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How to Protect Your High-End Business from Cybercrime?

Cybercrime is increasing, your high-end business may be at risk. You’ll need to ensure that all levels of security are properly implemented.
How to Protect Your High-End Business from Cybercrime

Introduction

Cybercrime is among the leading dangers to a business’ success. Cybercrime entails gaining unauthorized access to a computer system or an information database. Cyberterrorists seek to steal, corrupt, alter or use data for a ransom. So far in 2022, cybercrime has caused businesses and individuals a total loss of $6 trillion.

High-end businesses, such as selling pricey handbags and diamond stud earrings, face the highest risk of cyber-attacks. Their high revenues make them particularly attractive to cyberterrorists. As an owner of a high-end business, it is in your best interest to make significant investments in cybersecurity.

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As technology has advanced over the years, so have the cybersecurity tactics in use. Cybersecurity tactics evolve because the cyber-attack methods used by cyber terrorists change. It is, therefore, important to ensure that your business’ cyber security plan is up to date with the current cyber security trends.

In this article, we look at some of the ways in which one can protect their high-end business from cybercrime.

Creating User Awareness

A recent study revealed that about 98% of the cyber attacks that were orchestrated and performed relied on social engineering. Social engineering uses knowledge of human psychology and thought processes to manipulate people into doing what they want.

In the case of cyberattacks, social engineering can take various forms. Attack methods such as phishing, scareware, baiting, etc., are examples of attack methods that involve social engineering.

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Teaching users about the use of social engineering to access computer systems is the best way to counter cyberattacks. The users should learn how to identify potential malicious links and emails.

With the knowledge of various social engineering attacks, users should be able to learn some basic prevention skills such as not clicking on unsecured links. While creating user awareness, it is also vital that you focus the learning on the specific industry that the business is in.

For instance, cyberterrorist loves to target the jewelry industry, specifically, diamonds. This is because the price value of such high-end jewelry only accumulates as time passes. Also, it is evident that those who can afford one is relatively wealthy.

A wedding day diamond set or a diamond engagement ring could easily quadruple its price in the next 5 years. Hence, making it the perfect item for attackers to hide and keep. They could also target the personal information and data of those who bought it to conduct scams.

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This is why it’s important for the handlers of mined diamonds or manufacturers of lab-grown diamonds to know the basic counterattacks during security breaches. Relevant user awareness skills for the industry could be how to secure their sales system against attackers.

The workers can also learn how to secure the database. The business database can contain their industrial designs and detailed information about the types of diamonds they manufacture.

Defensive Computing

Defensive computing is the intentional use of computer systems while refraining from performing actions that can put the system at risk of a cyber-attack. Defensive computing is a method of safeguarding a business against cyberattacks that have been in use for several years.

Such defensive computing methods and tips have evolved over the years. Their evolution helps ensure that the security methods stay up-to-date with new attack methods. All users should be aware of the various defensive computing tactics available to secure a system.

A well-detailed defensive computing checklist should be offered to the workers. The checklist will help them become accustomed to these methods.

Regular Software and Operating System Updating

Regular Software and Operating System Updating


In software engineering, the concept of having perfect software is unheard of. Developers always have the chance to make improvements that will better some functions. Due to this, they release system updates. The updates ensure that developers offer the best they can to the clients.

As a business seeking to secure your systems against cyberattacks, it is important to install the updates of the software running on business computers. Most of the time, software updates include security patches that aim to improve software security. Failing to ensure that software is up to date can expose your business’ system to cyberattacks.

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Speaking of updates, it is also important to install available updates for the operating system. OS updates include security patches that fix existing security loopholes and bugs. The operating system updates can also include new security features. The new security features secure the computer against new attack methods.

The Use of Intrusion Detection Software

Protecting your business against cybercrime can also entail being on the offensive side. Intrusion detection software keeps track of all data flows and data accesses in a computing system. If the intrusion detection software detects unauthorized access to the system, it notifies the system administrator.

The implementation of intrusion detection software helps businesses, like diamond proposal rings or engagement rings distributors, be aware of any cybercrime. Alerting the system administrator gives the system administrator the chance to secure it before any damage is done.

Some system administrators set their systems to perform a set of predefined actions if any case of intrusion is detected. Most businesses set the system to shut down indefinitely if the intrusion detection software raises an alarm. Such measures can help significantly secure a high-end business from any form of cybercrime.

Implementation of Network Security

Computer networks can be a loophole for a computer system’s security. This is because data transmission and communication signals are sent through the network. Due to this, a business’ network security must be top tier.

Network security can be implemented from two fronts, that is:

  • Network access
  • Data transmission

Network access aims at limiting access to the network. This helps ensure that cyber terrorists do not gain access to the network and use it for malicious purposes. Access control is implemented through the use of private, password-protected networks. To ensure that the network access is secure, the system should use the modern password standard, WPA-2 enterprise.

Data transmission aims at ensuring that if a cyberterrorist gains access to data during transmission, the data cannot be used. This is achieved through the use of data encryption and proper management.

Conclusion

As a business owner, it is important to know that protecting your business against cybercrime is not a one-time task. Business protection against cybercrimes is a continuous process.

It involves the implementation of cybersecurity methods and then analyzing their efficiency. If the efficiency of the implemented security methods drops after a while, new security methods will have to be used.

This goes to show the dynamic nature of cybersecurity. To be on the safe side, you can opt to hire a permanent cybersecurity expert for your business. The cybersecurity expert will ensure that your business’ cybersecurity methods are always up to date and effective.

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Anjan kant

Outstanding journey in Microsoft Technologies (ASP.Net, C#, SQL Programming, WPF, Silverlight, WCF etc.), client side technologies AngularJS, KnockoutJS, Javascript, Ajax Calls, Json and Hybrid apps etc. I love to devote free time in writing, blogging, social networking and adventurous life

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