Between 2013-2014, hackers broke into over 3 billion client accounts and sabotaged Yahoo. Three billion. Since Verizon received it in 2017, the impact of security breaches in Yahoo has been estimated at $350 million. Every company and every business must be concerned about data security if it is not the victim of severe security breaches. A study by the Ponemon Institute suggests that, overall, each data set costs $148 million.
According to the Wombat 2018, more than 76 percent of organizations reported phishing attacks. The shift from businesses and data units to cloud alternatives, such as start-ups, which may not handle confidential or dedicated cloud options, makes businesses much more likely to address problems such as strikes and malware. This is especially important if your company is dealing with customer data and payment gateways. In addition to the legal and financial consequences of a data breach, consider the damage to your company’s reputation. A data breach is expensive, and a business operator would take all possible steps to ensure that it does not occur. Here are tips to help you get your security ducks inline.
Stick to Basic IT Security Principles
When it comes to computer security, use complicated passwords, do not open links from unrecognized sources, and do not open emails from suspicious addresses. Hackers will look for these behaviors at every step. Software companies with systems can invest millions for antimalware systems.
Train Your Employees
As already mentioned, the vast majority of organizations are under a phishing attack. They refer to cases when targets are contacted by thieves who want to steal valuable information. These are in the form of emails, and hackers can make the recipients look real. Employees who are trained not to distribute information must be trained in computer security. Prevalent phishing, known as “spear phishing,” targets a high-tech employee who has excellent access to sensitive information. Unlike phishing, spear phishing could be a breakthrough. This is precisely why employees must be trained to detect such attempts.
Use Two-Factor Authentication
If you use a combination of user name and password, you should not compromise. If you use authentication, use it. Users are asked to confirm an email or enter a code. This may be used not only for customers but also for employees. You should know that authentication is not infallible. Training is essential, and authentication can fail. By clicking on an email, a fraudster could allow an employee to see access through the link and by clicking on an email quest.
Encrypt Your Data
Data encryption is essential for sensitive information. Encryption means changing information. With the encrypted keys and data, you’re taking another step for security. Even if a start-up doesn’t have a security expert, there are other solutions to encrypt your data. Companies like IBM offer companies supported by qualified services.
Make Penetration Testing Part of Security Routine
The penetration test is another tool to protect your data. They can probably detect fatigue and vulnerabilities. The scope of these assessments will vary, as there are several price points for companies. Be sure to review the company’s policies, as different companies, like the health company, are required by law.
Install Software Update
Running an outdated version of the software that works could be harmful because it can be security patching that hackers can exploit when deployed. The older the system, the more intense this problem becomes. We recommend upgrading if you are working with Windows 2000, although it is not a big deal if you overlook the fact that it is better to upgrade with Windows 10.
Use Cloud Solutions
As a company or start-up, you won’t have the means to have significant capital. Therefore, companies host their information and data. We advocate that companies make their choice of cloud hosting. The alternatives are more vulnerable to security breaches than the other options. In other words, we recommend leaving an IT company like Amazon, Microsoft, IBM, or even Salesforce. There are tons of IT companies that take data security very seriously and offer cloud options for businesses.