The world we live in is full of technological wonders, and new inventions are brought to light daily. It made everything more accessible and more convenient for everyone, especially businesses. New digital trends are constantly emerging and shaping the futures of different business sectors. Unfortunately, bad actors have also jumped on the development wagon and used it to update their fraudulent activities. Cybercrime is getting more and more sophisticated and harder to stop, which is why businesses need to step up their cybersecurity game to stay safe from cybersecurity threats. 

Luckily, cybersecurity experts weren’t standing still waiting for cybercrime to take over. They have also used the technology to develop various fraud prevention tools such as OSINT tools, device fingerprinting, or email lookup. Implementing them into your business can make all the difference in staying safe against cybercrime.

What can you do to stay safe from cybercrime?

Cybercrime has become a part of our reality and it is up to every business owner to implement proper security protocols to protect themselves, their business and their customers from the growing cyber threats.

Be aware of threats

You need to understand that nobody is safe when it comes to cybercrime. Fraudsters want to make a profit at any cost, and they don’t care who they have to use and exploit for it. You can stay one step ahead by doing regular security audits, knowing which threats you might face, learning what you can to prevent them, and creating an action plan for reacting if something happens. 

Introduce regular cybersecurity training

Business owners know how important it is to stay updated with the newest trends and constantly improve their professional and personal development skills. The same applies to cybersecurity. You need to educate yourself and your employees about the dangers you might encounter, recognizing them and defending against them. Since cybercriminals constantly update their methods, this training needs to be conducted regularly to keep everyone up to date.

Introduce and enforce password policy

This step is connected with the previous one, and it should be part of your cyber awareness trainings. The importance of good password hygiene needs to be drilled into all of your employees to ensure they do not use simple passwords, reuse them or use similar ones on all of their accounts. Consider passwords as a key to your account; by not having unique and complex passwords, you make it easier for cybercriminals to gain access to your accounts. As Hari Ravichandran points out, if you or your employees are reusing the passwords, cybercriminals will not only gain access to one account but to all of them.

Implement cybersecurity strategy.

Installing firewall and antivirus programs on all devices is a good start. Still, to protect your business, you need to implement additional fraud prevention tools such as device fingerprinting, OSINT tools, and email or social media lookout. These tools collect additional data about your business and your users, allowing you to identify any potential weaknesses and threats that might target your business. They can even be used for other aspects of your business and help you make informed decisions.

Regularly update software and systems. 

Cybercriminals are resourceful about finding any weakness in the software and systems. If you do not conduct regular updates, those weaknesses will not be patched, which means cybercriminals will be able to exploit them to gain access to your network and all of your confidential data. This can have disastrous effects on the business, and it could’ve been prevented with just a few clicks. You can even just turn on automatic updates and let the software take care of itself.

Unfortunately, cybercrime will never go away completely, but by following these steps, you will minimize the risks of your company becoming a victim.