How To Prevent Cybercrime Hurting Your Business

StrategyDriven Risk Management Article |Cybercrime|How To Prevent Cybercrime Hurting Your BusinessA relatively short time ago, cybercrime wasn’t an issue. It wasn’t even a word. Yet as technology has increased and we have become ever more reliant on the internet to run our daily lives and, of course, our businesses, cybercrime, cyberattacks, and hackers, are now something we have to protect ourselves and others from on a daily basis.

If a cybercriminal were able to infiltrate your business, they could do untold damage financially and to the company’s structure itself. Whether they hack your network for monetary gain or just to cause havoc, the result would be the same; your business would be hurt; possibly mortally so. This is why it is absolutely crucial to do everything you can to prevent this from happening. Here are some ways it can be done.

Use The Cloud

The cloud is a virtual storage space for important documents and sensitive information. It is exceptionally secure, much more so than a laptop or mobile device could ever be, and this means it is the ideal place to keep your most valuable data such as your customers’ payment details, their names and addresses, and your business banking information.

If you can store everything on the cloud, your business will be as secure as possible. Only those with passwords should be able to access your cloud account. Since the data is encrypted, even if someone did manage to get in, they wouldn’t be able to retrieve the information, rendering it entirely useless.

Strong Passwords

Regarding passwords, you will need to have a different password for every log in you have. This might be an irritation because you’ll have to remember several different passwords, but it’s much better than having just one password which, if it were to be compromised, would mean that absolutely everything you log into online would be at risk too. This would include your business information and even your personal financial information.

When you are creating passwords, they must be strong so that no one can guess them or hack them. To create a strong password, you will need a combination of letters, numbers, and symbols, and you should use upper and lower case. Make it a rule to change your passwords every six months or after ten logins to ensure they stay safe and secure.

Encryption

Data encryption is another way to prevent any cyberattacks from being successful. When data is encrypted, it becomes impossible to read and is useless to anyone unless they have the encryption key. Since a cybercriminal wouldn’t have this, even if your laptop or mobile device were stolen, or if you lost a USB stick with all this data on it, no one else would be able to see it.

Encryption is one of the most critical elements of online security, but it can often be overlooked. Implementing it within your business gives you and your clients an additional layer of protection that really can make all the difference.

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