Tech Results

These 5 Cybersecurity Mistakes Will Leave Your Business Data at Risk

Companies that have a data breach end up closing their doors within six months because they can’t afford the costs. This is the very real cost of leaving your business open to security risks.

The costs of falling victim to a cyberattack can include loss of business, downtime/productivity losses, reparation costs for customers that have had data stolen, and more. What’s worse is that many of the most damaging breaches are due to common and avoidable cybersecurity mistakes that companies and their employees make.

We’ve got vast experience in cybersecurity. These are the most common missteps we’ve seen, when it comes to basic IT security best practices…

Not being prepared

Large or small, high profile or not, no business, government, agency, or institution is immune to ransomware.

Ransomware encrypts your files, allowing criminals to literally holding them to ransom. The victim is then extorted to pay huge sums of money, often in Bitcoin, which is easily and quickly moved making it harder to trace. Criminals have been known to extort millions of pounds, in the hope they will decrypt files and make files accessible again. However, even if you pay the ransom, there is no guarantee that you will get access to your computer, or your files.

Not implementing multi-factor authentication (MFA)

Credential theft has become the top cause of data breaches around the world, according to IBM Security. MFA like you use for your bank, reduces fraudulent sign-in attempts by a staggering 99.9%.

Ignoring the use of shadow IT

Shadow IT is the use of cloud applications by employees for business data that haven’t been approved and may not even be known about by a company.

Shadow IT use leaves companies at risk for several reasons:

  • Data may be used in a non-secure application
  • Data isn’t included in company backup strategies
  • If the employee leaves, the data could be lost
  • Not meeting company compliance requirements

It’s important to have cloud use policies in place that spell out for employees the applications that can and cannot be used for work.

Thinking you’re fine with only an antivirus application

No matter how small your business is, a simple antivirus application is not enough to keep you protected. In fact, many of today’s threats don’t use a malicious file at all. Phishing emails will contain commands sent to legitimate PC systems that aren’t flagged as a virus or malware. Phishing also overwhelmingly uses links these days rather than file attachments to send users to malicious sites. Those links won’t get caught by simple antivirus solutions.

Not having device management in place

The majority of companies around the world have had employees working remotely from home since the pandemic. However, device management for those remote employee devices as well as smartphones used for business hasn’t always been put in place. Can you be sure the device accessing your systems has been kept up-to-date and has not been loaded with all sorts of games? Putting a device management application in place can help manage this.

Not providing adequate training to employees

An astonishing 95% of cybersecurity breaches are caused by human error.

Make employee IT security awareness training a part of your regular curriculum throughout the year, not just annually or during on onboarding process.

A cybersecurity checklist

In summary, here are the basic actions you need to take to protect your business:

  • Implement Multi-factor Authentication
  • Regularly train staff and update them on security risks
  • Put a device management application in place
  • Only allow employees to use approved devices for work
  • Introduce cloud use policies to instructing what applications can and can’t be used
  • Audit your security measures, and if you’re unsure of what to implement, get in touch and we can offer our assistance.

You’re in safe hands

Tech Results provide businesses with the freedom to thrive. If you’re in need of further IT advice, get in touch.

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