Smaller businesses have become targets for cybercriminals because criminals know they have fewer defense resources than large enterprises. If cybercriminals can breach a small business and steal credentials (e.g., for banking accounts or email access), they can use that information to steal money directly, create attacks on its customers and work their way around the business ecosystem in other nefarious ways.
The 2016 State of Small & Medium-Sized Business Cybersecurity report, independently conducted by Ponemon Institute, LLC and sponsored by Keeper Security, surveyed 598 individuals in companies with 1,000 or fewer employees. The survey revealed 50 percent of Small & Medium-Sized Businesses have been breached in the past 12 months. Read more on why small and mid-sized businesses should pay attention to cyber security: https://staysafeonline.org/cybersecure-business/.
-Julie R., Director of Enterprise Risk
Below are some ‘best practices’ Community Banks of Colorado deploys and for you to consider:
- Back up data regularly.
- Verify backups are working through testing.
- Provide training and education. We are all targets, so everyone needs to be aware of information and data security threats.
- Enable strong spam filters to prevent phishing emails from reaching ends users and authenticate inbound email using technologies.
- Require minimum standards for passwords (length, complexity, history, etc.)
- Leverage next-generation anti-virus technology to inspect files and identify malicious behavior to block malware and malware-less attacks that exploit memory and scripting languages.
- Block ads. Ransomware is often distributed through malicious ads served when visiting sites.
- Patch operating systems, software, and firmware on all technology devices.
- Configure firewalls to block access to known malicious IP addresses.
- Use application whitelisting, which only allows systems to execute programs known and permitted by security policy.
- Conduct an annual penetration test and vulnerability assessment.
– Julie R. Director of Enterprise Risk
From sending emails that appear to be from companies you know and trust, requesting donations in light of the recent natural disasters (fires, hurricanes, and earthquakes), utilizing fear from the recent Equifax data breach to obtain personally identifiable information (i.e. credit card data, account information, etc.), to adding card-reading devices to ATMs, fraudsters rely on creative ways to obtain your confidential information. Continue reading
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When it comes to Internet security, what you think you know can hurt you. A lot of what passes for common sense about this subject is just plain wrong—and often risky. These days we tend to believe that technology can inherently protect us, but that’s not always true. Check out these common misconceptions and see if any apply to you.
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Owning a small business is an all-out battle to find the right balance between generating revenue and limiting costs. That’s especially true in a business’s first year, when finding a sustainable customer base requires investment.
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