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Don’t overlook safeguarding company hardware Data breaches commonly occur due to stolen equipment and so safeguarding your hardware is an easy strategy in improving your company protection from a cyber threat. Finally, install ‘find my device’ software on all laptops, phones and tablets. You also need to be able to rely on your employees practising safe internet and network usage to achieve greater protection from hackers. Here are five tips to help you do just that: 1. The best offense is a good defense. Zero-day vulnerability threat detection requires constant awareness. The high cost of cyber attacks on small businesses. A business or company should start its cyber-attack prevention strategy by protecting its devices and other hardware with hard to guess passwords, limited access and trackers etc. Over 90% of cyber-attacks use information stolen from employees who unwittingly give it away. Always be wary of cybercriminals, work like you expect an attack. Therefore, even the most security-conscious businesses get vulnerable to cyber attacks. Create a security-focused workplace cultureEmployees are the most common cause of data breaches as many don’t recognize external threats when they occur or have a good understanding of the daily actions that leave a company vulnerable to a cyber attack. Email recipients typically need the same encryption capability in order to decrypt. If you want to properly protect your company from a cyber attack, then you first need to be aware of both the internal and external vulnerabilities your business may be exposed to. Ransomware can work quietly in the background and only be detected by an anti-virus programme when it is too late to save your files. Use robust anti-malware and firewall softwareResearch has shown that the most common cyber crime experienced in the UAE in 2017 was malware infection, which accounted for 53% of all cyber attacks. By not only educating staff members on the risks, but also by leading by example and never sharing passwords or asking staff members to temporarily log in guests, contractors and new hires. Also, it is better if you don’t overlook the effectiveness of protecting your physical storage disks. The more eyes on your businesses cybersecurity, the better. Create cyber security awareness amongst your staff. As outlined in this article, the steps to achieving the peace of mind and financial security that such a strategy brings should involve the use of up-to-date data encryption, data back-up, and firewalls and anti-malware software. 5 Cyber Attack Prevention Tips. Top 5 Cloud Security related Data Breaches! This will allow you to ensure that your corporation is covered at all times with the … Restrict network admin rights  Restricting IT admin and access rights to a small handful of users is invaluable in minimizing the risk of data breaches as employees cannot give away information they don’t have access to. Use of anti-malware solutions and protecting enterprise networks with efficient firewalls will also help in keeping your enterprise IT safe from attacks. This includes educating them about risks associated with using unsecured networks to access work info and avoiding unsecured websites and sharing sensitive data on social media. A cyberattack can compromise data and other assets, put your customers and users at risk, and damage your reputation. So, it is important to invest in software that has been specifically designed to deal with this challenge. Using protocols, such as creating temporary passwords for contractors or expediting the onboarding process for new hires, will also help to minimize scenarios in which password sharing is needed in the workplace. As recent data breaches indicate, businesses of all types, sizes and in all locations are at real risk of a cyber attack at any given moment. Here’s how to put these steps into action. Like storing the data on the cloud which is protected by multiple security layers and inculcating responsible BYOD security policies among the employees working for your business environment. Educate employees on the latest happening in the cyber landscape, so that they can help mitigate cyber risks with ease. Having an effective prevention strategy in place is key to avoiding the risk of cyber attacks. For instance, if one of your employees working in R&D loses his/her laptop, then the company for which he/she working for can land into serious troubles if the sensitive data reaches the hands of the competitors or those having nefarious intentions. 4.) The rule of thumb is that passwords should be long and include uppercase and lowercase letters, numbers, and special characters. In reality, there are just five specific steps that all companies need to follow to effectively protect against cyber attacks: secure your hardware, encrypt and backup all your data, encourage a security-centered culture, use robust firewall and anti-malware software, and invest in cyber security insurance. Social media security 2. With ransomware hackers locking companies out of their systems, encrypting their data and asking for a ransom to be paid before releasing the data, you can stay one step ahead of them by backing up all of your data and storing it separately. While it’s almost impossible to plan for every potential cyber attack, a little proactive monitoring and a well-defined series of steps won’t hurt. 1.) After all, the best offense is a good defense. