The largest consideration for SMEs is cyber security.
In the last five years the type of threats have evolved to such an extent that some businesses are struggling to catch-up.
Top 5 Cyber Threats in 2018 affecting SMEs
We’re all human and people are the weakest link when it comes to security within your organisation. From phishing emails, downloading malware sent via email or clicking on links to give attackers their password – the human factor will be your biggest liability.
One of the easiest things to fix and yet something that is often neglected, especially in SMEs. Having a secure, strong password and enabling features like MFA/2FA (multi-factor authentication) will help reduce the number of successful phishing attempts and password compromises. Employees often reuse passwords so a company wide password policy is a good idea.
3. Patch Management
Attackers are getting smarter at detecting and exploiting vulnerabilities in the software that we use everyday. Most software vendors (such as Microsoft) issue fixes for these vulnerabilities frequently however so many organisations just don’t have a policy in place to install them. A centralised patch management platform is a must.
4. Other businesses
All organisations interact, interlink and work closely with other businesses on an almost daily basis. So whilst your cyber security may be fantastic, theirs may not. Believe it or not their ‘lax’ security practices could cost your business dearly. With the introduction earlier this year of GDPR – you could face a massive fine should your customers data be compromised. This happens frequently to businesses that deal with third parties who need access to their customers data.
5. BYOD (bring your own device)
How many of your employees connect their smartphone, tablets and laptops to your organisations corporate wifi network..? Across the board, the figure is huge and each one of these devices introduces a weak link and potential data leakage point. More often than not, these devices don’t have any security software installed and lots of apps that have ‘questionable’ content.
Unless properly managed, BYOD is like getting your house protected with alarms, window bars and cctv… but leaving the back door unlocked and the alarm code on the fridge!