The team at Ooma delves into the fascinating world of cybersecurity with a series of facts and tips for businesses looking to fend off the sophisticated cyber-threats of the modern era. The smallest slips can lead to large-scale hacking and data leaks that expose customers to vulnerabilities that can lead to stolen identities and worse. Ooma’s guide is an actionable reminder of the importance of strong cybersecurity to help companies stay ahead of current threats.
Cybersecurity is the practice of protecting systems and networks from digital attacks. These attacks can result in phishing scams, ransomware, data theft, and other activities that lead to financial gain, espionage, and even entertainment for the attacker. Cybersecurity strategies involve data encryption, staff training, and other methods to monitor network threats. Businesses need to consider cybersecurity as a core component of their risk management strategy. It’s clear that many companies take it seriously since over $1.25 trillion is spent on cybersecurity every year. That may sound excessive, but consider that cybercrimes are projected to cost the global economy ten times that amount in just a year. Data breaches cost companies an average of $5 million on top of damage to revenue and reputations.
The most commonly targeted business sectors are:
• State institutions/political systems: 51.78%
• Critical infrastructure: 41.73%
• Corporate targets: 15.14%
• Social groups: 6.17%
• Media and education: Around 6% each
To combat these costly threats, the graphic gives details on using these security strategies:
• Train employees to prevent cyber-attacks.
• Install antivirus software.
• Keep security software up to date.
• Use a firewall and data encryption to stay secure.
• Secure all Wi-Fi networks.
• Use strong passwords.
• Create user accounts for every employee.
• Enable multi-factor authentication.
• Back up important business data.
• Limit employee access to data and software installation.
• Restrict administrative privileges.
• Secure your payment systems.
• Protect business mobile phones.
• Monitor cloud service providers.
• Conduct regular cybersecurity audits.
By Ooma.com
