3 Critical Cyber Security Protections EVERY Business Must Have in Place NOW to Avoid Being Hacked
Five years ago, you might have had state-of-the-art security protecting your business and network. You had the latest malware protection, highly rated firewalls and a great data backup plan. Maybe you even had a handbook on how to address cyberthreats. You were set. But then you forgot to do one crucial thing: you didn’t stay up-to-date with your IT security policy.
This is a trap countless businesses fall into. They invest in great cybersecurity once. Five years ago, this was fantastic. The problem is that cyberthreats are constantly evolving. Methods used by hackers and cybercriminals have come a long way in the past five years. Criminals stay on top of what’s going on in the IT security industry. They are always looking for new ways to steal your data and make a quick buck at your expense.
What can you do to stay up-to-date in an ever-changing digital world? Here are three things every business must do to protect itself.
Understand The Threats
It’s easy to assume that hackers are trying to get into your network the “old-fashioned” way. You might picture them hacking your network trying to get your passwords and usernames or breaking through your firewall protection. While some hackers will do this (it’s easy for them if you use simple passwords), many of today’s cybercriminals rely on social engineering.
The most common form of social engineering is the phishing scam. The criminal sends you or your employees an e-mail, hoping someone will click a link or open an attached file.
Cybercriminals have gotten VERY sophisticated. These e-mails can mimic the look of a legitimate e-mail from a legitimate business, such as the local bank you work with or another company you buy from (or that buys from you). Social engineering is all about tricking people.
This is why you need a cyber security handbook – one that is regularly updated. It’s something you can reference. Your team needs to know how to identify a phishing e-mail, and you need to have procedures in place for what to do if a questionable e-mail shows up. This helps keep your employees from becoming the weak link in your security setup.
Update, Update And Update
From software to hardware, you must stay updated. There is no such thing as “one-and-done” when it comes to network security. Something as simple as a wireless router can DESTROY your security if it’s not regularly updated. Hackers are always looking for vulnerabilities in both hardware and software, and when they find them, they WILL exploit them.
What happens when a piece of hardware (like a router) is no longer supported by the manufacturer? This occurs all the time, particularly as hardware ages. Manufacturers and developers drop support for their older technology so they can focus on their newer products. When they drop support for a product you use, this is a good indicator that you need to replace that piece of hardware. The same applies to software.
You might balk at the cost of buying new technology, but in the long run, the cost is well worth it. Think of the cost of buying a new router versus the cost of cleaning up after a data breach. Some small businesses never recover after a hack – it’s just too expensive. Keep your malware software updated, keep your firewall updated, keep your cloud backups updated and keep all your devices and software UPDATED!
Invest In Proactive Network Monitoring
When it comes to the security of your network and overall business, being proactive can make a huge difference. Proactive monitoring means your network is being watched 24/7. Every little ping or access to your network is watched and assessed. If a threat is found, then it can be stopped.
"Proactive monitoring means your network is being watched 24/7.”
The great thing about proactive network monitoring is that you can customize it. Want to know about every threat? You can request a real-time report. Only want updates once a day or once a week? That can be done too! This approach means you have one less thing to think about. Someone is always keeping an eye on your network, making sure the bad guys stay out.
You might think, “How am I going to do all this?” You don’t have to go it alone – and you shouldn’t. Work with an IT services firm. Work together to find the best solutions for your business. When you work with IT specialists, you can rest assured your team will be updated on today’s threats. You’ll know your network – and everything connected to it – is updated. And you’ll know someone is watching over you. That’s the ultimate peace of mind.
Building Confidence As A Business Leader
How can you build your confidence as a CEO, investor or entrepreneur?
My colleagues and I at ghSMART see many talented people work hard to build their confidence.
New CEOs have imposter syndrome. Private equity investors who just raised another $1 billion in funds read newspaper headlines about the coming recession and quietly gulp. Self-made billionaire entrepreneurs worry that their fortunes will take an embarrassing hit. Newly elected government leaders worry about whether their results will live up to their campaign promises.
We find that leaders are less confident when they obsess about things they can’t control, rather than take action in the areas they can control.
Like what?
The Wall Street Journal reported the results of a Conference Board survey (Jan. 16, 2019) of what is on the mind of 800 CEOs.
External Hot-Button Issues
- Recession
- Global trade
- Politics
Internal Hot-Button Issues
- Attracting and retaining top talent
- Disruptive technologies
- Developing the next generation
of leaders
What this survey says to me is this: it’s good to be aware of issues that are outside of your control – recession, global trade and politics. But it’s even more brilliant to master the things that are within your control – hiring and retaining top talent, developing digital capabilities and developing the next generation of leaders.
