How to Protect Your Business from Cyber Attacks in 2022

Over the last two decades, businesses have gradually moved online. Many of the biggest retail companies operate via the internet. In addition, most businesses have an e-commerce presence. In the coming years, more and more business online enterprises are expected to spring up.

Considering that nearly 20 million sites are infested with viruses and malware, you must find ways of protecting your website.

Your e-commerce platforms being exposed to internet threats can affect your revenue. Similarly, when word gets out your platform has been attacked, customers become wary of doing business with you.

Nonetheless, better cyber security systems are coming up as more threats arise. In this article, you will learn how to protect your business from cyber-attacks in 2022.

Use Tailor-made Software

Most enterprises opt for generic applications to run their businesses. Doing this is cheap and easier. All you have to do is select, pay, and install solutions. However, these types of software solutions are used by thousands or even millions of entities. It gives hackers and individuals with malicious intentions the time to find and exploit vulnerabilities. As a result, generic software applications are susceptible to cyber-attacks. In addition, it takes a lot of time for the creators of such solutions to provide patches or updates.

On the other hand, a custom-made software solution provides your business with exactly what it needs. Also, the security of systems is challenging to infiltrate. When a cyber-attack occurs, software makers are better positioned to provide you with a fitting solution. Additionally, your service providers usually have a smaller clientele to handle. Therefore, they are better positioned to serve you.

Using Additional Network Security

Many cyber security issues are due to poor network security. Additionally, hackers leverage the fact that most login credentials are weak. Other use stolen credentials to access user profiles. If you want to prevent such cyber-attacks, you will need to introduce additional layers of security into your framework. Some of the most popular solutions you can use are discussed below.

  • 2-factor authentication
  • Multifactor authentication
  • Network encryption

2-factor Authentication

One popular solution that many businesses use is 2-factor authentication. It is a higher security scheme that is used to protect users. Also, it helps preserve the resources of online platforms. Typically, a 2-factor authentication scheme includes a password and another authentication system. You may want to include OTP (one-time-password) to the registered number or email as another layer of security.

Multifactor Authentication

This authentication method goes beyond the 2-factor authentication. It may include several more layers of security. For example, you can include a password, OTP, and a physical token to ensure the security of your customers’ accounts. Many financial institutions use multifactor authentication to protect their customers and their businesses.

Network Encryption

Another reliable method of protecting a business is network encryption. With network encryption, you can easily limit the activities of malicious individuals. Similarly, you can use a quality VPN to connect your server to the internet. In most cases, high-quality VPNs use private tunnels to ensure cybersecurity.

Automatic Recovery and Backup of Data

No matter the quality of a cyber security system, sometimes cyber-attacks occur. Many security breaches can corrupt your system and lead to data loss. When this occurs, you should have an effective method of bouncing back from the act. You should have an effective recovery system that automatically restores your system as it was before the attack. Likewise, your e-commerce platform should have an automatic backup system that periodically backups the entire system data in a remote location. These stores system should be away from the likelihood of a cyber-attack.

Use Role-based Security

Connecting your entire business to the internet is a great thing. It helps you better manage your business. Your workers are better able to interact with each other. Also, they can perform their assigned tasks effectively. However, the moment you connect your e-commerce business to the internet, you are directly and indirectly exposing it to threats from all angles. Hackers and other fraudsters can access key business information.

To mitigate this issue, your business should use role-based security. This type of security restricts access to critical information, resources, and options. Only staff with clearance can access such restricted parts of your business. As a result, having a role-based security system significantly reduces the ability of malicious individuals to penetrate your platforms.

Train and Simulate Security Threats

Having an impressive cyber security system is essential for the protection of your e-commerce platform. It gives you a sense of security, knowing your invaluable assets and resources are safe. No matter how secure your system is, if you have untrained workers, you are liable to security breaches.

In most cases, cyber security threats are caused by human error, negligence, or lack of training. Therefore, you must train and retrain your workers as often as possible. Your IT department can send out frequent communications that stress the need to follow security protocols. You can equally use microlearning techniques to keep workers up-to-date about security issues. Doing this will keep them informed and entertained.

Likewise, your business should make a habit of simulating security concerns. Conducting such an exercise will teach employees how to respond when a security breach occurs. Additionally, authentication systems must be introduced to ensure workers comply with the cyber security guidelines of your business.

Conclusion

If you own a business, you likely have an online presence. In most cases, you may have automated certain aspects of your business. As a result, knowing how to protect your business against cyber-attacks is key to the success of your business. Using custom software will help reduce security threats. Having an extra layer of security on your network helps limit hacking and malware infestation. Before an attack occurs, you should ensure you have a backup and a recovery system. Utilizing role-based security limits access to unauthorized resources. Finally, training your workers about the importance of cyber security is essential to protecting your business from cyber-attacks.

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