Your data is pivotal to running a successful company. If you don’t have proper security measures in place, hackers can easily steal your data and take you out of business.

Cybercriminals might be the biggest threat facing your company. Besides gaining access to your money and accounts, they can also take over critical software, preventing you from collaborating with clients. 

Any organization can fall victim to hacking. However, small and medium businesses are particularly at risk. 

Why?

Too often, their owners don’t always address cybersecurity when launching their company. Sometimes, they even just hire the first IT service provider they see. They also don’t know how to shield themselves from online attackers, making them low-risk targets. 

As a result, these organizations often go under due to the loss of sensitive data. It isn’t a risk you can take. 

To help mitigate it, this article will introduce you to the various types of hackers and explain how to protect your business from them.

The 5 Types of Hackers to Watch Out For

Here’s a quick list of potential hackers, depending on what they’re after: 

#1. Hackers Who Are After Personal Information

Many hackers are dying to get their hands on the personal information of your clients and employees. It includes birth dates, financial data, and social security numbers. 

Social security numbers might be the most valuable asset they want to get ahold of since cybercriminals can use them for various purposes. For instance, they can perform tax fraud, open credit accounts, and make other significant identity breaches. 

In addition, financial data can be utilized for fraudulent activities and purchases, especially if it lacks robust digital security systems. 

#2. Hackers Who Want to Get Into the Digital Infrastructure

Storage and data servers are expensive – and hackers know that.

In order for them to cut costs, hackers may aim to store their applications and data on your infrastructure instead. The better your infrastructure, the more likely cybercriminals are to target it. This can strain your network to the limits and have devastating effects on your business. 

Unsurprisingly, tech companies are some of the most common victims of this type of hacking. 

The common indicators that a hacker has tapped into your digital infrastructure include:

• Running out of storage faster than usual
• Your network suffers slowdowns 
• You may have unknown devices on your network. 

#3. Hackers Who Are After Confidential Information 

Few business aspects are as important as your intellectual property (IP). Your products and services enable you to stand out from the competition and strike a chord with the target audience. 

A huge problem arises if hackers steal the design of your upcoming product before you launch it or submit your patent. A competitor may obtain the information, allowing them to hit the market first and undercut your sales.

#4. Hackers Who Want to Get Account Data

Sure, you and your IT service provider might have done enough so that hackers might not be able to obtain financial data. But are your employees’ accounts secure? 

If hackers compromise them, they may let them run scams and gain information to disrupt your operations. 

For example, losing CEO login credentials can be devastating. Besides granting hackers access to sensitive information, it also helps them impersonate the CEO. In return, they can solicit information from employees or clients and halt your operations. 

This data breach can lead to widespread confusion, tarnishing your reputation. 

#5. Hackers Who Aim to Have Network Control

In some cases, hackers aren’t after data. Instead, they want to gain control of the entire network. And to make it happen, they launch ransomware attacks. 

These activities enable them to lock you out of the system and make data inaccessible until you pay a ransom. They’re typically initiated through spam, phishing emails, and online ads. 

The average ransom amount stands at approximately $30,000, but the loss caused by business disruption is much more significant. 

How to Protect Your Business

Now that you know how hackers can compromise your company, let’s check out 5 effective ways to protect yourself:

Way #1. Investing in Security Resources

A key factor ignored by many owners is the amount of money and time devoted to cybersecurity. Avoid this mistake by allocating enough resources to set up solid defensive measures. Make sure to invest in a reliable IT service provider to help you out.

This way, your online accounts, hardware, and network should be more secure. 

Way #2. Training Your Team

Most security systems have weaknesses. And their employees are usually the biggest ones. 

For this reason, HR managers and CEOs should ensure their staff follows optimal security measures, both in-office and at home. They must all remember that any phone or laptop they use for work can be a weak point and entryway for hackers. 

To introduce your employees to the best security practices, consider arranging security education and training for a month once a year. You can talk about different aspects of your company and the steps necessary to deter cyber criminals, for example. 

Sound education can go a long way in promoting a healthy security culture. 

Way #3. Adding Authentication

There are many valuable tools you can use to fend off hackers. One of them is two-factor authentication (2FA) – a simple yet effective weapon against scammers. 

This measure requires each user to verify their identity to access your system. You could use it on all business-related accounts to reduce the chances of cybercrime. 

Furthermore, encourage your team members to activate 2FA on personal accounts. This way, they’ll be more likely to follow appropriate security practices, reducing the risk of compromised devices and data breaches. 

Way #4. Leveraging Software

Computer viruses are another go-to tool for hackers. And a great way to deal with them is to incorporate antivirus software. 

Make sure your built-in antivirus software is up to date. Also, you can consider a corporate package from trusted companies like BitDefender, Norton, McAfee, and Total AV. 

Each machine that can access work resources should rely on this software. Plus, the user should conduct weekly antivirus scans to lessen the chances of computers getting infected by a virus.

Way #5. Performing Security Checks

Checking your system is vital for optimal cybersecurity. Solid antivirus software is practical, but you shouldn’t disregard manual scans. It’s crucial that your IT service provider does this periodically.

More specifically, check who’s accessed your network and make sure each point of access is authorized. Any suspicious activity must be reviewed and rooted out. Otherwise, these red flags can prove fatal for the company. 

Stay on the Safe Side

Battling hackers may not be the most exciting part of running a business. However, neglecting cybersecurity turns your company into a sitting duck for scammers. You may lose money, data, and your reputation might suffer irreparable damage. 

While there isn’t a bulletproof solution, adopting the outlined tactics should be a strong starting point. 

Contact us today if you want to discuss your cybersecurity in greater detail and pinpoint potential risks. We can arrange a quick, non-salesy chat and figure out ways to help you.

