defence against cyber threats. It is vital to make sure all staff know about the dangers they can face and the role they play in keeping a business safe. Cybersecurity can help employees to work confidently without losing business information and becoming a victim of a cyber-attack.
- Protect your customers: One of the most valuable commodities in the digital age is personal information. If a virus is able to obtain personal information regarding your employees or customers, they are quite capable of selling that information on or even using it to steal their money. All customers information must be safe. If a business loses or compromises customer information, it will damage a business reputation and possibly have legal consequences.
- Consider cybersecurity insurance: Cyber liability insurance cover can help a business with the costs of recovering from an attack.
Business.gov.au has developed a digital transformation guide understanding the benefits of going digital and what that means for small business. Luckily, cybersecurity doesn’t have to be complicated.
For more information, visit the below references: