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8 Best Practices to Secure Company Data

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Over the past few years, many digital businesses have been victims of cyber-attacks. From insider threats and malware to ransomware and phishing attacks, it’s a mess. With the surge of technology, the threats and dangers only seem to increase as attackers continuously find new ways to access sensitive information. This act of malice begs the need for companies to create or bolster their data security strategy.

When you have a robust protection strategy, you cannot only prohibit unauthorized users from accessing your information but also keep corruption at bay. A lack of strategy may result in reputational harm, financial loss, brand erosion, and degradation of customer trust. Furthermore, considering how fast we’re developing digitally, companies must invest in the best data protection strategies to achieve and maintain their goals.

Much to your surprise, many fast-forward and innovative businesses are already utilizing the power of modern IT solutions to safeguard their information. You can do it too, but only with a combination of good practices. Here are a few examples of some of the best data protection practices companies can use:

  1. Prioritize mobile security

Mobile device usage is increasing with the acceptance of hybrid and remote work. Businesses are increasingly embracing bring-your-own-device (BYOD) rules that permit employees to use their gadgets. As more people use mobile devices, cybercriminals and hackers have noticed and are increasingly focusing their attacks on these platforms.

Securing these devices is a crucial part of a business security strategy since mobile devices are increasingly gaining access to corporate networks and critical information. To avoid becoming a victim, companies must prioritize mobile security. Apart from downloading security apps and using authentication and strong passwords, being aware of mobile device security best practices is crucial. A bit of research can help you in this regard.

  1. Maintain current hardware and software, and use network security hardware

Although hardware exploits are uncommon, they can still happen.

Your company should maintain a habit of routinely upgrading what you use because obsolete hardware is more vulnerable to attacks. Programs for leasing hardware can help you keep up with the latest technology.

Furthermore, software vulnerabilities are becoming more prevalent. They can be malware, viruses, or focused attacks from outside networks. Every workstation linked to your network needs to have essential antivirus protection. As soon as new versions are released, software must be patched or updated. Moreover, your network protection should include traffic policies and robust firewalls that limit the risk of theft.

  1. Do regular data backups

Despite taking all the necessary safeguards, breaches are still possible. Thus, it’s crucial to block as many attacks as you can. The SBA suggests backing up human resource files, databases, word processing files, financial files, electronic spreadsheets, and accounts receivable/payable files. Ensure to back up all cloud-stored data as well. If a fire or flood occurs, ensure backups are kept in a different area.

Furthermore, check your backup frequently to ensure it is operating correctly. This way, you can be sure you have the most recent copy if you ever need it.

  1. Use endpoint security tools to protect your data

Endpoints on your network are constantly in danger. For this reason, you must have a strong endpoint security setup to reduce the chances of potential data breaches. Begin by putting the following strategies into practice:

  • Antivirus software:Ensure that it is installed on all servers and workstations. Also, run regular scans to secure your system and identify invasions, such as ransomware.
  • Antispyware:Typically installed without the user’s knowledge, spyware is a type of malicious computer software. Usually, its goal is to gather personal data and learn more about user behavior. You can remove or prevent them with the aid of anti-adware and anti-spyware software.
  • Pop-up blockers: Unwanted programs, known as pop-ups, operate on your computer for no apparent purpose other than to endanger the system’s stability. To stay safe and vigilant, install pop-up blockers.
  1. Protect your payment processors

Alongside ensuring your company complies with unique security standards imposed by your payment processors, ensure that your payment card processors and banks use verified tools and reliable anti-fraud services.

These specifications can be found in the contracts you have with every processor. Additionally, ensure you keep up with all software updates as they are released. When handling card payments, it is best to utilize a separate computer and avoid using it for browsing the internet.

  1. Educate your employees

Inform each employee about your company’s cybersecurity policy and best practices. Preserving their familiarity with new regulations and laws that the world is adopting necessitates continuous training. Show them examples of actual security lapses and solicit their opinions on your present security setup.

  1. Secure your Wi-Fi

Any company’s Wi-Fi system is a weak security point. The risk of a hack exists despite the use of password security. Additionally, it is a straightforward data protection strategy to use. Hide your Wi-Fi network so that nearby devices cannot see its name. You can do so at your wireless access point or modem. The name of your Wi-Fi network is concealed by masking your Service Set Identifier (SSID).

Don’t forget to secure your router with a strong password as well.

  1. Set internal controls to minimize employee fraud

Sometimes, data loss is not brought on by any outside influence. Instead, internal factors are to blame. You might not discover a security vulnerability until it is too late, and your workers may be to blame. If you have confidence in your staff, someone else will exploit the information to access your data. Because of this, it’s usually a good idea to restrict who has access to sensitive customer and business information. Zero-trust security is a practical remedy for this.

One of the most effective data protection strategies in 2022 is zero-trust security. It involves maintaining stringent access restrictions and limiting who has access to them. It also involves tightly controlling the flow of some information.

Conclusion

It is in every company’s best interest to take cybersecurity seriously and invest in some of the best solutions. The practices mentioned in this article are an excellent place to start. These practices ensure that your company’s data is safe while helping you build customer trust and generate more revenue. Moreover, remember that there is never a bulletproof strategy to protect your data. However, you can diminish the risks by implementing a combination of practices.

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