5 Proven Cyber Security Essentials for Your Business in 2024

According to a survey of IT security professionals, the COVID-19 pandemic has prompted an increase in cyber attacks worldwide. The Center for Strategic and International Studies (CSIS) and McAfee estimate that cybercrime costs the world $600 billion annually, which includes data damage, stolen money, property loss, etc. So, it is important to build a cyber fortress around your business.

Cyber Essentials is a UK government plan that outlines measures that companies may implement to protect their networks.

This blog explains five cyber-essential controls to keep your business safe.

1. Use Strong Passwords

Easily guessable and weak passwords are a common way of entry for sneaky cybercriminals. So make sure your passwords are tough nuts to crack. 64% of people keep weak passwords, according to a recent global study by Keeper Security. Consider using a password manager to generate and store strong, unique passwords.

Some good rules of thumb for passwords that Microsoft recommends are:

• Use longer passwords, like 12 or 14 words.
• Use complex passwords, like a combination of numbers, uppercase, and lowercase letters, and symbols.
• Don’t use any words found in the dictionary, like names, etc.

2. Enable Multi-Factor Authentication (MFA).

Think of it as adding another lock to your digital front door. The addition of MFA to your accounts and systems adds an extra layer of protection. You will approve logins via push notification or generate a code after entering your password correctly.

MFA includes:

• Four-digit personal identification numbers (PINs)
• One-time passwords (OTPs)
• Security tokens or smart cards
• Biometric verification

3. Don’t Click on Unknown Links

Avoid clicking on every link in emails. According to research, 94 percent of malware is delivered by email, and 57 percent of organizations see weekly or daily phishing attempts. Most people think they’re safe as long as they don’t download anything. Your computer can get infected even if you just click a bad link.

4. Prevent Malware

Malicious or malware is unwanted software e.g. virus, worm and spyware. These digital pests cause a lot of damage to your devices and data. So, avoid downloading software from unknown sources. If you want to send files, do it via email, or safe cloud storage instead of removable media like USB etc.

Furthermore, ensure your firewall is always on; it’s the gatekeeper that stands between you and the cyber underworld. Globally, 5.5 billion malware attacks happened in 2022.

5. Install Anti-Virus

An antivirus is like a digital watchdog, protecting your device from damage caused by malicious codes. According to a survey in the UK, 73 percent of people protect themselves sufficiently against cybercrime by using antivirus software. Furthermore, if you want to take your protection to the next level, Endpoint Detection and Response (EDR) is a next-generation antivirus.

Conclusion

Cybercriminals look for weaknesses that can easily be exploited, just as robbers find poorly protected homes. So, keep your business data safe with a multifaceted approach: up-to-date antivirus software, avoid downloads from unknown sources, secure methods for data transfers and strong passwords. Don’t consider cybersecurity a cost; it’s an investment. Now, which method you’re going to apply today for your business? Share in the comments below.