Essential Tips for Protecting Your Business Against Cyber Crime

Costing UK businesses around £30 billion a year and counting, cyber crime is a big deal. But, many start-ups still underestimate the importance of cyber security! Cyber crime can have disastrous consequences on a business, sometimes killing them off altogether. 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 time to make cyber security a priority.

So, first thing’s first, you need to understand how secure your business is currently. To do this, the best option to take is a cyber security audit.

A cyber security audit will work out how secure you are currently, while identifying any potential threats. This includes both external and internal concerns.

Staying up to date with the latest possible cyber threats will help you protect your business. For example, there are multiple forms of hacking that can threaten your business, such as key logging or cookie theft.

There’s a lot to think about:

  • Is your data backed up regularly?
  • Have you installed malware?
  • Are you protected against phishing attacks?
  • Is your password policy effective?

But, not all threats will be obvious! Remember to ‘think outside the box’ when it comes to cyber crime. Sometimes, reviewing your password policy isn’t enough!

Consider all possibilities. If employees are using home devices at work, these may not be protected and could be infected with viruses that could cause just as much damage as a hacker.

Cyber threats keep evolving! So, the only way to keep on top of things is 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

Remember – take cyber security seriously!

Threats and hackers will be able to target the weakest link – make sure they have nothing to take advantage of.

So, once your risk assessment is complete, create a risk management policy and make sure everyone in your organisation is aware of it. Since they play a vital role in protecting your business’ security, every employee should be kept up to date with the steps you’re taking against cyber crime.

It’s your responsibility to keep everyone updated with your plan against cyber threats!

Having a security plan in place is particularly important when sharing data with third parties. They should be made aware of, and be compliant with, this policy. Anyone who isn’t on board with your changes could threaten the whole process.

Be particularly diligent when it comes to passwords. Remind all employees not to use obvious or easy to guess answers. Plus, make sure that these passwords can be safely and easily reset.

Any awareness of unusual activity will help you safeguard against it!

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
 
So, now’s the time to take the necessary steps toward protecting your business.

Not sure where to start? There are plenty of online resources available to help you, such as the government-backed Cyber Essentials scheme.

The scheme is designed to help SME’s guard against the most common cyber threats. Adhering to the 5 controls recommended by this scheme can protect up to 80% of all cyber attacks!

There are several other trusted solutions in place also, such as GCHQ Certified cyber security training.

So, whilst cyber crime is a big deal, there are plenty of ways to keep your business safe!

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

Always prepare for the worst!

Some may call this pessimistic, others forward-thinking. We’ll go with the latter.

Realistically, every business is a potential victim of cyber crime. So, don’t wait to find out if you’re one of them! Preparing for all eventualities should help keep your organisation safe.

You want to build a strong strategic approach without any breaches. Ask yourself:

  • How safe is your customer data?
  • How will your business manage during a period of temporary downtime?
  • Are you backing up all your systems and business-critical information?

Taking a proactive approach should give you the best chance of ensuring that your business doesn’t fall victim to an attack. But, if it does, you’ll have the necessary steps in the place to deal with it.

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