In today's world, every business, whether it's a cozy bakery or a home-building venture, relies on digital technology. This connection to the digital world also exposes businesses to cyber risks, threats posed by hackers and other troublemakers. Cyber risk is akin to someone trying to break into your digital space to steal your money, misuse your data, or cause chaos. Unlike physical break-ins, you can't just move to a safer neighborhood online.
To make things worse, technology is helping bad actors automate and make their cyberattacks even sneakier. Small businesses have seen a rise in attacks like ransomware and fraudulent money transfers. These attackers are using technology to create a global business out of cybercrime.
But fear not! There are ways to protect your small business from these threats. Let's explore four simple strategies that can help you sleep better at night.
Keep your software updated. Just like you update your phone for new features, these updates help fix any weaknesses that hackers might exploit. It's like locking your doors to keep out intruders.
Use tools like Microsoft Secure Score to measure how safe your business is online. It's like getting a security rating for your digital shop.
You don't need to be a computer whiz. Basic steps like setting up extra login checks (multi factor authentication), filtering out suspicious emails and websites, backing up your important information, managing who has special access, and having tools that spot and stop cyber threats can all add layers of defense.
Just as you'd plan for a fire or a flood, have a plan for cyberattacks. Talk to cyber insurance experts to get the right coverage. Work with IT professionals to build a plan to handle an attack if it happens.
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