Procurement 30 October 2018

Startup cyber security: What simple mistakes leave you at risk?

Uncloak’s research suggests the number of cyber attacks in 2017 was up 400% from 2016.
As cyber threats intensify, small businesses must make sure that careless mistakes aren’t leaving them vulnerable.Tayo Dada, the founder of cyber security firm Uncloak, looks at how SMEs can protect themselves.

Cyber crime is on the up. A survey by analyst Ovum found that 60% of companies saw an increase in cyber attacks in the past year. Meanwhile, Uncloak’s own research suggests that the number of cyber attacks in 2017 was up an incredible 400% year on year.

The costs of cyber crime are high, both financially and in terms of the devastating reputational damage done to businesses that fall victim yet 96% of businesses in Europe feel they cannot justify the cost of a cyber security expert. The reality is that the threat affects businesses of all sizes, yet cyber security is a poorly understood area for many businesses, and most simply wait to shut the stable door after the horse has bolted.

Of course, cyber security is a complex and ever-changing landscape, but there are simple things we could all do to reduce risks. Take a look at these common mistakes, and you might spot some straightforward things you can do to reduce your chance of being hit by a hacker because prevention is always better than a cure:

don’t think that it won’t happen to you

Despite the growing threat, many SMEs still believe they won’t be affected, or that they’re too small to be a target. But whatever your size or industry, your business has data that is valuable. And an attack can be fatal to a small, unprepared business.

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don’t be blas? with the basics

it’s an admin thing: The basics include implementing solid password policies, making sure ex-employees don’t continue to have access to your systems when they leave, properly disposing of old computers, not protectinggeneric accounts and securing wireless access points.

don’t ignore your systems and software updates

These alerts always seem to pop up just when you’re on a deadline, and the temptation is to ignore them repeatedly. But doing so can leave you more vulnerable to an attack. Trusted software updates, whether to your operating system, website or anti-virus software, often include vital security upgrades that will defend against new and evolving cyber threats. Outdated products just can’t protect against the latest risks.

Consider calling a professional

Investing in the latest anti-virus software is a good plan, but it’s not enough to fully protect your company and data. The complexity of cyber threats calls for expert knowledge. Having trusted security professionals who know how to mitigate problems as they arise, and can monitor your systems around-the-clock, is the key to thorough cyber security. If your business is small, having a cyber expert on a retainer could be a good way to ensure you’re keeping on the right side of any new threats to security.

don’t forget to engage your staff


 

Business development