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The global damage of cybercrime has risen to an average of $11 million USD per minute, which is a cost of $190,000 each second.

60% of small and mid-sized companies that have a data breach end up closing their doors within six months because they can’t afford the costs. The costs of falling victim to a cyberattack can include loss of business, downtime/productivity losses, reparation costs for customers that have had data stolen, and more.

You may think that this means investing more in cybersecurity, and it is true that you need to have appropriate IT security safeguards in place (anti-malware, firewall, etc.). However, many of the most damaging breaches are due to common cybersecurity mistakes that companies and their employees make.

The 2021 Sophos Threat Report, which looked at thousands of global data breaches, found that what it termed “everyday threats” were some of the most dangerous. The report stated, “A lack of attention to one or more aspects of basic security hygiene has been found to be at the root cause of many of the most damaging attacks we’ve investigated.”

Is your company making a dangerous cybersecurity mistake that is leaving you at high risk for a data breach, cloud account takeover, or ransomware infection?

Here are several of the most common missteps when it comes to basic IT security best practices.

Not Implementing Muti-Factor Authentication (MFA)

Credential theft has become the top cause of data breaches around the world, according to IBM Security. With most company processes and data now being cloud-based, login credentials hold the key to multiple types of attacks on company networks.

Not protecting your user logins with multi-factor authentication is a common mistake and one that leaves companies at a much higher risk of falling victim to a breach.

MFA reduces fraudulent sign-in attempts by a staggering 99.9%.

Ignoring the Use of Shadow IT

Shadow IT is the use of cloud applications by employees for business data that haven’t been approved and may not even be known about by a company.

Shadow IT use leaves companies at risk for several reasons:

• Data may be used in a non-secure application
• Data isn’t included in company backup strategies
• If the employee leaves, the data could be lost
• The app being used might not meet company compliance requirements

Employees often begin using apps on their own because they’re trying to fill a gap in their workflow and are unaware of the risks involved with using an app that hasn’t been vetted by their company’s IT team.

It’s important to have cloud use policies in place that spell out for employees the applications that can and cannot be used for work.

Thinking You’re Fine With Only an Antivirus Application

No matter how small your business is, a simple antivirus application is not enough to keep you protected. In fact, many of today’s threats don’t use a malicious file at all.

Phishing emails will contain commands sent to legitimate PC systems that aren’t flagged as a virus or malware. Phishing also overwhelmingly uses links these days rather than file attachments to send users to malicious sites. Those links won’t get caught by simple antivirus solutions.

You need to have a multi-layered strategy in place that includes things like:

• Next-gen anti-malware (uses AI and machine learning)
• Next-gen firewall
• Email filtering
• DNS filtering
• Automated application and cloud security policies
• Cloud access monitoring

Not Having Device Management In Place

A majority of companies around the world have had employees working remotely from home since the pandemic, and they’re planning to keep it that way. However, device management for those remote employee devices as well as smartphones used for business hasn’t always been put in place.

If you’re not managing security or data access for all the endpoints (company and employee-owned) in your business, you’re at a higher risk of a data breach.

If you don’t have one already, it’s time to put a device management application in place, like Intune in Microsoft 365.

Not Providing Adequate Training to Employees

An astonishing 95% of cybersecurity breaches are caused by human error. Too many companies don’t take the time to continually train their employees, and thus users haven’t developed the skills needed for a culture of good cybersecurity.

Employee IT security awareness training should be done throughout the year, not just annually or during an onboarding process. The more you keep IT security front and center, the better equipped your team will be to identify phishing attacks and follow proper data handling procedures.

Some ways to infuse cybersecurity training into your company culture include:

• Short training videos
• IT security posters
• Webinars
• Team training sessions
• Cybersecurity tips in company newsletters

When Did You Last Have a Cybersecurity Checkup?

Don’t stay in the dark about your IT security vulnerabilities. Schedule a cybersecurity audit to uncover vulnerabilities so they can be fortified to reduce your risk.

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Featured Image Credit

This Article has been Republished with Permission from The Technology Press.

Printing devices are often overlooked when it comes to security. But the reality is, cybercriminals can hack your printer to get confidential information.

Your printer is probably the last piece of computer equipment you thought needed protection from cybercriminals. 

But the truth is very different. 

Attackers actively try to locate the weakest links in security to gain access to and exploit valuable data. And among the weakest links is the printer.

The thing with printers nowadays is that they have access to your devices, network, and the internet. This new open-access functionality makes them an ideal target for cyberattacks. 

Unfortunately, many business owners overlook the importance of securing their printers and mainly focus on computers and mobile phones. 

Most people still perceive printers as internal devices that serve basic functions. For this very reason, they are an easy target for cybercriminals.

Other than performing unauthorized print jobs, hackers can access confidential information as well as all connected computers and networks all through a printer. 

You may also not be aware of the amount of valuable data your printer can store about you – tax files, bank details, financial records, employee information, personal information, etc. All a hacker needs to do is get into the operating system of your printer, and they can collect this sensitive data. 

