As businesses increasingly rely on technology, it is crucial for leaders to take proactive steps to protect both their company and their customers from cyber crimes that can damage reputation and relationships. Implementing cybersecurity measures may require funding, but small- to medium-sized enterprises (SMEs) can still execute effective policies on a budget. Forbes Business Council members offer 17 cybersecurity measures that SMEs can take to safeguard company and customer data.
One essential measure is the creation of a documented cybersecurity policy that includes basic habits such as avoiding public Wi-Fi, using multi-factor authentication, executing software updates promptly, backing up data weekly, and reporting all incidents. Another important focus is on mitigating human errors by training employees on best practices like phishing awareness, using strong passwords, and safeguarding sensitive data. SMEs can also be proactive about blockchain by hiring young blockchain developers and building a consortium-based ecosystem to protect against external cyber-attacks.
Ensuring that technology is secure and updated is a cost-effective way to enhance cybersecurity by keeping machines clean and up to date with regular updates and scans. Prioritizing end-to-end encryption can protect data and operations, particularly in the telecom field. Additionally, businesses should implement strong password policies, multi-factor authentication, and provide training to employees on phishing awareness, secure password habits, and reporting suspicious incidents.
Implementing multi-factor authentication for all user accounts, using a password manager, regularly changing passwords, leveraging encryption software, avoiding storing data in a single place, and backing up data regularly are all crucial measures that SMEs can take to strengthen their cybersecurity defenses. It is also important to educate employees on standard practices and the importance of cybersecurity to create a culture of security awareness throughout the organization. Lastly, examining the security practices of suppliers and partners and implementing requirements for adherence to security standards can further enhance cybersecurity efforts for SMEs.
