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10 Biggest Cybersecurity Mistakes of Small Companies

Complex online attacks have become a big worry. But what's more surprising is that small mistakes in online safety often lead to big problems, especially for small and mid-sized businesses (SMBs) in Singapore.

Cybersecurity doesn't have to be costly. Most breaches stem from human error, indicating that better cyber hygiene can significantly mitigate risks.

Remain Informed of these 10 Prevalent Cybersecurity Mistakes.

1. Underestimating the Threat

Cybercriminals often target SMBs, seeing them as low-hanging fruit due to perceived vulnerabilities.

It's crucial to be proactive about your cybersecurity. No matter the size of your business, you're potentially at risk. So, take the necessary steps to protect yourself, educate your team, and invest in the right tools and practices. Being small doesn't have to mean being vulnerable.

2. Neglecting Employee Training

Small businesses frequently overlook the crucial practice of regularly training employees in cybersecurity, mistakenly believing that caution is innate. However, human error remains a major risk, as employees can unintentionally fall prey to cyber threats. Effective training can empower staff to:

  • Recognize phishing attempts

  • Understand the importance of strong passwords

  • Be aware of social engineering tactics used by cybercriminals

3. Using Weak Passwords

Small businesses often overlook the importance of strong passwords, but they're crucial for our security. 

Did you know that people reuse passwords 64% of the time? This habit can put company information at risk of compromise.

At eVantage Technology, we encourage the use of strong and unique passwords for each account. It's a simple change that can significantly boost our security. Plus, let's consider implementing multi-factor authentication (MFA) and password managers.

4. Skip Software Updates

Hackers love to sneak in through weaknesses in outdated software. Make sure to regularly update everything — from your operating system and web browser to your antivirus software. This helps patch security flaws and improve your security posture.

5. Lacking a Data Backup Plan

It's crucial to establish a routine for backing up essential data. This ensures that vital information is duplicated and preserved securely, reducing the risk of permanent data loss.

But just creating backups isn't enough. Regular testing is essential to confirm the reliability and effectiveness of these backups. This step ensures that, in the event of a data loss incident, the information can be retrieved and restored successfully.

6. No Formal Security Policies

Without clear policies, employees might not understand how to handle sensitive data or respond to incidents. Establish and communicate clear security guidelines.

Enterprises must implement structured security protocols and ensure they are clearly conveyed to every team member. These guidelines should encompass aspects such as:

  • Password management

  • Data handling

  • Incident reporting

  • Remote work security

  • And other security topics

7. Ignoring Mobile Security

As we increasingly work off our mobile devices, so does the risk. Implement mobile device management (MDM) solutions to secure work-related activities on mobile devices. These ensure security rules are followed on both company and employee-owned devices used to access company data.

8. Neglecting Routine Network Surveillance

Consider installing network monitoring tools. These tools can automatically watch for suspicious activities, alerting businesses to potential threats in real-time. They serve as a vigilant, digital watchguard for the network, helping to secure sensitive information.

Alternatively, SMBs might outsource network monitoring services. Outsourcing offers access to specialised expertise and advanced technology, without the overhead of in-house management. This can provide a cost-effective and efficient solution to promptly identify and respond to security threats, keeping the business safer.

9. No Incident Response Plan

When faced with a cybersecurity breach, an organised response can significantly minimise damage. Have a clear plan outlining immediate actions and responsibilities.

10. Unaware or Misconception of the Value of Managed IT Services

Protect your business from the financial losses and disruptions caused by cyberattacks. Speak to us at eVantage Technology to find out more about our Managed IT Services, tailored towards the SMB environment. 

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