Creating a dedicated plan and budget for cybersecurity is one of the most important steps your business can take to protect itself. But with the ever-changing landscape of cyber threats, it can be difficult to know where to start.

Here are eight ways you can boost your business’s cybersecurity this year:

1. Create a Dedicated Cybersecurity Budget

Allocating money specifically for cybersecurity will help ensure that your defenses are up-to-date and effective.

2. Implement Two-Factor Authentication

Two-factor authentication is an extra layer of security that requires users to provide two pieces of information before being granted access to an account or system. This can include something you know, like a password, and something you have, like a code sent to your phone.

3. Encrypt all Data

All businesses should encrypt their data, both in transit and at rest. Data encryption makes it difficult for hackers to access sensitive information if they were to gain access to your systems.

4. Educate Employees on Cybersecurity Threats

Your employees are one of your greatest assets when it comes to cybersecurity. They can be your first line of defense against attacks if they’re aware of the dangers and know how to spot suspicious activity. Hold regular training sessions to educate your staff on the latest threats and what they can do to protect themselves and your business.

5. Invest in Cyber Liability Insurance

Cyber liability insurance can help protect your business in the event of a data breach or other cyber incident. This type of insurance can cover the cost of litigation, customer notification, and credit monitoring services. It’s important to work with an experienced broker to find the right policy for your business.

6. Obtain Cybersecurity Maturity Model Certification

The Cybersecurity Maturity Model Certification (CMMC) is a framework developed by the Department of Defense to help businesses assess and improve their cybersecurity posture. The CMMC includes five levels of maturity, each with its own set of requirements. Certification at any level demonstrates that your business is taking steps to protect its systems and data.

7. Have a Plan in Place for Responding to a Breach

Despite your best efforts, there’s always a possibility that your business could be the target of a cyber attack. That’s why it’s important to have a plan in place for how you’ll respond if an incident does occur. This plan should include steps for notifying customers, conducting damage control, and strengthening your defenses against future attacks.

8. Regularly Test Your Defenses

Performing regular security audits and vulnerability assessments is essential for identifying weaknesses in your system. These tests can help you find and fix any vulnerabilities before they’re exploited by attackers.

By taking these steps, you can make significant progress in protecting your business from the ever-growing threat of cyber attacks. Cybersecurity is an ongoing process, but by investing in it now, you can help ensure that your business is prepared for whatever the future may hold.

If you’re not sure where to start, or if you need help implementing these tips, reach out to a cybersecurity expert who can assist you in creating a customized plan for your business.