Cyber security is something all business owners need to take seriously. If your business experienced a data breach, would you be able to come back from it? Would you be able to afford the extortionate fines and the cost of putting it right? What about the damage to your reputation? The best thing to do is make sure that it never comes to this. You can start by avoiding the mistakes mentioned below:
Using similar or identical passwords – Many companies are guilty of using usernames and passwords to log in to internal systems that are identical or similar to those used for other websites. This means that if a hacker has access to one of your accounts, they are going to have access to all of them. All passwords should be different, and they need to be updated regularly. You should never, under any circumstances, keep the default password your vendor supplied.
Taking on everything yourself – If you aren’t an IT security expert, don’t attempt to be. Cyber security is a complex field, and cyber criminals are getting more and more sophisticated in their approach. Choose an IT partner that specialises in cyber security and can put the correct parameters and security systems in place for your business. Every company is different and has varying security requirements, and cyber professionals know how to respond to this.
Not knowing where your data is – One of the biggest mistakes you can make is not knowing where your data is to begin with. If you don’t know where your data is stored, how can you protect it? What is even worse about this is that once a hacker finds your data, you will be none the wiser.
Assuming your employees know internal security policies – Your employees aren’t going to know about your internal security policies unless you implement a training program. They aren’t going to take the effort to look for them off their own back. Moreover, don’t make the error of believing your employees care enough about your company’s security to follow your policy. Again, this falls on your shoulders. You need to get your employees engaged with cyber security.
Failing to vet third parties – A lot of business owners assume that they don’t need to worry about the security their third party providers implement. After all, if a breach occurs, it will fall on their shoulders. Unfortunately, it is very rarely that easy. In fact, trusting contractors blindly is one of the biggest cybersecurity flaws you can make.
Ignoring two-factor authentication – Two-factor authentication adds an extra layer of security to your systems, and it should be used whenever possible. With two-factor authentication, not only will you need to enter a password, but you will need to go through another security procedure in order to access the website or software.
Falling for phishing attacks – You would be shocked by how many people still fall for phishing attacks today. Phishing emails are exceptionally common, and they are becoming more and more convincing. Make sure you train all your employees on the warning signs to look out for.