1. Train employees

Employees have the potential to leave a business susceptible to attacks. Though the exact statistics differ depending on the country and industry sector, it is undoubtedly true that a significant number of data breaches occur due to insiders who either intentionally or carelessly grant cybercriminals access to networks.

Numerous scenarios can lead to attacks instigated by employees. For example, a work tablet may be lost or login credentials may be disclosed by an employee. Moreover, employees might unknowingly open fraudulent emails, exposing the business’ network to viruses.

2. Use a firewall

A firewall consists of a collection of interconnected programs designed to safeguard private network data by preventing unauthorized external access. It is important to ensure that the operating system’s firewall is enabled or free firewall software is installed from trusted online sources. In the case of remote work, it is crucial to verify that employees’ home systems are adequately protected by a firewall.

3. Deploy antivirus software

Users should select antivirus software that provides comprehensive protection against viruses, spyware, ransomware, and phishing scams. In addition to safeguarding devices, the chosen software should include cleaning technology to restore devices to their original state. Keeping the antivirus up to date is crucial to safeguard against the latest cyber threats and address any vulnerabilities.

4. Use a Virtual Private Network (VPN)

Virtual Private Networks (VPNs) offer an additional layer of security for businesses. They enable employees to securely access their company’s network while working remotely or traveling. This is achieved by routing data and IP addresses through a secure connection that lies between the user’s internet connection and the desired website or online service. VPNs prove particularly valuable in situations where public internet connections, such as those found in coffee shops, airports, or Airbnb accommodations, are prone to hacking risks. The main condition for security with a VPN is to choose the right service, as there are also low-quality ones among them. VeePN has proven itself well. It can even be used as a gaming VPN and website unblocking service. By using a VPN, users can establish a secure connection that safeguards their data and privacy.

5. Back up your files regularly

The company should ensure that its files are backed up regularly to mitigate the risk of data compromise or deletion during a cyberattack. It is crucial for businesses to consider the impact of potential data loss on their operations, including the data stored on laptops and cell phones. Implementing a backup program that automatically copies files to storage and allows for scheduled or automated backups can greatly assist in restoring files in the event of an attack. This way, businesses can continue to function smoothly even in the face of cyber threats.

6. Limit employee access

No single employee should have unrestricted access to all data systems. Instead, employees should be granted access only to the specific data systems required for their roles. Additionally, they should obtain permission before installing any software.

7. Keep software updated

Alongside antivirus software, it is crucial for businesses to ensure that all the software they use is kept up-to-date. Vendors regularly release updates to reinforce the software or provide patches to fix security vulnerabilities. It is important to note that certain software, like firmware for a Wi-Fi router, may require manual updating. Failure to install new security patches leaves the router and connected devices exposed to potential threats.

8. Use password managers

Using strong and unique passwords for each device or account can quickly become challenging to remember. The need to recall and type lengthy passwords for every login can also slow down employees. That is why many businesses opt for password management tools, which help ensure uniqueness and enhance security.

9. Guard against physical theft

While individuals must be cautious of hackers attempting to breach their network, it’s crucial to remember that their hardware is also vulnerable to theft. Unauthorized access to business devices such as laptops, PCs, scanners, and so on should be prevented. This may involve physically securing the devices or adding a physical tracker for recovery in the event of loss or theft. It is important for employees to comprehend the significance of any data potentially stored on their cell phones or laptops while on the go.

10. Encrypt key information

If a business regularly handles sensitive data such as credit cards and bank accounts, implementing an encryption program is considered sound practice. Encryption ensures data security by transforming device information into unreadable codes.

Conclusion

Cybersecurity should be a top priority for businesses of all sizes. By understanding the threats and applying these 10 tips, businesses can protect themselves from cybercriminals and ensure data privacy. It is important to recognize that cybersecurity is an ongoing process; as new threats emerge, organizations must invest in their protection accordingly. Ultimately, it is only by taking proactive steps that organizations can protect themselves from cyber threats.

1. Hire an ethical hacker.

If you think of cybersecurity as a purely technical problem, you’re doing it wrong. The best way to ensure that your company’s cybersecurity is up to snuff is to hire an ethical hacker—someone who can test your system for vulnerabilities and advise you on how to fix any issues they find.

For those unfamiliar with the term, “ethical hacker” refers to someone who tests systems for weaknesses or bugs, but does so with permission from their employer. Ethical hackers are not the same as penetration testers (who usually work for companies that offer penetration testing services), who break into systems without permission and often use illicit software tools in their exploits.

