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​How to Improve Your Company’s Data Security

Before you really need it

15Aug

As the Internet of Things grows, you’ll want to ramp up your company's data security. With advances in global connectivity, businesses must think fast about protecting their sensitive information in order to serve their clients’ best interests. On account of the complexity of today’s technologies, not many entrepreneurs know the right security measures to adapt. Here are a few ideas:

Take the Threat Seriously

Since we often hear of big, secure organizations getting hacked, it’s easy to assume that such companies are the only targets. However, small businesses share the same level of risk as big corporations.

Security breaches can cost small organizations as much as $100,000 to remedy. Unfortunately, the majority of small and medium sized businesses do not protect their electronic information sufficiently. Regardless of size, having your company and customer information compromised will inconvenience and disrupt your business operations significantly.

Plan for a Security Breach

As security hazards evolve, so must your safety measures. But protection is not the only concern. You must also limit the potential damage. Aside from keeping your systems updated with security fixes, installing endpoint protection software and data loss prevention tools offers a much-needed level of protection. As a fall-back plan, make sure you keep real-time backups of everything including your website and customer data. In this way, you can restore information and recover from any data loss, even if your systems will need rebooting.

Remain Secure, Vigilant and Resilient

Seeing as they focus on preventing and controlling the data your company produces, these principles are crucial when thinking about cyber security. Vigilance involves continual monitoring to ensure your systems are always secure while resilience is the ability to address and recover from security threats quickly. You can help develop a culture of security by creating awareness to potential threats and allocating budgets accordingly. Having a program to test and execute your safety measures and hiring hackers to help identify the potential dangers might be considered proactive solutions.

Avoid Public Wi-Fi

Using unsecured Wi-Fi networks presents hackers with an easy way to collect your information. Use secure connections for official business, more so those that require a login and password.

Add a Web Application Firewall

Considering the current state of cyber security, adding a web application firewall (WAF) for your site is necessary. WAF services can help protect your company against several vectors of attack including XSS vulnerabilities and DDoS attacks.

Set Up Alerts

Credit card service providers and banks have alerts. Once set, you can get alerts whenever a transaction exceeds the amount specified or when your balance gets to a certain level. However, these alerts can only be useful if you pay attention to them.

Verification

While having a unique and strong password for every account could make your data harder to compromise, it might be a major pain if you are the forgetful type. Instead, consider a common password theme or algorithm. In this way, odds are you'll remember the most complicated of passwords. Take full advantage of advanced login protocols. For instance, many financial institutions have apps that include fingerprint and facial recognition features while some accounts permit two-step authentication processes, all of which offer an added layer of protection.

Educate and Train Everyone Involved

Learn the latest security practices and trends. With this knowledge, you will probably be proactive when it comes to keeping your company secure. Around 80 percent of security-related issues are a result of employee behavior. This is why you need to ensure your staff is aware of every potential threat and well-trained on how to handle each, have them watch a video relating to each specific problem and include video captioning services in order to reach every employee's comprehension and understanding. Vet your business partners, particularly those with whom you conduct financial transactions. Making sure you uphold stringent cyber security protocols is also imperative.

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