If you’re a business owner, or you’re new to business management following a recent promotion, then you might have some concerns about business security. After all, with the rise of technology in the digital age, it’s easier than ever for fraudsters to attack your company.
Luckily, there are many strategies that you can put in place to prepare your business for security and data breaches – in this guide, we’ll be discussing the best ways to effectively improve your business’ security and win over the trust of your customers.
Secure your office space
One of the easiest ways to improve the security of your business is to secure the office space it uses. Make sure that you keep track of any individuals who have a key to the premises and set an alarm system that can alert you if anyone enters who isn’t supposed to.
It’s also important that if any keys are lost, then locks are replaced to keep the environment secure – you never know who might find an access key, and their intentions might not always be positive. There can be security risks around office space in any company, but this is especially the case in a coworking space where data could be open to attack. In these circumstances, it’s important to share the responsibility of keeping co-working spaces safe and being aware of any suspicious activity.
Provide adequate employee training
It’s been proven that an average of 85% of data breaches have a human aspect, and human error is one of the biggest factors that fraudsters rely upon when carrying out data hacks or office break-ins. While you can not always predict how likely an employee is to cause a data breach, there are plenty of training activities and information that you can provide to ensure your staff is as prepared as possible to deal with any attacks. In turn, this will increase their confidence levels around working in the business and improve retention rates within your organization.
Prioritize cybersecurity management
Another strategy for improving your business’ safety is prioritizing your cybersecurity management; for small businesses, this is more important than ever. Statistics show that a whopping 71% of cybersecurity attacks are directed at small businesses, which isn’t surprising. After all, small businesses are far less likely to have strong, developed cybersecurity systems and response plans.
By investing in solutions that improve your digital security, like Yodlee’s range of services, such as bank account verification, you can prevent your data from falling into the hands of fraudsters. Yodlee offers services like instant bank account verification to secure customer payments and stop fraud attacks in their tracks while making it easy to deliver on NACHA compliance regulations.
While managing the security of your business can be a daunting prospect, especially in a digital business age fraught with cyber-attacks and data breaches, by following these top tips and prioritizing employee training and office security, you can ensure that the safety of your business and customer data is paramount. By coupling this with appropriate investment into cybersecurity and secure payment solutions, the safe success of your business is right around the corner.
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