When you talk about cyber security with certain people, the phrase “crime wave” gets thrown around every ten seconds. But when you consider just how much money some of today’s companies are losing due to cybercrime, “crime epidemic” would be a better term to describe the current situation.
According to one of the leading US insurance companies Lloyd’s, cyber-attacks cost US businesses more than 400 billion dollars per year. The scary thing is – the real number could be even bigger. But even if it’s true, the fact is, true costs of cyber-crime related incidents have quadrupled in the last three years.
So what can you do to prevent these incidents before they even occur and stop hackers and other cybercriminals from attacking your website?
Use Two-Factor Authentication
Introducing the 2FA at your login page should be the first security measure every website owner should take. And what’s this authentication? Well, it’s a security measure that requires the website admin or user to provide login details about two completely different components.
You, as a site owner would decide what these two are. For instance, it could just be a regular password, followed by a set of random characters or secret code. If you’re using WordPress to host your site, you should definitely use the WP Google Authenticator plugin, because it’s quite easy to use and implement.
Use SSL Encryption
SSL stands for Secure Socket Layer, and it’s one of the smartest security steps you could take to protect the admin panel. This encryption ensures that your data securely transfers between your servers and the user and makes it difficult for hacker to breach your connection and steal any information.
And this encryption will not only keep your site safe, it will also help your site rank higher on Google, without any SEO what so ever. You see, Google ranks websites with SSL encryption higher than those without it. Which means that with this encryption, your site will also get more traffic – and who doesn’t want that?
Protect Your Passwords
No matter how sophisticated your security measures and apps are, if you and/or your staff members are using weak passwords, you have an obvious Achilles heel. For starter, you should use a VPN like NordVPN, to encrypt all of your online data, and reinforce your password security.
Another way to stop these breaches is to give your employees passwords which they don’t know, because a credential vault would create highly secure passwords, and even change them on a regular basis. The users (your employees in this case) would just need to validate their credentials.
As security providers make progress in certain areas, cybercriminals will move their attention and focus their effort on new vulnerabilities such as DbM distribution, social engineering and the Internet of Things. But many people will still use basic attacks, so you should not ignore these as well.
What’s more, we’ll probably see a couple of software providers launching products with gaping security holes in them. According to Symantec Corp. research, there’s a new zero-day vulnerability discovered every week, so you should definitely keep an eye out for these vulnerabilities too. By Thomas Milva