Over time, security breaches have become increasingly common. These attacks bring to light the precarious state of data and the widespread absence of comprehensive security procedures in businesses of all sizes. The safety of your company’s data is essential to its success as a whole. Whether it is trade secrets, employee records, or financial information, you will have to deal with severe repercussions if compromised. So much so that your entire business empire could crumble with just one hack.
Fortunately, you can take a few basic steps to boost your company’s cyber security. Let’s look at what you can do.
1. Use a Password Manager
Studies reveal that a fair portion of the population has become negligent with their passwords. It turns out that roughly a third of us use the same password for most of our online accounts. As if that was not bad enough, 42% of tech users have had their accounts breached at some point. That is where a password manager comes into play.
A password manager can generate unique and strong passwords for your accounts. These random passwords are much more difficult to crack than those created in the spur of the moment. That way, hackers cannot breach security even with sophisticated password-cracking tools.
Besides, access control may be a hassle for many firms, especially when numerous workers require access to the same account at any given time. A password manager such as 1password’s secure password manager allow you to manage multiple passwords and change them whenever necessary.
Some password manager software are so advanced that they allow only one person to administer the password and then grant access to other users without revealing it. For instance, if your organization handles a client’s social media accounts, your social media manager can grant access to the team members who will update the social media feeds without disclosing the client’s password.
2. Invest in a VPN
Remote and hybrid work arrangements are witnessing unprecedented popularity in modern-day organizations. As a result, employees work from various places and use public Wi-Fi. Workplaces that allow employees to operate from public places should have a virtual private network (VPN). When you use a VPN, your activity becomes invisible, except for the company that provides the VPN service. It basically encrypts an employee’s internet connection, preventing hackers from interfering with their work.
Bear in mind that not all VPN solutions ensure the same level of security. So you should be very careful when exploring the various VPN service providers. The VPN market is expanding rapidly, and as a result, numerous new suppliers have entered the space. Opting for a company that enjoys a solid reputation in the cybersecurity industry is crucial.
Finding a VPN is likely to begin with an internet search. You may find numerous online reviews and comparisons of different VPNs. Be wary of the sources you rely on because it is not always easy to distinguish which ones are unbiased.
3. Support the Cybersecurity Team
Security teams frequently complain that they do not have enough budget or that management does not listen to their concerns. The root cause of these issues is a general lack of cybersecurity expertise among higher-ups. This leads the boards of directors to ignore the value of cybersecurity and see it as an operational expense.
Although cybersecurity is typically associated with the IT department, its influence extends across the entire organization. In addition to having fewer data breaches, an efficient security program makes an organization run more smoothly, with staff adhering to best practices and avoiding costly mistakes. Even if your company has a vast workforce working from home, your security measures will impact all of them. So unless your board recognizes the value of cybersecurity and provides adequate funding to the IT team, you will not be able to make any substantial progress.
4. Train Employees
Ransomware and phishing are two of the most common threats businesses face today; both thrive on human error. If workers receive phishing emails and cannot determine whether or not the messages are fraudulent, your business could be in jeopardy. Likewise, inappropriate use of privileges, internal errors, and lost data result from employees’ inability to comprehend the information security requirements.
You cannot resolve these problems just through technological means.
To help their IT department, organizations should offer frequent awareness training for their employees. Ideally, employees should be offered training courses as part of their onboarding process and then annually after that. This way, employees can learn about internet safety and see how their online habits have improved post-training.
5. Implement Multi-Factor Authentication
Multi-factor authentication (MFA) offers extra defense against cyberattacks and should be mandatory for all users. The MFA makes it tough for attackers to access the account, even if a username and password have been stolen or accurately cracked. As long as MFA is set up correctly, any attempt by an unauthorized party to get into an account will trigger an alert that notifies the account holder about the activity.
6. Install Antivirus Software
Malware and viruses are all over the place in the digital realm. They can have noticeable effects, such as slowing down your computer or deleting important files. Antivirus software shields your computer from malicious code or malware that could harm your system.
Automated updates for some advanced antivirus systems can help safeguard your computer from the ever-changing threat of new attacks. The best way to keep your computer virus-free is to run or schedule regular virus checks.
Nowadays, running a company without storing sensitive data electronically is nearly impossible. Whether you are retaining private client data or confidential financial records, you must ensure they are protected from unauthorized access. The good news is that it is not an overly daunting task.
Implementing the above mentioned measures will help you ensure robust online security. From using a password manager to implementing a multi-factor authentication process and holding annual training incorporating updated security measures to keep the employees informed, it is possible to keep your business away from prying eyes.