5 Things Every Business Owner Should Know About Cyber Security  

  • 1 | 17 | 19
Cyber Security

Cyber security has never been more important, especially for small businesses. The number of small businesses targeted by cyber criminals rose by more than 10% in just 2 years between 2016 and 2018. According to Forbes magazine, the cost of cybercrime to businesses around the world will be close to $2 trillion by the end of 2019--and this trend shows no signs of slowing down. It's just smart business to make sure that your sensitive business information and your customer's personal and financial information is protected.

What You Need to Know About Cyber Security

1. Don't store information you don't need. The less information you store, the less vulnerable you'll be to cyber criminals. Need additional incentive to clean up your data? Companies that are careless with the storage of sensitive customer information are not only at risk for cybercrime but can even be fined by the Federal Trade Commission.

2. Insist on complex, unique passwords. Make sure that your data files are always protected by a unique password. You'd be surprised how many companies use the same password for all of their files. In addition, you'll want to make sure your passwords have special characters, numbers and a variety of capital and lowercase letters.

3. Get all of your employees on board with cyber security. Education plays a large part in keeping your data safe. Any employee with access to your files can inadvertently download a virus or malware that will give criminals free range to all of the information on your servers. Make sure that everyone knows your procedures and hold them accountable for slip-ups.

4. Separate your financial transactions from your other Internet activities. Credit cards, debit cards and bank account numbers are some of the most popular targets of cyber criminals. Make these items less vulnerable by using a separate account and even a separate computer network to process payments.

5. Limit the number of employees who have access to sensitive information. Do all of your employees need to have access to sensitive customer data? Probably not, but they likely do have this access if your system has one network with one general password.

Cyber theft isn't just a problem for huge corporations. It can affect businesses of any size. To learn more about keeping your business protected from cyber criminals, contact the experts at Reliable Technology solutions.