The hallmark of a successful entrepreneur is building businesses that can overcome all forms of adversity. A resilient business. To find out more about olcbd click here.
Barely two decades ago, cyberattacks weren’t one of the adversities business owners prepared for. Today, it’s arguably the #1 threat facing businesses, especially the small ones. More than 50 percent of cyberattacks are now aimed at small enterprises, largely due to the lack of preparedness.
One cyberattack can cripple your company and put it out of business. This is why every modern business needs great cyber resilience.
But first things first:
What Is Cyber Resilience?
Cyber resilience is the ability of an organization to anticipate and defend itself from sustained online attacks. Not only that, but it also needs to adapt and recover from the consequences of an online attack.
There are different forms of online attacks, including:
- Password attacks
- Driver-by attacks
- Phishing and spear-phishing attacks
- Man-in-the-middle attacks
- Denial-of-service (DOS) and distributed DOS attacks.
- Cross-site scripting attacks
- SQL injection attacks
- Eavesdropping attacks.
A cyber-resilient business is aware of all forms of cyber attacks it could face and has put in place adequate measures to thwart the attacks.
How to Increase Your Business Cyber Resiliency
As a small business owner, you might not prioritize making your company more resilient to cyberattacks, especially if you’ve never been a victim. However, when you consider the fact that a cyberattack can cost your business $4 million, the need to increase cyber resiliency increases.
But how do you build a cyber-resilient business? There are a number of steps you can take, as fleshed out below.
Identify Cyber Threats
Knowing the cyber threats your business faces is the first step to enhancing cyber resiliency.
A mistake business owners make is taking a blanket approach to cyberthreats. While it’s wise to cover all bases, your organization might not be facing all kinds of cyber threats. If you don’t have a business website, for example, there’s no risk of suffering a DNS hijack.
Hire a cybersecurity specialist to audit your operations and make a report detailing all the cyber threats your company faces. This way, you’ll be able to direct your cyber defense resources to where they are needed.
Create a Response Plan
Responding to cyber threats doesn’t mean waiting until they have materialized to act. It means taking appropriate preventative measures.
These measures are determined by the nature of the cyber risks your organization faces. They could be as simple as creating strong passwords to installing high-performance security firewalls.
Cyber response preparation also involves training your employees. If they know how to detect and respond to cyber threats, you’ll seal many loopholes. Employees are the weakest link in cybersecurity. Resilia training courses are a good option for your organization.
Plan for Doomsday and Recovery
Even with top-notch cyber defense, your company can still suffer a breach. Hackers are always finding new ways to penetrate systems and stay ahead of security measures.
Planning for doomsday and recovery is critical. Your people need to know what to do in the event of a data breach. Assign roles to your cybersecurity professionals and always backup your systems.
Cyber Resiliency Is Good for Business
A resilient company can adapt to a changing business environment. Cybersecurity is a major threat in today’s environment, so your business needs to adapt – or perish. Use these tips to increase cyber resilience and keep the bad guys away.
Explore our blog for more business and technology tips.
