3 Ways to Protect your Business Data 

An individual’s most prized asset is their privacy, and it is no different for businesses. In fact, a business’s private data can be incredibly valuable, especially if it is a large organization.

A typical company will need to store its bank details, tax information, the personal details of its employees, business partners, and the plans for upcoming products. This is why business data is so sought after by cyber scammers and insider threats, who can either sell the data on, use the company’s personal details for their own ends or just cause lasting reputational damage to the brand by sharing its private information.

Therefore, you must protect your data from these attackers at all costs to safeguard the health of your business and the personal safety of your employees.

Here are three ways to protect your business data:

Data losses often stem from an insider threat

It is easy to believe that protecting your business data is about defending yourself from outside threats, but the truth is less clear-cut.

Although many data leaks result from outside interference, there are a significant number of breaches that originate from an individual close to the company. These individuals are called insider threats.

An insider threat is someone who is either an employee of your company or someone close to it who has access to private data – such as an investor, business partner, or contractor.

It is worth pointing out that not all insider threats are malicious. Many are just employees who suffered a phishing attack, had their work device stolen, or shared the data with the wrong person.

Regardless of this, it is wise to understand what an insider threat is and put steps in place to prevent them from happening. Click here to learn more about insider threats.

Create dedicated security protocols

The most effective way to protect your data is to accept that it is at immediate risk and put a suitable strategy in place to deal with threats.

You can do this by making a standardized security plan, which all members of your company follow daily.

These protocols could include setting strong passwords on all accounts, not clicking on unsolicited work emails, and contacting a superior if a member of staff notices something suspicious.

Creating a standardized system reduces the chance of human error creeping in, making it easier to combat any threats as a team and ensure that your employees are well-versed in data protection and cyber threats.

Use cloud storage to protect your data

If you are unsure where to store the data itself, it could be worth learning more about cloud storage capabilities. You have likely used cloud software on your smartphone or computer before, but it is a great place to store your work data, too. It is stored on an online server rather than any individual device and protected by two-factor authorization.

This makes it extremely difficult for anyone unauthorized to hack your system and steal any private data.

However, like any account, your cloud storage is only as safe as the password you give it (and the people you give the password to), so make sure you monitor your account regularly.

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