How to Protect Your Business From Cybercrime While in Lockdown

SoftwareSuggest

SoftwareSuggest

Senior editor

Parul Saxena

Chief editor

Last updated: May 27, 2021

During this pandemic crisis, people are trying to maintain social distancing and are working from home.

Cybercriminals are exploiting these fears around the COVID-19 outbreak. They are progressively trying to conduct ransomware attacks, email scams, phishing, and more. They are not only targeting individuals but companies too. 

While large companies generally have robust security in place for remote work, small or medium-sized companies may not have been prepared.

They are more vulnerable to these attacks. 

Let’s look at some of these issues and how businesses can stay alert of this cybersecurity breach. 

Steps to Protect Businesses Against Cyber Attacks

Your customers need to trust you with their data. Otherwise, you will lose businesses.

So, if you are at risk of cybercrimes, you are putting your business reputation at stake. 

Here are a few practical ways (for both individuals and companies) to help minimize the chances of falling prey to the cyberattacks: 

Step 1: Upgrade Your System and Encrypt Your Sensitive Data

When you stay up-to-date with the latest software update, it ensures that your security measures are air-tight. You have the latest malware installed, and thus, you leave no security gap open. 

Besides, fewer than 30 percent of businesses encrypt data across their on-premises or cloud data environment. 

Encryption of data is particularly important when you send an email to a wrong person, or if hackers are trying to intercept the email. They can easily gain access to your confidential data if those are not encrypted. 

You owe it to your employees, customers, stakeholders, and business partners to keep their data safe. 

Step 2: Identify Phishing Emails and Avoid Them

Cybercriminals are constantly trying to steal your passwords, account number, and other security numbers. They use email or text messages to trick people into giving them their personal or business information.

According to the FBI’s Internet Crime Complaint Center, people lost $57 million to phishing schemes in one year.

Some of the telltale signs of phishing attempts are: 

  • Phishing emails or text messages look like they are from a trusted company that you know. They might pretend to be an online e-commerce store, a bank, or a social networking site.
  • Phishing emails or text messages might contain phrases like ‘you need to act now.Genuine people or companies won’t put pressure on you to take up a real offer. 
  • Phishing emails or text messages often try to tell a story to trick you into opening an attachment or clicking on a link. It is generally like ‘you’re eligible to register for a government refund,’ ‘you’ve won a lottery,’ ‘there’s a problem with your account,’ and more. 

Step 3: Deploy Cybersecurity Tools 

DDoS (or distributed denial-of-service) attack is one of the most prevalent as it requires fewer resources. 

Scammers try to exploit your business network by sending in more traffic than a server can handle. They abuse bandwidth beyond the network port’s ability. Scammers also try to do more targeted attacks on your application by exploiting a known vulnerability they may have found in your application and can bring down your application without any volumetric compute power 

The best protection against network or application DDoS attacks is by building up a web application firewall (WAF). 

It screens layer-7 traffic and protects from known attacks quickly and can also feed and alert anomalous behavior as alerts to the cybersecurity experts. These experts can identify any malicious chunk of traffic that is trying to bring your traffic down.

Looking for Cyber Security Software? Check out SoftwareSuggest’s list of the best cyber security software solutions.

Step 4: Monitor Application Security Constantly

Businesses need to continuously monitor their application performance and scan for any potential attacks. Automated security scans and manual pen-testing can detect risks and protect from attacks immediately. 

Software like AppTrana offers always-on security and expert created surgically accurate security rules. It can fix any vulnerabilities through WAF with assured zero false positives and also give you real-time visibility of your application risks and what steps are being taken to address them. 

Step 5: Back Up Your Data

It’s essential that businesses continuously back up their data on a secure location. 

Your operation might be closed during this lockdown time, but your data might still be at the risk of getting hacked. 

Run an audit of the place where you are backing up your data. Your important corporate files should always be stored on a corporate-approved cloud service. 

Also, make sure that your WiFi provider is a trusted company and doesn’t have access to your data. Install the firmware updates and choose a secure WiFi encryption version (WPA2 + AES).

Besides, don’t forget to change the password of your router from the default setting. 

Step 6: Beware of Phone Scam

Phone scams may sound silly at first. But it is still common practice for cybercriminals to collect information in bits. 

Gradually, they will ask you to give them more details with follow-up calls when they have earned your trust. 

Step 7: Find the Right Cybersecurity Application

The ultimate way to protect your business is by implementing a security application. It ensures that all of the above steps are coordinated. You can either choose to hire and train security professionals of your own. But it involves a huge amount of costs and time. 

The second best option is to invest in managed application security vendors.

AppTrana from Indusface is the solution to all your cybersecurity issues. They ensure round-the-clock availability and provide DDoS protection to prevent DDoS attacks. They even let you have a 360° view of your application security via their integrated AppTrana portal. 

Final Thoughts: Make Cybersecurity a Top Priority

Today, businesses need a lot more than traditional antivirus. They need to build a strong cybersecurity stack that can withstand the outbreak of modern malware. 

Having effective cybersecurity is becoming a necessary part of doing business with this dynamic shift in the work environment. It should always be a top priority for your company. 

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