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9 Cybersecurity Tips for Small Businesses

Small businesses are increasingly at risk for cyber-attacks. According to the FBI’s Internet Crime Report, and other small business cybersecurity statistics, the cost of cybercrimes reached $2.7 billion in 2018 alone. This is increasingly worrisome to small business owners, with 88% feeling their business is vulnerable to a cyber-attack, according to the SBA. As risks grow, it is vital that small businesses know the dangers and develop a plan to be proactive against cyber threats. We’ve compiled 9 cybersecurity tips for small businesses to help keep you safe. 

Small Business Security Tips

Password Policies: It’s crucial that businesses have strict password policies for employees on all devices. Passwords should be complex with a variety of characters, numbers and symbols. Employees should also change their passwords at least every three months. Multi-factor authentication is another way to make access more difficult for hackers. 

Training: Mandatory cybersecurity training for all employees will ensure people are educated on best practices and aware of security risks. This will help prevent problems and serve as a guide for employees to navigate everyday threats. 

Software Updates: Updating software will ensure any bugs or holes found in software that could leave your devices vulnerable will be fixed. Many employees will put off installing updates, so setting up software to update automatically will make things easy and secure for everyone. 

Backup Data: In the event of an attack, your data could be lost forever. To avoid this, make sure you backup all data and important information regularly. 

Spam Filter: Implementing a spam filter on all your company’s devices will help prevent phishing scammers and other hackers from getting in front of your employees. Hackers are getting more sophisticated with their approaches and it is easy for employees to fall for scams if they aren’t blocked. 

Limit Access: All employees don’t need access to everything. Only allow relevant employees access to certain information. The fewer people who have access to private information, the lower the risks of the information being exposed.  

Secure Wi-Fi: Setting up secure Wi-Fi networks is one of the most important steps for businesses to keep their information safe. Your company’s Wi-Fi network should be encrypted, hidden and password protected. 

Segment Networks: Take control of your small business’ network security. Splitting up networks will keep hackers from getting into all of your information. If you are hacked, they will only gain access to one network at a time instead of everything at once if networks are segmented. This will give businesses time to act and only expose a fraction of the company’s information.

Have a Cybersecurity Strategy For Your Small Business: Cyber-attacks happen and it’s vital to prepare your business. Setting up a proactive approach will not only prevent attacks but minimize damage if one occurs. Developing a policy and plan for your business will ensure employees know how to react quickly and keep your business running. 

Additional Cybersecurity Advice For Small Businesses

Find more cybersecurity tips for small businesses on our Cybersecurity page or at one of the resources for small businesses listed below. 

Resources:

https://www.sba.gov/business-guide/manage-your-business/small-business-cybersecurity

https://www.fcc.gov/cyberplanner

https://www.us-cert.gov/resources/assessments

https://www.us-cert.gov/resources/ncats

This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this material. Websites not belonging to this organization are provided for information only. No endorsement is implied.

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