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Making the most of your Microsoft 365 apps requires you to adopt appropriate security measures.

Microsoft 365 is one of the best collaboration and productivity tools around. It provides users with seamless communication, scalability and supports remote work with various features. The security is also solid due to a wide array of defense mechanisms. 

But this doesn’t mean you’re impervious to cyberattacks. 

Data leakage, unauthorized access, and malware can still jeopardize your system and offer ideal entry points for hackers. Should your business fall victim, the consequences can be dire, ranging from operational disruptions to severe reputational damage. 

The only way to fend off hackers is to take your Microsoft 365 data protection to the next level. And this article will list the 11 most effective security measures to help shield your data in Microsoft 365.

The 11 Effective Security Measures

Security Measure #1 – Activate Multi-Factor Authentication

Microsoft 365 users have just one method of verifying their identity when using a username and password. Unfortunately, many people don’t follow robust password protocols. If you’re doing the same, you’re exposing your organization to intrusions. 

That’s where multi-factor authentication (MFA) comes into play. 

It can boost your Microsoft 365 security with one-time passphrases or other factors to verify user identity. Best of all, this measure is easy to apply. 

However, enabling MFA should only be your first step. The next one is to activate Security Defaults, a Microsoft feature that enforces MFA in each administrator account. 

Another great idea is to implement MFA in all accounts without administrator permissions. It’s because these accounts can still endanger services and apps in your ecosystem. 

Security Measure #2 – Use Session Timeouts

Many employees fail to log out of their accounts and lock their mobile devices or computers. This can grant hackers unlimited access to enterprise accounts, enabling them to compromise your data. 

Incorporating session timeouts into internal networks and accounts automatically logs users out after a certain inactivity period. That means hackers can’t take over their devices and access sensitive information.

Security Measure #3 – Refrain From Public Calendar Sharing

Calendar sharing enables your employees to synchronize and share schedules with colleagues. While this facilitates team collaboration, it can also give hackers insight into your operations and vulnerable users. 

For example, if your security administrator is on vacation and this information is publicly available, attackers can use this window to launch malware. 

Security Measure #4 – Employ Advanced Threat Protection

Advanced threat protection (ATP) is a robust solution that recognizes and prevents advanced threats that usually bypass antivirus and firewall defenses. 

It grants access to a database that receives real-time updates, allowing users to understand the threats and integrate the data into their analysis. 

ATP notifies you about attacks, the severity, and the method that stopped them, regardless of the source. It’s especially effective at preventing phishing. 

It relies on machine learning and a massive database of suspicious sites notorious for malware delivery or phishing attempts. 

Security Measure #5 – Leverage Policy Alerts

Microsoft 365 lets you establish your policy notifications in the compliance center to meet your company’s security needs. For example, they send your employees tips on sending sensitive information whenever they’re about to send a message to a contact outside your network. 

These warnings can safeguard against data leaks while educating your team on safe data sharing methods. 

Security Measure #6 – Secure Your Mobile Access

Your team often uses smartphones to access work email, contacts, documents, and calendars, especially if they work remotely. So, securing their devices should be your top priority when protecting data. 

The best way to do so is to install Microsoft 365 mobile management features. They can let you manage your security policy, permissions, restrictions, and wipe crucial information from stolen or lost devices.

Security Measure #7 – Deactivate Legacy Protocol Authentication

It’s worth noting that legacy protocols don’t support several security features in Microsoft 365 that reduce the chances of intrusion, such as MFA. This can make them perfect gateways for adversaries who want to target your organization. 

That said, your best bet is to deactivate legacy protocols to mitigate risks. 

However, you may not want to disable legacy authentication if your team needs it for older email accounts. The good news is that you can still make your network safer by restricting access to users who don’t need this protocol. 

Security Measure #8 – Integrate Role-Based Access Control

Access management is a convenient security feature that can limit the flow of private information across your business. It allows you to establish the users who can access data in your company. 

For instance, you can minimize data leaks by preventing rank-and-file team members from reading and editing executive-level files.

Security Measure #9 – Rely on Unified Audit Log 

Unified audit log (UAL) includes logs from several Microsoft 365 services, such as Azure AD, SharePoint Online, OneDrive, and Microsoft Teams. Enabling it can give the administrator insight into malicious activity and actions that violate organizational policies. 

You may also want to incorporate your logs into an existing SIEM (Security Information and Event Management) tool. Doing so enables you to connect logs with current log monitoring and management solutions to reveal abnormal activity. Plus, it can improve the overall security of your Microsoft 365 suite. 

Security Measure #10 – Encrypt Emails

Encrypting sensitive data is often the last resort when dealing with data breaches. But if cyber attackers access your emails, robust encryption tools can make them unreadable. That’s why email encryption is something worth looking into.

This feature is essential for Microsoft 365 users who share emails and files regularly. 

Security Measure #11 – Train and Educate Your Employees

The above measures are undoubtedly effective, but they may amount to nothing if you leave your employees out of the picture. In fact, human error is the leading cause of most data breaches.

One of the best ways to prevent security breaches in your business is to schedule employee security training and education. It can raise their awareness of potential threats and guide them on how to address them. 

This is especially important when recruiting employees. Make sure they undergo in-depth security training before granting them access to sensitive data and organizational devices. 

Don’t Leave Your Business’s Data Protection to Chance 

Microsoft 365 offers a bunch of intuitive and convenient tools. The experience can be so smooth that you may even forget about protecting your data. 

However, you’re taking a huge gamble in doing so, as it leaves your system open for hackers. 

With that in mind, applying the defense mechanisms mentioned in this article will dramatically decrease security threats to your business. 

We can help you further ensure your security when using Microsoft 365 apps. Contact us for a 10-15-minute chat that’s obligation-free. Let’s discuss how you can keep cyber threats at bay. 

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