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Is cyber security worth it?

Entrepreneurs, especially SME owners, often
wonder if cyber security is worth their investment. The short answer is yes.
Large-scale organizations aren’t the only ones who can benefit from protective
networks and programs.

In fact, Small Business Trends warns that smaller enterprises are
more attractive targets for cyber criminals because of their vulnerability.
Schemes like phishing have become prevalent and hackers can gain access to
valuable data, like credit card information. Cyber crimes are actually becoming
more common because of the innovative tech we surround ourselves with. An overview by Maryville University on the current cyber
security industry
 details that society is now “living in a
data-driven world” which inevitably produces new security threats. As
industries become more reliant on computerized processes like automation and
analytics, it’s only logical to put up stronger security measures. And
nowadays, this means investing in cyber security professionals who have the skillset
to help you guard against any potential threats.

Getting started

That said, cyber security doesn’t have to be
overly complicated. Simple measures can begin to protect your network against
any future threats.

Software updates

The most basic cyber crime prevention that you
can do without the help of a professional is keeping your software up to date.
There’s a reason for its necessity aside from new app features. Next Advisor’s Michael Osakwe explains that software
inherently come with bugs
 that might be vulnerable to cyber
attacks. Being diligent with updating software makes it harder for hackers to
exploit these weak points.

Two-factor authentication

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As explained by Tomáš Foltýn in a previous blog post, it’s
alarming that only four in ten businesses use multi-factor authentication. If
you ever purchased anything online with a credit card, you’ve probably had to
input a one-time pin for verification. This is a form of two-factor
authentication—a simple yet highly effective cyber security measure. Having
just one password is no longer sufficient against attacks, as Tech Crunch details that it can easily be copied by
malware
 in your device.

For instance, a hacker can steal the payment
information of your clients and use them for online purchases. But two-factor
authentication sends codes directly to the owner’s contact number, which they
don’t have access to. In this case, they won’t be able to verify their identity
and use those details successfully.

Firewall

A firewall is essentially a software or firmware
that regulates the entry or exit of data from networks. It prevents hackers
from extracting valuable company information like financial data, and it also
stops employees from leaking information. Because setting up a firewall
requires technical knowledge, here on Meade’s PC Repair Shop we recommend hiring
professionals
 to install this particular security
measure.

If you’re serious about increasing cyber
security for your business, it’s not enough to just have these types of
processes. There are a lot of cases when an employee mishandles data or opens
unsafe emails by mistake, so you also have to ensure that your employees are
well versed in cyber security. On top of that, always back-up critical data so
that it can be recovered in case of an attack. For more advanced cyber security
measures, it’s always best to consult with professionals.

Written Exclusively for www.meadespcshop.com

By:
Margaret Holmes

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