What can a Cyber Security Plan do for Small Businesses

Small Business owner

According to a survey from an online business management solutions provider MYOB Group, only 13% of small businesses have a plan to protect their confidential data from online fraudsters.

Any type of company small, medium or big enterprises can become the next target of these scammers. The only difference is that big businesses may always have an action plan for such attacks. Small to the medium businesses should consider investing in a cybersecurity plan as they are unlikely to be as well prepared as larger enterprises.

Anyone from your business can be tricked from a cyber attack. Clicking on a download link in an email attachment that may contain a virus. By this, your important files can leak and scammers can gain access to them. Recent examples of these attacks are called ransomware. Ransomware is an attack that tricks an individual from downloading a zip file commonly from emails and then opening it to be extracted. This then puts the user’s files to be encrypted and can only be open by contacting the scammer and paying a ransom.

Other cyber attacks may also involve ‘false’ invoice being sent to a business and money being paid to a fraudulent party. In some serious cases, a business can have its bank account emptied in a cyber attack, which could force the enterprise to close down. Some cyber attackers are so sneaky that they seek client information which can be used in identity fraud.

Here are some cybersecurity tips that can be useful for Small Business owners

  1. Train your employees to be vigilant enough dealing with in security principles.
  2. Having the latest security software, web browser, and operating system are the best defenses against viruses, malware, and other online threats.
  3. Install a firewall to prevent outsiders from accessing data on a private network.
  4. Regularly backup the data on all computers.
  5. Control physical access to all your computers and create user accounts for each employee.
  6. Aside from a good password for your Wi-fi, make sure to hide its Broadcast name.
  7. Implement multi-factor authentication that requires additional information beyond a password to gain entry.

Visit us at The TelcoSpot to learn more on cybersecurity.