Experts explain how to protect your business from cyber attacks

Cybercrime is becoming increasingly prevalent in today’s digital world, and with criminals becoming increasingly sophisticated in their actions, it can be harder for businesses to stay safe.

According to an analysis by Beaming, between April and June 2021, UK firms were attacked every 49 seconds. Cybercrime affects businesses of all sizes, but thankfully there are things you can do to protect yourself.

Superfast Business Meczyki joined forces with Cyber ​​Resilience Center for Meczyki To provide answers to some of the most commonly asked online security questions by businesses.

The organization is also hosting Cyber ​​Resilience Webinar On July 5th, Joe will provide free, expert advice on steps you can take to protect businesses of all sizes.

Why is cyber security so important?

Cyber ​​security is an important issue for all businesses

Due to the increasing rate of cyber security threats, businesses must make cyber security a high priority. This increase in cyber attacks is partly a result of the pandemic that has pushed many businesses to work remotely.

According to Check Point’s security report, the incidence of ransomware attacks has increased particularly significantly, with 93% more carried out in the first half of 2021 compared to the same period in 2020.

More businesses were targeted by criminals in 2020 than in 2019, many of whom needed to defend their firm against cyberattacks at times. Hiscox Cyber ​​Preparedness Report 2021 showed that 28% of businesses experiencing cyberattacks in 2020 were targeted on five or more instances.

How can a business be created?

It is important to ensure that measures to identify, manage and mitigate cyber risks are incorporated into the business continuity plan to prepare for the potential threat.

This helps departments collaborate and ensure that your company has a plan in place to respond to a cyberattack. It is recommended that you consider using a recognized cyber security standard, such as the Cyber ​​Essentials or Cyber ​​Essentials Plus plans, both of which are backed by the UK government.

The following actions can also help ensure the safety of your business:

  • test your system
  • Plan and prepare for a cyber attack event
  • Make sure employees are aware of phishing attacks
  • Integrate security into your organization

Do cybercriminals target small businesses, or do they just attack large companies?

Cybercrime isn’t the only thing experienced by big, well-known companies. One method that hackers often operate is to steal company data and threaten to release it unless they are paid a ransom.

Large companies often have the resources to try to get their data back from criminals, which smaller businesses often do not have. Due to this small firms are facing breach of confidentiality or financial loss.

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Learn how to protect your firm’s data in the Superfast Business Meczyki Data Resilience Webinar

In comparison, small businesses are often even less prepared for cyberattacks, leaving them more vulnerable. Larger firms may be able to hire a cyber security consultant to investigate their vulnerabilities, or may be able to foresee any potential threats, thanks to the expertise of their own in-house cyber security team. Thank you.

Without adequate policies, small or medium-sized businesses can often underestimate their risks, so they become more vulnerable to cyberattacks.

No matter how big or small the business is, data is valuable. If there is a weakness that can be discovered by hackers, they will try to exploit it.

What can happen if my business is not prepared for a cyber attack?

Phishing attacks can increase the chances of a data breach, as well as prove to be quite disruptive to the business. If a company pays to solve a ransomware attack, most likely it is not the only cost they will have to bear.

Most of the cost actually comes from lost productivity and problem solving, rather than paying the ransom.

That’s why it’s important to be aware of other issues that businesses may experience as a result of a cyberattack, including:

  • damage to the reputation of the firm
  • Potential penalty for GDPR violation if data loss is involved
  • personal stress

For more information and to sign up for the Superfast Business Meczyki Cyber ​​Resilience Webinar, click here

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