Cyber Security – is your business protected?

We live in a digital world with hackers and scammers doing their best to breach security and compromise data – and then ransom it back to you. In recent years there have been a number of data breaches, some significant, but it’s not just the data that gets comprised, but your customers and suppliers trust too. Even worse, depending on how serious the breach is, you can damage your company’s reputation and some consumer’s will choose to do business elsewhere.

What information is worth hacking?

You might think that you don’t have any information that’s worth hacking, BUT it’s the customer information in your CRM system, the supplier details in your invoicing system and the financial data in your accounting software. It’s your bank account details, your confidential client information and your company’s secret intellectual property or hard-won R&D findings. All of this is worth hacking and holding for ransom (or selling it to a competitor).

So it would make sense to take cyber security seriously – but most people don’t think about it beyond backing up their data. Here are some things to consider in your business, to improve your cybersecurity.

1. Make cyber security a company wide issue

Your cyber security is only as good as your weakest member of staff’s security knowledge, so make sure to have clear protocols and processes in place for storing company data. You’ll also need to train your staff on these protocols and processes, regularly as it’s human nature to become more lax over time. The better prepared your staff are, the less likely it is that you’ll have a security incident or accidental data breach.

2. Save important data securely

Where are your employees saving their files/data? Is this on a shared drive or is it saved on their laptop/computer hard drives? If it’s the latter, you’re only one hack away from a major security breach. If you haven’t already, set up clear guidelines on where files should be stored. Ideally, all confidential information should be stored on a shared drive that is backed up and requires authentication if you’re trying to access it remotely. You can also limit who has access to any confidential folders and content to further minimise the risk of it being exposed.

3. Use proper authentication and encryption

Set up two-factor authenicationor even multi-factor authentication for access to all your cloud and SaaS tools. Make sure to have proper data encryption of any confidential information that’s shared.

4. Keep all devices and hardware secure

If you have employees working remotely, then develop a policy that means their devices are password protected and that they don’t share the password with their spouse, partner, family, flatmates etc. They should always be using the latest versions of applications and make sure to automatically enable installation of updates. These devices should also NOT be left unattended anywhere – car, coffee shop or hot desks.

5. Use a secure network connection

You can further enhance your security by using a secure network connection. This means that when your staff are connecting to work applications, databases and shared folders, they always use the company network or an approved virtual private network (VPN). By using a secure network connection, you greatly reduce the chances of your data being intercepted and stolen, with VPNs allowing employees to log in securely when off-site or working at a client’s premises.

Speak to IT security experts and protect your data

Keeping your data safe and secure is now a foundational need for any business. If you want to reduce your security worries, it’s sensible to speak to a cyber security expert. They will be able to review your current systems, networks and security practices and advise you on the key actions that are needed to tighten up your security.

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by Birgit Hoeglinger • 11 April 2025

Selling your business is a huge milestone—one that marks the culmination of years of hard work, dedication, and vision. But once the deal is done and the dust settles, you may find yourself wondering, “What’s next?” Exiting your business opens up a world of possibilities. Here are five potential pathways to consider as you embark on this new chapter of your life. 1. Enjoy Retirement For many, selling a business is the gateway to retirement. After years of being immersed in the day-to-day demands of running a company, retirement offers the opportunity to slow down and enjoy life at your own pace. Whether it’s traveling, spending time with family, or taking up new hobbies, retirement allows you to focus on the things that bring you joy. Planning ahead—both financially and emotionally—will ensure you make the most of this well-earned time. 2. Invest in Other Businesses Selling your business doesn’t mean stepping away from the business world entirely. Many people choose to invest in other businesses, whether it’s through buying equity, becoming a silent partner, or supporting start-ups. Your years of experience give you a unique perspective, and investing allows you to stay connected to the business community while diversifying your income streams. 3. Start a New Venture Once an entrepreneur, always an entrepreneur! If you have a new idea or are passionate about exploring a different industry, selling your business can provide the resources and freedom to start fresh. Whether it’s launching a tech start-up, opening a café, or pursuing an entirely new market, starting a new venture keeps your entrepreneurial spirit alive. 4. Become a Non-Executive Director Another pathway is to leverage your expertise and become a non-executive director. Many businesses value the insight and guidance of experienced business people. As a non-executive director, you can provide strategic advice, mentor leadership teams, and help shape the future of other companies—all without the full-time commitment of running a business. 5. Pursue Philanthropy For some, selling a business is an opportunity to give back. You might choose to support causes you care about through charitable donations, creating a foundation, or volunteering your time. Philanthropy not only helps make a difference in your community or the wider world but can also provide a deep sense of fulfilment and purpose in your post-business life. Charting Your New Path Exiting your business is both an ending and a beginning. It’s a chance to reflect on everything you’ve achieved and to embrace new opportunities that align with your goals and passions. Whether you’re ready to relax and retire, dive into new ventures, or make a positive impact through philanthropy, the choice is yours. Whatever path you choose, careful planning will help ensure your next chapter is as rewarding and successful as the one you’ve just completed. If you’d like support in exploring your options or preparing for life after your business, don’t hesitate to reach out us for guidance.

How to Protect Your Business from 2025's Cyber Threats

by Birgit Hoeglinger • 7 April 2025

Cybercriminals are constantly finding new ways to trick businesses, and their scams are harder than ever to spot. Small businesses are especially at risk, often seen as easy targets due to limited resources or weaker security. But with the right precautions, you can protect your business and prove the scammers wrong. Be Aware of New Threats Staying informed is your best defence. Here are some of the latest cyber threats: AI-Powered Scams : Scammers now use artificial intelligence to create convincing phishing emails and fake websites that are difficult to distinguish from the real thing. Impersonation Attacks : Posing as banks, government agencies, or suppliers, attackers aim to trick you into sharing sensitive information. Deepfake Technology : Fake audio and video messages that mimic trusted sources are becoming more sophisticated and harder to detect. Train Your Team Educating your team is crucial. Teach them to: Spot warning signs, like urgent requests to act quickly. Double-check email addresses and URLs before clicking on links. Be cautious with unusual requests, even if they seem legitimate. Regular training sessions and phishing simulations can help your staff stay alert and recognise scams before they cause harm. Protect Your Business Basic but effective security measures can go a long way. For example: Enable two-factor authentication to secure your accounts. Keep your software and systems up to date. Use resources like the Business Online Security Series for practical cybersecurity tips. It's also wise to consult with your IT provider to evaluate your business’s vulnerabilities and develop a cybersecurity training plan for your team. Taking action now can save your business from potential threats while safeguarding your reputation. Stay informed, train your team, and strengthen your defences!