When you first started a business, the biggest worries you had were likely developing or sourcing a product, creating a brand, and securing customers. However, if your business has expanded in a matter of months or years, you may now be more concerned about its cybersecurity.
Unfortunately, cybercrime is a significant problem for companies of all sizes and every industry. To avoid becoming a hacker’s next victim, read the following advice on how your growing business can improve its cybersecurity.
Turn to Security Operations
The thought of your business succumbing to a cyberattack might keep you up at night. After all, a data breach may lead to legal consequences, a hefty fine, reputational damage, and financial repercussions.
Security operations (SecOps) are a top choice when considering the best cybersecurity solutions for your business. The mechanism comprises various functions to monitor your business’s security, hunt for cybercriminals who have slipped onto the network, and respond to incidents immediately.
Different models are available to match your company’s needs and budget. However, Managed Detection and Response (MDR) is believed to be the most comprehensive cybersecurity solution you can introduce to your business.
Use an Effective Password Manager
Free password managers aren’t enough to protect software programs and online accounts. As most are built into a browser, such as Chrome, they can be easily accessed should an employee accidentally download a malicious file, such as Infostealers, which allows a cybercriminal to quickly extract the browser passwords.
Business-grade options will, however, provide Zero Knowledge Architecture that makes it difficult for a hacker to search the vault using local malware. It will also enable management to review the platform’s Security Scorecard to identify staff members who have weak passwords or credentials.
Backup Like a Pro
Every business should have at least one backup to protect its data in the event of an unforeseen event, such as a ransomware attack, natural disaster, or accidental deletion.
To back up data like a pro, many experts recommend following the 3-2-1 strategy. It will require you to make three copies of your data on two types of data, such as an external hard drive and the cloud. You must then place one copy of your sensitive data in an off-site location, such as storing an external hard drive at your home.
Create an Incident Response Plan
An incident response plan will help a business quickly bounce back from a cyber incident. Start by writing down the actions specific employees must take following a data breach.
For instance, you must determine who will make business-critical decisions, such as the Chief Operating Officer or Head of IT.
Next, identify who you must consult following the breach, such as a lawyer or cyber insurance agent, who can determine if you’re legally required to report the cyber breach to a specific organization, such as HIPAA, SEC, or GDPR. They can also reach out to an insurance provider to secure immediate financial support and ensure a claim isn’t rejected.
You also must instruct a marketing manager for draft messaging to the press, customers, and employees following the incident.
