3 Ways to Protect Your Business From External Threats

StrategyDriven Risk Management Article |Protect Your Business|3 Ways to Protect Your Business From External ThreatsRunning a business requires you to pour your heart and soul into making it a success. When you commit so much time and energy to your business, the last thing you want is for its success to be jeopardized by an external threat. External threats to companies come in many forms, so being aware of them and what you can do to protect your company is essential.

Knowing that you are protecting your business will bring you peace of mind and allow you to focus attention on running your business. Here is how to keep your business protected:

1. Increase Business Premises Security

A break-in or theft at your building can be a distressing situation. No one wants the hassle and upset of needing to report the crime and clear up the damage caused, especially when this is likely to cost you both time and money that could be better spent elsewhere.

Increasing your physical security measures at your business can act as a helpful deterrent and prevent crimes from being committed. Increasing your number of CCTV cameras on the premises, installing shutters, and investing in an alarm system will help reduce the likelihood of crimes being committed and save you the time and hassle that this causes.

2. Take Care of Cybersecurity

While the physical security of your buildings is vital, protecting your business from cybersecurity threats is also crucial. Cybercrimes are continuing to rise, with increased numbers of hacks and phishing scams taking place. If your business is a victim of a cybercrime, the cost can be high. Data breaches and other cybercrime can cause your business unplanned downtime, damage to your reputation, and money if you receive a fine.

As cybercriminals become increasingly sophisticated in their techniques, it becomes even more essential to work on protecting your business from cyber threats. Using Managed IT Services is an excellent way to do this as it enables you to benefit from professional assistance and the latest cybersecurity knowledge to protect your company. Knowing that you have expert help just a phone call away is a fantastic way to keep your business protected from this genuine threat.

3. Legal Protection

No matter how efficiently and diligently you run your business, you cannot control issues caused by other organizations. There are many issues your company can fall victim to in its business dealings, so ensuring you have legal protection against these is crucial.

Finding an experienced lawyer with lots of experience in drawing up contracts and copyright law is vital for your business. Getting contracts drawn up between your company and your suppliers could help safeguard your business against the cost of delays caused by supplies being delivered late or being substandard. It is also helpful to ensure you have applied for the appropriate copyright and patents for your designs and ideas so that you can take action if a competitor copies these.

While external threats cannot be eliminated, taking action to minimize their risk is the best way to keep your company protected.

Methods Of Keeping All Of Your Data Safe And Away From Danger

StrategyDriven Organizational Performance Measures Article |Keep Data Safe|Methods Of Keeping All Of Your Data Safe And Away From DangerIn the world of business, you literally never know when you might fall into danger. You always have to keep your wits about you because you don’t know what might be around the corner. You might have to deal with legal issues, bookkeeping problems, or natural disasters. So, it’s wise to always be prepared for any eventuality.

In 2021, a lot of the work you’ll be doing will be online and via digital platforms. On these platforms and systems, a lot of important information will be around. You’ll also be operating a lot on them, so they’ll need to be functioning properly and will need to be well-guarded. If you leave yourself open in this regard, then you could be in danger of all kinds of negative instances. The good thing is that protecting your systems and data isn’t too difficult. Here are a few ways to do it:

Teach Your Staff What They Need To Know

If you have employees that know what they have to do and how to behave, then it’s going to make the working day a lot less stressful. Training employees in IT skills doesn’t have to be difficult when it comes to the basics, but the more technical aspects may need a little more work. You can bring in training services every now and again, or you can send them to school for a couple of months so that they can fully gain the knowledge, skills, and qualifications. Ensuring that they’re trained would mean that fewer silly errors are made.

Possess A Solid Cloud Server

If your company has a great remote server that can be accessed by everyone on the team, it makes work a lot easier. Sending and receiving items comfortable helps everything move smoothly. One problem in recent years is that they have been hacked into by criminals, so it’s your job to ensure you find a solid, protected server. Secure file sharing is vital if you want to maintain productivity, order, and a good reputation.

Ensure You Have Ample IT Support

There are lots and lots of IT companies around that will help you with things as you get through your day-to-day jobs. The likes of managed IT services will be on hand to watch over you and protect you from attacks. They’ll also be able to advise you regarding the next best possible moves that will benefit the company.

Ensure Harsh Punishments For Violating IT Conduct

A lot of the time, computer systems are compromised due to an issue from someone within the camp. Perhaps they’ve made an error or they’ve tried something underhanded. In order to stop this kind of thing from happening, it’s good to put rules in place. If they know what will happen to them, then it will deter them from trying anything untoward.

Buy The Right Cybersecurity Software

Possessing the right software makes sense for everyone involved. You’ll have to ensure that you have the best programs to protect your data and systems as substandard cybersecurity software will let hackers walk right in.

