5 Simple Tips for Small Businesses to Improve Their Cybersecurity

17 April 2024
Protect your small business

In the digital age, cybersecurity is not just a concern for large corporations but for small businesses as well. With limited resources and often less technical expertise, small businesses are particularly vulnerable to cyber threats. 73% of small businesses experienced a data breach or cyberattack in 2023. However, improving your cybersecurity doesn’t have to be complicated or expensive. Here are five simple cybersecurity tips for small businesses that can significantly enhance your cybersecurity posture:

  1. Educate Your Employees

Human error is one of the most common causes of security breaches. Educating your employees about basic cybersecurity practices can go a long way. Conduct regular training sessions to inform them about the dangers of phishing scams, the importance of strong passwords, and safe internet practices. Encourage them to be cautious and to question anything that looks suspicious. Ensure new and temporary employees also receive training. Conducting simulated phishing campaigns with follow-up training is a very effective way to raise awareness. Foster a company-wide culture of cybersecurity awareness within your business.

  1. Use Strong, Unique Passwords & MFA

Simple passwords are a hacker’s best friend. Ensure that all your business accounts have strong, unique passwords. Enforce strong password formats within your systems and discourage password sharing. Consider using a password manager to keep track of different passwords securely. Additionally, implement multi-factor authentication (MFA) wherever possible to add an extra layer of security. If possible, utilise Single Sign-On (SSO) throughout the organisation to simplify access controls and users trying to remember multiple passwords. Have a process in place to quickly remove employees from all systems who have left the company.

  1. Keep Your Software Up to Date

Software updates often include patches for security vulnerabilities that have been discovered since the last update. By keeping all software up to date, you reduce the risk of attackers exploiting known vulnerabilities in your system. Make sure to update everything from your operating systems to applications and from antivirus software to browsers. Ensure your IT staff have a patch management program in place.

  1. Secure Your Networks

Use firewalls to shield your Internet connection and make sure your Wi-Fi network is secure, encrypted, and hidden. Ensure that the router uses WPA3 encryption and that the network is not visible to the public. Use a guest Wi-Fi for visitors which is on its own sub-net separated from your main networks.

  1. Regularly Backup Your Data

Unfortunately, there is no guarantee that your company’s data will be compromised.  Regular data backups are crucial to recover from data loss events like ransomware attacks or physical damages like a fire or flooding. Automate your backups to ensure they happen consistently and test them regularly to ensure their effectiveness. Keep at least 3 back-ups off-line or in a location that is not directly connected to your networks.

Conclusion

Implementing these simple cybersecurity measures can protect your small business from most cyber threats. Regular attention to cybersecurity can not only save your business from costly attacks but also protect your customers’ data and build trust in your brand. Many small or medium sized businesses do not recover from a cyberattack.

We appreciate that cybersecurity can be complex, confusing, and potentially expensive to implement particularly for small businesses with limited resources and time. Speak to one of our consultants at Archway Securities on how you can improve your cybersecurity posture.

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