Business Cyber Security delivered via Cloud
Free Call:
Email:
Company Address:
116 Gawler Place
Adelaide SA 5000
Postal Address:
PO Box 1235,
Glenelg South SA 5044
Copyright © 2024 | Magnetic Alliance Cyber Pty Ltd | Designed by Magnetic Alliance
Cyber CEO – Cyber Security For Business
Welcome to Cyber CEO, where we explain cyber security terms and concepts for businesses. Today, let’s dive into the fundamentals of cyber security and how it applies to small and medium businesses (SMBs), especially those that operate in the cloud.
What Is Cyber Security?
Cyber security is the practice of safeguarding your business from cyber threats—attempts by individuals, automated systems, or organisations to infiltrate your operations. These threats can occur through various channels, such as networks, emails, or compromised systems.
A notable fact is that most breaches—around 90%—happen because an employee unknowingly facilitates access to an attacker. Only about 10% of incidents involve purely external infiltration. This highlights the importance of focusing not just on technological defences but also on human awareness and behaviour.
Cyber security, at its core, aims to prevent these attacks from succeeding. Think of it like wearing a protective vest—it doesn’t stop bullets (or attacks) from being fired, but it reduces the harm they can cause.
Types of Cyber Threats
Cyber threats can be grouped into three primary categories:
These threats originate outside the organisation and include malware, viruses, and socially engineered attacks designed to trick users into taking harmful actions.
These can arise from within the business, whether through rogue employees attempting to steal data or employees making mistakes that expose the business to risk.
Forensics focuses on investigating and understanding breaches when they occur. This involves collecting information to determine what went wrong and how the security measures were bypassed.
The Shift to Cloud-Based Operations
In the past, businesses relied heavily on physical office spaces with dedicated IT infrastructure like firewalls and servers. These systems acted as strong barriers to cyber threats, and employees’ devices were typically well-protected within the network.
However, with the rise of cloud-based operations, many SMBs have unknowingly left gaps in their security. By moving to cloud-based systems and remote work, devices are now often exposed directly to the internet, making them more accessible to attackers.
This shift has created new challenges for SMBs, particularly those without the large budgets or IT teams that larger enterprises have.
How to Strengthen Cyber Security
For SMBs operating in the cloud, the good news is that there are practical and affordable ways to improve cyber security. Here are five key steps to consider:
Traditional antivirus programs are no longer enough. Instead, businesses should opt for next-generation antivirus or endpoint detection and response (EDR) tools. These solutions are designed to handle modern threats and provide more sophisticated protection.
The Australian Government’s Essential Eight Framework offers a practical guide with eight key controls to help businesses prevent and mitigate cyber attacks. This framework is an excellent starting point for SMBs looking to strengthen their defences.
Since human error is a leading cause of cyber breaches, educating employees is a must. Awareness training helps staff identify phishing attempts, social engineering tactics, and other common threats, empowering them to act as the first line of defence.
Weak or reused passwords are a common vulnerability in cloud-based systems. Using a password management tool like LastPass ensures that passwords are strong, unique, and securely stored. This is a simple yet highly effective step to protect sensitive systems and data.
Clear policies provide guidance on handling specific risks, such as invoice redirection scams. These scams, where attackers impersonate suppliers to redirect payments, cost businesses an average of $40,000 per incident. A strong policy framework, combined with staff training, can help prevent such costly mistakes.
Cloud-enabled businesses often underestimate the risk posed by cyber threats. With just a few passwords, attackers can access emails, phone systems, files, and more—potentially bringing a business to its knees.
The financial and reputational damage of a cyber breach can far outweigh the cost of preventive measures. That’s why taking proactive steps to secure your business isn’t just a good idea—it’s a necessary part of running a modern SMB.
By investing in these solutions, you can ensure that your business is protected against common threats, giving you peace of mind to focus on growth.
Cyber security isn’t about eliminating every threat—it’s about reducing the likelihood and impact of an attack. By taking steps to strengthen your defences, you’re not just protecting your data but also securing the future of your business.
Don’t wait for an incident to occur. Start building your defences today and create a safer environment for your business, employees, and customers. Contact us today!
// Need more help?
Contact our team today.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Related Posts:
Cyber CEO – How to Secure your Passwords Using Password Management
Cyber CEO – How to secure your passwords Using Password Management The importance of securing our passwords cannot be overstated. Cyber attacks often begin with
Cyber CEO – Phishing Emails and How Do They Work?
Cyber CEO – Phishing Emails Welcome to our phishing guide, a scam where people are tricked into giving personal information through fake emails and sites.
Cyber CEO – What is Log4J hack?
Cyber CEO – What is Log4J hack? In this video, we dive into the Log4j hack, a significant vulnerability that emerged in December and was
Cyber CEO – Managed Services Provider (MSP)
Cyber CEO – Managed Services Provider Welcome to Cyber CEO! This video provides an overview of Managed IT Services and their role in enhancing business
Recent Posts
Categories