Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home Focus How to Reduce Business Risk

How to Reduce Business Risk

16 November 2017, 15:38 CET

With cyber attacks happening all over the world, it seems the risks to both new and established businesses have never been greater. While it’s true that our online connectivity leaves us all vulnerable to identity theft and fraud, the rise of cybercrime has paved the way for more intelligent security systems than ever before.

To keep your business secure, you first need to understand the risks associated with your online activity as well as how to minimise them. So, to help you keep up with the growing need for tighter security measures, here are three ways to reduce business risk.

Install Anti-Virus Software

A cyber attack could be devastating to your business. Not only do you risk exposing sensitive company data, but there could also be severe financial repercussions of a breach that will impact your profits. To reduce the risk of a cyber attack, you need to protect your company network from malware viruses. You should always practice common sense online, such as not opening suspicious emails or attachments from unknown recipients, but the only way to prevent malware is by ensuring that all computers possess an up-to-date anti-malware software.

Your anti-virus software should include anti-spyware programs, anti-virus software and basic firewalls to prevent hackers from infiltrating your network. You will also need to add safeguards to company mobile devices, tablets and laptops, and make sure you use a VPN (virtual private network) when logging on to the company system over public Wi-Fi.

Use Multiple Online Security Measures

As well as using and regularly updating your anti-virus software, you should think about implementing a multi-layered security model, also known as defence in depth approach. Having multiple measures in place will make it more difficult for hackers to obtain sensitive data, even if they do manage to breach your defences. Encrypting documents, emails and in-house communication will make your system more resistant to cyber attacks, as hackers will have to work harder to access your information. You should also consider using two-step authentication rather than just relying on passwords to further safeguard your data.

If you're not sure where to start when it comes to protecting your company's online identity, you might want to consult a third-party security expert to advise you on the best solution for your organisation. Sadly, cyber attacks are so common that there are numerous software programs and firewalls available, including cloud security broker software that will keep your data safe across all of your company's cloud applications. If you're in need of a CASB (Cloud Access Security Broker), then head to skyhighnetworks.com for more information.

Protect Your Physical Premises

If your business has a bricks-and-mortar presence as well as an online one, you will need to take steps to protect it using physical security measures. Security cameras are essential to any workplace, especially considering most insurance companies won't provide cover against theft or damage without them. You should also install safety glass and make sure your alarm systems are up to date, as both of these measures will deter thieves. Lastly, it's important to conduct regular inspections of both your building and your online network to check for any vulnerabilities or gaps in your security.

Document Actions
Weekly Diary

The Week Ahead no. 623
Waste framework directive - microplastic pollution - agriculture situation and Ukraine - Multilateral Investment Court

→ EUbusiness Week archive

Subscription options