2. Get your software from trustworthy sources.

To ensure your software is from a trustworthy source, you have to make sure it was created by a reputable company. Companies with good reputations will have no problem letting you know where they get their software from. Look for companies that offer transparency in their processes and responses when dealing with customers. The best way to find out if something is legitimate is to ask questions; this will help narrow down the options for you so that you can find the right fit for your needs without wasting any time or money on something that doesn’t work well enough for your needs. Also, be sure to use business verification services.

These are services that will verify the legitimacy of a company’s website and business. These tools can help you find out if the company is actually who they claim to be, as well as how long they have been in business. This can be especially useful for finding out about companies that you aren’t familiar with because it provides more information than just a simple Google search ever could.

3. Take a look at your website’s SSL certificate.

The first thing you’ll want to do is make sure that your website is using an SSL certificate. An SSL (Secure Sockets Layer) is a security protocol used to encrypt the data that’s transmitted between your server and the end user, so that it can’t be intercepted by an eavesdropper on the line. This means that hackers won’t be able to read or modify any of your communications with customers or other parties, making sure all of those personal details stay safe from prying eyes.

There are two main ways you can go about getting an SSL: either pay for one outright, or get one for free through Let’s Encrypt. If you decide on the former option, there are several providers who offer pre-made SSL packages; these come in different flavors depending on how many domains they cover and how much traffic they handle per month (if any). Otherwise if Let’s Encrypt seems like a better fit (in terms of price), then check out their documentation page here which explains how exactly this works in detail before proceeding further down this path!

4. Don’t use default passwords or login information.

When it comes to selecting passwords, the mistake that occurs most often is when individuals use the same login information for different websites. Don’t even consider it! It is in your best interest to use a unique password for every website and application you use. This way, even if one of your passwords is cracked, the security of your other accounts will not be compromised.

It’s also important to use strong passwords that are hard for hackers to guess. The best way to do this is by not using anything personal about yourself as part of the password—things like names or birthdays can be easy for cybercriminals to find out online, so don’t use them as part of your login credentials. Also avoid using simple words or phrases (like “password”), common numbers (such as ‘123456’) or strings of random ones (‘qwertyuiop’ or ‘asdfgh’). Instead try using something unique but memorable—the name of a favorite movie character might be good enough!

5. Investigate your cybersecurity software.

Some of the most critical cybersecurity software is embedded in your computer or operating system, but you can also find security apps that are designed to work with other programs. Before you install any cybersecurity software, make sure to check the date of its last update and compatibility with your system.

If you’re looking for an all-in-one piece of antivirus and malware protection, consider Microsoft’s Windows Defender or Apple’s built-in security features on MacOS devices. This way, you’ll save money (and headaches) by not having to purchase separate virus protection programs that may conflict with each other.

If you’re unsure whether a particular brand is reputable enough for your business, check out recent reviews from third parties such as CNET or PCMag—or even just Google searches—to learn more about their track record when it comes to customer service complaints and quality assurance testing results.

6. Make sure all employees are educated on cyber hygiene.

Cyber security is a topic that everyone should be educated on, especially employees. If a hack or attack occurs, it’s important to be able to react quickly and appropriately. Company leaders should make sure they have an emergency plan in place for all employees to follow when these situations arise. Below are some tips on how you can prepare your team:

• Train them on cyber hygiene. This means making sure they know what actions they should take if they suspect their personal data has been breached or stolen by hackers, including changing passwords immediately and keeping tabs on their financial accounts for any unusual activity (for example, bank accounts that have been drained after being hacked). It also means educating them about phishing attacks—where attackers impersonate someone else in an attempt to get users’ sensitive information like passwords and credit card numbers—and ransomware attacks—where attackers use malware like Cryptolocker to encrypt files until money is paid in exchange for restoring access.”

Encourage them to keep their software up to date. Verify that all of the computers and mobile devices used by your staff members are using the most recent version of the software. This helps guard against cyberattacks, particularly those that exploit weaknesses in earlier versions of the software.

Conclusion

I really hope that by reading this guide, you now have a better understanding of the complexities of cybersecurity and how to safeguard your company. The issue of cybersecurity is an essential one that should be considered by all new businesses, despite the fact that it is one that may be difficult to grasp. You will be more prepared for whatever the future holds for you in this fast-paced sector if you keep these guidelines and recommendations for best practices in mind.

Retail businesses are constantly changing and evolving. The possibility to purchase items online through eCommerce has increased cybersecurity challenges tenfold. With the arrival of the digital age most people shop monthly online using computers, tablets, or smartphones, so hacking and data breaches have become a serious threat to retailers with an enormous cost to both budgets and reputations.

