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Are you and your company prepared for a cyberattack? Knowing about these assaults and what you can do to prepare for them is a critical first step in defending your company.

What you’ll discover:

As a small company owner, you may not have given much consideration to cyberattacks. In fact, 54% of small companies feel they are too tiny to be targeted by cybercriminals. But, you may be startled to find that 43% of cyberattacks in 2019 targeted small firms, with 60% of those attacked expected to go out of business within six months.

Small companies must plan ahead of time for a cyberattack. The easiest method to cope with this sort of crisis is to plan ahead of time and put aside finances to deal with an assault. The first step in protecting your small company against cyberattacks is to learn about these assaults and what you can do to prepare for them.

A cybersecurity strategy specifies how your small firm will manage security measures. It includes anything from managing employee access to installing firewalls to prevent unauthorized access to your network.

Every small company should have a cybersecurity strategy in place. It is critical to safeguard customer data, which includes credit card information, phone numbers, names, and addresses. Customers want you to secure their data, and in most cases, the law mandates it.

A small company security strategy will often cover the following issues:

Making a strategy is one of the greatest strategies to prevent a cyberattack from occurring. You should, however, assess what will happen if an assault happens. If you act quickly after discovering that your data has been hacked, you might save thousands of dollars and hours of effort.

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An incident response strategy should address issues such as:

Take care of these concerns before you need them. The Federal Communications Commission (FCC) provides a useful planning tool that you may use to develop a cybersecurity strategy that is tailored to your company’s needs. It may also be good to consult with an attorney about the legal ramifications of a data breach and how you should treat it as part of your strategy.

Cyberattacks on organizations may take many forms. These include anything from ransomware to basic staff infiltration.

Ransomware is also gaining popularity among criminals. This form of attack encrypts your data so that you cannot access it and then demands money to restore access. Of course, since you are dealing with criminals, paying the demanded amounts does not necessarily guarantee that your information will be returned.

Having a strategy in place is the best approach to cope with cyberattacks. Consider the data that your firm gathers and utilizes. Is access to the data restricted? Are there safeguards in place?

Working with your IT provider or a third-party vendor to conduct an audit is a smart approach to get started with this sort of investigation. As part of developing your cybersecurity strategy, the audit will assist you in identifying and addressing gaps.

In addition to security software and training, having a Non-Disclosure Agreement with your employees that handles client data and proprietary information is a smart idea.

Cybersecurity awareness training is a means of educating yourself and your staff on the significance of cybersecurity in your business as a small business owner. It enables you to identify and handle hazards in your organization that you may not have been aware of.

 

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