Conducting business online opens several opportunities but also poses risks. Earlier this year, hundreds of companies had data breaches, exposing sensitive information of clients and employees.
Klook, a phone application that does millions of bookings every month, announced on the 29th of June that around 8% of their users’ information had been compromised through a faulty tool their company used to manage their website. Similar scenarios happened with Adidas, Orange, and TaskRabbit in the same month.
Given the access everyone has to the internet, safety and security should be the utmost priority, especially when companies such as Klook or TaskRabbit conduct transactions and payments online. The following are five tips to keep your business secure:
Keep the organization up-to-date with cybercriminals’ latest tactics and update the company’s processes, policies, and systems to minimize the threats. Phishing, identity theft, and hacking are still common forms of cybercrime.However, outsidersare not the only thing threatening the company’s security.
Outdated and unpatched software, firewalls, and endpoint protection software should be regularly updated. Install data-loss prevention, anti-spyware, and other viable risk-assessment software that monitor the network’s activities and prevent possible breaches. Malware is everywhere on the internet, and these basic tools could save the company thousands of dollars from a hacking incident.
Keep data as private as possible. Reserve administrative software controls for employees whohave the approval to use them and with necessary training and experience. Encrypt communication on wireless networks, encrypt and monitor confidential drives and folders, and establish strong authentication policies that should be followed by the entire company.
Regularly clear cookies and scan the network for possible security breaches.
Securing company protocols is not enough. Partner with cybersecurity experts that can help manage the company’s system and point out cracks and holes that need fixing. When it comes to paying suppliers via online payments, ensure that the payment channels are credible and that the Internet including the Wi-Fi connections are secure.
Wi-Fi passwords, admin passwords, and other authentication mechanisms should be protected, regularly changed, and kept among people who need to know. If the company is small, limit this knowledge to the IT department and other department heads to prevent information leaks.
Training employee to put a premium on confidentiality with proper surfing guidelines. This will make them more vigilant from phishing techniques, doubtful websites or spam emails. A business’ security policy is essential to an employee’s basic knowledge. Provide employments with an action and contingency plan in case of virus infection or information breach.
Filtering through websites begin with the browser the company chooses to use. Microsoft Edge, Google Chrome, and Firefox all have safety settings that can be tweaked according to the company’s preferences. Block websites listed as ‘Unsafe’ and torrenting or file sharing sites.
As technology evolves and improves, there are techniques to stay one step ahead of those with bad intentions for your company. Wilson Consulting Group’s (WCG) offers a comprehensive suite of services that can assist your company fight against malware and cyber-attacks.
WCG offers vulnerability assessment and privacy assessment to help in determining your risk of malware attacks, and guides you in choosing the right endpoint solutions for your environment.
We also offer security and development training, security analytics solutions and other services that can assist your organization in the fight against malware. Make the step in securing all vectors and channels in your organization to minimize risks and improve your security profile.
Many cyberattacks succeed due to mistakes by employees and a lack of awareness of basic aspects of cybersecurity. According to the 2022 Verizon Data Breach Investigations Report, 82% of data breaches in 2021 involved the human element.
On May 7, 2021, Colonial Pipeline, Co. was forced to close operations after a ransomware hack was confirmed to have breached their systems. This attack hindered services to the East-coast of the United States and sparked fears of a massive gas shortage to American motorists. This hack greatly compromised Colonial Pipeline’s system integrity and put private data at risk.
5G is a wireless technology with higher speeds and increased bandwidth, which means that you can download/stream videos online at a faster rate without worrying much about the number of users on the network. 5G networks also help reduce the time needed for data to travel across the network. This process is called latency, which is a major factor in automated processes, such as self-driving cars and factory robots. Due to the massive connectivity of devices collectively known as the Internet of Things (IoT) across 5G networks, viable and in-depth security measures should be in place to prevent cybercriminals from hijacking the connected devices or launching Distributed Denial of Service (DDoS) attacks.
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