Tag Archive for: cybersecurity

Small businesses aren’t exempt from Russian cyberthreats, according to US officials. Here’s what to know.

In the wake of Russia’s invasion of Ukraine, cybersecurity concerns in the US are mounting for small businesses, home offices and larger enterprises, according to national security alerts issued by the FBI, DHS and CISA.

Even though government-sponsored attacks are gaining public attention, cyberattacks from independent actors or groups are always a concern for small to midsize businesses. Factors like budget and IT staff limitations can leave small businesses more vulnerable to cyberattacks. The Small Business Administration reported there were 32.5 million small businesses in the US as of 2021.

There’s no foolproof way to completely protect yourself from online attacks, but the first step is to understand what the threat is, where your business may be at risk and which proactive steps you can take. To that end, we’ve compiled a list of cybersecurity tips for small business owners.

Know the most common cyberattacks

Cyberattacks can take many forms and are constantly evolving, according to the US Small Business Administration, but the best defense is knowing the most common cyberattack forms like malware, viruses, ransomware and phishing.

Malware is an umbrella term for malicious software that aims to damage your computer, server, network or client.

Viruses and ransomware are also considered as types of malware. Viruses mean to infect your computer as well as other devices, leaving your system vulnerable. Ransomware, which has been on the rise in the US, works like a virus, but is usually delivered through a phishing email and essentially holds your system hostage until a sum is paid.

Phishing is a type of scam that tricks people into clicking links that appear legitimate, but are actually malicious. Clicking the link infects your device with malware. Once your system is infected, cybercriminals can attempt to steal sensitive information. Phishing falls in a wider category of social engineering, a tactic meant to deceive individuals into disclosing sensitive information or clicking a malicious link.

Train employees to be security-conscious

Cybersecurity is a team effort. Make sure your employees create strong passwords and reset them on a regular schedule. Employees should be aware of red flags that indicate phishing emails and malicious files, as well as have an action plan in the event that an attack happens. It’s also important to keep devices, software and browsers up to date. The FCC suggests establishing clear guidelines for internet use, how to best handle customer data, as well as penalties for violating those policies.

Secure your Wi-Fi networks

Your business’ Wi-Fi should be secure, encrypted and hidden, according to the FCC. Your business’ router needs to be password protected, and it shouldn’t broadcast the network name.

If your small business is operated out of your home, consider whether it’s time to upgrade your router to handle modern security threats. If you’re new to Wi-Fi networking, CNET has a handy FAQ that covers the basics.

Back up your files

Cyberattacks often mean to compromise, delete or steal your data. Backup programs can help mitigate this risk. It’s even better if the backup software you’re using lets you set up a schedule or automate backups, according to cybersecurity firm Kaspersky. Keep a copy of your backups offline in case of a cyberattack.

Use antivirus software

Finding the right antivirus software is an important weapon in your small business’ arsenal against cybercrime. Antivirus software doesn’t have to break your bank either — Microsoft Defender is free for Windows, for example. Check out CNET’s guide for the best antivirus software for more information.

For more information, check out big tech’s efforts to support Ukraine shift the industry’s role and how you can help Ukraine refugees and those affected by Russia’s invasion.

Are you interested in learning more about cybersecurity? Call us today and discover how our wide array of tech services can safeguard your business.

If you are looking for an expert to help you find the best solutions for your business talk to GCInfotech about a free technology assessment

Published with consideration from cnet.com SOURCE

Businesses of any size can fall victim to ransomware. How will you protect your small business from it? And can you afford it?

The Business of Chicago

One Monday morning, 35 workers of a Chicago business board of directors turned on their computers. They were met by a desiccated head popping up and demanding nearly a quarter-million in Bitcoin. Hackers had shut off their internet access. Their databases had been scrambled and rendered unusable.

This NGO had vital infrastructure but no skilled cybersecurity professionals or even a proper data recovery and business continuity strategy, much like thousands of other ransomware victims whose tales never reach the news.

