Cybersecurity for Your Startup: How Important it is and 4 Steps to Ensure it
Technology advances at a very rapid pace. In fact, it evolves faster than any other industry in the world. Each advancement also improves our lives. When it comes to businesses, each of the technological advancements increases efficacy and efficiency of our businesses. If you look at the way we do business today and compare it with not long time but only a few years ago, you will that a lot has changed, all thanks to technology.
However, while technology helps businesses in improving their business processes, it increases their susceptibility to several unforeseen threats too. These threats are collectively known as cyber threats, and the art of shielding your business against them is known as cybersecurity. It’s a crucial thing for any business, but for businesses just starting up it’s even more important if they want to ensure that outsiders do not gain access to their proprietary data, which is essential for their survival. According to IBM’s research, the cost a startup faces in case of a data breach runs into numbers as high as $3.92 million - simply too much for any new company.
Therefore, implementation of startup security strategies in the workplace is of critical importance for any business. Businesses must learn how to protect their confidential information and to put strong cybersecurity systems in place. How can they do that? That is precisely what we’re going to explore in this article. Let us get started:
Cybersecurity Tips for Startup Security
It doesn’t take a lot of effort to protect a startup from the nightmare of being hacked without a clue. If you follow the right advice, it can be done easily. Just read the following tips that will help you improve the cybersecurity of your business:
1. Install Antivirus On All Devices
One of the most basic-yet-essential components of having an effective cybersecurity plan is the installation of antivirus across the systems and servers of your company. Though it is unlikely that a hacker would be interested in infiltrating a business phone of an employee, malicious software like malware can spread quickly through that phone to other devices in your organization and slow down the performance of your machines. Antivirus programs prevent it from happening. They also protect the user from links to websites which can automatically expose the operating system of device to malware. Fortunately, antivirus programs have also become quite cheaper nowadays and don’t cost much to obtain. By having antivirus software in all electronic devices in your startup you can significantly decrease the chances of hackers finding soft spots in the systems of your company.
2. ISP and Password Management
When we speak of ISP here, we’re not talking about your Internet Service Provider. Instead, we’re talking about Information Security Program. Basically it’s nothing but a set of procedures and practices you adopt in your startup to ensure the safety of business data. It helps establish security that protects the interactions with customers. You can devise such a program with help of any cybersecurity professional, and you must do it because it helps establish startup security standards that protect your interactions with customers.
In addition to that, the significance of passwords needs to be emphasized. Strong passwords ward off attempts of infiltration into any of your systems. Having a multi-factor (two-factor) authentication process for entry into sensitive email accounts and bank accounts, in addition to having an ISP and strong passwords, guarantees a solid digital defense against malicious attacks.
3. Installation of SSL Certificate.
An SSL certificate is for protecting the identity of your business and the data being exchanged by it. It helps startups encrypt information being exchanged between their server and the browser of a user so no one can steal it by capturing the data packets in transit. It also gives a unique identity to your business in the form of green padlock that appears before the URL of your site in address bar of the browser - no one can spoof it even if they manage to get a domain name identical to yours and create a website that looks like the clone of your site. They can’t spoof it because an SSL certificate is unique and only one certificate is issued in the name of any business. So, you should get cheap wildcard SSL certificates installed on every server across your organization.
4. Provide Workplace Education
A business is more vulnerable to human errors than it is to system errors. There are a number of ways hackers can attack your organization by exploiting the gullibility of your employees of users. Social engineering and phishing are two examples of such attacks. Social engineering can be done on your employees by impersonating someone of authority to reveal sensitive information related to your business. Phishing, on the other hand, is done by creating a clone of your business website and making people to use it an sign-in on it by sending the link to it through emails or any other mediums.
Now, cheap wildcard SSL certificates can protect you from phishing. However, to protect your startup from social engineering you must educate your employees. Education in the workplace must be provided in order to prepare employees and business owners in the event they come across an act of social engineering.
You should educated your employees to know which sources are unauthorized sources and identities, and which defense models can aid them when they engage with social engineers. It shall help your employees be more vigilant in case they find some sort of abnormal activity going on within the communication lines. It adds arguably the best layer of protection to your data systems & software.
Ensuring startup security during initial days is crucial. If anything goes wrong at that stage, the survival of your business may become difficult. SSL Certificates, along with other security protocols mentioned above, can help you ensure the soundness of your startup’s cybersecurity. If you know any other necessary steps related to it that must be taken by every startup, please share them in the comments.