Cybercrime, Data Theft: Protecting Your Business Part 2

As we discussed in our previous blog post, the internet has made it possible to expand business like never before, although not without inherent risks. 

In our online world, it's hard to imagine doing business without base-level security measures. However, in a post-pandemic world, economic uncertainty, the unpredictability of the future and a heightened level of online scams and fraud have highlighted the need for businesses to take their cyber security even more seriously. 

Basic security measures that have been used in the past may no longer be sufficient. It is vital that companies work on building an effective security strategy in order to protect themselves from being breached or hacked into by malicious third parties who are looking for ways to steal sensitive data. In this blog post, we're going to explore some important steps you can take with your telecommunications provider that will help you stay safe during these turbulent times.

In the past, businesses have been able to rely on a few basic security measures that would keep them relatively safe from hackers and identity thieves. However, as cybercriminals become more sophisticated in their methods and target larger organisations that hold sensitive information about millions of individuals across the globe, there has never been a greater need for advanced security solutions.

Some of the measures that can help your business prevent cyber-attacks:

 

• Consistently backing up your data

If you were to experience a cyber breach, consistently backing up your data will ensure you can quickly recover vital information. This process is easy and cost-effective in the long run.

 

• Securing your devices and networks

Updating your software and internal operating systems is essential to stay ahead of the game. These updates can mitigate security risks, reduce vulnerabilities and keep your data safe from viruses and potential attacks. Other strategies include setting up spam filters, firewalls and specialised security software.

 

• Multi-factor authentication for added security

MFA is a verification process that requests two or more types of credentials in order to proceed with access. This could include a request for a password, a one time code or even for proof of identification. It is highly recommended that your business systems enable multi-factor authentication for accessing your business network and servers to reduce the Cyber-attack risk.

 

• Unique passwords

When setting up passwords or phrases for accessing your business network, ensure they are long, complex, unpredictable and unique. Aim to not use the same password for everything and consider using a password manager to keep them encrypted.

 

• Encrypt Information

By using encryption, your business and customer data is protected by converting it to indeterminable code. You can either turn this on in. your router settings or by installing a VPN on your system.

 

• Implement cyber security policy

Cyber security policies will ensure the entirety of your organisation is on the same page when it comes to processes and protocols when using and accessing sensitive information, internet access, email code of conduct, as well as the correct use of certain systems and equipment. This can include information sessions, ongoing training and consistent industry updates.

 

• Get Expert Advice

To ensure you are taking every essential precaution, seek expert advice. Your telco company should be able to advise on how to carefully implement each of the suggestions above to ensure you are keeping all of your digital assets safe.

 

Unsure if you have access to the latest in cyber security information or have questions about the strategies you have in place for your business?  Contact the expert team at Comvirt. Our Australian based team is able to provide advice and tailored solutions for keeping your assets safe. Contact us today on 1300 512 645.