If you’ve just realized the importance of securing your printer, keep reading. This article shares eight tips to help you do just that.

The 8 Tips

Tip #1. Make Sure Your Printers Are Configured Correctly

Many things can make a printer vulnerable to cyber threats and security breaches. So, you want to get the basics right to ensure the attacks don’t happen to you. 

To start with, make sure to change the default password on your printer. Since anyone can access a printer remotely, a simple “123456” code won’t suffice. 

Second, make sure you’re using your own router to print files remotely. Never connect to “Guest” networks.

Tip #2. Inspect Print Trays Regularly

This one is a no-brainer, but everyone could use it as a reminder. Make sure to check your print trays and get rid of unused pages carrying sensitive information. There’s no easier way to prevent data leaks than this. 

Alternatively, you can get a shredder for your office and shred the papers you don’t want anyone to see.

Tip #3. Install Malware and Firmware Updates

Invest time and effort to ensure that your malware and firmware protection are up to date and can handle all types of hacks. 

The good news is that many printers come with pre-built malware protection. 

HP, for example, installs the HP “SureStart” software in their printers that monitors approaching targets when the printer is on. The software can shut down the device if an attack comes its way. This is a great way to prevent attacks from spreading further within the network. 

Tip #4. Limit Access to the Network

Unprotected printers in a network are an extremely easy target for cybercriminals. Sure, businesses and offices require printers to access networks to perform remote prints. But if you can do the job by disabling the network access, make sure you do that. 

If not, tweak the printer and network settings to only allow the device to take print jobs from the network you trust. This will help avoid outside interference and security breaches. 

Tip #5. Update Your Printers

Updating a printer is equally as important as updating your phone to the latest software. Much in the way iOS developers look for bugs and fix them in a new update, printer manufacturers work toward known device vulnerabilities and update the software for added protection. 

Look for printer updates so you can easily overcome known threats to the printer. Ideally, update your printers every quarter to get the most out of the security benefits. 

Tip #6. Install a Firewall

If you run an office, chances are you already have a firewall. But in case you missed this requirement, now’s the time to do it. 

Using a reliable firewall helps keep printers safe from cybercriminals. 

Your computers most likely come with pre-built firewalls, and all you need to do is keep them enabled. But there are also specialized firewalls for homes and offices that offer advanced security and make it virtually impossible for anyone to break in. 

Tip #7. Encrypt Your Storage

Printers with shared networks can perform distance printing. And when a print job is in transit and travels from a computer to a printer, hackers can intercept the data and exploit it. 

To keep this from happening, encrypt your print jobs. Also, make sure the sensitive data on your printer’s hard or internal drive is encrypted as well.

Keep in mind that when you print a document, that file is often stored as an image within the printer and makes it an easy target for hackers. It’s why you should use an encryption tool to protect your data. Luckily, many modern printers have this tool pre-built. 

You can use the tool to set up a secure password that allows printer storage encryption, remove user IDs and ex-employee access, delete documents from the print queue once they’re printed, and much more.

Tip #8. Educate Your Employees

If you work in an office, chances are you aren’t the only person using the printer. Everyone that has access to it needs to be aware of the responsibilities that come with its usage. Make sure to talk to your employees about ways to ensure both the physical and virtual safety of the printers. 

Your staff should also be careful when using their mobile devices to print, as smartphones are easier to hack. Explain to them what phishing scams are and how they can avoid being the victim. 

Finally, make sure it’s clear to them how they can use confidential information in your company.

It’s Time to Ensure Printer Security

Printers are the most overlooked devices when it comes to security. Given how most business owners consider them as merely internal devices whose sole function is to print documents, it’s no wonder they are a weak spot security-wise. 

Whether you use printers in your office or at home, take a moment to see how you can enhance its security before your next printing job.

As cybercriminals are a growing concern, each of us is responsible for protecting our data. Luckily, the tips from this article will help you bring your printer’s security to another level. 

If you need more insight into protecting the security of your printers, get in touch with us today. We can set up a 10-15-minute chat to discuss how you can implement these changes and keep cybercriminals away. 

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Featured Image Credit

This Article has been Republished with Permission from The Technology Press.

Your data is pivotal to running a successful company. If you don’t have proper security measures in place, hackers can easily steal your data and take you out of business.

Cybercriminals might be the biggest threat facing your company. Besides gaining access to your money and accounts, they can also take over critical software, preventing you from collaborating with clients. 

Any organization can fall victim to hacking. However, small and medium businesses are particularly at risk. 

Why?

Too often, their owners don’t always address cybersecurity when launching their company. Sometimes, they even just hire the first IT service provider they see. They also don’t know how to shield themselves from online attackers, making them low-risk targets. 

As a result, these organizations often go under due to the loss of sensitive data. It isn’t a risk you can take. 

To help mitigate it, this article will introduce you to the various types of hackers and explain how to protect your business from them.

