Cybersecurity decoded: Is your small business doing enough to mitigate risks?

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With data privacy and other laws in place, businesses have no choice but to take cybersecurity on priority. Compliance, however, shouldn’t be the only reason to invest in cybersecurity. It has more to do with mitigating risks and preventing cyberattacks. Even a small security breach can have a domino effect on an organization. Cybercriminals hack into systems, infect devices with malware and other programs, often to get information, which is used in numerous ways. 

This brings us to the main question – Is your company doing enough to reduce cybersecurity risks? Here is a quick overview. 

  1. Do you have an incident response plan?

What happens in case of a security breach? Who should a manager report? What steps should be taken to control the damage? When to involve digital forensics? When to contact cybersecurity experts? How long should the management wait before informing authorities? An incident response plan charts out the course of action and is a ‘must’ for your cybersecurity policy. 

  1. Are your employees trained for cybersecurity?

In many reported and investigated cases, employees, unfortunately, have been found to be responsible for causing security breaches, either unintentionally or deliberately. Unless your employees know what cybersecurity is all about and why it matters, it is hard to expect them to do the right thing. Get cybersecurity experts and create awareness programs. Allow them to know more on their role in ensuring IT security, the responsibility of access rights, consequences of their actions, safe browsing practices, how to find malware, and when to report an incident. 

  1. Are your networked devices secure? Are you using penetration testing and scans?

All networked devices work like computers, including IP video surveillance systems, must be checked, scanned regularly. It is also important to hire ethical hackers, where required and financially viable, to find flaws within networks and IT infrastructure. Small businesses also need to take things like antivirus & antimalware software, network segmentation, firewalls, and password protection practices more seriously. For example, are your employees using a password manager? Are they aware of email browsing practices? What steps are you taking to change and manage access rights?

Final word

Cybersecurity is all about being a step ahead of hackers, and that’s only possible when a company is invested in its measures and in-house practices. Don’t wait for an incident to happen, and in case something goes wrong, refer to the incident response plan and take action immediately to control damage. 

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