Safeguarding Your Small Business: 7 Point Cyber Security Checklist

In today's digital age, cyber security is not just a concern for large corporations; small businesses are equally susceptible to cyber attacks. In fact, small businesses often lack the resources and infrastructure to withstand the financial and reputational damage caused by a breach.

According to recent studies, nearly 60% of small businesses that experience a cyber attack go out of business within six months.

Attackers don't discriminate based on business size; they exploit vulnerabilities wherever they find them, making small businesses just as much of a target as larger enterprises.

1. Implement Two-Factor Authentication (2FA): Two-factor authentication adds an extra layer of security by requiring users to provide two forms of identification before accessing an account or system. By enabling 2FA on all business accounts, including email, CRM systems, and online business shopping platforms like Amazon, you significantly reduce the risk of unauthorised access, even if passwords are compromised.

2. Regularly Update Software and Systems: Ensure that all software, operating systems, and applications used in your business are up to date with the latest security patches and updates. Cybercriminals often exploit vulnerabilities in outdated software to gain access to systems. Implementing automatic updates wherever possible can streamline this process and minimise the risk of exploitation.

3. Educate Employees on Cyber Security Best Practices: Your employees are your first line of defence against cyber threats. Provide comprehensive training on cyber security best practices, including how to recognise phishing emails, the importance of strong passwords, and how to securely handle sensitive data. Encourage a culture of vigilance and zero trust. Empower employees to report any suspicious activity promptly.

4. Secure Your Wi-Fi Network: Wi-Fi networks are a common entry point for cyber attacks. Secure your business's Wi-Fi network with a strong, unique password and encryption protocols such as WPA2 or WPA3. Consider implementing a guest network for visitors and restrict access to sensitive data on the primary network.

5. Back Up Data Regularly: Data loss can occur due to various reasons, including cyber attacks, hardware failure, or human error. Regularly back up your business data to secure offsite locations or cloud storage services. This ensures that you can recover critical information in the event of a security incident without significant disruption to your operations.

6. Implement Access Controls and Privilege Management: Limit access to sensitive data and systems only to those employees who require it to perform their duties. Implement role-based access controls and regularly review user permissions to prevent unauthorised access or internal threats.

7. Invest in Cyber Insurance: Cyber insurance can provide financial protection in the event of a data breach or cyber attack. It can cover expenses such as forensic investigations, legal fees, and customer notification costs, helping mitigate the financial impact on your business.

By implementing these simple yet effective cyber security measures, small businesses can significantly reduce their risk exposure to cyber threats and help safeguard their sensitive information. Remember, cyber security is not a one-time task but an ongoing commitment to protecting your business and its assets in an increasingly digital world. Take proactive steps today to fortify your defences and mitigate potential risks tomorrow.

To learn more about how to protect your business from cyber threats, contact your local cyber security experts, Paradise Computing on 01604 655900 or send us a message using our contact form.