How To Protect Your Newly-Launched Startup From Cybercrime

June 2, 2023
Photo by Markus Spiske on Unsplash

For entrepreneurs who are dipping their toes into the business world for the first time, you need to be fully prepared for what awaits. While we don’t doubt you have a robust business plan in place and have the means to get your venture off the ground, unfortunately, there are third-party threats that can jeopardise your operation and plunge it into disarray. What are we talking about, you may ask? Cybercrime!

As tech continues to advance, the threat of cybercrime looms large over companies, especially startups. Cybercriminals are constantly coming up with new tactics to exploit vulnerabilities and compromise sensitive data. To protect your company and preserve your reputation, here are some crucial strategies you can implement today.

Implement Robust Security Measures

Devising a strong security foundation should be the first step you take toward safeguarding your startup. Make sure all systems, networks, and devices are protected by keeping them all up-to-date with the latest security software and intrusion detection systems. Also, ensure you’re using unique passwords for your business accounts and set up two-factor authentication to add an extra layer of protection. You can turn to the professionals for help too, like ROCK. They offer SOC as a service that can improve your organisation’s threat detection.

Educate and Train Your Team

Knowledge is power, so educating and training employees on cybersecurity is paramount for keeping your operation safe. Cybercriminals tend to exploit human error or ignorance to gain access to systems. Because of this, you need to make sure your team understands the importance of cybersecurity. This can be achieved through specialist training programmes. They cover key areas like identifying a phishing email, using secure browsing habits, and how to handle sensitive information. There has been a spike in demand for cybersecurity training too, especially as more and more of us move online.

Create a Robust Backup and Recovery Plan

Data breaches can be catastrophic for any company, especially startups who are heavily reliant on digital assets. For that reason, it’s time to implement a regular backup and recovery plan. This can help in ensuring critical business data is protected and can be restored should you find yourself victim of a cyberattack. Look into using offsite or cloud-based backups. These provide an extra layer of redundancy and protection. To ensure they’re effective and reliable, you must test your backup systems regularly too.

Conduct Regular Security Audits

Auditing your startup’s security infrastructure regularly is imperative for identifying vulnerabilities and addressing them proactively. Perform in-depth vulnerability assessments to pinpoint weaknesses in your networks and systems. You can hire third-party security firms to carry out such assessments. When you identify and address vulnerabilities before cybercriminals have the chance to, you can significantly reduce the risk of a successful cyberattack.

Stay Informed

There’s no denying that the landscape of cyberthreats is constantly evolving. With that said, it’s your responsibility to stay up-to-date about the latest trends and attack techniques. Keeping up with industry news, subscribing to security bulletins, and signing up for cybersecurity forums are just some actions you can take to help you stay informed.

For startups that operate online, understanding the ins and outs of cybersecurity is essential. When you brush up on your knowledge, you can take preventive measures to keep your operation safe and prevent cybercriminals from gaining access to your network.

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