Company management believed that its data and networks were secure until they experienced that dreadful Monday morning return to work. The company also lacked the financial wherewithal to pay the ransom.

Productivity loss is the biggest price tag paid by ransomware victims. In addition, they suffered the time-consuming job of controlling and cleaning up after the assault.

According to Proofpoint and the Ponemon Institute study, a ransom payment generally amounts to less than 20% of the entire cost of a ransomware attack’s interruption.

The staff at the Chicago organization discovered too late that their data recovery methods did not actually back them up. The organization labored over finding paper documents in order to recreate its records from the ground up.

Businesses In a Bind

Many smaller businesses believe they aren’t vulnerable to ransomware. That is very clearly not the case.

According to the National Cyber Security Alliance, small and midsized firms are the target of the bulk of cyberattacks, with up to 60% of them going out of business within six months of the ransomware assault.

Three Simple Steps to Defeat Hackers

Some may reasonably question, if a $44 billion firm like Accenture can fall prey to ransomware, what hope does a smaller company have?

Everyone requires a reaction plan if no one is immune to an assault. Consider the following three essential steps:

1. Provide cyber awareness training to all staff.

PEBCAC stands for “problem exists between computer and chair” in the world of cybersecurity.

Because email phishing is by far the most common threat vector for ransomware, the first line of defense is to teach all employees not to open unfamiliar attachments or clickbait links — “You’ve just won $1 million!” — and to protect their login credentials, preferably with two-factor authentication.

Some employees, believe it or not, still retain passwords on Post-it Notes stuck to their computer displays. Every employee in today’s networked remote workforce is a member of the security apparatus. Employees play an essential role in data protection. However, they must be given the correct knowledge and training.

2. Update all of your applications.

An inventory of operating systems and software is the first step in any threat assessment.

Updates defend a computer network from known security flaws. Additionally, you must properly maintain and configure every firewall and server to stay safe.

Unfortunately, this seemingly simple task of data governance is a big undertaking. It’s made considerably more difficult by the abundance of endpoints. Think smartphones, industrial systems, IoT devices, and all the equipment used by work-from-home staff.

3. Put backups and recovery strategies to the test.

This is the one step that many companies skip. You shouldn’t.

Pick a day, perhaps a Saturday, when everyone “pretends” to be victimized by a hacker. Test the reliability of your backups and the amount of downtime you can expect to endure should you fall victim to ransomware.

How You Can Recover

To recover from an assault, every firm needs dependable backups and, equally essential, a business continuity strategy. Form a cyber incident response team and conduct penetration testing to ensure the safeguarding of vital infrastructure. Be proactive rather than reactive in your cyber response.

No one is immune to assault. These are merely the beginning of your defenses.

Monitor network traffic in real-time. Otherwise, your organization is extremely susceptible. Mechanisms must be in place to detect and respond to intrusions before you suffer damage. Be aware that 100 percent prevention is neither cost-effective nor practical.

Virus Software

Virus software and firewall hardware have come a long way. However, at the end of the day, the greatest defense is a skilled cybersecurity team.

A monitoring and incident response control center will allow speedy data recovery, reducing downtime for both internal and external cyberattacks. Outsourcing a security operations center may help businesses with limited resources reduce their risk.

Consider the cost of business disruption as the first step in making systems more robust. Governments, utilities, and even IT corporations are all vulnerable to assault. Put a solid data security strategy in place. Without one, it’s not a question of if, but rather when hacking will occur.

Make sure your cloud storage is secure.  It’s imperative that you do so ASAP. Without this safeguard, all sorts of malware, such as ransomware, can run riot through your systems.

Are you interested in learning more about cybersecurity? Call us today and discover how our wide array of tech services can safeguard your business.

If you are looking for an expert to help you find the best solutions for your business talk to GCInfotech about a free technology assessment

Published with consideration from smallbusinesstechnology.com SOURCE