Whether you are an enterprise corporation or a single-location small business that takes orders online, cybersecurity is a prevailing issue that is only going to grow in prominence. In fact, the FBI has said that cybercrime has risen by over 300% in the last year alone. As such, you need to look out for cybersecurity issues that might plague your business. These cybersecurity issues can be easily avoided if you commit to implementing some basic tools and take actions against them. However, in order to do so, you need to be aware of the various cybersecurity issues that can harm your business. With that in mind, here’s what you need to know when it comes to preparing for cybersecurity issues for your business.
Phishing has become an increasingly common cybersecurity issues – mostly because it is largely out of your control. While you can alert customers and employees to not click on certain links or respond to certain emails that are created under the guise of being affiliated with your business, you ultimately cannot control their actions.
Still, you should make efforts to educate them about cybersecurity issues. For example, if you get wind that a cybersecurity phishing attack is happening in an area that is even adjacent to your business, you can send out an email newsletter to customers and employees reminding them about the dangers of Phishing and what to look out for. You can also talk about it on your social media accounts and offer step-by-step instructions on how to deal with this type of cybersecurity issue.
Having passwords stolen from your company’s portal or from a cloud service that houses your files or data can destroy your company’s reputation. This is just one of many reason why you may want to consider a more secure database to store sensitive documentation. A deal room is one such solution that is perfect for companies that are involved in mergers and acquisitions, fundraising, or are planning to IPO in the near future.
Regardless of whether you implement a software solution such as a deal room, you will want to make sure that you change your company passwords on a regular basis. You should also tell customers to do so as well, and require more secure passwords that have capital letters, numbers, and special characters as well. Even varying these passwords on an annual basis can make a huge difference when it comes to keeping your business data safe. You can even use a software solution that does this automatically so that you can set it and forget it.
While there are many other cybersecurity issues that your business could face, phishing and password theft are among the most common. As such, you need to make sure to continually keep a look out for these issues and more. Using a virtual deal room or another software solution to secure your password data and sensitive documentation can go a long way to making sure that hackers and cybercriminals do as little damage as possible to your business. You will not only want to take the time to educate employees and customers, but you will also want to make sure that they abide by the security measures that you recommend by regularly checking your business website and accounts for data breaches.