Almost every company stores and accesses sensitive information digitally. While this practice is very convenient, it also makes the data vulnerable to hacker attacks. Nowadays, hackers are more versed in discovering vulnerabilities in companies’ security practices and gaining unauthorized access to a network. They intend to steal sensitive data, which can do a lot of damage to businesses and people if it falls into the wrong hands.
However, there are several precautions you can take to protect your company from such attacks. Read on to learn the top 9 proven ways to protect your company from hackers.
Acquire Cyber and Privacy Insurance
RThe regular BOP coverage will cover you in case of bodily injuries, unfounded lawsuits, and property damage. However, you shouldn’t overlook the importance of proper cyber and privacy insurance.
Cyber and privacy insurance policies can protect your company from hackers who might gain access to sensitive data. Additionally, they can protect you from losses caused by confidential data loss and data breaches. Last but not least, cyber and privacy insurance can help you recover from the financial hurdles cyber breaches can cause.
Update Your Software
Outdated software is vulnerable so you need to ensure your programs are running the latest version. Software companies are continually refining the products’ security protocols, but they won’t apply to your apps and tools unless you update the software. You can choose to auto-update the software for even greater convenience, so any patches and improvements are updated in the background as soon as they roll out.
Encrypt Sensitive Data
Encryption essentially changes information to unreadable by anyone except those with a special key to transform it back to a readable form. So, even if hackers breach your system, the information they would get will be useless without the key needed to decipher it. As a result, hackers won’t be able to use the data maliciously.
Use Multi-Factor Authentication
Having everyone in your company use two-factor authentication is the simplest yet most effective tool against hackers. Two-factor authentication requires new sign-ins to verify via phone, email, or code before any data is provided. This can help stop hackers since it’s unlikely that they will gain access to the secondary device too.
Implement Anti-Malware and Anti-Virus Programs
Employing professional-grade anti-malware and anti-virus programs is a must to protect your company from hackers. These programs can detect unauthorized software or code that might cause harm and ensure your data is safe. You should keep anti-virus and anti-malware programs running on all devices, including laptops, tablets, and smartphones. Also, schedule regular scans to ensure your devices are virus-free.
Back Up Your Data
You should make it a practice to back up your data, especially sensitive information like human resources files, databases, and financial data. Additionally, separate the data stored in the cloud. Instead of storing all your files together, separate them by sensitivity. Moreover, boost your cloud security by setting user permissions. Finally, it’s advisable to have multiple backups in the cloud but also offsite to strengthen security.
Use Complex Passwords
It might seem obvious, but using complex and secure passwords is important to prevent network invasions. To create secure passwords, you should combine symbols, numbers, and letters. Use at least eight characters and uppercase and lowercase letters as hackers tend to break easy and shorter passwords.
Also, never put the same passwords on multiple accounts and don’t save them in browsers or other insecure programs. Finally, consider investing in password-management software if you have too many passwords to remember.
Strengthen Your Email Security
When it comes to digital entry, emails are considered the weakest point. So, it’s important to enhance your email security by getting software that scans the emails for potential malware links and viruses. Moreover, educate your team about email safety precautions and get them familiar with the most commonly used phishing tactics and email scams.
Mobilize Your Security Policies
The bring-your-own-device practice is very convenient for every company, but you shouldn’t overlook the potential security issues associated with it. If your team uses personal devices to access sensitive data, create a comprehensive BYOD policy that would cover acceptable use, company-provided components, company rights, and minimum required security controls.
Protecting company data from hackers is an ongoing process that involves a comprehensive strategy. Beyond following the proven ways we’ve outlined above, you should conduct regular vulnerability assessments and penetration tests to ensure you’re on the top of your cybersecurity game. Finally, educate your employees as many data breaches come from employee errors or lack of knowledge of basic data security.