Cyber attacks on businesses have always been a hot topic. There have been so many attacks on well-known companies that people thought were bulletproof when it came to cybersecurity. In 2020, we witnessed attacks on Marriott, Twitter, and Nintendo. How could this have happened? Don’t these companies understand how important it is to keep their data safe? Of course they do, and they definitely had cybersecurity measures in place before getting hacked.

Companies often get hacked because of the actions of employees. It’s not enough for the IT department to set up strong encryption for sensitive data if employees use that data irresponsibly. Below are 6 common reasons why businesses get hacked, with some tips on how to keep your company safe.

Weak passwords

Pretty much all people are guilty of reusing old passwords and making up super simple ones, like “password555”. Company employees are no different, and they often fail to ensure the security of their passwords. However, this is a grave mistake to stop making immediately. With the number of different cyber attacks on the rise recently, your company can easily be the next victim.

Protect your employees’ and customers’ data by setting up a business password manager for your company. This tool will make securing business passwords as easy as ever. With just a click of a button, your employees can access all of their passwords in a single encrypted space. This means that they can use super difficult passwords without worrying that they’ll forget them.

Careless employees

Using weak passwords is just one side of the employee carelessness coin. The lack of awareness on cybersecurity has led to an increase in deceptive scams targeted at company endpoints. Hackers have always loved sending out emails, pop-ups, and links that aim to steal company data or infect a company network with malware.

To tackle this issue and ensure your company doesn’t get hacked through employee carelessness, you must ensure that they are prepared for such scams. Give a short guide to each employee with the main points on cybersecurity. Instruct them to:

  • Download antimalware
  • Always update their software
  • Look out for phishing emails
  • Avoid clicking on random links

Vengeful employees

Sometimes, employees can harm your company on purpose. We all know how angry we can get at our bosses sometimes. Impulsive acts of vengeance performed by employees can lead to horrible consequences for your business. That’s why data protection within a company is of the utmost importance.

To protect your company against data breaches, keep tabs on who has access to what information, especially the most important information. Employees working on finances should not have access to the company’s Instagram account. Limiting the number of people with access to sensitive data decreases the risk of that data being leaked.

Unencrypted wifi

Unencrypted wifi means that the door to an employee’s device is open to anybody with a basic knowledge of hacking. If a hacker connects to the same network as someone in your company and the network is unencrypted, they can place themselves in the middle of that connection and steal any data that the employee transmits.

The threat of unencrypted wifi is significant when employees are working remotely. A lot of people enjoy working from a cafe and connecting to its wifi, which may be unencrypted. To ensure your company does not get hacked through unencrypted wifi, you should:

  • Instruct employees not to connect to unknown wifi networks while working.
  • Get a VPN for your company. If someone in your company still connects to unencrypted wifi, a VPN will ensure that the data on the device is encrypted at all times.

Lack of antimalware and firewalls

Even if employees are briefed on cybersecurity, it’s likely that they will still put company data in a vulnerable position. An employee will probably click on a malicious link at some point or connect to an unencrypted network without a VPN. A firewall will filter everything coming into an employee’s device and block any malware from entering it. As an additional layer of protection, antimalware will scan the device and remove any malicious software it detects.

Software vulnerabilities

Most software, no matter how robust it may seem, has vulnerabilities that hackers can exploit to access sensitive areas of your business. This is where software updates come in. Make sure that everyone within your company always has the newest version of all operating systems and applications they use. In doing so, you protect your business from vulnerabilities that hackers have already exploited for other people or companies.

Conclusion

Now you know the main reasons why companies get hacked. It really comes down to employees and how responsible they are when handling important data and company devices. Weak passwords, lack of awareness, and failure to install crucial tools and software updates on company devices create huge vulnerabilities. 

To protect your company from harmful cyber attacks, familiarize yourself and all other people from your company with the main reasons that companies get hacked. If you start taking the protective steps mentioned throughout the article, your company will be almost unhackable.