As we develop and undertake new technology for our businesses every year, it seems like our security risks are as prevalent as ever. With every new platform or trend, there’s a new uncertainty. Many business owners and CEOs don’t realize these cyber-security threats exist and, as a result, don’t take the necessary precautions to limit breaches. Make sure you’re aware of these risks your business might face in 2019:
Over the last few years, cyber-criminals have relied on ransomware to target unsuspecting users and force them to follow their commands. The way that ransomware works is it locks users out of their accounts or computers and will only offer access if they comply with the ransomers’ demands, which could include paying a large sum of money. The problem is that either accepting or rejecting a cyber-criminal’s requested payment will result in detriments to your business. If you refuse to comply, your business could be jeopardized. If you accept and pay the ransom, you lose credibility and something valuable to your company. Either way, employees should be aware of this type of threat and avoid it at all costs.
Internet of Things (IoT)
Nowadays, there are a wide variety of devices in a business, and not all of them are monitored. IoT devices could pose a significant risk if businesses refuse to acknowledge and secure them. The number of devices will only increase, and most aren’t even categorized or tracked by the business. To put a stop to this, companies should set up a verifiable system of monitoring and create an inventory to stop breaches. As the number of endpoints continues to increase, businesses need to be more diligent in keeping an eye on every device present.
New Laws and Regulations
Last year, many rules and regulations were put in place to protect businesses and their employees from cyber threats. Instead of helping to decrease risks, cyber regulation enforcement could distract companies from what’s important. Businesses need to keep track of the new laws in 2019, but still focus on remaining proactive in defending themselves from threats. Finding an equilibrium between following regulations and building a strong security system is essential.
It’s difficult to understand, but one of the most common causes of cyber-security threats to a business is an employee. The problem is that employees don’t recognize the threat that they themselves pose. Every employee of a business affects cyber-security. It’s important to train your team and teach them the do’s and don’ts of your infrastructure and how to identify risks before they fall prey to them.
We’ve all been there. You need to print an important document and your printer refuses to play nice! So you try again with the same results, desperately trying to figure out why your printer is having trouble doing its job all of a sudden.
We use our wireless networks every day with hardly a thought as to whether they are functioning properly or secure. Unfortunately, our attitude towards updating and maintaining our networks regularly is much the same and that can leave you, your business, or your family frustrated and at risk.
If you own a business, at some point and time you will hear the words ‘Data Migration’. But what exactly is data migration and do you really need it? First, let’s start with what is data. In your business, data is all the information that is needed to run your business. Information about your employees, your clients, your vendors, your inventory, your business rules, and any other details that are required to keep the business operating. I think you can see now that data in your business is not only vital but there can also be a lot of it.
Every day in the news is another report on a security breach or password hack and, if you’re like most people, it makes you wonder just how good your passwords really are. Unfortunately, if you are like most people your passwords are not only easy for you to remember but easy for hackers to figure out too. So what can you do to make sure the baddies don’t get access to your sensitive information while still making the passwords easy to remember?
Any business using social media needs to create documentation that outlines and addresses how its employees are expected to act online. This document should not only outline how employees use social media for the business but also their personal social media profiles as well. We are not suggesting an Orwellian scenario where employers dictate what employees can do in their personal lives. However, employees should be fully aware that they represent the organization both at and away from work. Anything employees do on social media, good or bad, will reflect on your business.
It is a hard, cold fact that data breaches are a way of life now. There really is no 100%, fail-safe way to prevent a data breach from happening. Eventually the odds of your business experiencing a cyber-intrusion are going to run out. According to the 2017 Ponemon Cost of Data Breach Study, the global cost of data breaches was $3.6 million last year with more than 24,000 records involved and that number is rising steadily.
In 2016, the number of websites hacked increased 32% over 2015 and that number is expected to continue to increase every year. While a frightening statistic, there are many things you can do to ensure that your website is as secure as possible. Below you will find the top 10 ways you can decrease the chances of your website being hacked.
Every business, small to large, needs to have policies in place to make it crystal clear to all employees what is expected of them in various situations as well as specific tasks that need to be done and who is responsible for those tasks. However, many companies still do not have these vital resources in place. Why? Sometimes it is a simple oversight. Other times the thought of putting together company policies can be overwhelming or just too time consuming to do.
Regardless of the reasons, having formal policies in place ensure that your business keeps running smoothly and, in many cases, is protected legally should something not go according to plan. Below we will explore the basic policies that all businesses should have.
Being a business owner requires enough responsibilities and skills without having to be an expert in information technology too. However, in this day and age, every business owner must at least have a basic knowledge of technology and what is needed to run and protect their business. So here are a few important things you need to know to start 2018 on the right foot.