How Cybersecurity Protects Your Business

Unlike your company, cybercriminals work 24/7. Therefore, cybersecurity has shifted from being an option to an urgent necessity for every enterprise.

“The average cost of a data breach is projected to reach $4.2 million in 2023, as companies still resist investing in robust cybersecurity defenses to prevent these data breaches.” IBM

At Guiar, as a leading expert in information security, we want to help you understand why cybersecurity is an urgent imperative and how you can cement your market competitive advantage by addressing your business’s cybersecurity.

Data protection

At the heart of any successful business lies a treasure trove of data, from financial information to customer data and business strategies. These valuable resources are tempting for cybercriminals, and their loss can have very negative consequences, not only in financial terms but also in terms of reputation and customer trust.

“More than 60% of companies that suffer a cyber attack close their doors within six months.” – National Cyber Security Alliance

The most effective solution to this problem is to have a comprehensive recovery plan in case of a cyber catastrophe, ensuring that your company’s operations can continue even in the event of a digital breach. This plan includes:

 Regularly backing up data.

Implementing firewalls to block unwanted traffic and detect threats.

Implementing multifactor authentication where necessary.

Proactively applying security patches.

Enabling data encryption in motion and at rest.

A robust cybersecurity strategy safeguards the protection of your company’s data, ensuring that it remains in secure hands and out of reach of those who could cause harm.

Risk minimization

Cybersecurity is not just about installing the latest antivirus software; it’s about understanding your business, identifying vulnerabilities, and designing a comprehensive strategy that mitigates risks without hindering your operations.

“40% of cyberattacks target small businesses, while the rest focus on large corporations. Therefore, regardless of your company’s size, the reality is that no one is exempt from risks, and the consequences of a digital security breach can be significant. Small Business Trends

You can view cybersecurity as a chess game where you must anticipate the opponent’s moves. Every piece of your company, from employees to digital infrastructure, must be prepared and protected. In this game, cybersecurity is not just a defender but also a strategist helping you stay in control of the board at all times.

10 Tips to Minimize Security Breach Risks in Your Business

Taking preventive measures against cyberattacks, detecting threats early, and responding quickly can make the difference between a simple interruption and a business crisis. Here are 10 actions you can take to protect your data and minimize the risks of cyberattacks:

1. Establish basic security practices and policies for employees, such as requiring the use of passwords and instructing on proper internet use.
2. Ensure you have up-to-date security software.
3. Provide firewall security for your internet connection.
4. Create a mobile device action plan.
5. Back up important information and business data.
6. Control physical access to your computers and create user accounts for each employee.
7. If you have a Wi-Fi network for your workplace, ensure it is secure, encrypted, and hidden.
8. Limit employee access to data and information, as well as authority to install any software.
9. Require employees to use unique passwords and change them every three months.
10. Isolate payment systems from other less secure programs, and do not use the same computer for processing payments and browsing the internet.

The cybersecurity of your company starts with the awareness and training of your staff.

“90% of cyberattacks are based on social engineering tactics, meaning as the director of your company, you must provide your employees with periodic training and test them to help them recognize potential cyber risks to your business.” KnowBe4

Cybersecurity is not just about protecting your data; it’s about building trust with your customers.

A business that cares about cybersecurity is a business that cares about its customers. This is a powerful statement that can help you stand out in a competitive market.

Your customers trust that you will take care of their data, and when you can demonstrate that you take cybersecurity seriously, you strengthen that trust. Investing in cybersecurity not only protects your company but also shows your customers that you value their information and are willing to take even drastic measures to protect it.

At Guiar, we believe that cybersecurity is not a luxury but a necessity. Protecting your data, minimizing risks, and building trust with your customers are just some of the benefits of taking digital security seriously and a key factor in enhancing your company’s ability to compete, innovate, and grow.

Are you ready to take the next step in protecting your business? At Guiar, we offer expert advice and customized solutions to meet your cybersecurity needs and ensure that your data falls only into authorized hands.

Feel free to contact us for more information or to speak with one of our expert advisors.