There are many managerial and operational tasks required to successfully grow a startup business. One of the biggest mistakes startup businesses make is neglecting to safeguard their data from cyber threats. Some studies show that 200,000 new malware samples were discovered each day in 2016. Unfortunately, analysts expect this number to increase as more businesses use cloud storage and other internet services. Safeguarding your online information is paramount to setting up your business for success. The following tips in this article will help you protect your startup business from cyber threats.

#1) Create Strong Passwords

Don’t underestimate the importance of creating strong passwords. A common tactic hackers use to access systems and servers is spamming countless username and password combinations. Known as a brute force attack, it’s a rudimentary yet oftentimes effective tactic. To protect your business from brute-force attacks, you must create strong passwords for all privileged accounts and change them on a regular basis.

#2) Enable Two-Factor Authentication

You can go one step further with your business’s login security by enabling two-factor authentication. Two-factor authentication requires more than just a username and password; it also requires the user to perform a second verification task, such as entering a PIN or submitting a fingerprint. This additional step makes a world of difference in strengthening your business’s cybersecurity and protecting it from cyber threats.

#3) Beware of Phishing Scams

Research shows that 85 percent of businesses have suffered a phishing attack. Whether it’s an email with a spoofed “from” address or a social media profile presenting itself as a legitimate company, phishing scams are a common way in which hackers deploy ransomware and other forms of malware. Thankfully, it’s also something that startups can protect themselves from through education and training. Business owners should train employees on how to identify (Read more...)