5 Digital Security Threats that Every Business Faces

Posted on: June 27, 2019

Cyber Security

Data breaches are nothing new, and they can be extremely damaging to a company. All businesses need to train their employees on how to manage sensitive data and keep it safe. Here are some of the common cybersecurity threats and how you can manage them:

1. Phishing

Phishing is probably the most common method used to hack into websites and business accounts. Companies especially suffered severe attacks in 2018, and this problem can cost businesses billions. Phishing is no longer just about poorly worded emails asking for credit card information- it has grown to become a lot more sophisticated. A common method used nowadays is to send an email appearing to come from a legitimate company. With these emails, the criminals can obtain sensitive information on the company, giving them access to important accounts. To prevent loss of data through phishing, you should train your employees to recognise suspicious emails.

2. In-House Security Breaches

Another threat to your business is the in-house data breach. This occurs when an employee passes sensitive information to malicious parties, including your competitors. In some cases, the data can be lost because of carelessness and in others, the employee may ojust sell the information because of their dissatisfaction with your company. You should start by training your employees on how to secure the company’s data. Cases of selling information can be controlled, but they are hard to eliminate. One way would be to monitor the employees’ access to information so that you can find out who leaked the information. You should also have your employees sign strict agreements when they join or leave your company.

3. Natural and Human-Made Disasters

Disasters can occur anywhere and at any time. Recently, these problems have been happening more often, and they can have a severe impact on your data. Disasters like rain, fires, and storms can lead to the loss of your information, and this is why you need to set up a disaster recovery system. At the same time, you should make sure your damaged servers are adequately disposed so that the lost data does not end up in someone else’s hands.

4. Ransomware

Dealing with terrorists has never been a simple process. In the digital age, they can block access to your entire network until you pay a certain amount of money. Since they are criminals, there is never a guarantee that they will remove the block when you send the money, and that can lead to a serious dilemma. The best way to protect your data from such cases would be to purchase an antivirus program. Powerful programs can be very expensive, but they are cheaper than what you would have to pay for the ransomware to be removed.

5. Cloud Computing Risks

Cloud computing is one of the best innovations in the recent past, and it is especially important for businesses. The problem with cloud computing is that it has made it possible for criminals to access sensitive data. To make sure your company’s data is safe, you will need to use the services of a reputable IT service, and they should have dual factor authentication as a feature.

Conclusion

Companies can lose millions because of data security breaches, and that means they have to manage their data properly. Some ways of preventing data breaches include training your employees on how to manage data, having them sign water-tight agreements, using the services of reputable IT providers, and buying powerful antivirus programs. You should also have a data recovery system in case your servers get damaged. You can enlist the services of a qualified IT specialist like Excalibur Communications to help you secure your data at all times.