Why You Need Cybersecurity

March 19, 2021

Cybersecurity is no longer optional for any business.

Read on to find out what you can do to increase cybersecurity for your business.

Cybersecurity is a hot topic for businesses in the modern age. Everyone is talking about it, and yet, many businesses lack sufficient protection. It’s often overlooked because they feel their business is not a target and they’re safe. Until a major incident takes place, it isn’t a priority. Did you know that 21% of the overall Canadian business population reported cybersecurity incidents in 2019? Or that Canadian small businesses suffering a breach were down for an average of 59 hours at a cost of 1.1 million in 2018 (GamTech)? Hackers target the vulnerable, they rarely discriminate. Read on to find out more.

What is cybersecurity?

Cybersecurity is defined by Oxford Languages as “the state of being protected against the criminal or unauthorized use of electronic data, or the measures taken to achieve this.” Cybersecurity offers protection against common threats like phishing, malware, ransomware, downtime, impersonation, intentional data destruction, and information theft.

Cybercrime as an industry is projected to exceed $6 trillion in 2021 (Cybercrime Magazine). With figures like this, it’s no surprise that many organizations continue to invest in appropriate protection. There is no one-time solution and businesses must be prepared to make it an on-going priority to follow emerging best-practices, if they intend to protect their computers, networks, data, and staff.

Why do you need cybersecurity?

Cyberattacks affect everyone – in every country, everywhere. Even governments are not exempt. The size of your business doesn’t matter. The expedient development of technology means that cybercrime will only increase from here on out. As systems advance and more devices are connected, you must protect yourself.

It is vital to invest in cybersecurity. Without it, you are likely exposed and it may cost your company millions.

Cybersecurity statistics:

  • Cyberattacks occur every 14 seconds (Varonis).
  • There is one ransomware victim every 10 seconds (Infosecurity magazine).
  • Cybercrime will cost the world $10.5 Trillion annually by 2025 (Forbes).
  • Data breaches cost, on average, $3.86 million USD (Varonis).

 

How can I ensure that my organization is secure?

While the best way to protect yourself is to work with an experienced IT company, here are several best-practices that can help improve cybersecurity in your organization:

  • Keep all computers, servers, infrastructure, and programs up-to-date
    • Keeping your systems up-to-date will provide protection against the latest security threats. Vendors like Microsoft, Apple, HPE, etc. patch security vulnerabilities.
    • Replace hardware and software before it reaches EOL (End-Of-Life). Otherwise, you risk being vulnerable because the vendor no longer releases updates.
    • Don’t forget to update your infrastructure. Servers, firewalls, switches, wireless access-points, surveillance cameras, etc. All systems should be updated regularly.
  • Use Multi-Factor Authentication (MFA)
    • MFA is a simple secondary code that changes every 30 seconds and must to be entered with your regular username and password. Using an app on your phone, you simply enter the code during login. As quoted by Microsoft “One simple action you can take to prevent 99.9 percent of attacks on your accounts” (here). Most major vendors now offer MFA to protect accounts.
  • Train your employees on cybersecurity
    • Employees are generally the number one risk to the business. Hosting regular training sessions and implementing a technology use policy will help keep your systems safe. Make sure they are trained during onboarding and at least once per year about phishing, dangerous attachments, risky URLs, impersonation attacks, and privacy requirements for your industry.
  • Get a Next-Gen firewall
    • A basic firewall is no longer adequate. Invest in a Next-Gen firewall that includes features like Intrusion Prevention, Application Control, Web-Filtering, and Advanced Threat Protection. You need a properly trained technician to set it up, otherwise it may not be effective.
  • Limit employee access to data and information
    • Make sure employees only have access to what they need. This way, even if an employee is breached, a cybercriminal doesn’t have access to everything.
  • Lockdown computers and limit the ability to install software or make changes
    • If IT departments perform installations, the likelihood of viruses or malware being installed is significantly decreased.

Cybersecurity is an issue that is becoming more and more relevant today. Despite major breaches hitting the news daily, many businesses lack proper protection. Cybersecurity is crucial to any business in the modern age- and the need will only increase. No network will ever be 100% secure, but every business should implement the fundamentals to eliminate unnecessary risk.

At SIRKit, we make IT easy and follow NIST and CIS Security Frameworks to protect our clients. We identify risks with proactive compliance checks and rectify issues in advance. We monitor systems 24/7 and apply updates very regularly. As a managed service provider, we take security seriously, stay current with advancing tech, and manage risks for our clients.  IT services should protect you. You can count on us to go the extra mile and deliver a uniquely refreshing experience. We want to be the last IT partner you ever have. Reach out to us today for a no-obligation quote.