The 5 Types of Hackers to Watch Out For

Here’s a quick list of potential hackers, depending on what they’re after: 

#1. Hackers Who Are After Personal Information

Many hackers are dying to get their hands on the personal information of your clients and employees. It includes birth dates, financial data, and social security numbers. 

Social security numbers might be the most valuable asset they want to get ahold of since cybercriminals can use them for various purposes. For instance, they can perform tax fraud, open credit accounts, and make other significant identity breaches. 

In addition, financial data can be utilized for fraudulent activities and purchases, especially if it lacks robust digital security systems. 

#2. Hackers Who Want to Get Into the Digital Infrastructure

Storage and data servers are expensive – and hackers know that.

In order for them to cut costs, hackers may aim to store their applications and data on your infrastructure instead. The better your infrastructure, the more likely cybercriminals are to target it. This can strain your network to the limits and have devastating effects on your business. 

Unsurprisingly, tech companies are some of the most common victims of this type of hacking. 

The common indicators that a hacker has tapped into your digital infrastructure include:

• Running out of storage faster than usual
• Your network suffers slowdowns 
• You may have unknown devices on your network. 

#3. Hackers Who Are After Confidential Information 

Few business aspects are as important as your intellectual property (IP). Your products and services enable you to stand out from the competition and strike a chord with the target audience. 

A huge problem arises if hackers steal the design of your upcoming product before you launch it or submit your patent. A competitor may obtain the information, allowing them to hit the market first and undercut your sales.

#4. Hackers Who Want to Get Account Data

Sure, you and your IT service provider might have done enough so that hackers might not be able to obtain financial data. But are your employees’ accounts secure? 

If hackers compromise them, they may let them run scams and gain information to disrupt your operations. 

For example, losing CEO login credentials can be devastating. Besides granting hackers access to sensitive information, it also helps them impersonate the CEO. In return, they can solicit information from employees or clients and halt your operations. 

This data breach can lead to widespread confusion, tarnishing your reputation. 

#5. Hackers Who Aim to Have Network Control

In some cases, hackers aren’t after data. Instead, they want to gain control of the entire network. And to make it happen, they launch ransomware attacks. 

These activities enable them to lock you out of the system and make data inaccessible until you pay a ransom. They’re typically initiated through spam, phishing emails, and online ads. 

The average ransom amount stands at approximately $30,000, but the loss caused by business disruption is much more significant. 

How to Protect Your Business

Now that you know how hackers can compromise your company, let’s check out 5 effective ways to protect yourself:

Way #1. Investing in Security Resources

A key factor ignored by many owners is the amount of money and time devoted to cybersecurity. Avoid this mistake by allocating enough resources to set up solid defensive measures. Make sure to invest in a reliable IT service provider to help you out.

This way, your online accounts, hardware, and network should be more secure. 

Way #2. Training Your Team

Most security systems have weaknesses. And their employees are usually the biggest ones. 

For this reason, HR managers and CEOs should ensure their staff follows optimal security measures, both in-office and at home. They must all remember that any phone or laptop they use for work can be a weak point and entryway for hackers. 

To introduce your employees to the best security practices, consider arranging security education and training for a month once a year. You can talk about different aspects of your company and the steps necessary to deter cyber criminals, for example. 

Sound education can go a long way in promoting a healthy security culture. 

Way #3. Adding Authentication

There are many valuable tools you can use to fend off hackers. One of them is two-factor authentication (2FA) – a simple yet effective weapon against scammers. 

This measure requires each user to verify their identity to access your system. You could use it on all business-related accounts to reduce the chances of cybercrime. 

Furthermore, encourage your team members to activate 2FA on personal accounts. This way, they’ll be more likely to follow appropriate security practices, reducing the risk of compromised devices and data breaches. 

Way #4. Leveraging Software

Computer viruses are another go-to tool for hackers. And a great way to deal with them is to incorporate antivirus software. 

Make sure your built-in antivirus software is up to date. Also, you can consider a corporate package from trusted companies like BitDefender, Norton, McAfee, and Total AV. 

Each machine that can access work resources should rely on this software. Plus, the user should conduct weekly antivirus scans to lessen the chances of computers getting infected by a virus.

Way #5. Performing Security Checks

Checking your system is vital for optimal cybersecurity. Solid antivirus software is practical, but you shouldn’t disregard manual scans. It’s crucial that your IT service provider does this periodically.

More specifically, check who’s accessed your network and make sure each point of access is authorized. Any suspicious activity must be reviewed and rooted out. Otherwise, these red flags can prove fatal for the company. 

Stay on the Safe Side

Battling hackers may not be the most exciting part of running a business. However, neglecting cybersecurity turns your company into a sitting duck for scammers. You may lose money, data, and your reputation might suffer irreparable damage. 

While there isn’t a bulletproof solution, adopting the outlined tactics should be a strong starting point. 

Contact us today if you want to discuss your cybersecurity in greater detail and pinpoint potential risks. We can arrange a quick, non-salesy chat and figure out ways to help you.

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Featured Image Credit

This Article has been Republished with Permission from The Technology Press.