Riviera Finance October 26, 2017 No Comments

How to Upgrade Your Cybersecurity for Your Small BusinessCybercrime is an ever-increasing problem that costs businesses millions of dollars each year. Some small business owners are under the misconception that hackers only target large companies. Unfortunately, the recent trend is to go after smaller businesses. The reason for this is that small businesses tend to have less robust security systems in place. We recently shared some guidelines to “fraud-proof” your business. In this article, we’ll go into more depth and look at some additional small business cybersecurity tips.

Have a Company-wide System for Cybersecurity

It’s essential to have a plan that everyone in your business understands and followers to the letter. Update this system frequently and keep everyone informed when you make changes. Some of the most important policies to implement include:

  • Install the latest security patches for all of your systems.
  • Use off-site backup. This ensures you won’t lose everything if your data is compromised.
  • Don’t keep devices and systems online any more than necessary. This minimizes the potential for attacks.

Make Sure Employees’ Personal Devices are Secure

In some cases, employee’s personal devices are the easiest target for hackers. That’s why it’s good to enforce rules about personal devices at work. Make sure employees change their passwords frequently, never share passwords and don’t download sensitive business information to their personal devices unless it’s authorized.

Use a Layered Approach to Cybersecurity

The most secure systems are safeguarded using a layered approach rather than focusing on just one or two processes. Some layers to implement are:

  • Firewalls and Antivirus Software – Use trusted software and keep it updated.
  • Physical Security – Make sure computers aren’t left unattended. Maintain strong security for your workplace. Shred sensitive documents and destroy hard drives no longer in use.
  • Email Security – Employees should know not to click on suspicious links and fall victim to phishing schemes.
  • Passwords – Passwords must be difficult to guess, changed frequently and never shared with unauthorized individuals.
  • Secure Your WiFi – Using the most secure WPA2 protocols helps keep your WiFi network secure. Make sure your router passwords are secure.
  • Two-factor authentication – This makes it more difficult for hackers to access a system and change your password.
  • Limit Admin Access – It’s a simple fact that the more people who have access to a system, the greater the risk. By limiting access to admins, you help to reduce both internal and external security threats.

Take Out a Cyber Insurance Policy

This is a relatively new type of insurance that protects you financially in case you’re the victim of a cyber-attack. While it’s best to do everything in your power to prevent such attacks, a cyber insurance policy can give you peace of mind in case it happens anyway.

These small business cybersecurity tips will help to keep your business safer. For more small business success tips, including a way to improve your cash flow with invoice factoring, visit Riviera Finance today.