How to Protect Your Business From Cybercrime in 2023

Cybercriminals target every business. They won’t care if it’s small; it’s still a potential target. Cybercrime poses a massive threat to businesses every year, and even as our security measures improve, the criminals get smarter. This means that we need more than basic security measures.

FraudTrac is an online platform where you can report online scams and fraudulent activity, but it’s important that, as a business owner, you learn to stop it in the first place. Here’s a cybercrime protection guide for 2023 for businesses of all types.

Encrypt Data & Back it Up

Cyberattacks increased by 600% globally during the pandemic. One of the biggest consequences of cyberattacks is the loss of data. This is why we’re starting off our cybercrime protection guide for 2023 with a simple recommendation–encrypt and back up your data. Encrypted data is jumbled up and indecipherable unless you have a key. Moreover, back up your data on cloud storage.

 rows of encrypted data

Implement Dual-Factor Authentication

No cybercrime protection guide for 2023 will be complete without mentioning dual-factor authentication (2FA). It adds an extra element of protection when logging into any device or account. 2FA makes it difficult for hackers to bypass a network’s defenses and access your credentials.

Secure the Company’s Wi-Fi Network

Wi-Fi networks are an easy way to hack an individual or an organization. According to NordVPN, 25% of travelers get hacked due to unsecured Wi-Fi networks. Securing a company’s Wi-Fi network is important to protect against cyberattacks because it helps to prevent unauthorized access to the network and the sensitive information stored on it. By securing the Wi-Fi network, a company can prevent unauthorized access and protect its sensitive information from being compromised.

Wi-Fi and network symbol

Implement Strong Firewalls

Firewalls can block incoming traffic from known malicious IP addresses and prevent malware from spreading within the network. Additionally, firewalls can monitor and control outgoing traffic to prevent sensitive information from being exfiltrated. It also can be set to block certain types of traffic known to be malicious.

Cybercrime is rising, and one of the biggest targets is businesses. As they move forward in 2023 and focus on improving their bottom line, they must also figure out how to protect themselves from rising threats.

One sure way is to report scams online so that responsible entities can take note and eradicate them. FraudTrac is an online platform for reporting frauds, scams, and cyber-attacks. File a complaint today and use our online scam tracker to check the progress.

Get in touch with us for more information and to report online scams today!

 

POPULAR POSTS

How To Recover From Identity Theft

How To Recover From Identity Theft

Identity theft i... Read More

Protecting Your Online Privacy: 6 Tips and Tricks

Protecting Your Online Privacy: 6 Tips and Tricks

Online privacy ha... Read More

Why Cybersecurity Should Be A Top Priority For Businesses

Why Cybersecurity Should Be A Top Priority For Businesses

In our increasing... Read More

The Importance of Two-Factor Authentication in Today’s Online Landscape

The Importance of Two-Factor Authentication in Today’s Online Landscape

In today's digita... Read More

RECENT POSTS

How To Recover From Identity Theft

How To Recover From Identity Theft

Identity theft i... Read More

Protecting Your Online Privacy: 6 Tips and Tricks

Protecting Your Online Privacy: 6 Tips and Tricks

Online privacy ha... Read More

Why Cybersecurity Should Be A Top Priority For Businesses

Why Cybersecurity Should Be A Top Priority For Businesses

In our increasing... Read More

The Importance of Two-Factor Authentication in Today’s Online Landscape

The Importance of Two-Factor Authentication in Today’s Online Landscape

In today's digita... Read More