Here’s a scary statistic for you: 87% of businesses were hit by cyber attacks in the last year. Cyber attacks aren’t limited to big corporations; even small and medium-sized businesses (SMBs) are vulnerable. A recent report revealed that nearly two-thirds of SMBs experienced at least one cyber attack in the past year, a concerning statistic that should serve as a wake-up call for all businesses.
The situation is becoming graver as repeat attacks become more prevalent, with a staggering 87% of businesses facing two or more successful attacks in the past year. On average, companies endured almost five successful cyber incidents, a truly terrifying reality.
So, what causes these attacks, and how can you safeguard your business?
The most common types of cyber attacks faced by businesses are malware and ransomware. Malware is malicious software that infiltrates your system, causing issues like data theft and operational slowdowns. Ransomware, on the other hand, encrypts your data, rendering it inaccessible until a ransom is paid, resulting in significant losses and downtime.
Various factors contribute to the rise of successful cyber attacks. The increase in Bring Your Own Device (BYOD) culture is one such factor, as employees use personal devices to access company information, introducing potential risks. Additionally, the proliferation of productivity apps can create security vulnerabilities if not adequately secured. Moreover, the sheer number of devices in use creates more entry points for cyber criminals to exploit.
But fret not, there are steps you can take to protect your business effectively. Here are five solid security measures to consider:
- Use strong passwords: Strengthen your first line of defense with unique and robust passwords. Consider using a password manager to generate and remember secure passwords.
- Keep software up to date: Regularly update your operating system and all applications to incorporate security fixes and enhance protection against cyber threats.
- Train your staff: Educate your employees about identifying phishing emails and other scams. Conduct regular security awareness training to keep everyone informed and vigilant.
- Backup your data: Regularly back up your data to ensure swift restoration in case of a cyber attack, minimizing disruptions to your operations.
- Use antivirus software: Invest in reputable and up-to-date antivirus solutions to shield your systems from malware and other potential threats.
Remember, prevention is the key to avoiding cyber attacks. Don’t be included the 87% of businesses hit by a cyber attack. Take action now to fortify your defenses and ensure the safety of your business. By implementing these security steps, you can significantly reduce the risk of falling victim to cybercriminals and safeguard your valuable data.