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Cybersecurity: 5 Common Factors that Put Businesses at Risk

Business leaders need to proactively identify security issues and loopholes in their corporate network before bad actors can.

Cyberattacks are on the rise, and they have been a growing concern for a while now. What’s even more worrying is the pace at which they are rising. In 2019, more than 60 percent of firms in the UK reported a cyberattack. In 2020, this number increased sharply to a shocking 96 percent. In fact, British firms are among the hardest hit by data breaches and cyber attacks in the whole of Europe.

So, what factors put businesses in the UK more vulnerable to cyber threats? Which of these risk factors can businesses identify and eliminate in order to protect their best interests better? In this article, we share with you some of the most common cybersecurity risk factors and what can be done about them.


5 Common Cybersecurity Factors that Put Your Business at Risk


1. Lack of Cybersecurity Awareness Amongst Employees

Believe it or not, when it comes to your organisation’s cybersecurity, the weakest link is your own staff. Phishing attacks, which make more than 80% of total cybersecurity incidents, commonly target unsuspecting employees. In addition to this, employees sometimes end up sharing sensitive data with unintended recipients, and this mistake leads to almost a quarter of the total cybersecurity incidents in the UK.

Now, with most employees working from home and using unprotected networks and devices for work, it’s now more important than ever to impart cybersecurity awareness training to your workforce. Get cybersecurity experts to train them on how to:


2. Misconfigured Hardware And Software

Bad actors find it easy to take advantage of misconfigured servers and software for sneaking into an organisation’s private network. With that being said, it’s common for inexperienced IT professionals to misconfigure cloud servers and essential security software (such as antivirus and firewall). In other cases, software are not upgraded to the latest available versions in an effort to eliminate potential exploits. Unfortunately, businesses that are unable to identify and rectify such issues well in time usually fall prey to the malicious intentions of bad actors.


3. Vulnerable Remote Workforce

Even though most employers have allowed their staff to work remotely, they are still unprepared against the kind of security breaches that can result from this major shift. Many remote workers end up using personal devices and insecure public networks (such as those available at local cafes) for work, more frequently than ever, making their devices highly vulnerable to hacking and phishing attempts.

In order to reduce the security risks that come with working remotely, your organisation needs to advice all the remote workers against using personal devices for work, and provide them with access to a secure, reliable VPN connection, so they can connect to the corporate network securely and keep the sensitive data from getting intercepted by bad actors.


4. Inadequate Planning

According to a recent study, almost half of the businesses surveyed lacked cybersecurity defence plans. Given this fact and the rise in cyberattacks, it won’t be wrong to say that if a business isn’t well-prepared and hasn’t experienced a cyberattack so far, it can expect one in the near future.

Many organisations also lack a disaster recovery plan, which essentially makes a huge difference between a business surviving or collapsing after a cyber attack. In other cases, the critical databases are not properly backed up, which can prove disastrous in the event of a data breach.

This is why it’s advisable to conduct regular cybersecurity audits to identify where your organisation stands currently and what level of planning and execution is needed to achieve the optimum level of security. It will also prove helpful in updating and implementing appropriate information security policies.


5. Inexperienced Staff and Weak Cybersecurity Strategy

As a small business with a limited budget, it can be difficult to hire the best IT security professionals for the job. This is why most startups and growing businesses end up relying on their in-house IT team for creating and implementing a sound cybersecurity strategy for keeping their business safe.

Unfortunately, more often than not, this decision proves very costly when a cyber attack actually happens. Not only does such a team fail to respond to the critical situation in a timely manner, but they also have no clue on how to ensure business continuity, due to their lack of experience.

To avoid such a situation at all costs, it’s best to either hire a cybersecurity expert or work with a cybersecurity consultancy that can meet your requirements, provide you with a reliable cybersecurity strategy, and ensure optimum protection for your business from cyber threats 24×7. If you decide to work with your existing IT team instead, make sure they at least:


Final Thoughts

By keeping in mind the common cybersecurity risk factors shared in this post and identifying security risks in your own organisation, you can effectively eliminate the vulnerabilities that may potentially lead to cyber attacks. With that being said, this isn’t a definitive guide to improving your organisation’s cybersecurity strategy, since one-size-fits-all approach doesn’t work well in this regard. In order to identify and fix any weak spots in your cybersecurity strategy, it’s best to work with a reliable provider of IT security services.

At Amazing Support, we provide proactive monitoring and IT support to organisations of all sizes and ensure our advanced cybersecurity measures take into account every possible vulnerability. With cutting-edge IT security tools and a dedicated team of knowledgeable IT experts, we are confident in helping UK businesses stay afloat in challenging times like these.

To learn more about how we can help your organisation avoid IT security risks, contact us today!

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