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5 Cost-effective Cyber Security Tips for Entrepreneurs & Startups

Cyber Security protects computers, networks, programs, and data from attack, damage, or unauthorized access. It applies to organizations that range in size from small businesses up to large government entities. In this post we will list few cost-effective cyber security tips for startups.

As per a report by Symantec in 2013, cyber threats are on the rise — last year, they increased 44%.

Due to growing threats, every organization must have proper cyber security measures in place to protect their infrastructure and sensitive information used within their daily workflow.

Protecting your assets requires knowledge of these assets and how they operate so you can take appropriate action when it comes time to prevent or detect attacks.

What is Cyber Security?

Cyber security protects computer systems from theft or damage to the hardware, software, or information on them and from disruption or misdirection of the services they provide.

As we see, many online retailers and small business owners are investing in various IT-related solutions such as cloud computing and e-commerce platforms. Still, most of them fail to ensure that these investments are secure against cyber threats.

An unsecured network is vulnerable not only to outside attacks but also to internal hacking. It’s estimated that over 88% of all targeted data breaches involved stolen and/or weak passwords. This shows us that simple actions like using strong and unique passwords for every account could protect our businesses efficiently. Basic cyber security tips like this can save your company from data breaches and cyber theft.

5 Cost-effective Cyber Security Tips for Entrepreneurs & Startups

Why is Cyber Security so important?

The most recent example of the importance of cyber security is the massive data breach at eBay. According to media reports, about 145 million users were stolen in one of the largest data breaches reported to date.

An unsecured network is vulnerable not only to outside attacks but also to internal hacking. It’s estimated that over 88% of all targeted data breaches involved stolen and/or weak passwords. This shows us that simple actions like using strong and unique passwords for every account could protect our businesses efficiently.

Cost-effective Cyber Security Tips for Small and Medium Entrepreneurs

Many small and medium entrepreneurs who want to adopt cyber security solutions think that this process is too expensive and complicated. This belief prevents them from protecting their business effectively against cyber threats.

Passwords continue to be the top targeted data breach method in 2015, so we should always remember that a strong password could efficiently protect our businesses.

While it seems like an undesirable task at first glance, small business owners should feel encouraged knowing how much their company cares for its people. So following are the cyber security tips for startups:

Invest in a Threat Protection System 

Investing in a comprehensive threat detection system can be beneficial for your business’s cyber security efforts. This robustly designed product also provides companies next-gen IPS protection against an ever-expanding array of digital dangers, so investing is worthwhile! Most of them utilize machine learning techniques to make informed real-time decisions and block malicious traffic without compromising on overall performance or security.

Secure Your Office Network

Password protecting the network is not just “the absolute least” you can do. It’s actually an action that will limit access to your business’s private information. Even if a cybercriminal doesn’t hesitate to jump on unsecured networks, limiting their time while they’re there by password protecting yours could be life-saving for any small business. To maintain security and privacy of data in addition to SSID broadcasting, turn off wireless connections through WEP encryption settings as well; this way, only authorized users with passwords or keys would be able to connect successfully (keys are available via router admin). However, turning SSID broadcast back on temporarily when adding new devices requires attention too.

Two-factor Authentication

One of the easiest and cost-effective tools for entrepreneurs is setting up two-factor authentication whenever possible and ensuring all passwords are unique, complex, and regularly changed. Besides, they should never use the same password across different platforms or accounts. What industries should use this and why? It’s important to note that cyber security affects every industry, including retail, education, healthcare, government, etc.,, and every type of organization globally.

Establish a Culture of Security

A strong team is made up of engaged members who are educated on proper security practices and willing to follow through. As such, if your staff isn’t on board with cyber policies within your enterprise, problems will arise. You can help prevent slip-ups by fostering a culture of cybersecurity in the startup workplace – educate employees about best practice protocols & what happens when they’re not followed; encourage staff with questions or ideas for improving current policy.

We can see that cyber security for startups isn’t a privilege but a necessary part of the business. It’s important to note that cyber security affects every industry, including retail, education, healthcare, government, etc, and every type of organization globally. We can see that cyber security isn’t a privilege but a necessary part of the business.

What industries should use this and why?

Small businesses are the most vulnerable targets against cyber security threats. They lack professional expertise to protect their systems, which makes them subject to various attacks. According to the “Small Businesses and Cybercrime Report” (2015) published by Symantec Corp., 44% of small business owners were aware of data breaches involving other companies, but only 30% of them had taken the appropriate measures for protection; hence, these businesses are currently very exposed to any threat related to data thefts.

Big corporations can significantly decrease their IT budget if they outsource cyber security experts like Panda Security’s Managed Antivirus offering that will monitor networks inside corporate offices or remotely. 

Nowadays, people invest in self-managed professional protection rather than wasting energy on minimizing their risk exposure with poor results. What is more, it seems that cyber threats have become more sophisticated than ever. Hence, it is beneficial to use the services of an external service provider rather than trying to minimize one’s risk exposure with poor results.

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Conclusion:

These were the 5 cyber security tips for startups and entrepreneurs. Cyber security is a crucial part of any business, no matter the size and industry. Every company should take some precautions to protect their staff and information. Cyber threats have become more sophisticated than ever, so it is beneficial to use the services of an external service provider rather than trying to minimize one’s risk exposure with poor results.

Photo by Dan Nelson on Unsplash

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