Understanding Cybersecurity Risks And How To Protect Your Company

Take a look at the ins and outs of protecting your information with everything you need to know about understanding cybersecurity risks for your company.

At one time in the not-so-distant past, you only had to worry about people physically breaking into your business.

Being digitally connected means a hacker can now steal important data and financial information without ever setting foot in your building. That’s why understanding cybersecurity risks is vital for businesses, as well as for the privacy of the clients they serve.

And don’t think because you’re a smaller company that you won’t become a target. Statistics show that small businesses have become victims of cybercrime more often in recent years and that the financial impact could sink them.

Let’s take a closer look at some top cybersecurity tips you can implement at your company…

Be Wary of Ransomware

Ransomware attacks are on the rise. Some high-profile organizations have fallen victim to these attacks recently. A ransomware attack will take control of your network and your data, and you won’t be able to access it until you pay the “ransom.”

If you have all of your important data stored elsewhere, you can potentially continue operations without having to pay a dime. It’s also a good idea to have backups of sensitive information (on a secure server off-site) in the case of hardware failure.

Encrypt Your Data

Data encryption is a relatively simple way to protect your data, especially in transit. The safest type is called end-to-end encryption, which means the information is encrypted on your side before being sent to an outside source.

Adding to the security of this approach, only you as the owner of the data have the right access keys to open or share the information. When your data is encrypted, no third party can decipher it in the case of a breach.

Use Stronger Passwords

Even in the business world, managers are still using passwords that are sometimes easy to guess. To combat this, you can use a password manager to create and store unique passwords.

Password managers can also create strong passwords that are harder for hackers to get past. There are also newer authentification tools that might make passwords a thing of the past while reducing data breaches.

Further investment in cybersecurity through organizations such as is helping to create new security solutions.

Physically Secure Hardware

While many data thefts happen over the internet, the hardware itself can also become a target of criminals. That’s why you should consider securely attaching your desktop computers and servers so thieves can’t easily walk away with them.

Aside from that, you can also use strong passwords for all of your devices in case they go missing. In the case of company mobile devices, installing a “find my device” app on all of them can help you quickly locate them.

Clear Benefits of Understanding Cybersecurity Risks

Being aware of threats is one thing. However, understanding cybersecurity risks can go a long way in taking the right approach to secure your sensitive company data.

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