How To Handle Employee Cyber Security Training

StrategyDriven Risk Management Article | How To Handle Employee Cyber Security Training | Cyber Security, Business, Corporate

If your employees’ financial and personal information is leaked to intruders, your company may lose a lot. Most employees in various companies have fallen victim to phishing scams, causing great losses to the company. Unfortunately, cyber attackers evolve as technology changes and make their attacks even more sophisticated.

To shield your company from attacks, you need to conduct a compromise assessment and assess where it’s more vulnerable. Setting up complicated systems to protect your business is great. But if your employees don’t know how to use the systems, you’ll still be vulnerable. That’s why every organization should give their employees basic cybersecurity training. That way, attacks targeting social engineering and phishing scams will stay out of your business.

Here are some tactics for training your employees in cybersecurity:

StrategyDriven Risk Management Article | How To Handle Employee Cyber Security Training1. Avoid Blame Games

When the news of a data breach gets into the ears of the company’s executive and other people, it’s easy to attach the fault to some employee who clicked the wrong link. Though it might be true that one of your employees may have fallen for an attacker’s trap, it isn’t advisable to blame them if they don’t have the right knowledge about such attacks. In fact, it may seem that the organization is dodging is the responsibility of training employees on how to keep its data and networks secure.

Instead of blaming the employees, you should develop a plan that’ll ensure every worker has the knowledge they require to prevent attacks. You should also encourage them to ask questions and set up a department that can address their concerns.

Training isn’t only about collecting your employees in some class and lecturing them on best practices, but it could also be sharing with them new threats through SMSs and pinning informational notices on their noticeboards and offices. That way, they’ll keep interacting with the information and enhance their knowledge of cybersecurity threats.

2. Have A Budget For Employee Training

While SMSs and notices can help inform your employees about threats, you may need to conduct a training to explain how to handle some complicated threats. Cybersecurity requires constant maintenance because new attacks are created daily and monthly. Therefore, conducting monthly training can be ideal for updating them on such threats.

According to experienced IT experts, people working in your organization are assets that need continual investment. If you don’t patch them regularly, they’ll be vulnerable. That’s why when planning for your yearly budget, you should include employee training. Securing your systems and data is just as essential as marketing your products and services. So it would be best to treat employee training with seriousness as you would treat marketing.

Furthermore, you need to use many approaches to keep your staff on top of the trends. That may need a mindset shift and not viewing an employee who opened a wrong link as a source of failure even after training them but recognizing that your training and security structure needs updating.

3. Prioritize Cyber Security Awareness

Being on top of trends doesn’t prevent your company from experiencing data breaches. According to Cyber Security Hub, companies like Toyota, Walmart, and Dunkin’ Donuts have experienced attacks in the recent past despite having sophisticated security systems.

If you think that your small enterprise is safe, you need to be very worried because a 2018 cybersecurity report by Ponemon Institute revealed that about two-thirds of small businesses were attacked within a year. The only way to keep your systems secure is always to enlighten your employees about cybersecurity news. That way, they’ll understand the frequency and volume of attacks and be alert throughout the day.

Though getting your employees aware of current events is vital, you shouldn’t flood their inboxes with many emails that may be sent directly to the archives. Instead, you can attach cybersecurity information in the emails or reports news section that you can customize. Also, including messages in the links you send to your employees can help them stay updated.

4. Train Them On Password Best Practices

Having password best practices in your organization is one way of developing a robust security plan. The only problem you may face is convincing your workers to implement it.

Strong passwords should have the following qualities:

  • Be Long Enough: Lengthy passwords are difficult to crack. That’s why IT experts recommend that you set passwords with at least eight characters.
  • Have Many Character Sets: Every character set you add enhances the complexity of the password and makes it difficult to penetrate. That’s why your password should have a lower case, upper case, symbols, and numerals.
  • Have Incomplete Words: There’s no doubt that common words are easier to remember. However, they make it very simple for an attacker to crack. So it’s advisable to use incomplete words.
  • Should Be Changed Often: If you keep on using the same password on many devices, it may be compromised. To avoid that, you should change your password after a smaller window. Setting a reminder can help you know when to change your passwords.
  • Shouldn’t Be Shared Across Accounts: Using similar passwords across accounts can make it easy for an enterprising hacker to obtain your information and use it on other websites. Fortunately, there are sites where you can key in your email to know if your password has been compromised.

To ensure that all your employees have complied with password policies, you can use password managing tools. These tools will generate memorable but strong passwords for every account that your workers use. They’ll also simplify the process of sharing passwords and allow the employees to collaborate remotely.

As much as training your employees on password policies is vital, you also need to complement their knowledge with other data protection policies. Don’t assume that they know and understand them, but remind them regularly through refresher courses.

That way, they’ll always be updated on policies and rules that they need to follow. Every time you hire a new employee, you should tell them about data protection regulations and inform them about the company’s cybersecurity policies.

