Top 3 Security Practices That Protect Your Business Data

newsletters  Hacker Noon profile picture


Official account for all of the HackerNoon newsletters.

Being the lifeblood of your business, data is inevitably weaved into all of your operational processes.

Whether we’re talking about a huge corporation or a promising start-up, information security can make or break your business.

We don’t have to search deeply in order to find the repercussions when a business fails to safeguard confidential information.

In May 2019 Canva, an Australian tech unicorn and a graphic-design tool website made headlines when confidential data of almost 140 mln users had been put up for sale on the dark web.

The average cost of a data breach in 2020 is around $150 per one compromised record that contains Personally Identifiable Information.

Cybercriminals prey on this precious commodity. As a result, almost 25% of businesses fall victim to data breaches with an average fraud loss of almost $40,000.

So if your company’s New Year’s Resolution is to amplify data security, read on for proven practices to keep hackers at bay and give your valuable information the love and care it deserves.

Getting Ahead of Cybersecurity Breaches: Business edition

The more data you collect about your clients and employees, the more effort it takes to keep this data safe.

Companies are at risk because of the sheer amount of stored information they tend to accumulate. As a result, their clients are the ones who take a hard blow when data falls into the wrong unauthorized hands.

To mitigate possible risks, store only the essential or critical data required for your business needs.

In case you require additional information, for the time being, make sure to dispose of it properly when you no longer need it.

Create a Data Fortress

Scammers and hackers are always looking for new ideas. Sometimes, they treacherously use a savage cyberattack.

Sometimes, they creep in through a back entrance to your operating systems or security. Sometimes, they send welcoming ‘postcards’ with totally legit links.

That is why you need perimeter fences to safeguard your business data. To make your fences indestructible, you need to:

Educate Your Employees on Data Security

Unfortunately, email security and employee training are usually among the top challenges faced by companies even in our digital times.

Not to mention, more than 30% of employees don’t have the slightest idea of what phishing or malware is.

In reality, even cutting-edge technologies won’t save companies from data breaches, as employees are the most common entry points for phishers.

Therefore, cyber literacy is crucial for organizations with sensitive information.

As the Advanced Computing Systems Association (USENIX)suggests, the ideal training cadence occurs every 4-6 months with recurrent “live fire” training exercises and constant reminders.

By investing in regular cybersecurity training and making it part of the onboarding process, companies make sure they don’t find themselves in the headlines.

Even with emerging technologies and tightening cyber regulations, cybersecurity still presents a weak spot even for the most tech-savvy companies.

As threats are becoming increasingly sophisticated, neither small companies nor giant enterprises feel comfortable with storing sensitive data.


Subscribe to HackerNoon’s newsletters via our subscription form in the footer.

newsletters  Hacker Noon profile picture


Source link


National Pension System: Making changes in PF, scheme setup? CRAs change statement of transaction

Latest NPS changes. Representative imageNational Pension System (NPS): The Pension Fund Regulatory and Development Authority (PFRDA) has notified new NPS functionalities released by...

U.S. State Dept approves potential $3.5 bln helicopter sale to Australia- Pentagon

Article content WASHINGTON — The U.S. State Department has approved the potential sale of 29 Boeing Co AH-64E Apache attack helicopters to Australia...

Wall Street stocks drift ahead of US inflation data

Wall Street equities were mixed ahead of US inflation data later in the week that may determine the future direction of central banks’...

How influencers make big money on Instagram through likes and engagement.

The influencer market is becoming saturated with time. But the game changers and the toppers are still a few. Just a decade ago, we...