Finally, we come to your data. Depending on your particular industry, the data you collect and store could potentially be quite valuable. A cybercriminal could make anywhere from to 0 per record by selling sets of a person’s name, address, phone number, and credit history on the Dark Web. Bank details are a prime target for thieves. If your business stores that type of information, you can be certain there are regulations to protect it. Your data needs to be secured, so a few practices will help you to do so.
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- Restrict data access. You need to enforce considerable authentication measures so your data is securely accessed. Two-Factor authentication measures should be implemented reducing the risk of an account breach or a data leak by up to 90% in most cases.
- Update your security. Cybercriminals are always busy trying to devise new methods of undermining your business security and the good cybersecurity developers are always responding in kind. So, as patches and updates are released for new and developing threats, you need to make sure that you are putting them in place quickly.
- Regulatory compliance. Regulations exist for many industries and are intended to maintain cybersecurity standards. This includes the Payment Card Industry Data Security Standard (PCI DSS) and the assorted state and federal privacy laws that have recently been adopted. If you aren’t compliant, you need to fix that as soon as possible.
- Backup your data. Whether due to a malicious attack or bad luck from accidently clicking on a phishing email link, data loss is one of the worst things that can happen to a business in terms of financial survival. Insulate yourself by maintaining a 3 -2 -1 backup strategy: three copies of your data on two different types of media and one copy offsite.