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. Cyber Attacks on businesses seems to be inevitable- at least with the prevailing situation in the cyber landscape. Use Encryption for Sensitive Business Information Use full-disk encryption to protect all your computers, tablets, and smartphones. Know your enemy. Read up on articles online to keep yourself informed as technology develops, and consider investing in the kind of tools and resources listed above – spending a little bit of money to protect your business could really pay off. And that’s due to the fact that it becomes useless even if a hacker sniffs it out- and mind you it’s not that easy to break into the encryption available in the market these days. This is a simple, yet effective way of preventing intruders from walking away with company equipment and the sensitive data they hold. 5. ) You can delegate this responsibility for preventing cyberattacks to a Cyber Security Operations Center where trained professionals help and investigate threats and data breaches around the clock using state-of-the-art resources. Use software in conjunction with education By using firewall and anti-malware software in conjunction with employee education you are well equipped to prevent –or at least deal with– attacks due to ransomware, which can enter computer systems through emails and other employee-related errors. The first and foremost solution to prevent cyber attacks on companies is to have a secure and sophisticated hardware which are password protected and backed up by 2-way authentication. It’s wise to invest in cybersecurity insurance these days- Because cybercriminals are becoming too sophisticated these days, they are coming up with ways to break into the most advanced cyber defenses. share that password with the device user only, improving your company protection from a cyber threat, Hacking For Good: UAE Startup VUL9 Wants You (And Your Enterprise) To Be Cyber Resilient, Why We Need to Worry More Than Ever About Getting Hacked, Phishing In All Its Forms Is a Menace to Small Businesses, Feds to Car Makers: Make Sure You're Ready for Cyberattacks, Global Financial Network SWIFT Warns Customers of Multiple Cyber Fraud Cases. Top of the list should be educating them about the risks associated with using unsecured networks to access work information. Invest in cyber security insuranceBecause cyber criminals continue to work tirelessly to find ever more advanced ways of breaching security defenses, even the most security-conscious businesses remain at risk of an attack. 2. Secure your hardwareWith so much attention given to acquiring the newest and most sophisticated types of cyber security software, safeguarding the security of company hardware is often overlooked but the loss or theft of devices is a real threat to be aware of. Here are five steps to take to reduce your risk of a cyber-attack: 1. Regardless of how well-read you are on the latest cyber attacks out there, keeping your antivirus software updated will immediately eliminate 99% of the threats to your business. 1. US research into the cost of data breaches has shown that in 2017, the global average cost of a single data breach event was USD 3.6m – equivalent to USD 141 per data record. As more and more sensitive information is stored digitally, it’s important that your policy cover not only standard practices such as routine security audits and data backup, but that it also addresses newer concerns such as: 1. As highlighted by researchers in the International Journal of Advanced Computer Science and Applications, data encryption remains the ‘most efficient fix’ for data breaches, should they occur. Investing in an optimized firewall is therefore key for preventing malware from entering your computer systems. It is therefore more impactful to teach staff how to use both their personal devices and work devices in a way that minimizes the risk of being hacked. Cyber Attack Prevention Plan. And with cyber security threats changing at a rapid pace, always pay attention to update notifications and run them as soon as they become available. Download and install software updates for your operating systems and applications as they become available. If you want to prevent a cyberattack, you have to get serious about strengthening your cybersecurity foundation. If in case, an attack occurs, most of the policies not only cover the financial loss caused from data theft but also help in co-paying the costs involved in recovering data and that includes paying to data recovery experts and for buying new hardware as well as software. Also, it is better if you don’t overlook the effectiveness of protecting your physical storage disks. If you’re a business owner or manager using computer services, you need to secure the network with a VPN, install a firewall, and use solid passwords to prevent privacy breaches. To prevent cybercriminals from attacking your small business, implementing the following recommendations: Did you know that 80% of cyber attacks involve weak passwords? Latest figures have shown that cyber crime affected 3.72 million people in the UAE in 2017– costing the country almost AED4 billion. 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