Nowadays, it is a given that retailers must operate online to remain relevant and competitive. This translates into increased cybersecurity challenges. Cybersecurity and hacking threats can be very expensive and even place customers at risk.

What Are Cybersecurity Challenges for Retail Businesses?

When involved in online retail, there are a variety of common security risks that can occur at just about any level. Here are some common threats to prepare for.

1. Data Breaches

Data breaches allow hackers to steal any stored payment information such as credit or debit cards. They often appear legitimate to get in the door. Financial data is then sold to bad actors underground for financial gain.

2. Device Vulnerabilities

Many attackers will attempt to directly penetrate devices, especially those using contactless technology. Bad actors will attempt to harvest data directly from IoT devices.

3. Refund Fraud

Whether a hacker is paying for an article with stolen credit card information, pretends a purchase never arrived or provides a fake receipt for a purchase never made, this person or persons will ask for an unwarranted refund. While these refunds may appear to be of small amounts, when repeated at various levels, they can add up to a considerable loss in profits.

4. Software Vulnerability

Software ages relatively rapidly leaving vulnerabilities. Updating software regularly is one of the best ways to protect against vulnerabilities. Depending on the systems used, this may be necessary to do manually. If you do not apply updates as soon as there are released your software will be vulnerable and open to hacking. Because most software is connected in some form, an entire system can be open to attack.

Operating systems and apps in use must be promptly updated as well so if a system has automatic updates for security patches, it should be used.

5. Spam and Phishing

Although two of the oldest tricks in a hacker’s repertory, they work. Hackers wait for your staff to open a spam email that will permit them to access financial and bank data. Spammers may be stealing from your business and your clients and you may not initially notice. They can also use spam to install malware or ransomware, penetrating and attacking your entire online retail system.

Ransomware can be installed, and hackers will encrypt your entire system, freezing your operations and causing huge monetary losses until you pay a ransom.

6. Supply Chain Threats

Many retail businesses use supply chains meaning that confidential information may be shared with several or even many vendors. Hackers will attempt to infiltrate the less-secure supply elements in a network. They can steal millions of email addresses or worse through the vendors you work with.

How to Boost Your Retail Business’s Cybersecurity

With technological advances come increased security challenges and threats. As technology moves forward, bad actors increase efforts to violate those systems. Here are some of the top four tips to help you protect your clients and your retail business, and to stay on top of challenges.

1. Compliance with Security Regulations and Employee Preparedness

The foundation of any security strategy is to make sure your retail business is complying with all data and privacy regulations for your country. Privacy laws will zero in on how you collect personal data, retain, and store it, and protect it. Protecting your clients’ data will contribute to keeping customers returning and ward off potential legal problems and lawsuits.

Another pillar of your retail business cybersecurity will be keeping your employees in the loop. They are generally the weakest link in any business operation. Untrained employees will not spot suspicious cyber threats and can easily become victims of schemes by bad actors. Employees can lose devices or expose them to cyber-attacks. Employees are an important part of your defense. Regardless of how advanced your cybersecurity system is, the human factor can send the entire system tumbling down.

2. Encryption, Disaster Recovery, and Multifactor Authentication

Any data that is stored in your system needs to be encrypted. Consider investing in a cloud-based system that has integrated security to protect all information as well as your retail transactions. These systems can impede third-party bad actors from interfering with your data transmission and storage. While on-premises storage can be effective, cloud-based systems generally offer firewalls, data masking, access control, and intelligence regarding threats. A crucial part of your data storage will also be a disaster recovery strategy with data backup and system reset in the event of lost or stolen info.

While utilizing encryptions for all stored and transmitted data, it is also wise to introduce MFA. Check-out and payment processes for customers should include multi-factor authentication for added security to contrast fraud.

3. Network, POS Terminal, and Website Security

If your retail business includes a brick-and-mortar shop, cybersecurity is just as important for physical shopping locations. PoS systems and payment terminals can be vulnerable. Self-pay and payment terminals need to be audited regularly for data theft devices and skimmers that steal client information.

Consider VPN protection for your business wi-fi network as well as anti-malware software to add another security layer. Also, have your website checked for malicious codes which is one of the newer methods bad actors use to capture sensitive data for online purchases. Your systems as well as those of your business partners need to be reviewed at regular intervals.

4. The Integration of Physical Security with Cybersecurity

Physical security teams manage access control, physical logistical monitoring, and security personnel. Cybersecurity pros are dedicated to contrasting cybercrime. IT and technological advancement are now more than ever cloud-based and often remotely managed to make cyber security directly linked to physical property security.

