The Importance of Cyber Security for Your Business

Posted by alvina on December 29th, 2018

It has been estimated that around 98% of the businesses in the United Kingdom operate on the internet in one way or another, today. This applies even to small-scale businesses such as local departmental stores. Apart from that, bigger firms that have a business spanning throughout the globe definitely make a big use of the internet to carry out their business operations.

According to the statistics that have been presented by the Government in the United Kingdom, about 4 in 10 businesses, firms, and charities that operate on the internet have experienced an attack or a cyber breach. This occurs every single year. Cyber-attacks of this kind usually include hacking, theft, data, financial information theft, and computer viruses. Most of the breaches were identified in the businesses that held personal data of people, or those that held a significant amount of information that could be of great value.

However, cyber-attacks are not only commonly experienced by bigger firms. Smaller businesses are at an equal risk of experiencing such problems. According to cyber security research and statistics, it has been estimated that about 47% of the smaller firms have also experienced a cyber-attack at least once in the last year. A cyber-attack could simply be a minor one that may cause a disruption in a single system. Similarly, it could be a much bigger one which may bring a halt to your day to day operations.

Since a cyber Attack can easily prove to be detrimental for your business, as it can hinder the day to day operations of a business, it is important for businesses to take cyber security protection a little more seriously. This applies to both the small scale and large scale businesses.

Cyber security in business especially plays a great role when it comes to the protection of the sensitive data that may be of great value to a company.

In order to encourage cyber security in your business, there are a number of things that you can do. First of all, you can train your employees with respect to the common security principle such as the safe internet practices on work, usage of strong passwords, and penalties for the violation of cyber security policies. Apart from that, take precautions such as the use of firewalls on the internet, and to make use of anti-viruses on all systems that are under use.

It also helps to make a number of backup copies of the important business files and information. This is because often at times, cyber-attacks are simply designed to wipe the data off from the systems of a company. This could result in big losses for a company, as that can simply shake the entire structure off. One possible solution to this would be the use of cloud backup services in order to restore the data in such extreme, cases. Moreover, making user accounts of every employee with the limited amount of authorized access to the system could also be a good safety precaution. This is primarily because, usually the weaknesses in a system get reported by the insiders of a firm, hence making the job of the hacker easier.