The days of businesses only having to worry about physical security breaches are long over.
We live in an era of cybercrime and data attacks, meaning that no business can afford to not prioritize data security. The number of ways a cybercriminal can access your company’s data by breaching its digital walls is growing at an alarming rate.
To keep your company’s sensitive data secure, multiple measures need to be in place. Below are five of the most crucial data privacy tips for your business – implement them now, before it is too late:
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1. Access Credentials Check
You would be amazed (read horrified) by how simple some employee’s passwords can be.
Most data breaches get chalked up to stolen passwords because they are too weak to begin with. All passwords should be as complex as possible, without needing to involve the I.T. department for help.
Do a company-wide check to ensure that all passwords meet the mandatory requirements set forth by password managers or I.T.
2. Implement A Transparent Privacy Policy
Data privacy extends far beyond the walls of your business.
There are privacy laws applicable to your state or country of operation, and these need to be transparent on your company’s website. This policy should detail your business’s online information processes regarding data processing, use, and storage.
Mention the types of data your business collects and open the channels for your customers to contact you if they have any concerns surrounding their private data.
3. Understand Data
Private data is big business.
The only way to eliminate preventable data breaches is by understanding data and what truly makes it so valuable in our modern world. Building personal profiles on consumers is essential for influencing their purchasing decisions, often without them even realizing it.
These days, data collection has gone far beyond basic data tracking such as age or gender, and lurked deeper into questionable areas like health data and movement monitoring.
To do its best to prevent cyber-attacks, your business needs to know what data to protect the most.
4. Restrict Access
Access restriction is one of the most effective ways to keep tabs on your company’s data by limiting those who have access to it. Reduce the risk of breaches, data loss, and unauthorized disclosure by keeping access on a need-to-know basis.
If an employee requires access to the data to perform their job functions, they can get access. If they don’t – they should never be allowed to gain access to sensitive information without a good reason.
5. Test Your Security Systems
The only way to truly know how effective your security systems are is by hiring people whose sole job is to breach them.
By performing penetration tests regularly, your teams can uncover vulnerabilities and correct weaknesses in your systems before other people take advantage of them.
Don’t pay the price of not doing everything in your power to secure your systems and protect your company data – coming back from a significant data breach is a costly and exceptionally difficult task.
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