Hackers have been increasingly targeting start-ups in recent years. Start-ups have access to a hoard of information that hackers want to exploit, including credit card and debit card data, contact information, etc. All this data plus the lack of a robust cybersecurity infrastructure is what makes start-ups such an appealing target for hackers.
Different Types of Cyber Risks Facing Start-Ups
Learning about all the cybersecurity risks facing your business is one of the most important things you can do to secure your start-up. You can use this knowledge to make it harder for cybercriminals to use these threats to target your start-up. The most common cyber threats facing start-ups include:
Due to their reliance on new technologies such as cloud computing, IoT, and highly digitized work environments without proper security infrastructure, start-ups are incredibly vulnerable to data breaches.
In a ransomware attack, cybercriminals use a particular type of malware to lock a company’s mission-critical information until a stated sum of money is paid. Ransomware attacks directed at start-ups are on the rise.
In a phishing attack, cybercriminals use fake emails and websites to trick victims into divulging sensitive information. The targets of phishing attacks can unwittingly give attackers access to a wide range of sensitive information.
Ways to Secure Start-Ups
There’s a lot that you can do to protect your start-up from these and more online threats. Below are some of the mitigations you can undertake to protect your business venture.
There is a growing number of cyberattacks directed at the employees’ lack of awareness today. Training your employees on cybersecurity best practices is crucial. Having employees who are unaware of the various threats out there makes your start-up more vulnerable.
Use A VPN
A Virtual Private Network (VPN) offers one of the most effective ways to guarantee online privacy and security. A VPN can increase protection against DDoS attacks, malware, snooping, and a wide range of other online threats. Use a VPN router to secure all the devices in the office.
Having a reliable backup is essential for cybersecurity. Backup provides your start-up with a way to restore lost or destroyed data. In case of a ransomware incident, you can quickly restore your data and get back to business.
A risk assessment is a comprehensive audit of your system. Assess risks and vulnerabilities to identify potential weaknesses. A risk assessment exercise will help you know where your business is most vulnerable. You can then secure those vulnerabilities and protect your company data.
Last but not least, update your software regularly to improve security. Cybercriminals love to exploit weaknesses in outdated software to gain access to your system. Make sure that you install updates and security patches as soon as they are made available to avoid such attacks. Start-ups often lack robust cybersecurity infrastructure, which makes them an easy target. Sadly, many start-ups that experience cyberattacks go out of business after six months. Use the above tips to protect your start-up and improve your chances of survival.