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Startups face a lot of challenges initially, and the biggest one perhaps is cyber attacks. Why? Because sensitive information or data is either leaked or encrypted in these attacks, which can cause lots of financial damages (like ransomware).
On top of this, customers' faith gets startled too, and they start thinking that their data is not safe too. This is super bad for any new business.
So, strong cybersecurity for startups is critical for everyone. In this guide, you will learn what startups can do to strengthen their cybersecurity and avoid significant damage.
Let's begin!
The biggest reason cyber-attacks become successful is when the system has weak security. Therefore, it is crucial you use advanced security methods to protect the data and make sure you hire an experienced Start Up development team to ensure your system security.
You must at least use these three advanced protective methods:
Two-factor authentication is a great choice to have strong cybersecurity for startups. It has really made it difficult to breach the system as most of the hacking/ illegal access happens due to weak or generic passwords. But with two-factor authentication enabled, hacking becomes really tough.
You should also encrypt sensitive data about your startup. Encrypting the data will keep your important data safe from going into the hands of the breachers because they couldn't decode it easily.
Having an Antivirus also provides protection from any kind of cyber attack. The Antivirus regularly scans files and keeps you updated about whether there is any malware or not. If it detects any, it quickly gets rid of it.
Startups usually make the mistake of using pirated software to save some money. This step gets costly when such software becomes the source of virus attacks.
So, you should do everything the legal way. Download the software from the official websites and pay the subscription money they ask for.
Similarly, don't just use any Browser. Go for Google Chrome, Firefox, and the other credible ones because they already have a defense system against malware.
If you do this, your system will be much safer.
Attacks on the system also happen when you open any unverified or spam link. Clicking on such a link lets the attacker breach your system and gain access to every critical data. So, if you get any email from an unknown email and it has any link, report it.
Creating a backup is one of the most critical steps in protecting your data from being lost due to cyberattacks. It is crucial to do this because even if the attack becomes successful, you will still be able to recover important files quickly.
If you don't want to back up every piece of data because of storage limit issues, then choose the most important and sensitive ones. It is because ransomware attacks are increasing every day, which is hurting startups. Last year alone, Ransomware attacks surged by 171%.
In this attack, hackers encrypt the files and demand money to decrypt them. When they gain access to the sensitive data and encrypt them, you will have no choice but to pay them thousands of dollars as a ransom to gain back access to the data.
However, if you have already backed it up on different platforms, you won't pay ransom to the hackers because you can then quickly recover the data from these platforms. You can use a lot of software/programs to create a backup, like iCloud, Microsoft Backup, etc.
During a cyberattack, recovering the system is not the only worry. New companies start to worry about their economic future, too, as it hurts the business. But having cyber insurance will protect your startup from going bankrupt.
Even if you recover your files after a cyber attack, there are still chances of it happening again. In such attacks, your sensitive data goes into the hand of the breacher, which can give you a lot of monetary loss. Other economic complications are also attached to it, which can lead to a financial fallout.
So, if this situation ever arises, having cyber insurance will pay off significantly. You will be compensated for the money spent on the recovery process and also ensure your startup stays functional.
Another important way of protecting and avoiding any cyber attack is to educate your staff about how this attack happens and what everyone should do if it ever occurs. Sometimes the system gets hacked because of the mistake of the employees. Therefore, you must arrange a meeting or conference and create awareness among the staff members.
Inform them not to:
These little things will effectively protect your startup from cyber attacks.
Having powerful cybersecurity for startups is super important if they want to thrive quickly. The sensitive data gets leaked or encrypted due to attacks, which most likely leads to financial fallouts. Therefore, new businesses should focus on it from the early days before it gets too late.
Startups should create a backup, use advanced security methods, stay away from pirated software and spam links, have cyber insurance, and educate their staff about cyberattacks.
These things will fail any hacking/breaching attempt and keep the sensitive business data safe successfully!
We are Owlab Group Team, a software product development company that has experience of more than a decade in developing apps/software. We have vast expertise in Fintech, Entertainment, Healthcare, Travel, and many more niches. We also develop high-tech security systems that keep transactions safe.
Overall, we have successfully completed 136+ projects for every size company, and our happy & satisfied clients are proof of our success.
Right now, we are open to taking on a few more projects. So, if you are looking for fast and efficient app development services, then contact us with what you have in mind and leave the rest to our highly experienced team.
