You need to take cyber security seriously, regardless of the size of your business. Criminals are targeting both small and large businesses, and you need to check for any weaknesses in your security regularly. Here are 3 Cyber Security Vulnerabilities you need to ensure your business doesn’t have.
- Check your Antivirus software regularly and keep it up to date
- Do you have Weak Login Credentials / have any of your accounts been compromised
- Lack of Ransomware Protection
VULNERABILITY #1 – LACK OF ENDPOINT SECURITY
Many businesses don’t have or regularly check their endpoint security solutions such as antivirus programs. This leaves their business susceptible to cyber attacks such as ransomware and malware.
Some endpoint solutions rely on virus definitions or signatures to detect an attack. Some out of date software is often inadequate.
Many cyber criminals can bypass definitions quickly and undetected. Some solutions don’t monitor for unexpected and unusual behaviour that typically happens during a cyber attack.
The best way to combat these issues is to invest in an endpoint solution that involves next-generation antivirus, response and behavioral analysis.
What is Endpoint Security?
Endpoint security Is when you secure the endpoints and / or entry points of devices such as desktops, Laptops and mobile devices etc. It has evolved a lot since the more traditional anti virus solutions of the past. It provides a more sophisticated approach when it comes to malware and ransomware.
As virus threats get more sophisticated, it’s good practice to implement this level of protection. The new systems are designed to detect, analyse and block suspicious activity while they are in progress.
Please get in touch if you would like to know more or have any questions about Endpoint Security.
VULNERABILITY #2 – COMPROMISED OR WEAK CREDENTIALS
Cyber criminals can easily compromise your Username and Password if you haven’t got the right protection in place. For instance, an unsuspecting team member may fall victim to a phishing email and enter their login information into a fake website.
With these compromised credentials, an attacker can gain access to your business data.
There are a number of ways to combat this, such as by enabling MFA (Multi Factor Authentication) on your systems. MFA provides an extra layer of security.
It ensures that users are who they say they are by requiring two pieces of information in order to sign in. This is usually their password and an additional verification, such as a one time access code, in order to login.
Even if the password is compromised, the chances of the additional verification factor also being compromised is very low.
What is Multi Factor Authentication?
When you sign into any account online, you usually go through a process called authentication. Effectively proving your identity to the website you’re logging into. For many years this has been achieved by using a username and a password.
This is however a very insecure method of authentication. That’s why now almost every bank, some social media websites and online stores use additional authentication.
You may hear Multi Factor Authentication called Two-Step verification or Multifactor authentication. They all work the same way. You still login using your username and password but there is an additional layer of security. This can be a pin number text to your mobile phone or a unique code generated by a separate application.
VULNERABILITY #3 – LACK OF RANSOMWARE PROTECTION
Ransomware is the name given to a cyber attack, where the cyber criminals attack your system and network and encrypt your files making them inaccessible.
This can cause chaos for small and large businesses. In 2017 a notorious ransomware attack called “WannaCry Outbreak” cost the UK £92 million and global costs in the region of 6 billion. This also affected the NHS and all of their computer systems were brought to a standstill.
Even though victims paid the ransom all of the data was virtually unrecoverable. So it’s not just ransomware protection you need. It’s a redundancy plan to make sure all of the data is backed up elsewhere and is accessible in the event of a cyber attack.
The majority of victims in these types of attacks are told to pay the ransom using a crypto currency such as bitcoin. They will then send a passcode, allowing you to get back into your system and files.
Make sure you have software and processes in place to prevent these kinds of attacks. Ensure your systems are up to date with the latest updates installed, ensure you are using a modern endpoint security solution and a working backup solution to ensure you’ve got something to fall back to if the worst should happen.
What is Ransomware?
Ransomware is a type of Malware that adds encryption to a victims files and information. Any data on your computer or network can be compromised. This then stops the IT admin or users from being able to access any critical data.
You wouldn’t be able to access any files, databases or programmes on your devices. It does this by using asymmetric encryption. This is a type of cryptography that generates a pair of keys allowing you to encrypt and decrypt files. The hacker generates a unique key which is given to the victim when the ransom has been paid.
Most ransware is distributed via emails or more targeted attacks. In most cases, once your computer has been compromised. It will give you between 24/48hrs to pay the ransom allowing you to gain access to your data.
HERE TO HELP
Anyone running a successful company should have the steps above in place. To ensure your business isn’t a sitting duck for cyber criminals, by implementing reliable defense strategies and keep. So if you’re looking for assistance with your Cyber Security and based in Staffordshire. Reach out to us for a quick, no obligation chat to see how we can protect your business from cyber attacks. Call us on 01543 889 444