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Certainly, with the rise of technology, many organizations have experienced enhanced data breaches since the last decade. Anxiety and fear of data breach are inevitable. What's more important is the need for addressing the loopholes.
When we look at the figures, the survey of 2019 says that the average cost of a data breach is $3.92 million, which is a significant amount to break down a startup. Due to which companies do not just spend exorbitant prices but lose a lot of loyal customers.
That's why cybersecurity is the most important aspect of any kind of business to run seamlessly.
Here, in this article, you will learn some simple yet effective measures to pick while securing the confidential data of your company and your customers.
Deciding to start a business, cybersecurity may not be a high priority for you. But if you don't have antivirus software installed on your every device, your company may be vulnerable to data breaches.
AntiVirus act as a guardian to your system against the malicious files since they examine every file you open and the links you click.
Thinking about your limited capital as the reason for not able to install one for that we have a solution. Business subscription for antivirus is very affordable, hence, it can come in your budget to ingrain within your devices.
Installing security software isn't enough keeping it updated is another important aspect to look into. Hackers try continuously to breach into the security walls of organizations, looking for loopholes.
Instead of walking from installing the updates or security patches, you must update the very moment. Because when you delay, you give hackers the time they need to breach in. So, the longer you wait, the easier it becomes for them to get in.
Keeping a single password throughout can be risky. However, keeping a single password for all the devices is easy to remember, but is, on the other hand, easy for the hackers to trace and decrypt. Easy passwords such as your favorite color or band or your birthdate can be too vulnerable, as these become extremely easy for cybercriminals to guess.
Instead, add different characters, such as a combination of capital letters, lowercase letters, numbers, and symbols.
You can also look for non-dictionary words to avoid fraudsters from performing a brute force attack. This is a trick where cybercriminals try guessing passwords commonly using dictionary words and numbers.
Having an SSL certification has become much of a need today. It is the most valuable certificate to tell people that the site is absolutely secure to use. However, it isn't the most secure way to protect your and your customer's data from cyberattacks.
Google has its measurable ranking attribute, among which one is SSL certification. Thus, it is also a factor for your brand to rank and bring business. But, you will have to ensure putting multiple layers to protect the data.
When you have multiple passwords for all kinds of devices to protect the information of your company, it becomes difficult to remember them all. In such cases, the Password Manager can help you save them.
Installing a password manager in your device can help your passwords save in an encrypted and safer way. The program can automatically fill the password field.
It's a complete two steps before you allow access to your account to anyone. Almost every application is using two-factor authentication(2FA) to secure user information. Through the 2FA, along with the user name and password, you also need to enter a code sent through your mail or SMS.
Websites also go beyond this two-factor authentication. To enhance the wall of security, they try using multi-factor authentication. It's a good idea to secure your infrastructure and system with more and more layers of security to rest assured.
Phishing is social engineering, where cybercriminals try to fool innocent people in order to fetch all credentials willingly. You may receive a phone call, an email, or a text to login and open the given link to subscribe freely to Netflix. You might click in excitement and land on a page similar to Netflix & you enter account details which are been sent to the frauds and can access at any point in time.
This was just a simple example, but frauds try it everywhere. When you receive such communications telling you to need to check your account, you mustn't follow blindly and enter account details without a thorough examination.
An organization is full of different employees working at different levels as per their technology expertise. While some may be cautious, others may be susceptible to viruses and phishing.
Thus it is essential to have a regular workplace education that can be a wise investment. Education for security can teach them to be more alerts and aware of the data breach attempts.
Also, you can simply hire a dedicated cybersecurity company in Singapore or dedicated personnel to help you keep up the latest tactics. Not only can they educate your workforce, but can also administer mock phishing attacks so that your employees know what to look for.
In order to secure networks from cybercriminals, various measures can be taken, among which Zero Trust is a proven model to enhance security. Zero trust networks identify every network user and verify each device before granting any kind of access. Regardless of the location of the users, the security protocol is applied to all before accessing the system.
It is capable of reducing phishing or possible attacks as this model only grants access to those users whom system administrators have granted permission to access the specific areas of the system. Moreover, it can detect unusual activities and trace patterns to identify and control malicious acts.
Apart from encrypting devices and systems, securing wifi networks is equally essential. But, building a multi-layered firewall is one part of keeping confidential documents safe. Regular backups of the data on computers is another part that companies should look into.
Critical data such as word processing documents, electronic spreadsheets, databases, financial files, human resources files, and account receivable/payable files are important data that needs to be backed up. You should set weekly or monthly automatic backups to store the copies either offsite or within a cloud infrastructure.
As said, cybersecurity is one of the most serious economic and national security challenges that every nation and organization within the face. Private and public sectors, whether big or small, need to address the need for protection of the confidential data.
In that matter, companies must secure their architecture with several firewalls to avoid breaching easily. Also, it is equally essential for companies to educate all its employees to be alert all the time and avoid running for inadequate links or communications.
Also, passwords must be strong and differ from device to device to ensure better security and save them to password manager software to avoid changing.
Since technology changes and cybercriminals try new ways to breach in, you must be vigilant and update your antivirus software as well as patch the loopholes of your system to avoid any reason for vulnerability. Thus with the right defense practices in place, your organization can stay secure.
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