News about hackers, malware, and data breaches can get overwhelming pretty quickly, which can produce many exaggerations, half-truths, and fallacies. Believing in erroneous information can expose your organisation to many modern-day risks such as distributed denial-of-service (DDoS) attacks, phishing scams, and malware, among many other cyberthreats.
Let’s take a look at some of the top myths that may harm your business:
Myth #1: Small- to medium-sized businesses (SMBs) aren’t attractive cyberattack targets like larger enterprises
Many SMBs have a notion that hackers are only after large companies. After all, they do not have much sensitive data that’s worth stealing in the first place, right? Unfortunately, according to the Verizon 2019 Data Breach Investigations Report, 43% of cyberattack victims are small businesses.
Cybercriminals like to attack SMBs due to their complacent mindset towards cybersecurity. And more often than not, SMBs allocate very little money and attention to network security, which further exposes them to cyberthreats. Their employees might also have poor security habits such as using weak passwords. Hackers also know that SMBs are doorways to larger companies, so they’re taking advantage of the latter’s poor security to steal confidential files.
Remember, businesses of all sizes are at risk, so even SMBs need to do their part in staying safe online.
Myth #2: Strong passwords are enough to keep data safe
Securing sensitive information with strong passwords is a good idea, but many people are still using weak passwords such as "12345678", "fo0tball", and "qwerty". Such weak passwords make it easy for cybercriminals to conduct brute force attacks where they use trial and error to guess a user's password.
To prevent account takeover, implement multifactor authentication (MFA). This technology uses more than one authentication method to verify a user’s identity. For example, after a user enters their password, they will be required to scan their face or fingerprint, or enter a one-time code sent to their smartphone. This way, even if a hacker gets a hold of the user’s login credentials, they still would not be able to log in without fulfilling the other authentication requirements.
Myth #3: Using security solutions are enough protection against threats
Security software such as antiviruses, firewalls, and intrusion prevention systems (IPS) are helpful in thwarting cyberthreats, but they aren’t designed to be a panacea for all security issues. For instance, antivirus software cannot detect zero-day exploits and ransomware. Keep in mind that security solutions constitute just one aspect of cybersecurity. Your employees also need to be trained so they can do their part in securing your company data and IT systems. After all, people are the weakest link in your defenses.
Businesses can also partner with managed IT services providers (MSPs) such as Office Tek. MSPs can monitor your IT infrastructure 24/7/365 and proactively stop threats before they can affect your operations.
Myth #4: Cyberthreats are mostly external
Whenever cybercrime is discussed, people usually talk about hackers who are looking to steal precious company information. But have you ever considered that those in your company might become threats to your data’s safety as well?
But why would they become the cause of security breaches in the first place? It might be due to carelessness or lack of proper training. Some of them might be using their own devices for work, unwittingly exposing your confidential data to hackers. Disgruntled current and past employees might also have a desire for personal gain or professional revenge. In fact, the number of insider-related breaches rises every year. Verizon's report states that 34% of all breaches in 2018 were caused by insiders.
To combat this issue, you can turn to access management solutions like Azure Information Protection (AIP) and Microsoft Intune. The former classifies data based on sensitivity and makes it possible to add visibility and control permissions to your data. Meanwhile, the latter regulates mobile devices being used to access corporate data and applications.
Myth #5: Cybersecurity is the problem of the IT department alone
A business’s IT department isn’t just there to answer tech inquiries and fix problems that come up. They are also responsible for maintaining the entire IT infrastructure, evaluating new technologies, and providing IT training. That’s a lot to handle, so they need the help of all employees in securing company information.
Teach employees basic cybersecurity practices such as:
- Spotting suspicious phishing emails
- Avoiding unsafe websites
- Refraining from downloading or opening potentially malware-infected files
- Backing up data regularly
Cyberattacks will continue to evolve, so you need to be constantly updated on how to properly deal with them. This will ensure that your data will always be protected, and security breaches will not happen anytime soon.
Maintaining the security of your business isn’t easy. Don’t worry, Office Tek is here to make it easier and more bearable for you. Our FREE security assessment will thoroughly review your current technology and recommend the best actions to take. Call us today to learn more!