Home » How to Protect Your Business from Cyber Attacks

How to Protect Your Business from Cyber Attacks

Rahul Maingi

By admin, April 24, 2017

Share this...

Cyber attacks

Cyber attacks are an increasingly common threat faced by many businesses, both large and small. According to PwC Canada’s 2016 Global State of Information Security Survey, cyber security incidents in Canada have been increasing by 160% year over year. The Canadian Security Intelligence Service (CSIS) stated in their annual report that the country is dealing with cyber attacks on a daily basis.

With the growing range of tools and techniques, hackers target a business’ intellectual property, money and valuable information that can be beneficial for competitors. With cyber attack being such a major concern in the country, it is important for every entrepreneur to be ready for such attacks on their security systems.

Is your company at risk? If so, then here are the ways to protect your business from cyber attack.

Use a Firewall

A firewall is a security system for your computer. It is designed to prevent unauthorized access to or from a private network. It comes in two forms, hardware (external) and software (internal). Consider putting a firewall on your computer and reduce the chances of a cyber attack.

Develop a Security Policy

Create a security policy and educate your employees to ensure that your company’s system is not at risk. Your employees are the gatekeepers of your business’s information, so define the necessary protocols and ask them to abide by it. Have your employees learn the warning signs, safe practices and how to react to a suspected attack.

Develop Strong Passwords

Whether it be your company’s social media account or the Wi-Fi, protect it with a strong password. One of the avenues of a cyber security breach is a simple password. Use strong passwords that are difficult to hack, set one for the router and cease the broadcast of your wireless access point. In addition to this, use different passwords for different accesses, change them at regular intervals and encrypt all the customer data and digital assets.

Keep Your Browser and Software Updated

Outdated web browser and anti-virus software are the invitations for cyber hackers. Keep all the software and browsers up to date to prevent any potential threats. Pay attention to the website’s URLs you visit and scan all the e-mail attachments with an anti-virus before downloading.

Use Virtual Data Rooms (VDR)

A Virtual Data Room (VDR) is an online repository of information. It is a virtual room where your business can store data and can be accessed by using a secure log-in which can be disabled at any time. They are mainly used for storing financial information, tax paperwork, legal documentation and intellectual property information.

If you’re an entrepreneur, then you need to prepare in advance for cyber security threats. Hackers can target you anytime and steal your valuable information. Prevent cyber attacks by taking the above measures. Remember, preventing sensitive information being leaked is much better than having to deal with the aftermath.

The Virtuous Bookkeeping explores ways for entrepreneurs to enjoy independence and better run their business. Join over 10,000 subscribers and get our best articles delivered via email.

Book a Free Consultation