Unlike larger enterprises, Small Medium Micro Enterprises (SMMEs) tend to be at risk of cyber-attacks due to having limited budgets and because they believe they are too small to be targeted. In reality, cybersecurity is something that all businesses, no matter the size, should take interest in as the consequences can be devastating.
During the Fourth Industrial Revolution (4IR), IT drastically expanded to allow for the Internet of Things (IoT), cloud computing, and other online developments to become exposed to cybercrime. A leading global research and market intelligence firm, Cybersecurity Ventures, estimates that the damages throughout 2021 from cybercrime tops out at $6 trillion stemming from a variety of crimes including malware attacks, brute-force, hacking phishing, and full-fledged identity theft.
To protect your SME, follow these five tips:
- Have a Strategy. By being proactive and having a plan in place if a cyberattack were to ever occur not only allows you to have a plan of action in a time of panic, it will also enable you to recover faster.
- Prioritize Your Passwords. When creating a password or passphrase, use hard-to-guess combinations of memorable phrases that only you will remember. Never use the same password for multiple accounts or share your password with anyone.
- Stay Organized. Don’t leave any private information open on your computer or out on your desk that may put your enterprise at risk. Keep all information organized and readily available for reference.
- Trust Your Gut. If you receive an email or attachment from an unknown source, do not open or download it. This also applies to links, never click on a link that you’re unsure of.
- Be Resourceful. If you’re ever questioning an application, software, or download, seek assistance in understanding if it could be a potential threat.
Cyberattacks can happen to any business and with the development of technology, it is important to understand the risks associated with them, as well as, the options available to you in terms of cybersecurity. To learn more about how to protect your enterprise, check out VantagePointe for more information.