Bahaa Abdul Hussein is a Fintech expert and shares his experiences with his audience through his blogs.
Chances are if you’re reading this, you’re a business owner or manager who is (or should be) concerned about cyber security. After all, it’s not just large corporations at risk – any business can be hacked, potentially causing massive financial damage. So what can you do to reduce your company’s vulnerability? Here are a few tips.
Educate your employees about cyber security risks
One of the best ways to reduce cyber security risks for your business is to educate your employees about the dangers of cyber security risks. It includes clicking on links from unknown sources, downloading attachments from unknown senders, and sharing passwords with others. Employees should also be aware of the importance of keeping their computer software up to date, as outdated software can be a major security risk.
Use strong passwords and password management tools
Another way to reduce cyber security risks is to use strong passwords for all your online accounts and use a password management tool such as LastPass or 1Password to keep track of them. Creating a strong password is important to protect your information online. To do this, experts recommend using passwords that are at least 8 characters long and include a mix of letters, symbols and numbers.
Switch to two-factor authentication
Two-factor authentication is an additional layer of security that can be used to protect online accounts. With two-factor authentication, users must enter not only their password but also a code sent to their phone or email when they try to log in. This makes it much harder for miscreants to access accounts, even if they have the password.
Use a firewall
A firewall acts as a barrier between your computer network and the internet. By analyzing data passing through it, a firewall can help to prevent unauthorized access and block certain IP addresses efficiently.
Keep your software up to date
One of the easiest ways for miscreants to gain access to a computer is through vulnerabilities in outdated software. It’s important to keep all of the software on your devices up to date, including your operating system, web browser, plugins, and applications. Most software updates include security fixes for known vulnerabilities, so installing them as soon as they’re available is important.
Use encryption
Encryption is a process that scrambles data so that someone with the proper key can only decrypt it. When data is encrypted, even if a hacker intercepts it, they will not be able to read it unless they have the key. Many businesses use encryption for sensitive data such as customer credit card information and employee social security numbers.
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