Protect Your Business: Smart Cybersecurity Steps Businesses Should Take

October 24, 2025

In today’s digital world, even small and midsize businesses face the same cyber risks as major corporations. From phishing scams and payment fraud to ransomware and insider threats, one successful attack can halt operations and damage customer trust. During Cybersecurity Awareness Month, Ridgewood Savings Bank encourages business owners to take proactive steps to safeguard their business.

Strengthen Password Protection

Weak or reused passwords are one of the easiest entry points for hackers. Require strong, unique passwords across all systems and enable multifactor authentication (MFA) wherever possible. Password managers can simplify this process and help prevent employees from recycling old credentials.

Train Your Team to Spot Scams

Phishing and business email compromise (BEC) attacks are on the rise. Teach employees to verify sender information, be wary of urgent or unusual requests, and never click links or download attachments from unknown sources. Regular phishing simulations and training can make a big difference.

Safeguard Payments and Accounts

Cybercriminals often target business payments through tactics like invoice manipulation, wire fraud, and impersonation. To help reduce risk, establish strict internal controls such as dual approval for transactions, verification procedures for payment changes, and regular reconciliation of accounts. Educating staff on fraud red flags and maintaining secure vendor communication channels can also be key to protecting your financial operations.

Secure Mobile Devices and Wi-Fi

Encourage employees to avoid public Wi-Fi for business purposes, use VPNs when traveling, and keep devices encrypted and up to date. If your business uses smart or connected devices, ensure they’re protected with strong passwords and separate from critical systems.

Have an Incident Response Plan

Even with strong defenses, incidents can occur. Develop a response plan that outlines roles, communication steps, and recovery procedures. Conduct regular drills and consider cyber liability insurance to help manage costs and disruption.

Cybersecurity isn’t a one-time project—it’s an ongoing commitment. Ridgewood Savings Bank is proud to help local businesses strengthen their defenses with resources like our Cybersecurity Strategies for Business eBook.

Download the eBook to learn more actionable steps for protecting your business.

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