Tips for protecting your business’s corporate data

Posted on Monday July 15, 2024

Recent cyberattacks on multinational corporations highlight the ever-present risk of data breaches. For businesses of all sizes, a data breach can be devastating, potentially leading to financial losses, reputational damage, and even customer churn. Through this blog, we’ll help you strengthen your data security posture and empower your business to thrive in today's dynamic threat landscape.

Use two-factor authentication

Using a complicated password to secure your system is not an effective way to level up your cybersecurity. That’s because having to memorize a difficult password often pushes users to set that same complex password for multiple accounts. And if a hacker gets a hold of a recycled password, there’s a high probability that they could access all your accounts that use that password.

Two-factor authentication (2FA) adds an extra layer of security to your systems and accounts. 2FA comes in many forms; for instance, it can be a biometric verification in the devices that you own or a time-sensitive auto-generated code sent to your mobile phone. This security feature works similarly to how websites would require you to confirm your email address to ensure that you are not a bot.

Encrypt all data

Encryption is an effective obstruction to hackers since it scrambles and descrambles data every time someone tries to read it. Encryption also causes compatibility issues if the data is not being accessed via a company’s own network systems. While applying encryption can be expensive, it is certainly well worth the money because it protects your data in case it falls into the wrong hands.

Keep systems up to date

Many companies don't install software updates immediately, and that's a huge problem. This is because hackers are always upgrading their tools to take advantage of outdated applications and systems. By installing updates as soon as they become available, you can close existing security holes and keep your data protected.

Back up frequently

Implementing several layers to your security doesn’t ensure that hackers won’t find their way into your systems. This is why you need to back up data frequently, whether it’s on site, off site, or by way of cloud backups. In the worst-case scenario where your systems do get infiltrated, you can restore lost data from your backups.

Monitor connectivity

Many businesses have no idea how many of their devices are connected online at a given time, so it’s very hard for them to keep track of which of these should actually be online. Sometimes, a company’s computers and servers are online when they don’t need to be, making these tempting and easy targets for attackers. It’s advisable to configure business servers properly to guarantee that only necessary machines are online and that they’re well protected at all times.

It’s much more expensive to recover from a data breach than to prevent one. If you’re looking to protect your business IT systems from potential threats, contact us today so we can help.