How to Increase Your Data Security

By Mana Network - April 1st, 2019

Business data is more than propriety information. Most small businesses hold customer debit/credit and banking information on file and maintain electronic records, as well as manage their banking online. And a breach of this data disrupts basic operations and damages your reputation not to mention probably costing you quite a bit. In fact, recently a study describing cyber-attacks against tiny businesses are on the increase in the years. It is smart to take action to avoid these potential losses. Here's how:

 

Conduct a Cyber-security audit

 

The best way to defend against a cyber-attack is to understand the areas of vulnerability and develop a strategy to address them. The Financial Industry Regulatory Authority has created a checklist that is free to download and is basically an audit tool that helps one identify areas where your data is vulnerable to outside exploitation. The listing points out needs, such as employee-data management training, incident-response systems and other actions one can take to better secure your data. The listing includes areas wherever you ought to document the redress steps necessary to higher secure your data.

 

Train and monitor your employees

 

Employee training to secure data management is important and teaching your team to identify and report potential internal breaches. The IBM 2018 Cyber Security Intelligence Index found that substantial cyber-attacks were carried out by people inside the companies surveyed. Of those insider attacks, two-quarters were carried out with malicious intent and the other quarter were committed by inadvertent actors.For small businesses, protecting yourself from this type of internal threat begins with your onboarding process. Train staff on cyber-security measures at intervals the corporate and review the penalties, each internal and criminal, for intentional breaches. When an employee leaves conduct an out-boarding interview that reviews these penalties and then change all passwords and other security codes that the person used to assure that he or she cannot gain physical or electronic access to your business operations after leaving. or she cannot gain physical or electronic access to your business operations when effort.

 

Manage information access

 

Since most cyber-attacks occur from internal sources, another way to protect your data is to limit access. Not each worker desires access to each account, database or file. Review all employees roles within the company and give them access only to that information they need to perform their job According to top-rated security firms, one should classify the data and set up controls or tools to manage access.

This process protects your data in two ways.

 

First, it limits what quantity data every worker will access, which can reduce the amount of damage that may occur if it's used for non-business functions. Second, it will limit the damage that can occur if the employee is the victim of a cyber-attack or other malware infection since not all data systems will be accessed.

 

Automatic software updates

 

Cyber-criminals analyze software programs for vulnerabilities and exploit those weaknesses whenever possible.The newer the package version you're running more protected it is from attacks. According to studies, change your antivirus, update the operating system, and other software lessens your risk of being infected by malware or becoming the victim of ransomware attacks. most package packages supply the choice of automatic updates. Utilizing this feature is one in all the most effective protection you've got against external threats.

 

Use a decentralized virtual network

 

You may suppose you are secure, but many business messenger and communication systems may be collecting your business data and communication history. This information may be used for the host’s own use or harvested by other companies without your knowledge or permission.

 

For example, Facebook was recently fined £500,000 by the U.K.’s Information Commissioner’s Office for the social media platform's part in the Cambridge Analytica scandal.

 

The reality is that delegating your knowledge and privacy to an outdoor system leaves you liable to this sort of misuse of your data. For this reason, experts recommend creating your own secure and independent communication network for full control over your business data. This decentralized network is hosted on your own company servers or clouds, giving you complete control over who has access to your information and how it is used.

Document-sharing, messaging and other standard business activities can then occur anywhere without risk of data breaches or malware downloads, making this a great solution for small companies conducting a lot of business away from the office.

 

Conclusion

 

Cybersecurity is a necessity that too many small businesses put on the back burner, but this lapse can lead to severe financial losses. Instead, conduct an indoor audit, train and monitor employees and update your software regularly to better protect yourself. If you conduct most of your business out of the workplace, utilize a localized virtual network to stay your knowledge secure where you go.