How Businesses Are Catching Up With Increased Needs For Cyber Security

Cybersecurity is becoming a pressing problem for individuals and businesses alike with many of us falling victim to a hack of some kind. However, keeping your business safe from these cyber-attacks should be a top priority as under 50% of businesses in the UK do not protect themselves from this style of risk. Whether you are changing the computers in the office or implementing a number of security programs to prevent phasing emails and other potential scams, it is important to make this a top priority. In this article, we will be looking into a number of different ways that businesses are beginning to catch up with the increased need for cybersecurity.

The Threat Of Technology

Though technology has helped us in every part of our lives, there are a number of negatives that can come along with it. Whether this is a loss of information due to hacking or phishing emails being sent to large corporations, this can all have a profound effect on business and its daily operation. But with many not implementing software to help prevent this style of cyber threat, there is set to be a steep increase in the number of cyberattacks in the next 10 years.

Train Employees To Deal With Threats

One of the biggest things your business can do is train employees to deal with any threats that may occur. With a number of international hacks that have been quite damaging to businesses in the past, such as the infamous Equifax firm, there is plenty that can be learned to ensure that history does not repeat itself.  Whether this is training them in a number of threat detection software’s used by your business or providing them with information regarding the types of threat that can be made, this will all help to ensure that the risk to cybersecurity is minimised.

By hosting a training session every month, you can begin to ensure that your business is fully aware of all the risks that may be associated with a cyber threat. It may also be beneficial to send round an email or put posters up in the office as this will ensure that your staff is constantly reminded to avoid saving passwords on Google or your computer due to 88% of breaches taking place as a result of human error.

Take Advantage Of Data Encryption

With the development of blockchain technologies and the implementation of alternative finances such as Bitcoin, blockchain technology gave many a platform to explore the capabilities of trading particularly in complex markets such as the Forex market as all information is encrypted. Unlike traditional trading, trading on the Forex market with cryptocurrencies is often considered far more secure as it allows for data to be encrypted for maximum security as well as the currency to be stored a secure wallet with a unique key for that user. This decentralised system and blockchain technology have been implemented in a number of businesses to provide a more reliable way of storing data and making a number of transfers. Blockchain technology can not only help to prevent theft of any kind, but it can also help with the hiring process as well as other aspects of your business particularly if you are looking to trade international on Forex markets.

Blockchain can also be implemented within a business to help international trading. Not only will it provide a secure platform for faster payment capabilities, but its encryption data as well as provide A wallet system to ensures that each transaction cannot be intercepted at any point. This is crucial to the success of cybersecurity as international trades as well as online payments cannot be infiltrated when using some form of blockchain system.

B2C/ B2B Businesses Use Password Management Tools

Though it is important to not save passwords onto your computer or a Google account, there are a number of applications such as LastPass and other password management tools that allow you to encrypt the data whilst keeping all your passwords safe. Though there is still a risk with this style of software, it is much more secure than just saving to a Google account.

In addition to this, you can have shared accounts on applications such as this, giving restricted access to the people that need it. This is beneficial for those with large offices as some applications allow you to provide control to accounts through an administrator, giving you complete control over who has what password when it comes to managing clients in the long term.

Update All Systems Frequently In Any Industry

Though password protection and employee training are highly beneficial for a business’s success keeping all systems up to date can give you the edge against cyber hackers. With a number of security patches for software, keeping all as up to date as possible will help to eliminate risks. Whether it is a project management software that you are using or an outdated operating system, this can have a profound effect on business. With a number of older software’s no longer being supported by security updates, you are putting your business at risk by running outdated software.

Though it can be expensive to update the technology every two years, it is important that you do so as this will help to prevent security risks in the long term. With 57% of cyber breaches taking place due to an unpatched vulnerability ensuring that all software is up to date is needed in order to fully prevent a data breach of any kind.

Whether you decide to implement a brand new blockchain management system for cybersecurity or begin with training sessions to help prevent a security breach, this can all help to protect your business and ensure that all your employees are on the same page when it comes to protecting customer data.

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