Access management and touchless access systems, retail security cameras, video feed, and smart locks are increasingly integrated into physical facility security. Automated physical systems can also be targeted by hackers. This makes convergence strategies and practices for combining shared security objectives to protect spaces and protect IT systems more relevant and indispensable than ever.

Cyber breaches are not limited to sensitive data storage but may include access locks, alarm systems, video feed cams, and even smartphones using apps. These breaches can place the security of physical retail properties for companies at risk.

Meeting the Challenges

The growing move to a digital world has brought not only incredible advantages but equally formidable challenges. Cybersecurity is not optional for any retail business whether brick-and-mortar or eCommerce based.

Aside from investing in cybersecurity for your company and top-notch IT security professionals, retail business entrepreneurs need to remain updated regarding evolving cyber threats and what the cybersecurity industry has to offer in terms of new technology to contrast new threats.

It can often be difficult to get started on your cyber resilience journey at first. You could opt for a convenient and cost-service like a Virtual Cyber Assistant to help you identify where to start from & how to create effective cybersecurity policies and procedures.

In an increasingly technology-dependent world, a layered approach is essential to protecting your business.

Why Do You Need Layered Cybersecurity?

According to the FBI 2021 Report, Internet crimes are up 69.4%, with reported losses of $4.2 billion. These losses come in the form of actual money, lost productivity, locked customer data, regulatory fines, damaged reputations, and more.

Criminals have many methods they can use to cause this kind of disruption:

• Phishing scams – These can take many forms. They may send bulk emails to employees, hoping just one person falls for it and they’re in. Or they may target a single employee who holds the purse strings with an email appearing to be from their boss.
• Business Email Compromise (BEC) – They access an executive’s email and send instructions to employees or clients to forward the money to a different location.
• Ransomware – They encrypt your important files and require a ransom to unlock the files.
• Malicious code in apps and extensions – With this code, they can wreak havoc, setting up auto payments through payment processors, tracking your activity, or using your systems to target others.
• Website downloads – They can also get code on your computer this way.
• Nefarious employee activity – There have even been instances where criminals paid employees to use their access to make changes to a companies’ systems that enrich the criminals.

The best way to protect your systems would be to unhook yourself from the Internet. But in modern business, that’s not an option. That’s even more true now that we have so many employees working remotely.

So these are risks we have to learn to manage. But with so many ways a criminal can access and manipulate your systems, you need layered cybersecurity.

What Does a Layered Cybersecurity System Look Like?

A layered cybersecurity plan doesn’t rely on one method of protection. It recognizes that any protection can fail. You can have antivirus software, but criminals will find ways to exploit it.

A layered system starts with an antivirus because that’s a critical component. But it doesn’t end there. It may also include:

Endpoint Security

An endpoint is any device that can access your system: laptops, phones, the Internet of Things, etc. You need to know what devices are accessing, what they’re doing, and have systems in place to verify who is accessing.

Backup and Disaster Recovery

If someone were to hold your data for ransom, it’s less impactful if you can just remove the malware and restore the data from a backup. You need a contingency plan to get your systems restored and people back to work, ideally without missing a beat.

Excellent Spam Filters

Reduce the chances that employees see emails that are malicious. Spam filters today use machine learning across not just your business but the millions of businesses using the same email platform.

This allows them to spot potential threats and route them to spam or junk files. This isn’t to say every email that goes to junk is malicious. These filters also send emails that you rarely open here.

But any email that does go to junk should be looked at closely if your employee is considering restoring it to the inbox. It’s unlikely the spam filter would ever send something from an important person here, so chances are, even if it looks like it’s from that person, it isn’t.

Multi-Step Authentication

A password is no longer a secure gateway to sensitive systems. Multi-step requires a person to verify their identity through two or more methods, such as a code sent via text.

Tiered and Partitioned Access

Customer service shouldn’t be able to access files from accounting or vice versa. Front-line employees don’t need access to management-level documents. Setting up a system of controlled access can control a breach, limiting it to a section versus impacting everything.

Real-time Monitoring

Real-time monitoring that uses machine learning to learn what’s normal and how to identify irregularities can help you spot a problem sooner so you can eliminate the threat and repair the damage.

An Investment in Training

Your employees are the front lines of your cybersecurity defense. Train them to spot potential threats and think twice before taking instructions that seem out of the ordinary. Set up a system to inform management and IT of possible threats.

Together, we can prevent these damaging attacks. Create a layered cyber defense and protect your company from criminals seeking to enrich themselves by exploiting your weakest links.