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For Your Small Business May 12, 2021

A definitive guide to protect sensitive data from cyber attacks in your business

Cyber-attacks are constantly rising, and small businesses are most vulnerable to such threats. Data theft, corporate information leak, and financial losses are occurring at an alarming rate.

Every 39 seconds, there is a new cyberattack on the internet. As per the studies, over 30 million attacks are reported yearly, and your business can also be affected by these predators anytime.

Data storing of every business is reliant on technology, and cyberattacks are evolving danger to your sensitive data. The number of data breaches and losses has increased by 300% reportedly. Even many gigantic companies such as Yahoo and eBay have faced crisis due to cyber-attacks.

With the high number of attacks increasing, it's essential for every company to take the help of IT security to protect their data. Essential solutions are helping business owners to secure their day-to-day operations.

Here are a few measures you can take to secure your business from such threats:

Secure your devices

Ensure your company's systems are secure and software keeps updating regularly. The regular updating may contain security upgrades to protect the data from vulnerabilities.

Install security software on your devices. The security software will prevent your devices from such issues. Make sure your systems have anti-virus, anti-spam filters in them.

Encrypt information

Before storing or sending data online, never forget to turn on your network encryption. The encryption process converts the data into a secret code, and no outer elements can reach it. This can prevent the risk of theft and destruction.

You can encrypt your data by installing a virtual private network (VPN) on your devices. It establishes a secured connection between your device and the internet connection you use. So, if your employees use public networks to transfer the data, it would remain secure.

Invest in cybersecurity insurance

Cyber insurance can protect your business from a variety of online predators. Recovering the attacks and database can be more costly than investing in security. IT security professionals provide a mission-driven cybersecurity investment to the companies. Their service can help you monitor cybersecurity problems and will cover business liability. They can ensure the protection of your business's sensitive data.

Educate your employees

What if any of your employees uses weak passwords and fails to hold to the information? That's the reason why it's compulsory to educate them about cybercrimes.

Educate them to identify the fake calls and emails, maintain strong passwords, and report cyber threats. The training and robust security policies can safeguard your organization from variant attacks.

Set up filters

Consider using web and email filters on your devices. These spam filters will help your employees to deter hackers. Spam and phishing emails can infect your device and can steal sensitive data. If your company receives any spam emails, consider deleting them instantly.

The abovementioned measures can help your business avoid the following threats:

Safety of economic data

Financial theft is one of the biggest threats. The theft of intellectual property and disruption in trading is the most common crime attempted by web attackers. The above elements can provide safety to your financial data of the company.

Security of regulatory data

Leakage of ‍GDPR and other personal data of your organization's customers can result in regulatory fines. Even a minor data breach can cost you reputational loss and regulatory loss. The sophisticated cybersecurity measures will protect your company from such threats.

Wrapping up

Your company data is too valuable to lose; the theft of even a small detail can cost your business in many ways. So make sure you are taking the best cybersecurity measures to protect your business information. 

Want to better protect your business from fraud? Old National Bank can help. Let's talk today. 

This article was written by SmallBizViewpoints from Small Biz Viewpoints and was legally licensed through the Industry Dive publisher network. Please direct all licensing questions to legal@industrydive.com.

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