Data privacy mistakes can set the stage for immense damage to one’s business. An insignificant error can cost you millions of dollars in fines and reparations. It can even put you smack in the middle of stressful lawsuits. And it can even blow up and seriously harm the reputation of your business!
BYOD or Bring Your Own Device is a modern practice where employees use their personally owned gadgets – smartphones, laptops, tablets, or whatnot – for work. This is opposed to the traditional method of using company-issued equipment exclusively for work stuff which can have mobile security threats.
Password security is one of the most basic yet valuable aspects of protecting your business. Your company’s security relies heavily on the quality of your passwords and how you manage them. Therefore, people must choose strong, unique passwords and regularly change them to minimize the risk of hacking. That is why businesses need to choose a great Password Management tool.
Password Management is risky and tedious with the increasing number of accounts we have. Businesses need a strong password solution for data security. If you don’t have one, here are 10 compelling reasons to get a password manager soon.
A password manager comes with many features that can dramatically increase the security of your business. It can generate passwords that are virtually impossible to decipher. They can store these passwords in secure locations in the cloud. Password Management tools also come with multifactor authentication.
No matter what industry, businesses need to comply with data security regulations. There is the Payment Card Industry Data Security Standard, or PCI DSS, for instance, and the General Data Protection Regulation, or GDPR. A password manager ensures compliance with these and other relevant laws.
The stress that employees experience can increase because they have to remember dozens of passwords for the various accounts they use at work. With the Password Management tool, there is no need to remember all these passwords because the program can auto-fill them for you.
With fewer things on their mind and fewer worries about forgotten passwords, employees can focus more on their actual job responsibilities. Overall work productivity will improve, ultimately leading to better business performance.
For accounts where multiple individuals have access, password managers allow these entities to share passwords without compromising security.
With most businesses now using a remote or hybrid work setup, there is much security concern when accessing business accounts from home or public networks. Through tools like high-level encryption, a password manager can guarantee the security of your business network, even with a remote workforce.
When the owner dies, the inheritors can refer to the digital estate plan to determine what to do with the digital assets. However, they have a hard time gaining access to the accounts because they do not know the passwords. But if you use a password manager now, this can be incorporated with digital estate planning, making for a hassle-free transition of the business in the owner’s event’s passing.
The larger the business is, the more complicated password management can get. A password manager program gives IT control over password generation and employee access.
It’s not the first thing you would think of, but password managers can save you extra expenses. They help save businesses by reducing the time employees spend retrieving forgotten passwords.
In case the business suffers a disaster, like a data breach or a natural calamity, a password manager helps ensure business continuity amidst the recovery process by giving you secure access to all your login credentials.
If these reasons still don’t convince you to get a password management system right away, we encourage you to Download our Free Password Management Cheat-Sheet. You will discover more about password management and other cloud-based solutions that apply to businesses.
If you are ready to take the next step, call us—our team is always here to help!
Personal identifiable information, or PII is a term that is frequently mentioned these days concerning data breaches. It means any information that can find the person to whom the information is connected. With that being said, PII is considered to be confidential and must be treated as such. This information is why companies invest in cutting-edge data protection solutions to keep these details secure. PII is also the target of hackers when they break through a company’s database or network. With access to this private information, they can carry out their malicious activities, such as identity theft, more easily.
If you don’t think that your business is under attack from the Internet, you’re likely to be running an organization that will be decimated by a cyberattack. If you want to avoid this scenario, you will have to be prepared to do what you can to keep it safe. This entails following some strict rules and being smart about where and when to deploy security checkpoints. We looked at what today’s cyberattack entails and what an organization needs to do in order to keep the threats that are bandying about from having a marked effect on your business.
It is remarkable how much trust people have in Internet-based companies. Not just that they will fulfill the expectations placed on them, but that people routinely provide extremely sensitive information to these companies without thinking for a second about what they do with it. We will take a look at data collection practices, what Internet companies want with that data, and how millions of people every year become victims because they entrust their PII (Personally Identifiable Information) to corporations that promptly lose it.
Your business needs to have data backup and disaster recovery, period. There is no exception to this rule. The hard truth of the matter is that your business is risking far too much by not implementing data backup and disaster recovery. Today, we’ll examine scenarios in which a business might find its data threatened, as well as how modern businesses can keep their data safe, even when the world seems out to get them.
As though the initial news of Equifax’s 2017 data exposure wasn’t bad enough, it has been discovered that there are even more victims than previously thought. While news like this is never good, it can bring a silver lining if the opportunities that such news presents are seized.
You can never know whether or not that app you just downloaded to your smartphone can expose your data or identity to risk. While Google Play and the iTunes store certainly put efforts into ensuring that users can safely browse their app stores, it’s unlikely that they can find every single malicious app out there before it infects someone’s device. Therefore, you need to consider the following measures to ensure that you don’t put your business at risk by downloading unsecure apps.
As invaluable as the security solutions that protect a network are, they can be effectively rendered useless if a cybercriminal is skilled in social engineering. Social engineering is the practice of using manipulation to access protected resources, as we will review later. If your business and its team are vulnerable to a social engineering attempt, you are missing a critical piece of your data security strategy.
Most small businesses don’t have the luxury of an in-house IT department. Even if they do have one, it’s likely a small department run by a handful of folks who have their hands full with either implementation projects or simply staying afloat. With opportunities to invest in the improvement of your infrastructure few and far between, a network audit can help you identify where your network suffers most, and what you can do about it.
If you’ve watched the news lately, chances are you’ve seen the Equifax breach and the ridiculous fallout it has caused. Over 133 million personal records have been stolen. While it’s difficult not to feel individually victimized by such a breach, it’s important to remember that it’s often not your specific credentials targeted by hackers. Since businesses often hold onto valuable information, they have big crosshairs painted onto them. It doesn’t even stop there--any vendors or partners you deal with are also in danger of hacking attacks.
With the mountainous success of Game of Thrones, the BBC-produced show has always been understandably concerned with their security. However, with the show officially overtaking the original source material, A Song of Ice and Fire, there is an increased presence of curious fans and members of the press with an eye out for a sneak peek at the action. This has led to more; somewhat more modern measures being adopted to keep the production’s secrets safe.
CoreTech has been serving the Kentucky area since 2006, providing IT Support such as technical helpdesk support, computer support and consulting to small and medium-sized businesses. Our experience has allowed us to build and develop the infrastructure needed to keep our prices affordable and our clients up and running.
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Bowling Green, Kentucky 42104
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