Data Breach Online fraud

Data Breach: Protect Your Small Business

data breach

Introduction

In every 10 data breaches, 9 are possibly on the small businesses. Data security is the fastest growing threat to your business. But most of you must be thinking that why cybercriminals haunt for small businesses? Well, the matter of fact those small businesses aren’t thwarted to such cybersecurity attacks. Small business owners are not educated enough to cope with the situation plus they don’t have sufficient resources to push away these risks. But you people, don’t have to worry about how you can protect your business against data breach as we are going into further detailing of Recent famous data breaches which affected businesses. How do they happen? Which data is stolen? And Data Security Breach: Impacts on Your Business blogging chain.

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Get insights into the data breach

You are well aware of Data Breaches, after reading our previous blog posts but this is not everything you should know about. Field of the data breach is boundary-less with new and modern scams and malware popping out every other day. As stated by Norman Guadagno, Chief Evangelist, Carbonite, “It only takes one click for malware, viruses, and ransomware to infiltrate your system, compromising important business data.”

In this scenario, the first step is to educate yourself about the data breach, how they happen, and which data is at risk. Educating yourself is not sufficient. You need to educate your employees, create an environment vigilant to data breach and copping management against such attacks. Test your employees to detect a phishing email and cover loopholes to improve your system.

Christopher Roach, MD and nation IT practice leader, CBIZ Risk & Advisory Services suggest that “Hiring a third-party to conduct social engineering or facility breach exercises, can help you understand whether your security policies and awareness programs will actually prevent outsiders from obtaining valuable client information directly from your employees.”

Know about your data

If you’re among those having sensitive information stored in multiple locations and don’t know their exact location such as credit card numbers or personally identifiable information (PII) that can be linked to an individual, is a major concern among security experts.

Only 16% of organizations know where their data resides and a minuscule 7% knowing the location of all sensitive unstructured data, including data in email and documents.

Steve Jobs recommends on PCI Compliance Guide that you should assign a specific individual to be responsible and accountable for monitoring and protecting the sensitive data your business handles.

Create a simple spreadsheet having all information about folders containing sensitive data, its location, and who is responsible for it. Review the spreadsheet on a quarterly basis and never store cardholder data period.

Encryption is a must

Most operating systems come with encryption tools, such as Windows-Based Bit Locker and Macs File Vault. However, if you have to transmit data like emails, make sure it is encrypted and never ever transmit any data over public Wi-Fi networks.

Outsource payment processing

Every major attack against credit card data has exploited a single vulnerability of merchants that are still permitted to handle actual credit card data in their systems. Instead, properly combined point-to-point encryption and tokenization technologies should be adopted whenever a card is swiped.

Using a secure token returned to the merchant with proper authorization, reduces the risks on vulnerable cardholder information as the onsite database only holds token that is meaningless and valueless to thieves.

If it seems too complicated then avoid handling credit card data on your own and rely on reputable vendors, regardless if it is for point-of-sale or web payments.

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Use multiple security

The first thing to do is to create a complex password, use upper and lower case with special characters. Normally a password should be changed after every 90 days and never share and write down your password. Use multi-factor authentication which uses a password and other factors to verify passwords such as different questions and fingerprints.

You should regularly update your tools to detect malware. Also, educate yourself about the happening of malware attack; the tactics that cybercriminals usually used. Preferably use a malware detection solution that can work in the background rather than relying on other options as user downloads or registration.

Physical information

Mere online and cloud-based data protection is not sensitive to be protected but your physical information is it – paperwork, receipts, hard drives, laptops, flash drives, and disks – are equally important. If you no longer need any physical data, you should properly dispose of it off.

Data breach insurance

If you’re in a business, you should be concerned about all security measures against data breach attack rather than onsite action. Most small businesses can have data breach insurance coupled with a number of other insurances of relatively small size. Data breach insurance can cost as little as few hundred dollars which is better than the cost to repair the damages of a data breach.

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Data breach is a threatening point that shred your whole business with just one struck. Having full frame to secure your business from unwanted risks is all you need to do. Small business owners should adopt these precautionary measures in prior to any data breach attack as

Action is always better than reaction

About the author

Zeeshan Riaz

Mr. CH. Zeeshan Riaz is founder of TheCyberForm, Prior to starting the firm he was working as IT Operations Director at a Multinational Company. He has been working in IT sector Since 2010.

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