Top Ways to Protect Your Business from Hackers

If your business is hacked, you may lose valuable data and management control. Your reputation may suffer greatly. But there are always ways to prevent these attacks. What are the most efficient of them?

You are being attacked by hackers: what to do with this fact?

Hackers are constantly finding new ways to break into systems to use your data for personal gain. For example, if a hacker captures your financial data or your clients’ passwords, you can only imagine what they will do next with this data. However, many small businesses can be monitored by sophisticated hackers for years. As a rule, the latter now finds new ways of attack to minimize effort.

Experts assure that it is possible to protect a company’s valuable information only if you constantly expand your theoretical knowledge about threats and analyze real cases of hacking corporate systems. There are many threats, and each business has its protection system based on the specifics. Therefore, any work in this direction begins with a comprehensive audit. The outsourced company or security service is obliged to eliminate all legal and financial risks, develop a set of measures to protect the rights to assets, build the company’s information security (eliminate opportunities for information leakage, establish protection of the information system from virus attacks, etc.), conduct a comprehensive verification of all employees and so on.

Security above all: 5 ways to protect your business from hackers

Most modern companies use the following security measures to keep their business operation safe:

  • Perform regular backups

Hackers can attack your online business at any time. They can manipulate data and take you by surprise. In such cases, backups become your best friends. You can restore your online business to its original version without any problems. We recommend that you perform frequent backups. You can move your data to the cloud and protect it with strong encryption and multi-factor authentication.

  • Use virtual data rooms for secure collaboration

Companies often implement full-packed data rooms that manage customer data, sales, marketing, and project work. It is a cloud-based platform where companies store their data in a well-organized secure repository and exchange business documents with contractors. The product supports using electronic digital signatures, watermarks, encryption, and two-factor authentication to protect documents. In addition, the system allows you to work with documentation in an orderly manner: defining standards and forms for creating documents, clear rules for processing correspondence, and performing tasks related to documentation.

  • Use strong passwords

It is not recommended to use the same password on all computers or accounts. You also need to change it periodically, for example, once a month. Choose a password that is as strong as possible. Ideally, it should contain letters, numbers, and symbols. In this case, the password manager application is the best solution.

  • Multi-factor authentication

A username and password alone are not enough to verify the identity of users. It would be helpful to use the Multi-Factor Authentication (MFA) method to secure your online business. However, more than one verification factor is required for users to access their accounts. One of the most common MFA methods is to send OTP to individual devices. Sometimes the one-time password has an expiration date to prevent unauthorized users from accessing the data.

  • Invest in cyber insurance

Once customers become aware of a data breach, they are more likely to file lawsuits against your company. It is where cyber insurance comes to your rescue. You can cover the costs associated with litigation, saving you from financial losses. If you own a digital business, you must have cyber insurance.