Is your business safe? Why do small business need to Watch Out?

Thinking yourself as a small business to attract hacker’s attention? A mistake, your company might be the one, Next on the queue.

As a small business owner, you might be enjoying the serenity, you might be proud of your business set-up, with no threats so far.

This is far from the truth. Hackers are intelligent, they start thinking far beyond your reach. They know the amount of investment made on the sophisticated resources which a small business usually doesn’t do.

Yes! Small business is not on the most wanted list.

According to the statistics revealed by the Verizon Data Breach Investigation Report, 53 % of the cyber-attacks are targeted to small business.  By 2017, the number exceeded to 61%, while the enterprise-level business can invest millions in security, the small business does not have a dedicated IT team.

 

Quick basic security measures, you should take;

  • Update browsers and system when new updates are out.
  • Add passcodes if accessed system in public wi-fi networks.
  • Add multi-factor authentication to every access point.
  • Safe-guard your PCs & device by installing anti-virus software.
  • Shred documents containing sensitive information.

 

Areas targeted by Hackers

  • Extortion: 20 years earlier, computer worms were the only attacks. Security software wasn’t much in the market and therefore worms were enough to damage the entire system.

Today, malware is rising. Technology improvement aims to encrypt target files in PC.  A simple technique exists. You won’t be able to access your own file till you pay them their demanded amount.

The attack works in a minimal effort. And business which has no external data backups end up paying more.

The best defense attested with it is, strong security (firewalls), and up-to-date-off-site backup.

 

  • Attack on Customer Data: You are responsible for your customer data record. These records include, addresses, name, date of birth, bank details and many more.

Clients information are really valuable to criminals. They either use it personally or sell them to third-party. Several states have their own rules and guidelines regarding data protection. Failing to comply the clauses can result in heavy penalty.

Australia do have Data breach laws, and it is the responsibility of the business to prevent the situation of data breech.

  • Aim on Financial Information: Credit card information and sensitive details are the key target for hackers. If obtained by them, your business reputation shall be on stake. Even a blunt mistake in this can take ages to repair the goodwill of the company. Many companies failed to recover and retain their customers after such.

 

  • Socializing in Social Media: Attackers seek information from the material you have circulated in social media. Small business when expressing their momentum moments in social media, disclose their client information which in fact becomes easier for the hackers.

Be cautious when supplying information, discussing business in social platform. They imposter you by faking as a IT company or departments or staff from the other branch and so on just to grab the information. For an instance, they can call you as the internal team of Microsoft just to access your PC. Before allowing them to access any sensitive information just do a bit of research.

 

What can you do, if your business is the next target?

#1. Start with Risk Audit:

The basic defense begins with security audit. Entity who analyze risk better than manage cyber threats. Small business should initiate the concept of risk audit to identify and define the risk related areas. After that you know when, what and where to protect.

You will be left amazed, at the amount of data that needs due attention and vigilantes.

 

#2. Employee Error:

Malware attacks begins with a single error, such as clinking on unidentified links. Accidental breach caused by employees operated by third party can be major problem.

A culture of security should be maintained. Training and security awareness programs are an important and effective means to decline the potential of costly errors. It makes them aware on how handle sensitive information and system.

 

#3. Back Up Date

There are few large entities holding turnover of more than million but when talking about data backup they use G drive! How can the whole of your business data fit in G drive? Do you think its safe? Well not, ask your employee once, talk to them about its operation, you will understand their problem. One major is, it’s slowdowns the work operation.

Regular data back up is important. Automatically storing the back up in secure cloud is defensive. As said earlier, the malware holds the ability to delete your important files, or worse, hackers can encrypt your entire computer, effectively blocking you from accessing & retrieving your documents. To get that, you need to pay them ransom.

Instead of using physical back-up drive, you can create a physical back-up located off-site in case of fire, theft, or another calamity.

Similarly, do you want a quality security storage solution like VMware, Storage Craft and more, which can protect your sensitive data. A Local storage for your business is in fact a proper solution, where they take care of your on-site and off-site data restoration.

A proactive monitoring is just what you need to do. You no longer need to physically restore it anywhere nor do you have to worry about getting the data into wrong hands.

By actively monitoring the organization’s potentiality, Binary IT figures out the local storage need for your business. We shall further look into the threats, firewalls, content filter and spam blocker, by keeping every possible threat out from the network.

If you need any help to grip your business security, contact us, 1300 138 600 or (02) 8319 9444 or e-mail us at info@binaryit.com.au !