Over 43 percent of all cyber-attacks target small businesses. Only about 14 percent of small businesses can mitigate security risks and cyber risks, attacks, or vulnerabilities. Unfortunately, 60 percent of companies wind up going out of business within just six months of a cyber-attack.
While prevention is best, some small businesses may not know what to do to minimize their risk of an attack. One of the best ways to prevent security risks and protect any business is by implementing some best practices.
Keep reading to learn some best practices to avoid security risks in your small business.
1. Employee Training
One of the leading causes of data breaches is employees. Usually, this results from a lack of awareness regarding data security.
Many employees make innocent mistakes because they don’t know how hackers operate. To reduce the possibility of data theft, it is essential to invest in employee education.
One of the most significant risks for small businesses today is social engineering. This occurs when hackers post a link as a trusted source to acquire confidential data. If an employee clicks the link, a virus is installed on the computer.
By providing employees with training and information about how hackers gain access to private information, small businesses can avoid data loss scenarios and security risks.
2. Disaster Planning
Some small businesses never open their doors again after a natural disaster, such as a fire or flood. Therefore, the development of a risk management plan is necessary. This is one of the most prominent managed IT trends today.
Sometimes a disaster will cause a business to move to a temporary location, and not all insurance policies provide coverage for the lost income you may suffer. The business must be prepared for any situation and always expect the unexpected.
Securing coverage to all potential issues with the business insurance policy can help solve this security risk and ensure any small business can recover.
3. Delete Sensitive Data Properly
When deleting any sensitive data, it’s essential to do so carefully. Before recycling, shred any documents that contain confidential information. It’s also important to eliminate all confidential data from electronic devices, including smartphones, computers, storage hardware, and tablets before disposing of the devices.
4. Limit Access to Business Computers to Authorized Employees
It’s smart to create a unique user account for every employee. This allows business owners to restrict access to certain files when specific employees are logged in. It is also important to limit the network access for computers in the location.
5. Use Strong Passwords for All Devices
Many hackers go after passwords to gain access to sensitive data. This means business owners must protect their devices, including accounts, networks, mobile devices, and computers.
To do this, make sure employees are using strong passwords. It’s best to use complex passwords where there’s a random array of letters, numerals, and special characters. The passwords need to be updated every quarter.
Is Your Business Vulnerable to These Security Risks?
If a business owner wants to ensure their business isn’t vulnerable to the most common security risks, they have to use the information here and get to know what they can do to safeguard their business.
To learn more about how to achieve small business success and entrepreneurship, in general, be sure to check our blog regularly. We post frequent articles on business and business-related topics.