New Year’s cybersecurity resolutions that every startup should keep
Cybersecurity tips for startups to evade hacks: use password managers, MFA, update software, backup data, be transparent.
Amid a year rife with data breaches and ransomware attacks, even corporations like AT&T and Ticketmaster faced significant cyber incidents, exposing millions of customer records. Startups can learn from these events by adopting prudent cybersecurity measures such as using password managers to avoid password reuse vulnerabilities and embracing passkeys to resist phishing threats.
Implementing multifactor authentication (MFA) can significantly enhance account security, as simply using passwords has proved insufficient, contributing to compromised personal records. Companies like Snowflake illustrate how a lack of MFA can lead to severe data breaches, emphasizing the importance of using authenticator apps over less secure SMS codes.
Additionally, keeping software updated to counter vulnerabilities, regularly backing up data to thwart ransomware, and exercising caution with unexpected phone calls are crucial steps. Being transparent about security incidents allows startups to maintain customer trust and help others guard against similar attacks, while avoiding reputational harm and fines.