Data breaches and fraud are issues that impact companies of all sizes, affecting nearly 25% of firms and resulting in an average fraud loss of $38,000. That’s enough to put a lot of small companies out of business.
You don’t have to go far to discover the consequences of a company’s failure to safeguard sensitive data. Equifax, Adobe, and Target have all suffered major data breaches that have harmed their reputations and financial lines.
This brings us to the importance of data security. Keep on reading for our breakdown of nine concrete strategies that will keep a lid on data vulnerability and protect your business.
1. Create a Data Security Strategy
Businesses of all sizes should have a written IT security plan. One that is as thorough and comprehensive as feasible. Rather than a hazy notion of policy and processes.
It’s critical that it not only explains how to safeguard data and resources. But, also what to do if anything goes wrong. An incident-response plan guarantees you’ll be one step ahead of the situation, rather than reacting rashly in the heat of the moment, which may make matters worse.
Keep it up to date and near at hand; there’s no sense in putting in the effort to write it up just for it to sit in a drawer collecting dust.
2. Invest in Anti-malware Protection
Protect your data by protecting your PCs and network against viruses. Malicious software that may cause significant data loss, malware can swarm on vulnerable computers without you even realizing it.
It is critical that you defend yourself against malware by following the steps below.
Start with PC security. Getting advanced security software secures your machine or network without sacrificing speed. Look for security that can handle identity theft, suspicious websites, and hackers all at once.
3. Make Sure Your Wireless Network Is Safe
If you have a wireless network, be aware that hackers are ready to attack it at any time. An encryption key may seem perplexing to people who aren’t very tech-savvy, but it’s a piece of cake for hackers to get around.
To safeguard your company, strengthen your router by utilizing the strongest encryption setting possible. And, turning off the broadcasting feature to make your network invisible. Hackers can’t hack what they can’t see; therefore they can’t hack what they can’t see.
4. Keep Passwords Safe
Even something as basic as a password may be improved to protect your information. Although they are more difficult to remember, the more complex your passwords are, the more security you can offer.
Keep your passwords at least 8 characters long. With numerals and other non-standard characters mixed throughout to make them difficult to guess.
Using credentials that aren’t words, but combinations of apparently random letters, numbers, and special characters. As well as changing them often, may assist.
This is where password managers truly shine. Since your workers won’t have to worry about forgetting their passwords or risk writing them down.
5. Set Up a Separate Strategy for Mobile Devices
Make sure you’re aware of the security concerns connected with workers coming in and using their own devices, which is more prevalent in small-to-medium-sized companies.
Create a strategy for the practice to safeguard it from legal ramifications and the expense of a mobile system. A clear, thorough policy that addresses problems like data deletion, location tracking, and Internet monitoring may be very beneficial.
Furthermore, companies should consider making enough provisions for workers who work remotely or use their own devices as part of their jobs. While these techniques may boost productivity and save costs, if they aren’t properly controlled, they can also bring new security risks.
6. Keep Your Cybersecurity Up-To-Date
There are several excellent cybersecurity solutions available to safeguard companies of all sizes against malware and other dangers. Look for premium software that can protect your network and all of the devices connected to it.
The money you invest will be well worth it since a security breach may cost you a lot more. Install all updates as soon as you have your cybersecurity program in place.
You also want to explore what is an MSP and think about getting one for your business.
7. Perform a Background Check
When it comes to recruiting new workers, be especially cautious; protecting against internal risks is critical for successful cyber security. Investigate their history to get a sense of the kind of person they are.
Also, keep an eye out for changes in the character of current workers since this may indicate additional problems.
8. Proper Data Disposal
A key element in minimizing the risk of a security breach is having proper procedures in place to dispose of data that is no longer needed.
By ensuring that the contents of retired and reused devices and storage media have been correctly deleted, sensitive business data will not be recovered in the future – and will not fall into the wrong hands.
Remember that just because you reinstalled your operating system, formatted your hard disk, or deleted particular files and folders doesn’t mean your data is gone. In reality, using publicly available technologies, your data is usually still fully accessible. Ensure your IT disposal company uses a technique that overwrites your data numerous times, making it unrecoverable.
Businesses should consider implementing a solid data destruction strategy that specifies the procedure for each use case (computers, phones, external hard drives, and flash memory) – whether these devices are redistributed within the company or destroyed at the end of their lives.
9. Use Cloud Computing
If your company lacks the time or knowledge to keep on top of all the security problems and upgrades that need to be addressed, a cloud service provider may be a better option.
Data will be stored, software updates will be applied, and security will be implemented by a trustworthy cloud provider. While this is unlikely to be appropriate for enterprise-level organizations, it may be a smart strategy for small companies seeking to defend themselves.
Cybersecurity Resources: Simplified
If you’re new to the world of cybersecurity, trying to protect your precious business data can seem like an impossible task.
Hopefully, our guide has shed some light on the nine main ways you can enhance your data security in a short period of time.
Check out this website for additional tips and tricks, which are all available to you in our technology section.