We can all agree that with the increasing number of online tools available for us to use, managing a business has never been easier.
Now we are able to look at:
- our inventory,
- staff schedule,
- promotion ads insights and more in just one dashboard!
These online tools have presented us countless ways on how we can target our audience, keep our employees effective and motivated, and expand in a manner that was not possible before.
Protecting Your Small Business From Security Breaches
However, with improvements in technology come big problems too, specifically, hacking. It is the act of breaching computer defenses and exploiting system weaknesses to steal or corrupt digital assets. Hackers today are not picky with targets, in fact, they will most likely target small to midsize companies more.
We all know now that even big corporations, who are known to invest tons of money in cybersecurity, are not safe anymore from hacking. Proof of this is the Sony Pictures hacking, which not only released the film ‘The Interview”, but also disclosed confidential information on employees. There is also the HBO hacking which also divulged the information of employees and actors, as well as release the scripts and reels of the hit show ‘Game of Thrones.’ So we know that no matter what, all companies must always be looking for little kinks in their cybersecurity system and prevent breaches like these from happening.
Michael Kaiser, a National Cybersecurity executive director, was featured in an article from Future of Business and Tech to talk about how hackers target their prey. In this interview, he said something quite startling: that hackers usually tend to target small businesses more for play. They are literally just after exploiting their lack of knowledge and resources to secure their systems properly.
Ways to protect your business
The good news is that there are a couple of ways you can start securing your system without having to shell out a lot of cash.
- Make use of the WHOIS privacy system to take control of your domain name and information and avoid identity thefts
- Take a look at your digitised information saved on a cloud system. and anticipate which ones hackers will be interested in. While all information should be secured, prioritise sensitive information first like employee account numbers and addresses, or supplier contracts.
- Have an alert system setup that will notify you when a breach is happening.
- Consult an expert about how you can protect your digital assets, countermeasures to enact in the event of a breach, and how you can recover from it.
However, while you are practicing these, make sure you start investing little by little in the proper cybersecurity systems. Talk to specialists and collaborate with them so you can slowly build a good defense against hacking. You should know that it does not stop with just stealing your confidential information. Hackers can use these to target you personally. So make sure that you take particular of your digital assets and keep all of them under lock and key at all costs.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.