Why Entrepreneurs Must Ramp Up Cybersecurity for themselves and clients

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It’s critical to ensure your devices are locked down. Here are 2 things to consider:

Our lives today are so technology dependent that it demands we are literally on our devices all the time. Understanding why doesn’t take analysis. In the U.S. alone, over 250 million adults’ own smartphones with an average daily usage time of about 4.5 hours. On a global scale there are 6.9 billion smartphones, 47.1% of private households own a PC and 5.3 billion internet users.

The growing global interconnectivity created opportunities for hackers and cybercriminals to prey on our devices and networks to steal sensitive personal and company information. As such. it is critical for people to be informed about their device security and as a professional it is INCUMBENT upon you to take the initiative. Yett the statistics show we are lagging.

A study by cybersecurity solutions company Kaspersky put the percentage of global smartphone users without antivirus protection at 40% . That’s an alarming number of smartphones, especially if these devices are hooked up to the same network as other phones or computers which may not have some cybersecurity features enabled.

While hacking and data theft attempts are on the rise, there are ways to protect yourself from becoming a victim of cyberattacks. This is, of course, assuming you already use strong passwords, deploy two-factor authentication, filter people who get on to your network, and take other rudimentary security measures.

1. How regularly do you update your apps and devices?

It goes without saying that many fail to% take this as seriously as they should. Another study done by Kaspersky laid out participants across a spectrum of responses they gave to how they responded to updates. The findings showed that about 45% would install device updates daily on their work and personal devices, about 24% weekly, 18% monthly, 11% twice a year, and just under 3% never install updates. WOW!

For the latter 3 groups I surmise they love the familiarity of a device and are worried that an update could ruin everything. However, updates are crucial, because they often come with more effective security patches to remedy vulnerabilities in a device’s system. Ignoring or delaying these updates puts a device at much greater risk, especially since you most likely have all your sensitive accounts, like your banking or company information, logged in on it. 

The potential damage if your device is hacked or stolen is not worth the risk. The commitment to regularly updating your operating system should also include your apps and your browsers, as these are possible doors for cybercriminals to leverage.

2. Encryption significantly reduces the possibility of data hacks or theft!

Episodes of people losing their sensitive data to identity thieves are rampart!  Worse, companies are not left out, losing on average $9.48 million per breach. This is just for U.S. companies.

Deploying encryption tools within your devices is crucial to protect this sensitive data by overwriting the data on your personal computer or network. You can decide how much of your info you want to encrypt. You could encrypt a select number of files or folders, or your entire disk, and external storage units like your flash drives.

Some operating systems come with inbuilt encryption capabilities, like BitLocker for Windows or Apple’s FileVault. But sometimes, depending on the sensitivity of your line of work or your personal security needs, you may need an encryption solution that goes further.

Tools like Cradle Messenger, for instance, solve an encryption issue for people who want to remain anonymous and maintain the security of their chats and interactions with other people. This is a secure chat app that focuses on strengthening the promise of shielding users from past communications so that records of their correspondence will be untraceable. Many popular chat apps today offer message security with features like disappearing messages yet flaws and vulnerabilities in the technology still exist. When subjected to intense forensic analysis, many of these apps have been known to divulge their secrets.

Most secure chat apps prioritize the encryption of message transmission. But what happens if someone else gets ahold of your device or that of the receiver? According to Elizaveta Shevchenko, security research lead at Cradle. “Our app overwrites data multiple times on the hard drive using the data sanitization standard required by the Department of Defense, and also overwrites the RAM after every session with random data or zeroes. This tool is perfect for activists, whistleblowers, journalists, and other roles that handle sensitive information with possible life-altering consequences. This way, even if their devices fall into the wrong hands, it would be impossible to extract any information from them.”

What about when you’re browsing online? Using a VPN is a MUST, because of its ability to encrypt web traffic and shield your IP information, among other things.

As technology evolves, cyberthreats are becoming more sophisticated. Cyber insecurity sits among the top five global risks over the next two years. Operating system providers and several app companies keep pushing the boundaries of security innovation to keep up with emerging threats, and they provide these to users, typically for free.

The onus is on the user to be proactive about developing a habit of always updating their devices and apps that could expose them to cyber risks while educating themselves on security best practices to mitigate the frequency or consequences of an attack.

Our Cybersecurity-first initiative ensures that your business is protected from the ever-evolving threats in the digital landscape.
 
Richard Freiberg
Profitability Consultant
Richard Freiberg CPA PC
Phone (980)339-3352
Cell (914)393-0033
www.rmfreibergcpa.com
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