Cyber Security & Cyber Crime: Is It Possible to Protect Your Business?

Over the past 30 years, the internet and information technology – commonly known as ‘IT’ – has advanced significantly. These advancements in IT and technology have meant that the way that many companies do business has changed considerably over time. The internet and IT have become invaluable resources for business – in fact, most businesses could no longer function effectively without them.

Of course, while the internet and the rise of IT, technology, and solutions have offered various benefits, these advancements have also come with a major con, and that is the rise of cybersecurity threats. Think viruses, malware, and hackers, among other tech-related threats – the truth is that cybercrime is a serious problem, and each year it’s becoming more and more common. In recent years, a growing number of businesses, some large and some small, having fallen foul to cybercrime. There’s no getting away from the fact that the threat is consistently growing, and it’s something that every business needs to be aware of.

That being said, the good news is that it is possible to protect your venture from cybersecurity breaches and cybercrime. It’s a case of knowing what steps to take. Wondering how you can prevent your business from becoming the next company targeted by cybercriminals? Take note of the advice below and implement it within your business’s security strategy.

 

Secure your systems

One of the best steps that you can take to prevent cybercrime from impacting your business is to take steps to secure your systems. Installing a basic anti-virus program isn’t enough to keep your company – and its valuable systems – safe, you need to do more to protect your company. It is a good idea to seek guidance regarding the best security software for your specific business and its various needs. Reliable security software is the first step towards ensuring that your business is adequately protected. You may also want to consider sourcing effective professional security support from a fraud management provider or cybersecurity specialist. It’s important to remember that the more support you have in place, the lower the chance your business will fall foul to cybercriminals or their fraudulent activities.

 

Use various authentication methods

A single password is nowhere near enough to protect your business. If you are serious about keeping your systems secure, then you need to use multiple authentication security procedures. Ideally, you want to set up each employee with their own two-factor authentication, in addition to a company-wide password. Just remember that when it comes to passwords, strong, unique passwords are the key to preventing security breaches.

 

Backup everything

Should a data breach occur, you must adequately back up your documents and data. Ideally, you want to back up your documents and key data on two separate platforms, such as Dropbox and Google Drive, ensuring that no matter what happens, you’re covered. Having hard copies of critical documents and data can also be an excellent step to take, as long as those papers are securely stored in a dedicated storage facility.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.