Wednesday 19 June 2024

How To Keep Up With Business Cyber Scams In 2023

Running an online business can be incredibly rewarding. Since much of the economy relies on e-commerce, setting up an online business can be incredibly lucrative. You are able to reach a lot of people and be creative with your digital marketing in order to reach more of your target market. Technology could improve your small business. However, there are some things that need to be considered when it comes to protecting your online business online in 2023. Scammers and hackers want to take advantage of your success by scamming you to steal your money. Unfortunately, in 2023, scammers have only become more sophisticated. You will need to work hard to protect your online business from online hackers and viruses that will steal your precious data and money. Here are all the best ways you can protect your online business against scammers. 


Educate Your Staff

Your staff need to be thoroughly educated on how they can protect the company against cyber scammers. Your staff are the first line of defence against sophisticated cyber hackers. Making sure that they are aware of how they can protect the business is one of the best things you can invest in when protecting your company from cybercriminals. For example, cyber-attacks such as phishing and ransomware are often caused due to a team member accidentally downloading virus material or clicking on a bad link. This malware or link will often steal your data and hold it for ransom, or steal your money directly. Educate your staff on how to spot common business cyber attacks, so that they can be more protected in their everyday work. 


Implement Company-Wide Security Policies

Your workplace needs to be a fortress against cyber scammers. Implementing company-wide policies which will make it harder for cybercriminals to attack you can be one of the best ways to protect your online business. For example, making it a policy not to share personal passwords can be one of the best things to do, as it protects the integrity of your business more. Making sure your passwords are long enough and have multiple numbers and characters can also make it less likely that a hacker could compromise your whole business. Implementing two-factor authentication may also be one of the best things you can do to reinforce your business cyber security. 


Keep Your Software Up To Date

Your anti-virus software and cyber security protection should always be updated. This is because cyber scams evolve constantly – in 2023, there are already new scams to be aware of since the beginning of the year. Your cyber security software will be a great tool when it comes to protecting your company – the creators of anti-virus software make sure that the updates are able to stop developing cyber scams on a regular basis. Ensuring that you keep this software updated will keep you protected. 


Know About New Developments

Knowing about how scams evolve and change will make it easier for you to better protect your online business. As aforementioned, cyber scams evolve at an alarming rate – new cyber scams have emerged onto the scene already since the beginning of the year. Make it a point to educate yourself and let your staff know about any new cyber scam developments. This will ensure that they can stay updated on the changes, and update their protection strategy accordingly. Getting ahead of the cybercriminals will allow you to know where to direct your cyber-protection strategy and stop attacks before they happen. Keep up with cyber security blogs, magazines and news so you can be aware of the evolving problems. 


Back-up Your Data

Making it a point to keep your data regularly backed up is one of the best things you can do in order to mitigate the circumstances of a potential cyber attack. For example, one of the worst and most popular attacks right now is ransomware – this is where malware will steal or encrypt your data and will demand payment in exchange for it. Ransomware has already cost multiple businesses hundreds of millions. Making sure your data is regularly backed up on data storage options such as pen drives or the cloud can make a huge difference if your precious data is stolen. 


Insure Your Business

You’ve probably heard of professional indemnity insurance, business interruption insurance, and export credit insurance. These will all protect you in case something goes wrong with your workplace or business operations, or will protect you in the event your clients can’t pay anymore. However, you can insure your business against cyber attacks. For example, cyber and data insurance could be your lifeline and be the difference between bankruptcy and survival if you are attacked online. Cyber and data insurance will help with the costs of recovering data, locking down your company and recovering from the attack. Cyber attacks could potentially cost you thousands upon thousands, so investing in cyber and data insurance could help massively. 


Listen To Your Cyber Security Provider

If your cyber security provider gives you advice, you should definitely consider it carefully. Taking the steps to set up a cyber protection action plan based on expert advice could be the lifeline your business may need one day. For example, too many businesses are vulnerable because they don’t follow the advice of the services that they pay to protect their company. Your cyber security services may advise you to implement more protective methods into your website, such as spam filters or 24/7 monitoring. They may also advise that you get dark web monitoring so you can ensure your business credentials are not being sold to other criminals via the dark web. This way, you can make sure that your business’s online presence is protected. 


Have Your Website Assessed

The most important part of protecting your business online is knowing where you need to be protected. Once you know what your weaknesses are, you will be able to reinforce your protection strategy and know what scams to look out for. Ask your cyber security services provider to conduct a vulnerability assessment on your company’s website. This assessment will thoroughly examine your website and let you know exactly where you are vulnerable to a cyber attack. Ensure you thoroughly heed this advice and change your plan so your company can be better protected. 

Protecting your business online is one of the most important things you can do to secure your longevity and security. You need to take all necessary steps to make sure your business is secure from hackers, and you can never do too much when it comes to safeguarding your business. Start protecting your livelihood today – you won’t regret it.