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Top 5 Cybersecurity Threats For Small Businesses And Solutions

Unfortunately, not all companies treat cybersecurity as a priority, and they generally see this mistake after an avoidable incident. Ensuring data security and business continuity should always come first. To achieve this, a business owner must prioritize a strategic cybersecurity solution that keeps their data secure and reduces the risk of cyber threats invading their IT. However, this troubling statistic has a silver lining on the horizon. By teaching employees how to properly identify and respond to cyber threats, most data breaches could be avoided. A cyberattack, as discussed above, is an impairment of the security of a system. The final piece of the puzzle regarding cybersecurity is to consider whether or not cybersecurity insurance is a smart choice for your business. One of the most frightening facts about cyber breaches is that for many small and medium-sized businesses, the company itself ceases to exist within a year as soon as a breach occurs. The appeal of cybersecurity insurance is that you can, at least theoretically, shift the risk of an attack from your company to the insurance company. After all, insurance companies are very good at risk management, while most companies don't. Advertising around these organizations makes small and medium-sized businesses think that this will never happen to them. Taking the time to identify what types of vulnerabilities apply to your business are the first steps to staying protected. With a lack of confidence in the security of the business involved, customers will be more inclined to venture elsewhere, resulting in lost sales and profits. There's no better time for small businesses to take a look at how they handle corporate data. That's why insurance companies like Chubb, the world's largest publicly traded property and casualty insurance company, are becoming more than just a partner to turn to if something goes wrong. Instead, they are proactively building better ways for their customers to prepare for and ultimately deal with the potential existential threat. According to the National Small Business Association, 44% of small businesses have been victims of a cyberattack and the number of violations reported each year continues to rise. A recent study by Juniper Research estimates that cybercrime will cost businesses $2.1 trillion worldwide by 2019, increasing the cost of breaches by nearly 4 times in 2015. Implement a password policy that requires strong passwords https://www.halock.com that expire every 90 days. Deploy firewall, VPN, and antivirus technologies…

Cybersecurity Awareness Promotion Month

When data is encrypted to deter hackers, it is not easy to understand the information without decrypting the data, which can only be done with the private key. The General Data Protection Regulation also requires the company to protect sensitive information such as customer data, personal data, etc. The use of human psychology to obtain sensitive information from people is called social engineering. Under this term, there are many methods used by hackers to get important information such as system passwords, bank account details, ATM PINs, etc. This is done for ransom, either directly or indirectly by selling the stolen data. Cybercriminals are becoming more sophisticated and often find new and better ways to find vulnerabilities and loopholes to exploit to gain access to credentials, data and money. As new threats emerge, it's important to let employees know about them as they occur; don't wait for annual refresher training to promote cybersecurity awareness. The integration of threat simulation and e-learning training received the highest score. Based on this result, the prototype will be created to evaluate and improve cybersecurity awareness. Fifty users were randomly selected to express their attitudes and opinions about the prototype after using it. The result of the acceptance test is used to improve the prototype, and the final version of the prototype is shown in Figure 2. The closed network in the office environment can easily be more secure than the open network in individual homes. However, in remote work, data is exchanged over an open network, which is a great opportunity for hackers to steal business information. This is important in global organizations where employees speak multiple languages and have different ethnic and cultural backgrounds. To meet these diverse needs, cybersecurity training content must be clear, engaging, and embedded in a cultural context that every employee can relate to. Otherwise, poorly translated text or the wrong cultural signal can reflect poorly on your organization and result in weak cybersecurity awareness. In recent years, many organizations have adopted multi-factor authentication to protect their online and offline networks. In addition to traditional passwords, other authentication methods such as one-time passwords, verification codes, etc. are also used to protect websites and networks. For example, it is widely used in bank accounts where users are asked to enter the password and OTP sent to the registered mobile number or email address. This ensures that even if a hacker learns…