The world of technology is no less than an arms race. While it’s normal to have tech companies competing with each other, there is also a competition that is raging between tech companies and cybercriminals. There’s a very good reason that almost all of the bigger and more popular businesses make use of top-end security measures. With prestige also comes a target painted on your back, after all.
But what about for smaller businesses that have yet to make a name in their chosen industry? How do they strike a balance between getting a reliable security suite versus spending a lot of money for a suite that protects them from threats that may not even exist, to begin with? Well, this varies between businesses, but the core components of a security suite should always be present. These are the security measures that you need for your business:
A firewall is the most basic form of cyber protection you can get. It repels most forms of cyber attacks, and multiple layers of firewalls can also be used for added security. It is available in most computers, but there are also more potent iterations like a Hip firewall that only allows outbound connections.
Any digital device used for the business needs to have antivirus and anti-spyware software installed. This includes computer servers. It’s also important to limit the number of people who have access to these devices. If your business engages in research, it’s important to conduct these studies off-site at a secure location. It’s also important to keep backups of your important data just in case you need to purge your system as a last resort to eliminate a threat. Weekly backups are ideal.
Secure POS Systems
In the instance of fraud, the liability to replace any losses borne out of fraudulent activities No longer Lies with banking but rather with the merchant and card providers. So if you, a merchant, processed a fraudulent transaction, you will be held liable later on to replace the losses related to your business to the victim. To avoid such a scenario, it’s of supreme importance that you update your point-of-sale systems that have EMV technology as soon as you’re able to.
EMV cards have embedded microchips in them that help verifies an account. This is leagues more secure than cards that make use of only magnetic stripes. Alternatively, you might even want to switch to a cloud base PoS system.
Data Encryption And Tokenization
It’s important to encrypt any sensitive data that you may acquire during the operation of your business. This encryption should but applied to all company-issued computers and phones in order to minimize the exploits you might have in your system. It’s also important to train your staff to detect phishing attacks. This also helps combat against off-site hacking attempts. Encrypted data does not have any value because, without the right devices such as the computers at your headquarters, the data will be nothing more than a string of random characters.
It’s important to note that these are merely the essentials of a cybersecurity suite. Your businesses, as well as your usage, may vary, but the principle here remains the same. Build a strong foundation for your security systems and add the specific systems that you think you need on top of it. This also includes what would be deemed basic security measures like securing your email account. The matter of security is one that should never be overlooked. Having bad security isn’t just going to hurt your business reputation, it can even put you in legal jeopardy.