Final Words

You can’t prevent cyber attackers from targeting your company’s systems, but you can try as best as you can to shield them. Training your employees on best practices can help you to minimize the chances of cybercrime immensely. Their knowledge of cybersecurity threats can make your company secure or a vulnerable target.

5 simple measures you can take to improve your company’s security

StrategyDriven Risk Management Article |Company Security| 5 simple measures you can take to improve your company's securityIn our online-entrenched age, and especially as the world continues to wait out the COVID-19 pandemic, it bodes well for your business that it can access a wide range of markets – both familiar and untapped – from practically anywhere.

However, your company’s use of digital tools can open up a range of security holes; indeed, theft of digital information is now the most commonly reported fraud, says the Federal Communications Commission. So, how can you counter that risk?

Educate your employees in security matters

Your company isn’t just a static business entity – it is essentially its employees, and you could have a rather fast-whirring conveyor belt of those. That’s why the onboarding process for new recruits should include training them in an array of measures aimed at helping to secure your business.

As a Forbes article suggests, you should give your business its own cybersecurity policy that details best practices for protecting employee, vendor and customer information – practices like the following…

Keep all of your corporate security software up to date

Even if you have taken over an existing business and, with it, inherited a strong security framework, you shouldn’t be complacent – especially given that all of the firm’s security software must be kept updated.

That software includes not only anti-malware software and firewalls but also the web browsers and operating systems your workers routinely use. You should keep an eye out for when key software updates arrive so that you can always install them as soon as possible.

Employ best practices on payment cards

If you think that using the same computers to both visit websites and process payments seems like a disaster waiting to happen, well, you could be right. That’s why it wouldn’t be well-advised practice – and why you ought to isolate your payment systems from other software that falls short of the same security standards.

You might find that the bank or other financial institution through which your firm processes payments requires you to, as part of agreements you have signed with it, meet certain security obligations anyway.

Be careful which workers you authorize to use which software

While your business might have many different software tools at its disposal, this doesn’t mean that all of your employees should be permitted blanket access to all of them. As a security precaution, you should make sure each employee is handed access only to those specific apps and data systems they truly need.

You could ensure this by implementing a system like Wandera’s private access solution, which would not require you to add any new hardware or install any new certificates.

Regularly back up vital business data

This data – such as word-processing documents, financial files, electronic spreadsheets and human resources files – should be kept as backups in various places. For example, you could keep secure, password-protected backups on your desktop, offsite and in the cloud.

If possible, back data up automatically – or at least weekly if undertaking backups on a manual basis would be the only real option for your business.

How to Maintain the Trust Of Your Customers

StrategyDriven Customer Relationship Management Article |Customer Trust|How to Maintain the Trust Of Your CustomersThere are many different aspects that contribute to a company’s overall success or failure. The strength of the idea, the execution of those ideas, and, yes, the trust that is held between the company and the customers. This last point is actually pretty underrated. It has such a big impact on a company’s success, yet the trust isn’t just given — it has to be earned, and it can also be lost, if the business isn’t careful. In this blog, we’re going to take a look at a few key ways that you keep the trust of your customers.

No Hidden Fees

Nobody likes to feel like they’re being ripped off, or they’re being cheated. There’s sometimes a temptation to add extra charges to a customer’s order, because it’ll ultimately benefit the bottom line. But let’s be realistic for a moment. While adding a last-minute charge will boost your profits on a short-term basis, it’ll hurt them on a long-term basis. That’s because it’ll cost you a customer, and maybe even earn you some bad reviews. People much prefer to know the true cost up front, so make sure that’s what they get.

Be Honest

Even the best companies in the world make mistakes. There’s no such thing as perfection, after all. There’s sometimes a temptation to run from our mistakes, and we can see why — it’s much easier to bury your head in the sand, rather than confront an issue. But it’s important to be honest with your customers if there’s an issue that affects them. If you experience a cyber security breach, then let the affected customers know as soon as possible. It’s part of the duty of care you have to the customers that have trusted you with their financial information and other sensitive details.

Keep Pushing Forward

When it comes to your customers, you don’t want them to just trust that you’re not going to screw them over. You want them to trust that you’re the best in town. It’s all good and well to have customers that have a positive impression of your intentions, but if they don’t trust your capabilities, then there’ll only be so far that you can go. As such, it’s important not to rest on your laurels. Instead, keep on pushing forward. Your customers might like what you’re doing right now, but they’ll only feel the same way in five years if you’re continuing to push forward.

Stay True

Ultimately, it’s all about staying honest — to your customers, yes, but also to yourself. What does your company stand for? What principles guide you through the future? If you keep these things at the forefront of your mind, then you’ll find that it’s much easier to retain the trust of your customers, since they’ll have no reason to doubt your intentions. You’ll be operating from a place of sincerity. And if people know that what they see is what they get, then they’ll have no reason to doubt what you’re saying and doing.