Protecting your sensitive information is more critical than ever if you are a business owner or consumer. Whether it’s credit cards, bank account information, credentials, or other sensitive data, you don’t want it falling into the wrong hands. Companies must take steps to protect this material as hackers become more skilled by the minute and data breaches occur with increasing frequency.
Estimated reading time: 6 minutes
Fortunately, there are many technologies today that will protect both business and customer data. If you’re close to increasing your security, check out the suggestions below and you might decide it’s time to upgrade.
MDR stands for Managed Detection and Response. It is a service that uses computer programs and human surveillance to continuously monitor your business for potential security threats, breaches, hacks, and other infiltrations. With MDR services, your business outsources security monitoring to an experienced team of cybersecurity professionals. These professionals are at the cutting edge of security technology; they keep up with the latest innovations, so you don’t have to! You get state-of-the-art data protection and monitoring without having to hire an entire in-house team. Several plans are available, so check out MDR pricing and see which one is best for your team. The level of security you receive – not to mention the stress and headaches you’ll avoid – definitely makes MDR a worthwhile investment.
Managed Security Service Provider, or MSSP, is another way to protect your business and customer data. Their protections include the latest firewall, virus and phishing protection, data protection, threat intelligence, and more. MSSP also checks for security vulnerabilities, but is more passive than MDR. MSSP keeps tabs on your systems and alerts you to any anomalies or potential threats, but MSSP does not proactively monitor potential threats like MDR does. With MSSP, computer programs keep an eye on your systems and information and alert the team to an anomaly instead of a live person going there, identifying weaknesses and correcting them before the threat takes hold. If you don’t know how to put proper protections in place for your business or just want to outsource everything, MSSR is a useful tool.
Since the pandemic, remote work has grown exponentially, as has the need for businesses to provide a secure network for teleworkers to perform their duties. Since remote workers can work from anywhere, they can potentially connect to a variety of internet sources, and most of these are far from secure enough to provide adequate protection for corporate data. and customers. Do you want your private information visible on all public WiFi? Probably not. As a business owner, it’s your responsibility to protect not only your company’s data, but also your customer’s data, regardless of where your employees log in to work for the day. A VPN will encrypt your data, tools, and programs, essentially making you invisible to hackers and data thieves.
One of the biggest threats to business security is the use of outdated equipment and programs. You may think you’re saving money by using older equipment that “still works”, but it could end up costing your business a lot more in the long run. If your computers and backup systems are older, they won’t be able to run the latest virus protection software and programs. Hackers are advancing their technologies every day and will find ways to circumvent the outdated protections you have in place. Not only are you letting your data drift, but you are also putting your company’s reputation at risk. Suppose a breach occurs and it is learned that you have skimped on updated equipment. In this case, it seems that you are not prioritizing the security and privacy of your customers, which can seriously damage the image and name of your business.
Sometimes called two-factor authentication, two-step verification is a simple way to protect your business login information. When an employee or customer logs into your online platform, they will be asked to provide a code that was sent to a secure email or phone number. Passwords are compromised daily, and without two-step verification, it’s unnervingly easy for hackers to gain access to your company’s files and programs. Moreover, it is quite easy to know when someone is trying to access your data. If you haven’t attempted to log into the system, but you randomly receive a notification that you need to enter a code to log in, you will know that your password has been compromised. You can use your two-step verification to log in and change your password immediately. This simple extra step can save you and your customers a lot of hassle!
Online banking for businesses
Online banking saves your business valuable time and helps keep your banking information secure. Your bank’s online platform offers one of the highest security available, as banks are the best at minimizing risk. You can set up alerts for transactions so you know precisely what is happening in your account at all times. You’ll know immediately that something is wrong if you receive an alert for something suspicious or unapproved. You can browse your transactions, flag authorized and fraudulent ones, and file a claim online.
Paperless statements – or e-statements as they are sometimes called – are another great way to protect your information. When you choose to receive paperless statements, you help protect your business against identity theft. If a statement gets lost in the mail, it’s a prime target for identity thieves. A lot of your sensitive information is on your statement, so you definitely don’t want it getting into the wrong hands. With paperless statements, your information is emailed directly to you.
Employee training is an often overlooked safety measure and is not technically considered a “technology”. However, without employee training, you could have the most advanced security systems in the world and still be vulnerable to breaches. Your IT department will, of course, be fully informed and up-to-date on the latest security technologies, but every employee who works on your company’s network must be fully trained and engaged. Educate employees about phishing, illegitimate websites, fake communications, and how to properly secure sensitive documents. The more employees know how to protect company and customer data, the more active they will be in the security process and the safer your information will be.
Also, make sure your employees are aware of the sensitivity of the information they are handling. Having them sign a non-disclosure or confidentiality agreement is a good idea. After all, they pretty much have the “keys to the kingdom” and that information must be kept secure at all times, even if they leave the company. Signing a non-disclosure makes them realize the importance of the information they hold, and they’ll be much more likely to be cautious.
If reading this article hasn’t convinced you to upgrade your company’s security, now we hope you’ll consider doing so. It is of the utmost importance to protect company and customer data at all costs. If your data isn’t secure or isn’t being treated with the respect it should be, it’s time to up your security game. By improving your technology, adding additional encryption and security measures, and educating your employees, you will protect the best interests of your business and your customers.
What do you think of some of these technology suggestions to protect your business and its customers? Let us know on social media using the buttons below.
Last updated July 9, 2022.