How to protect your business from costly cyber attacks

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At Spyderweb, we believe every business deserves a fighting chance, so with cyber attacks on the rise, we’ve taken it up to guide you on how to protect your business from costly cyber attacks.

As a business owner, your question isn’t if your website or business could be a victim of cyber attacks, it’s when. Proactive cybersecurity measures are no longer a “would be nice-to-have” security measure. They’re the difference between weathering the storm and your business becoming another cyberattack statistic.

Speaking of cyber attacks, these threats are getting worse, not better. In just 2023 alone, the average cost of a data breach when hackers steal customer information hit a large $4.45 million. And it’s not just big companies that get targeted; smaller businesses like yours are becoming more and more attractive to hackers, especially if they find weaknesses in your website.

The key takeaway here is that protecting your website from online attacks isn’t just another “leave it to the IT guy situation”. It is something every business owner and marketer who cares about their website and data needs to take seriously. It’s about keeping your customer’s information safe and protecting your reputation.

If you have read this far, then you have taken the first step to understand the damages cyberattacks can inflict on your business. But that’s not all, there are several bases to be covered, so keep reading to find out. 

What threats should you be on the lookout for?

By now you must have heard words like “ransomware” and “malware,” so let’s unwrap what these attacks are and what they mean for your business:

  • Malware: Malware is an umbrella term for this nasty software designed to wreak havoc. Viruses, ransomware, and trojans might all work differently, but their goal is the same: infiltrate your systems, steal data, or hold your operations hostage for a hefty ransom.
  • Ransomware: Its purpose is in its name “Ransom.”. It’s your worst nightmare. Its purpose is to encrypt your files, giving the hacker leverage to demand a huge payout to unlock them. Businesses are prime targets, they often have valuable data and are desperate to return online.
  • Denial of Service (DoS): Also known as The Digital Bully. These attacks attempt to shut down your website or network by flooding it with so much traffic that it can’t handle legitimate requests.  For businesses that rely on their online presence, this means lost sales and frustrated customers.

It’s scary, isn’t it? How far will these cyber attackers go to run down your business? But the truth is there are some measures you can put in place to secure your website or data. Let’s get into it:

How to fortify your defense against cyber attacks

Don’t leave your business’s security to chance. Here’s how to build a strong defense strategy:

1. Spotting attacks

To start it could be as easy as looking out for these cyber attacks. Everyone slips up and these hackers are no different. Phishing emails often have subtle errors, websites can have misspellings, and odd pop-ups are a big red flag, so always check for little details before clicking anything. Also teach your team to trust their guts, if something seems off, it probably is. Empower them to report suspicious activity without fear of repercussions.

Check out how to spot and avoid phishing scams.

2. Employee training

Protecting your business from cyber attacks is an all-hands-on-deck task, and your employees are your first line of defense, but they need the right weapons. Engaging, ongoing training teaches them how to spot scams, protect passwords, and report suspicious activity. Don’t make it just another boring policy document; use real-life examples and make it a team effort for better engagement.

You’ll need this article: Top 10 Cybersecurity Policies Every Business Needs

3. Cyber action plan

Every business needs a customized plan outlining your biggest risks, how to protect your most valuable data, and what to do if an attack happens. Think of it as your battle plan, ready for when the cybercriminals come knocking, which is very likely to happen.

Read more on How to implement cyber risk management in your business.

4. Secure backup

Backups are your lifeline if ransomware hits, for example. Store them offline in multiple locations, so if one system is infected, your data is still safe and you don’t have to pay any ransom demands. Test restoring from backups regularly so you’re not caught off guard during an attack.

5. Software updates

Software updates aren’t just about new features; they often patch security holes. Make sure your operating systems, web browsers, and business software are always up-to-date. Enable automatic updates whenever possible to make this process as seamless as possible.

Stay one step ahead with Spyderweb

Cybersecurity is never a one-and-done deal. Hackers constantly find new ways to exploit systems, so it’s important to stay vigilant. Don’t get complacent; stay one step ahead of these cyber attacks by relying on Spyderweb. Let’s help you secure your data and website from the reach of cyber threats of any kind. Contact us today!

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