The threat of cybercrime continues. Expected to cost the world $6 trillion by 2021, Cybersecurity Ventures predicts, businesses need to prepare as much as possible for hackers.

But this is easier said than done, especially when an organization has limited funds. There are, however, a number of simple steps you can take to ensure your business remains cybersecure.

  • Install updates and secure networks

It's easy to delay installing updates. After all, you've got a lot of work to do that you'd probably categorize as more important. However, when you think of the cost of a potential cyberattack, nothing is more important than downloading the updates and patches designed to prevent them.

Equifax learned this the hard way when hackers stole the records of 145.5 million U.S. customers. They had been alerted to the security vulnerabilities in their systems two months before the breach happened, but hadn't used the necessary patch - leading to a huge cybersecurity breach.

It's also important to secure networks with firewalls and encryption, which converts information into code so that people can't read it.

  • Establish cybersecurity policies

Once you've taken care of the basics such as firewalls, you should then create a full cybersecurity policy. This should include guidelines for passwords, processes for reporting suspicious activity (such as what to do if employees receive a phishing scam), and rules around the protection of important company information.

Ensure you provide sufficient training in cybersecurity so that your staff knows what counts as suspicious activity, and add this training into your employee induction programs as well.

  • Understand the data you hold

In the digital age, it's easy to collect huge amounts of data without even realizing it. Think of all those customer addresses and phone numbers you have. This is all valuable information to a hacker, so it's important that you grasp exactly how much data you hold, the exact nature of it, and where it's located in order to have the best shot at protecting it.

  • Introduce guidelines around flexible work

Flexible work is an important part of the modern workplace, but that shouldn't be at the expense of cybersecurity. If using a bring your own device (BYOD) program, ensure that your employees' home equipment has the same cybersecurity and firewalls installed as the office. This also goes to those who have work from home arrangements.

Cybersecurity doesn't have to be complicated or expensive. NetFortris knows this. Our state-of-the-art hosted firewalls, secure voice and data services, protected unified communications and Wi-Fi are all created to keep US organizations secure from cyber threats. Contact us today to find out more.