You own a business! Sounds great!

Also, you have afforded security staff for your business cybersecurity. That’s awesome!

But, do these cybersecurity practices completely secure your business data from the risk of being hacked?

The answer is NO, right?

Regardless of big or small, your business information and sensitive data are always prone to cyber-attacks. Data security is one of the challenges that most business owners face. Blame it on the statistics of cybercrime that reveal a massive increase in breached data sources.

  • 43% of data breach victims were small businesses.
  • Smaller organizations (1-250 employees) have the highest targeted malicious email rate.
  • By 2020, security services will amount to 50% of cybersecurity budgets.
  • By 2021, damages due to cybercrime are projected to hit $6 trillion
  • 53% of organizations have over 1000 sensitive files exposed to every employee.
  • Data breach costs on an average of $ 3.9 million.
  • About 99.8% of employers report cybersecurity skill shortage

Although it’s true that small businesses often become victims of lax data security, digital security risks in giant corporations are not less in numbers. In either case, even if you follow business Cyber Security practices, for skilled hackers, data theft is just another whiz game. Think about the cyberattack on Sony Corp. in 2014. Despite financial and reputational losses the attack has left millions of data compromised.

Prevention is better than cure

In the first place, with the internet that infiltrated our households, our virtual life has become more vulnerable.

Well, it’s never easy to catch up to the hackers’ tricks and methods of cybercrime, but prevention is most definitely worth a cure. Poor security measures or not having any cybersecurity can cost your business millions or even shut your business operations forever. Or, the worst case: critical financial losses or sensitive client information being compromised.

Rather, save your business data before its too late!

Try these 6 simple inexpensive tips to incorporate cybersecurity that can also cut your business costs:

#Tip 1 Restrict data access

Yet to secure the walls around your data? Think again! Remember – what matters the most is data, not just the perimeter. While organizations spent 90% of the financial budget on the firewall, still there are hundreds of ways to bypass it! The source could be anyone: customers, suppliers or even employees. Without delay, take the first step to limit the data or equipment access. In order to protect cybersecurity data from unauthorized access, try these steps:

  • Limit entry points as much as possible. Consider personalized key-card entries to access the workplace.
  • Restrict key allocation by allowing keys only to fewer employees to areas containing sensitive data or equipment. In case the key is lost, consider changing your locks.
  • Number and assign all keys- door keys, file, keys, locker keys,
  • Always keep a track on people who have been assigned with locks and keys
  • Keep track of the keys being returned before an employee leaves the workplace

# Tip 2 Do a building inspection before leaving the workplace

To stay ahead of the hazards in the workplace, it’s important to stay vigilant. Check the ins and outs of the office campus until the end of a working day. This way, not only you can stay alert of potential issues but also stay on top of facility repairs that save your day. Also, don’t forget to remind your employees to report about anything they find suspicious.

#Tip 3 Install superior quality doors and windows

Whenever possible, make sure to improve the physical security of your business. To begin with, install reinforced steel or wooden doors to prevent an attempted break-in. Install high-security locks on doors in areas where sensitive information or equipment is kept. Also, secure windows with the commercial-grade lock to prevent window break-ins or security bars when not in use.

#Tip 4 Shred or erase sensitive files

Sensitive data files are more vulnerable in the trash than any other place. So, before you dispose of, make sure that the data is permanently shredded or destroyed. Shred sensitive documents such as customer quotes, invoices, archives, emails, voice recordings, printed communications, etc. by using special data shredding software. Then empty the recycle bin so that the deleted files are unrecoverable.

#Tip 5 Cybersecure digital data and communications

A lot of business-critical information revolves around via mobile IoT, cloud and Artificial Intelligence or AI. Traditional or limited point solutions are not enough to secure them. Although, layers to secure messaging and content delivery are prevalent, don’t forget to use these best practices diligently:

  • Secure your Wi-Fi settings and monitor your network traffic to identify potential risks
  • Secure your device with up-to-date anti-virus and firewall protection
  • Instruct your employees to lock their devices with strong passwords for all devices and accounts
  • Use encrypted data for all sensitive data communications
  • Back-up all data on a regular basis for emergency data retrieval or if data is stolen
  • Deploy security-minded cloud storage service to make sure that data never falls in wrong hands

#Tip 6 Build an incident response plan

In the event that a cybersecurity breach has occurred, build a set of instructions to train your employees about responding effectively. In other words, help your team to respond and recover from network security incidents. Obviously, a network security checklist to empower the team with effective measures always will help them to handle it actively.

Overall, improving your business’s cybersecurity might get a bit overwhelming. Of course, each bit to ensure a safe and doable security measure can keep criminal activity away. IT security is ever-changing, the hackers are up and doing, so, it’s up to you to keep up with them.

Want more insights about data protection and business cybersecurity? Contact us today to know how our cybersecurity solutions can protect your business.