Now is the best time for businesses to check how their handling their company data. Over the past few decades, technology has become a crucial component of any workplace. From financial transactions and email correspondence, to work documents and networking, companies of all sizes depend on technology to stay connected all the time and perform their work efficiently. But, when such communication lines are compromised or threatened, it could lead to a disastrous effect on a company. That's why cybersecurity is crucial.
The cyberattacks on TalkTalk back in 2015 is among the most high profile incidents as it result to a record fine of £400,000 because of its security failings. In line with that, Three Mobile was also victim of cyberattack, wherein 200,000 of its client information were exposed.
However, it’s not only the bug businesses that need to worry about network security. Even if you only have a small business or even those who have small to medium enterprises are still vulnerable to cyberattacks.
Data breaches may result in lost files, assets, or intellectual property as well as website or system corruption. There are several kinds of online security threats these days. These include scammers who send fraudulent emails, impersonate a legal business, as well as malware and viruses.
Data Leak Protection
Among the most personal and rampant threats when it comes to cybersecurity is data leaks. They can cause damage to business and individuals alike. All companies hold a wide range of data from employee data to customer information, which usually contains sensitive details which could easily be vulnerable if businesses do not take the needed steps to protect them.
Limiting the amount of personal information that is made available to the public is one good way of making data is secured from possible leaks.
However, there are other methods available to minimize the possibility of exposure. You should consider setting up a burner email, which is a dummy email account that your company can use when they sign up for a service or site that they do not want to provide their real email address to. In case your email account has been compromised, there is the “Have I Been Pawnd” online tool that lets users search through different data breaches to determine if their email address has been breached.
Ransomware is another cyber security threat for businesses. It is a kind of malware that encrypts the data of a businesses and can only unlocked in exchange for a large fee. Although the data that’s saved on the computer could be vulnerable to ransomware, these kinds of cyberattacks have also grown in popularity with the emergence of cloud services for data storage.
An increasing number of business are choosing the cloud for storing data. But there appears to be a misconception that cloud data storage is much safer and secure than the hard drive of a computer. Businesses must make sure that the valuable data is always backed up in different places.
Even though malicious programs and software continue to develop, security software these days are adapting to cope with online threats, too. That is why it is crucial for businesses to update its anti-virus software all the time.
On the other hand, there’s also a misconception that anti-virus alone can deal with ransomware. Companies have to make sure that they invest in a reliable software that could protect them against cyberattacks.