Tips to Improve Your SMEs Cybersecurity

Small and medium-sized enterprises (SMEs) are increasingly at risk of cyber attacks as hackers target these organizations in an attempt to steal or hold for ransom sensitive data or disrupt business operations. As a result, it is important for SMEs to take steps to improve their cybersecurity. Whether SMEs hire external cybersecurity consultants or attempt all of the work in-house it is imperative to address this.

Here are the top steps SMEs can take to improve cybersecurity:

1. Create a cybersecurity policy and plan: Developing a comprehensive cybersecurity policy and plan is essential for protecting your business from cyber threats. This plan should outline the steps your organization will take to prevent, detect, and respond to cyber-attacks. It should also include guidelines for employees to follow in order to protect sensitive data and prevent accidental data breaches. 

2. Train employees: Employee education and training are crucial for improving cybersecurity. Your employees should be aware of the risks and threats associated with cyber attacks, and they should know how to recognize and report suspicious activity. 

Cybersecurity training should help employees understand the types of threats they might encounter, such as phishing scams, malware, and ransomware. It should also teach them how to recognize and avoid these threats.

Employees should be trained on the importance of protecting sensitive data, such as customer information and financial records. This might include understanding the proper handling and storage of this data, as well as the risks associated with sharing it with unauthorized parties. Further training may include training on how to recognize and report cyber attacks, as well as the appropriate steps to take in the event of an attack. This might include understanding the importance of maintaining the confidentiality and following established incident response procedures.

3. Use strong passwords: One of the simplest ways to improve cybersecurity is to use strong passwords. Passwords should be at least eight characters long and should include a mix of letters, numbers, and special characters. Avoid using the same password for multiple accounts, and consider using a password manager to securely store your passwords. 

4. Enable two-factor authentication: Two-factor authentication (2FA) adds an extra layer of security to your accounts by requiring a second form of authentication, such as a code sent to your phone, in addition to your password. Enabling 2FA can help prevent unauthorized access to your accounts and protect sensitive data. 

5. Keep software and systems up-to-date: Outdated software and systems are vulnerable to cyber attacks, as they may have known vulnerabilities that have not been patched. It is important to keep all of your software and systems up-to-date with the latest patches and updates in order to protect your business from these threats. 

6. Use a firewall: A firewall is a system that monitors and controls the incoming and outgoing network traffic based on predetermined security rules. Implementing a firewall can help prevent unauthorized access to your network and protect against cyber attacks.

Firewalls can help prevent unauthorized access to a network by blocking incoming traffic from unknown sources. They can also help to prevent the spread of malware and other malicious software by blocking outgoing traffic to known malware-hosting sites. In addition, firewalls can be configured to allow only certain types of traffic, such as email or web traffic, to pass through, helping to further secure the network.

Modern firewalls can be implemented in hardware, software, or a combination of both. Hardware firewalls are typically installed as a separate device, such as a router, and can be used to protect a single device or an entire network. Software firewalls are installed directly on a device, such as a computer, and can be used to protect that specific device. 

7. Implement network segregation: Network segregation involves dividing your network into smaller,  separate networks in order to limit the spread of a cyber attack. For example, you might create separate networks for guest access and internal company use. This can help to limit the damage caused by a cyber attack and prevent unauthorized access to sensitive data. 

8. Use encryption: Encrypting data can help protect it from being accessed by unauthorized parties. Encryption involves converting data into a code that can only be accessed by those with the proper decryption key. Consider encrypting sensitive data, such as customer information and financial records, in order to protect it from cyber-attacks.

9. Conduct regular security assessments: Regular security assessments can help identify vulnerabilities in your systems and help you take steps to fix them before they can be exploited by cybercriminals. These assessments should include both internal and external testing, as well as ongoing monitoring to ensure that your systems remain secure. SMEs should assess both their risks from a bird’s eye view with Risk Assessments and also in detail with Vulnerability Assessments of their assets and networks. 

10. Use a secure, cloud-based backup solution: Storing data in the cloud in addition to local backups can help protect your data from physical threats, such as fire or flood, as well as cyber-attacks. There are several different types of backup regimes that can be used to secure data, including:

11. Full backups: Full backups involve copying all of the data on a device or system to a separate location. These backups are typically performed on a regular basis, such as weekly or monthly, and can be used to restore the entire system in the event of a disaster.

12. Incremental backups: Incremental backups involve only copying data that has been added or changed since the last backup. These backups are typically faster and use less storage space than full backups, but they may require additional steps in order to restore the entire system. Differential backups: Differential backups involve copying all of the data that has been added or changed since the last full backup. These backups are typically faster and use less storage space than full backups, but they may require more time and resources to restore the entire system. Cloud-based backups: Cloud-based backups involve storing data in the cloud, rather than on physical devices. This can provide an additional layer of protection against data loss due to hardware failure or natural disasters, as the data is stored off-site and can be accessed from any location with an internet connection.

By implementing a backup regime, organizations can ensure that their data is protected and can be easily restored in the event of a disaster. It is important to regularly test and verify backups to ensure that they are functioning properly and can be used to restore data in the event of a disaster.

By following these steps, SMEs can take proactive measures to improve their cybersecurity and protect their businesses from cyber-attacks. It is important to regularly review and update your cybersecurity policies and practices and stay up to date on cybersecurity news in order to stay ahead of emerging threats.