Cybercrime is one of the biggest security threats facing small businesses today. As nationwide companies are being hacked however, it is becoming more and more apparent that businesses need to make cyber security a major concern. Here is how to protect your business from cybercrime.
One major way that you can keep your business and sensitive information safe is by encrypting your data. Filesystems, across-the-wire transfers and stored data are examples of all the things that should be encrypted. When you encrypt sensitive data, it makes it much harder for hackers to get ahold of information. In the long run, your business will be better for it. Another practice you should adopt in your business model is to secure your the websites that you use from man-in-the-middle attacks, or, MITM and malware infections. MITM attacks is when a third party connector secretly relays and sometimes even alters communication between two parties. Using SSL’s, or secure sockets layer, which creates encrypted links help to secure you from such attacks. Other things you can do is set the secure flag for all session cookies and to scan your website for malware daily. In addition, hackers change their techniques quickly, which is a reason it seems that so many security updates occur so often. While it may be easy to ignore these updates, it is vital that you continually keep your security system up to date. Updates usually include the latest security measures, especially against areas that may have been the most vulnerable to hackers.
While it is important to keep your business’ data secure so personal and sensitive information is not leaked, another reason you would want to avoid an attack is because of the financial cost. In fact, in 2014, the average cost of a data breach for on organization was $5.9 million. For a general data breach, it was an estimated cost of $201 per compromised record. For many, a small business simply cannot absorb this kind of loss. This is why it is important to make sure your business is secure security threats.
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Cybercrime is one of the biggest threats and issues in small businesses today. One major way that you can keep your business and sensitive information safe is by encrypting your data.
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El Monte, CA
One of the most important parts of any business is the relationship you have with customers. With a positive customer relationship, your business will become trusted, which helps to ensure brand loyalty and a positive reputation, all of which can lead to increased sales and profit. However, an often forgotten aspect of building the relationship is customer data protection. Keeping their sensitive information or assets secure is of the utmost important. Here are some things you can do to help protect your customer’s data.
The best thing you can do to prevent a security breach is to implement preventative security measures. Data security should not only include general business data but personal data as well. Part of preventative measures also includes creating a customer outreach plan in the event that a breach does occur. It may be helpful to also create a breach incident plan. This way, in the event of a breach, everyone in the company will be on the same page when it comes to how to respond.
It is also important to note that when a business has a security breach, not only does it hurt your customers, it also hurts you company as well. In fact, according to a study done by the Ponemon Institute and Symantec, an average security breach will cost a business around $5 million. On top of this, many states have tough laws in place regarding data breaches and if you fail to meet disclosure laws, it can result in lawsuits and even more steep fines. Small businesses are especially vulnerable to security breaches since the fines associated with a breach are often too large to absorb. This is why it is extremely important that your business has a security system in place to help protect sensitive customer data.
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Customer Data Protection
Protecting your customers data should be your number 1 priority in establishing a good relationship!
9856 Baldwin Place
El Monte, CA