How to protect your small business from cyber attacks

You might think a cybercriminal is more drawn to the pay-dirt of a Fortune 500 company than your business but don’t be fooled. According to the Norton SMB Cyber Security Survey 2017, one in four Australian SMBs experienced a cyber attack in 2017. There’s more bad news too. That’s a jump on the one-in-every-five SMBs that experienced an attack in 2016.

One of the keys to fortifying your business against cyber attacks is to stay abreast of the latest cybersecurity technology.

Some of the key areas cybersecurity is advancing in presently include multifactor authentication (MFA), encryption and connection. Here we break down how the advancement of these technologies signals better protection for your business.

Multifactor authentication

Multifactor authentication (MFA) is not new but the incidence of cyber attacks against Australian SMBs today means it’s an auspicious time for the technology to proliferate.

SMBs’ increasing reliance on software-as-a-service (SaaS)-based products is generating a graveyard of forgotten passwords that can haunt SMBs long after they’ve forgotten them and new data breach notification laws mean small businesses need to be more stringent about customer data security and privacy.

The wide range of authentication methods available to your business today include passwords, biometrics, hardware and software tokens, behavioural intelligence and Push and SMS authentication. But MFA is not a one-size-fits-all solution. Read more

Startup Daily - 16 August 2018