Here are a few security suggestions when managing a small business:
Most businesses today rely solely on the internet for just about everything: marketing to newer and larger markets, workload efficiency with computer-based tools and software, client filing, business transactions, and more. The internet, however, is not a safe place. Whether a business is using the cloud or a simple email account and website, there should be tightened cybersecurity methods in place.
Digital theft is the new physical theft except it’s harder to trace, and it’s always happening. Online transactions are so common that businesses must now compete in creating a secure setting for their consumers to confidently purchase from their website. Here are a few security suggestions when managing a small business:
Be Cautious of Wi-Fi
Most businesses managers have — if not, they should — a general understanding of Wi-Fi, the convenience it presents, and the dangers that lurk within an unsecure network. Wi-Fi is configured using a wireless adaptor to create a “hotspot.” Once a connection is established, users within range of the hotspot can connect to the Internet network.
Wi-Fi works in two types of networks: open and closed. Closed networks are most commonly found in homes and private businesses. Public places that offer Wi-Fi hotspots may be open or closed networks depending on the security settings, though these public hotspots are often open networks that pose a security threat for those that are using it.
These public hotspots are everywhere — coffee shops, cafes, bars, airports, even inside airplanes (in-flight Wi-Fi). It doesn’t mean that these potentially unsecure networks are sitting traps; they’re still useful, just not for private information. Public hotspots work well for checking social media, watching YouTube videos, or playing games. It is not, however, good for sending private emails, checking bank records, or other personal/work-related information that is otherwise considered classified to strangers.
Adhere to Cloud Security Standards
Cloud security standards are what big corporate companies like Amazon, IBM, and Microsoft adhere to. This type of security — like SOC 2, HIPAA and FedRAMP — undergoes regular updates and provides the necessary tools to detect and respond to threats, should they occur. According to ESignLive, “it’s important to do extensive due diligence when evaluating any type of cloud solution provider to ensure they have the necessary protocols and product capabilities in place to protect against data breaches and other security threats.” Security is undoubtedly a top concern when managing digital transactions, and these programs can justly expose past privacy breaches, incidents of data loss/leakage or other risks that could potentially harm business and customer information.
Invest in Cybersecurity
Although the stock market for cybersecurity is rising, this isn’t about investing in stocks. A consumer alert from the IRS reported a 400 percent increase in online phishing and malware attacks during the 2016 U.S. tax season. This data is only scratching the surface of where cyberattacks plague the online world.
Investing not only money in solid cybersecurity software, but time, effort, and research can be the deciding factor whether a business will be attacked. According to XMedius, “Make sure that training is performed regularly and is updated alongside any changes in the laws, and that new staff members receive security training within a reasonable amount of time.” Many companies don’t realize they’re insufficiently prepared for an attack until it happens.
Most cybercrime incidents go unreported, and few companies come forward with information on their losses. Only a handful of cybercriminals have been traced and caught while the rest of them go undetected. These high-profile breaches are even raising concerns in putting the global economy at endangerment. As a business manager, it’s essential to put the online data of the company behind safe walls and encourage employees and fellow business managers to understand cyberattack risks. This is a step towards a better defense against the scammers.