Cyber threats are a concern for businesses–running the risk of being targeted by advanced and evolving attacks. The impact of cybercrimes like ransomware, social engineering fraud, and business email compromise make the implementation of comprehensive cyber readiness practices essential for every business. Check out these 5 steps you can take to better protect yourself.
1. Use Multifactor Authentication (MFA)
Multifactor authentication can make you 99% less likely to be hacked, according to the Cybersecurity and Infrastructure Security Agency. MFA should be required for all users. It helps prevent cybercriminals from accessing a business’s system or infiltrating a network, and can prevent ransomware attacks and other cybercrime schemes perpetrated against an organization.
2. regularly run system updates
Your cybersecurity plan should include strategies for keeping systems updated. An unpatched vulnerability is one of the most common access points used to compromise a computer system or network. Best practices include enabling automatic updates where possible, replacing unsupported systems, and testing and deploying available patches quickly.
3. implement endpoint detection and response (EDR)
An EDR solution protects against malicious attacks and provides safeguards that traditional antivirus solutions cannot. EDR technologies monitor for anomalous behavior on each system rather than simply searching for malware.
4. create an incident response (IR) plan
The goal of an IR plan is to have a clearly defined, focused, and coordinated approach for responding to cyber incidents. This enables the business to limit damages and hastens a return to normalcy. Your IR plan also shows partners, suppliers, and clients that you take cybersecurity seriously.
5. back up your data
Make copies of important data and system configurations, then comprehensively protect those backups. Backups protect against human errors, hardware failures, cyberattacks, power failures, and natural disasters. It is one of the most important steps a business can take to protect against cyber risks.

Graphic from Vecteezy.com

Graphic from Vecteezy.com
Does your business insurance plan protect against losses incurred from cybercrime? Contact us today to review your policy (630) 441-1003