How Can You Protect Your Business From Cyber Attacks?

How Can You Protect Your Business From Cyber Attacks?

Protecting your business from cyber attacks is crucial in today’s digital economy. Find out the best strategies to keep you safe online in this article.

With more businesses utilising cloud storage and other means to store their data online, they have also become more vulnerable to cyber attacks. From online communication to collaboration, many businesses have numerous security weaknesses, more than one would typically expect. Cyber-wellness is also multi-faceted, and attacks can come from many angles.

If you’re a business owner, it is in your best interest to learn how you can best protect your business from cyber crimes using these short tips below.

Get Cyber Insurance Coverage

Though this is not a form of protection in and of itself, cyber insurance can be helpful in preventing major losses in the event of a cyber attack. As cyber attacks become more frequent every year, it’s important to be insured, so that if your data is breached, you are able to recover it more easily.

There are two types of cyber insurance commonly available:

  • Ransomware coverage
  • Negligence coverage

Multi-Factor Authentication (MFA)

Using MFA can be a life-saver, especially if you are the kind of business that uses a multitude of online tools such as Google Suite products. Multi-Factor Authentication requires you to use multiple devices, such as a desktop and a phone, in order to access your account. This means that even if one device is hacked, you will be able to stop them from accessing it via the other.

MFA usually works by using a secret word or code, which can only be retrieved via a logged-in device. This makes it easy for you to log in, while keeping your data safe from hackers. It’s recommended that you use MFA on as many platforms as is available, as it adds another layer of security to your password logins.

Backup Your Data

Though important, backing up your data is an oft-neglected task by many businesses and even personal account users. Backing up your data is easy, and can be done both offline into an external hard drive, and online via tools such as Apple’s Time Machine. This is important in the case of a crashed device — as all your data is stored on your device, it may be lost forever without it.

Backing up your data is also important in the case of data corruption. You can backup your data to a secure cloud network, which will prevent a local corruption of your data. Platforms for data backup include Dropbox and Google Drive.

Secure Your Network

Wherever you work, it’s important to have a secure internet connection and network. Did you know, many public wifi connections in Singapore are not properly protected? This has made those who use public wifi vulnerable to cyber attacks, especially if they are doing confidential work for their businesses.

If you’re looking to secure your network, install a reliable firewall to filter spam and computer viruses which can damage your data. You should also install a security system to screen websites and downloads, and update it regularly.

Hire a Cyber Security Expert

If you’re looking for the best protection possible, you can enlist a dedicated Data Protection Officer to advise you on the best way to protect your data and business. These experts can also train your team on cyber security, in order to ensure that your business remains free from cyber threats. This will help you keep your cyber defence consistent.

Conclusion

Any business today will tell you the usefulness of online platforms to market their products. However, it remains imperative that these online platforms and the data received from them will remain highly secure, in order to ensure the safety and security of your business. As such, use these cyber safety tips to protect your business online, and keep you free from cyber attacks.

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Joan Ang
Joan Ang
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