Anxious to learn more about business data protection?

Did you know that cybercrime is responsible for over $1.4 billion in losses each year? Yes, you read that correctly. That’s billion with a “B.” And that’s just in the United States.

Worldwide, cybercrime accounts for tens of billions of dollars in losses each year. What about you? Have you been affected by a cyber breach in the past ten years?

The only way to ensure you aren’t hit by an enterprising hacker. Stay up to date with the latest digital security protocols and use them. Below, we’ll outline the easiest and most effective actions you can take to boost security. Read on.

Email Business Data Protection

The most common types of data breaches include the following:

  • Real estate and rentals
  • Corporate
  • Non-payment and non-deliver
  • Confidence fraud and romance fraud
  • Investment fraud
  • Advance fee
  • Identity theft
  • Email account compromise
  • Personal data breach
  • Credit card fraud

Unfortunately for most businesses, breaches most often start with employee emails. If one of your employees opens an infected email attachment or clicks on an infected link, game over. That employee’s device is now infected which means your business is infected.

Black hats can use the information they gather from this one breach to hack into your other systems. They can download information on customers, private details, and bank information. Fortunately, there’s a simple solution.

Don’t. Click. The attachment.

Seriously, if you don’t know who the sender, or if the email seems shady, get rid of it. If you know the sender but something seems off, contact them first to make sure everything’s on the up and up. Make sure your employees do the same whenever they use company devices.

Create a Strong Privacy Policy

Creating a bullet-proof data protection policy is a must. They ensure you and your employees always follow certain routines. Those routines exist to keep you from behaviors that leave doors open for cyber thieves.

If you don’t know the elements of good cybersecurity policies, start there. You need to know which behaviors to avoid and why. Build your business on a solid footing.

Privacy policies are part of that.

Your customers need to know you’re protecting their information. Give them a policy and explain how you’re keeping their personal information safe. Tell it to them using a language they can understand rather than speaking in legalese.

With recent changes to Europe’s General Data Protection Regulation, or GDPR, you’re now legally obligated to tell European internet visitors what data you’re collecting. US data protection laws haven’t caught up yet, but there’s talk they soon will.

Don’t be shy. Be straightforward with all your customers. Tell them what information you’re collecting, as well as how you’re keeping it safe.

Rely on Multiple Authentication Methods

Authentication is the means by which you confirm a user’s identity. Essentially, you compare a user’s credentials against a database full of authorized identities. Only then do you grant user-access to your system or application.

One of the most common examples of multiple-step authentication is the use of passwords plus SMS verification. That’s when you type your password into a given website and the website sends you a second password via text message.

You check your smartphone for the new text and accompanying password. Then you type that into the second password verification box on the website before you can get in.

Other types of authentication include security questions, digital certifications, or facial recognition. More exist, but you get the idea.

Clean Up Your Posts

One of the easiest ways for hackers to discover passwords and other vital details is through social media. Not just yours, your employees’ also.

Slips are common. People often like to talk about when they are next taking a vacation or what project they’re working on next. These details are gold to criminals.

They know when your office or home will be empty if they plan to break and enter. Or they know if it’s worth their time to hack into your system to steal your latest project. The best way to keep them out is to keep them in the dark.

Keep your details out of your posts. Don’t talk about work. And avoid any information they can leverage to steal from you.

Upgrade to HTTPs

Some of you are still living in the dark ages. If you haven’t already upgraded your website or online store with HTTPs, now’s the time.

An HTTPs website comes with an SSL/TLS certificate installed on its server. This certificate tells the user that the server is set up in such a way that all data transmitted and received is encrypted. That means that all the information that’s sent from the server to the browser (and back again) is safe.

No third parties can eavesdrop on this type of private communication.

Beware the Smartphone

Smart devices can be hacked. That means your employees may be transporting contagious devices into your business. That’s actually alright, so long as their smart devices don’t interact with your business’s electronic devices.

Unfortunately, it’s common for employees to log onto business-related accounts with their cell phones and tablets. That leaves you with two choices.

Either make it impossible for them to access those accounts with personal devices. Or ensure their smart devices are protected and uninfected. The later usually requires an IT department and a ton of work. The choice is yours.

Monitor Your Accounts

Thieves may still break in. Even after all the multiple-step authentication, file sharing security, and proper password procedures. They may still find a crack in your security.

That’s why it’s imperative that you keep a close eye on your accounts. Look for unfamiliar activity and keep a security measure in place to freeze your account if you should find said activity. It’s the only way to keep a bad situation from growing worse.

What’s Next?

Now that you’ve learned a few tricks to boost your business data protection, it’s time to put them to good use. Start now. If you aren’t using all the strategies listed above, then you already have a hole in that cybercriminals can take advantage of asset protection.

Did you find the sections above informative? Then take five minutes to browse our huge library full of other tech and internet related articles.

So long and good luck!

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