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Cyber attacks have long been a grim reality for Swiss companies, and although the costs and associated damage can be significant, many companies underestimate the severity of the situation.
Increasing networking and threatening hacker organizations make it more and more difficult to guarantee the security of companies. Those affected risk considerable costs and interruptions to their business because of cyber attacks. In Switzerland, too, SMEs should deal with the risk of cyber attacks to make sure they don’t become an easy target of one.
A cyber attack is an unauthorized attempt to access a computer or network. With such attacks, hackers try to steal the digital property of their victims, cause damage, or demand ransom money.
If the hackers are successful in their attack, this almost always results in a violation of data protection law. This will come to bear at the latest with the revision to take effect from September 1, 2023.
As a rule, hackers use one of two standard methods for their cyber attacks: Phishing or malware. In the case of phishing, the attacker tries to gain access to confidential information such as usernames and passwords through falsified emails or websites. In the case of malware attacks, malicious software is used so that the hackers can gain control over the computer of the victim.
However, there are also other types of cyber attacks which are less widespread. One example is a denial-of-service attack (DDos attack), where hackers flood the IT systems of a company with a huge amount of data. This can result in business interruptions. Another example are man-in-the-middle attacks, where the information between two parties is intercepted and manipulated. This leads to a change to payment data or the theft of sensitive information.
These are the most common signs of a cyber attack:
This list is not conclusive.
There is no 100% guaranteed protection against cyber attacks. However, with the right preventative measures, you can minimize the probability of falling victim to one. Here are five tips on how to protect yourself against cyber crime, which are also easy to implement in your company.
1. Keep your software up to date
The more recent your software and systems, the more secure they are. Most software features automatic updates – make sure you activate them! In this way, you ensure that your applications are always state of the art and vulnerabilities are fixed in a timely manner. These make cyber attacks considerably more difficult.
2. Protect your network
A firewall protects your company's network against the dangers lurking on the Internet. Make sure that your firewall blocks all data traffic from the Internet – unless you expressly allow it.
3. Regularly back up your data
Making regular data backups is absolutely essential: In this way, you can at least be assured that your data is not completely lost after an attack. Define a data security process that suits you and follow it consistently. Make sure that you back up your information at least once a week and save the data in a safe place offline. Check whether the saved data can be replicated, i.e. that they function.
4. Make your staff aware of the importance of making backups
When it comes to cyber security and preventing cyber attacks, people are the decisive factor. Regular training and internal communication campaigns make an important contribution to dealing with a company’s IT and data securely.
5. Use good anti-virus software.
It is up to you which anti-virus software you use. But make sure that it is active and that the software is up to date. If you carry out a daily scan on top of this, you are well prepared to ward off attacks and can react to them fast.
Nadine Graf is a theme manager and writes texts for AXA on topics related to insurance and beyond.
