5 Ways in Which SMBs Can Fight Cybercrime
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5 Ways in Which SMBs Can Fight Cybercrime

By Capital Markets CIO Outlook | Wednesday, August 14, 2019

As cybercriminals become more innovative and ruthless in their approach, it has become imperative for small businesses to incorporate robust cybersecurity measures or fall victim to the hackers.

FREMONT, CA: The rise in cyberattacks has spurred organizations to buttress their virtual walls with powerful cybersecurity solutions. When tech giants fall prey to the havoc of cybercriminals, small businesses stand little chance of defending their assets against the destructive cyberattacks. Besides, most small and medium businesses (SMBs) are under the impression that cybercriminals will overlook them and end up neglecting cybersecurity.

However, SMBs have not been more incorrect in their notion. The US Congressional Small Business Committee revealed that cybercriminals had targeted over 71 percent of the SMBs in the last few years. It is high time SMBs began enhancing their cybersecurity measures.

Raising Firewalls

Firewalls are the first line of defense against cyberattacks and are essential for blocking malware and ransomware. They are vital to secure enterprise networks. Also, organizations can install IDS and IPS. Internal firewalls can also be used to bolster the external firewalls and provide an additional layer of defense.

Documenting Security Policies

Many SMBs often neglect the documentation process. However, in the case of cybersecurity, documentation of security policies and procedures is vital for organizations to evaluate the capabilities of its security solutions and also to form effective strategies. It also offers an efficient way of transferring knowledge.

Backing up Data

Data backups have become a logical option for organizations with the rise of ransomware attacks. It is better to prepare for worst-case scenarios rather than waiting for the cyberattackers to strike first. Implementing offline backups will prevent cybercriminals from taking data hostage, as well as protect it from the destructive reach of natural calamities.

Multifactor Identification

Even large organization with the best cybersecurity features fall victim to cybercriminals, and this is often attributed to the smallest mistakes by employees which grant entry-point to hackers. Hence, organizations must implement multifactor authentication to provide an additional defense layer.

Constant Updates

Organizations need to have efficient patch management systems in place to keep all the software and applications up to date and resolve the inherent vulnerabilities. The most destructive ransomware attacks were often attributed to the failure to update and patch operating systems and applications when prompted by the software providers.

Check out: Top Fraud And Breach Protection Companies

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