Cyberlytic news

Essential Tips for Protecting Your Business Against Cyber Crime

Read a guest blog post from Innovate UK, who are the government body leading on all things innovative in the UK.

We’ve all heard of cyber crime and the threat it poses. But, how serious is this threat really? 
The reality is that cyber crime costs UK businesses an estimated £30 billion a year, and this figure is rising. Not only that, but it has caused many businesses to close completely.
Let’s make sure this doesn’t happen to yours! Here are some essential tips for protecting your business against cyber crime.

Identify All Possible Threats

‘Cyber Risk Reviews must consider IT in your facilities such as AirCon, Lifts, Doors, Alarms & CCTV not just networks’ – Cevn Vibert, Industrial Cyber Security Advisory Director at Vibert Solutions

It’s clear that businesses still need to make cyber security a priority.

First thing’s first, run a cyber security audit across the business. This will tell you how secure you are currently, as well as identifying any potential threats.

To stay protected, make sure you stay up to date with the latest cyber threats. Knowing what you’re up against can help you protect your business!

When it comes to cyber security, there are some things to consider:

  • Make sure all your data, including customer data, is backed up regularly
  • Educate staff on cyber security best practises
  • Keep your business safe from phishing attacks
  • Make sure your password policy is protected

But, while all this is important, the threat of cyber attacks can come from less obvious places. Think ‘internal’ as well as ‘external’! Are your employees using home devices at work? These could be infected, and cause just as much harm as a hacker.

The world of cyber crime is constantly evolving. So, it pays to stay in the know!

Make Cyber Security a Business Priority

‘Don’t wait for an incident to occur, act now to protect the network and assets within it. Failure to do so can have significant impacts financially and impact the reputation of an organisation to a degree which they may not recover from’ – Dan Driver, Head of Perception at Chemring Technology Solutions

Make sure hackers have nothing to take advantage of.

To do this, it’s time to start thinking strategically. So, once you’ve carried out your risk assessment, put together a detailed security plan.

It’s your responsibility to ensure all employees get on board with this plan! Inform them that they play an important role in keeping the business safe.

For example, remind them of the importance of an effective password policy. It’s easy to fall into the trap of easy-to-guess passwords! To be completely secure, these passwords should be stored away from the device and should be able to be easily reset.

The number of employees with administrative access should be limited. Plus, make sure you have an insurance policy in place for if your business suffers loss.

Take extra care when sharing data with third parties. Anyone who doesn’t comply with your new security plan could threaten the entire process! This applies to all outside contractors and suppliers also.

Even once this security plan is in place, the job is far from over. Keep monitoring and testing security controls at all times. Any awareness of unusual activity will help you deal with it accordingly!

Leverage Existing Schemes

‘The most important stuff isn’t complex. Getting the basics right with Cyber Essentials can greatly reduce the threats’ – Richard Bach, Co-Founder & Director at XQ Cyber

There are plenty of schemes and solutions that can help your business stay secure.

If you’re not sure where to look, the government-backed Cyber Essentials scheme is a good place to start. It’s tailored specifically to SMEs and can prevent up to 80% of all cyber attacks.

Alternatively, there are more revolutionary approaches to cyber security out there. While the world of cyber crime is evolving, so are the ways to prevent it!

Web-based attacks can also be defused through a new cyber risk model.

Use these schemes to your advantage to stay protected from cyber crime!

Assume You’ll Be Hacked

‘Prepare and test a plan to identify, communicate and recover to ensure you can rapidly resume business with limited impact’ – Sam Smith, Head of Digital Risk and Security at Cadent Gas Ltd

The best way to prevent a cyber attack? Prepare for the worst!

No business is immune from cyber crime, whether we like it or not. So, don’t wait for the worst to happen!

Have a detailed policy in place for how you will deal with a cyber attack. Ensure your company is cyber resilient by protecting confidential information and having an incident response plan.

Preparing for all eventualities isn’t pessimistic – but proactive!

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