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Cybersecurity for Startups: How to Protect Your Business   

  • August 5, 2021
  • 3.2K views
  • 6 minute read
  • Ashley Jenkins
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Cyberattack in this era is a serious threat to businesses in terms of data loss, identity theft, and financial fraud. It doesn’t matter whether you are in the business of high-tech or an ordinary small company.

Cybersecurity for Startups: How to Protect Your Business  

Cybersecurity can be a pain in the neck for any company no matter the size. Here are some strategies for establishing cybersecurity in your business:

Invest in VPN 

One of the easiest ways to protect your business in this digital world is by using a good VPN provider. There are many in the market, such as CyberGhost. It is one of the best in terms of performance and availability in various countries in the world.

Before subscribing, be sure to check for an in-depth CyberGhost review in order to learn about CyberGhost in more detail.

Identify Cyber Threats in your Business

Identifying potential threats is another critical step in protecting your business. If you know what kind of cyber threats to look for, it will be much easier to get rid of them when they appear.

A good approach would be to create a threat model that identifies all the possible ways in which a hacker can try and infiltrate your network.

For instance, if your business stores sensitive data such as account information, you could face a data breach. In this case, you need to know the best way to protect your most important data like adding software escrow protection. The more in-depth and fine-grained your threat model is, the better.

Basic Training in Cyber Security for Your Employees      

Don’t forget to train your employees in the basics in terms of cybersecurity. If the employees have no information on the basics of cybersecurity, they may make simple mistakes that could lead to a cyber threat.

For instance, when using a workplace computer, they could click on malicious links or fall target to phishing attacks.

Additionally, cybercriminals or hackers often trick an employee into sharing a company’s sensitive information in online scams. You can easily avoid this scenario by educating your employees in cybersecurity.

Educate them with relevant information for them to understand cybersecurity. One way to do this is by organizing an in-house seminar to teach your employees the basics of cybersecurity.

Make sure your employees are regularly updated about recent data breach attempts.  

Use a Robust Internet Security Suite and Firewall in Your Business

Every business should have a good internet security suite and firewall. They can help you identify suspicious activity in real-time.

The firewall ensures that data is safe within your network and only the people you have authorized can access it. The internet security suite protects you from all kinds of online threats.

Protect Your Data Through Encryption

Data encryption is a critical measure in ensuring your company’s sensitive information gets protection against cyber threat attacks. All your crucial information could be easily compromised if a hacker captures it during the transfer process. 

It will be much harder for a hacker to access your data if it gets encrypted. Also, keep in mind that the encryption must be strong enough to resist cyber-attacks. 

Get Professional Help with Cyber Security

If you don’t have the knowledge and experience in cybersecurity, it is best to get help from a company that specializes in this field. There are many firms that offer continuous offensive cybersecurity services that can help you protect your business and assets.

They can help your startup with threat analysis, penetration testing, and risk assessments.

It is a good idea to hire an external cybersecurity officer to make sure you are keeping up with the latest cyber tactics. A cybersecurity expert will not only educate your employees but also help mitigate the risks of phishing attacks and more.

Check for Payment Card Industry Data Security Standard (PCI DSS) Compliance

The PCI DSS is a set of security standards used by all businesses that handle credit card information. It sets requirements for protecting credit card data in storage and transit. 

If your business is a payment processor, make sure that you are PCI DSS compliant. Even if you don’t store credit card information, it’s crucial that you comply to protect your business against cyber attacks.

Use Two-factor Authentication in Protecting Your Business Data

Two-factor authentication is another measure to protect your business data from cyber-attacks. It’s a method of utilizing two different components in an authentication process to validate the user’s identity. 

For example, you may require critical information such as a password and a security token in order to access a system. The security token will get generated by the system upon request from the user.

You can use two-factor authentication in both physical and online access. Some websites and businesses also use multifactor authentication for added security.

With 2FA, make sure to use strong passwords to protect against brute force attacks. In these attacks, the hackers run software that keeps guessing your password for a long time.

If you use a strong password, the hackers will not be able to guess yours, thus keeping your confidential data safe.

Install Anti-Virus and Anti-Malware Software   

You should keep your important data safe by installing anti-virus and anti-malware software. These programs will help protect you from malicious software such as trojans and worms that can hack into your system.

Remember to keep all your software updated regularly unless there is a good reason not to. 

Establish a Mobile Device Action Plan

You should create a mobile device action plan for your employees, especially if they regularly access the corporate network. This plan will help you protect the information on their devices from cyber-attacks.

The plan should include a process of inventorying all mobile devices that connect to the corporate network. The action plan may also determine allowed functions on these devices and which security to apply to them.

Audit Your Security Measures Regularly

A business should regularly audit all its security measures. An audit will help you identify potential problems and eliminate them before they become problematic. 

Regular audits will also ensure that your business is fully prepared to fight against cyber threats. They will help you identify potential vulnerabilities before they become an issue.

Also, make sure your cybersecurity software like antivirus and antimalware is up to date. Cybercriminals are always looking for “holes” in the system to inject malware.

Software updates make sure these vulnerabilities are patched so no one can exploit them. Therefore, it is essential to install the updates regularly to protect your systems.

Build a Disaster Recovery Plan in Case of Data Loss

For the security of your startup, build a disaster recovery plan in case your business’s data is lost or stolen. The plan should include regular backups of all your most important information. The frequency with which you take the backups depends on your business’s needs. The disaster recovery plan must also include a way to restore data.

Conclusion

Cybersecurity for startups is a topic of great importance and requires effort to implement the best practices in protecting your startup. With your information secure, you can concentrate on more crucial tasks and get your business out there.

With these cybersecurity tips, you will have a better chance of protecting your business from online security threats. Cybercriminals are continuously evolving, so be sure to be vigilant about your cybersecurity so you never fall behind.

_________________________________________________________________________ 

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Ashley Jenkins

Ashley is, first and foremost, a mom to an amazing young son and a wife. Ashley has started and sold a couple of small companies over the last many years, and now has decided to take some time off to spend time with her family, and raising her son. Ashley managed a team of 11 staff and intends to start another business shortly. Ashley is an avid saver and investor and is knowledgable about not only entrepreneurship but, also investing.

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