6 Tips to Protect Your Business' Most Important Asset: Your Data

Cybersecurity is a top concern for small businesses and everyday digital users. With governments and organizations now placing a greater emphasis on keeping safe online, it is vital that personal and professional users take note of the dangers that poor cybersecurity can trigger.

According to Symantec's 2016 Internet Security Threat Report, 43 percent of small business owners were attacked by phishing in 2015, with each stolen record costing an average of $217 to recover. While this financial cost is significant, the cost to future loss of earnings, reputational damage and trust is far greater.

The US is one of the countries most at risk for cyberattacks, and with our strong reliance on digital technology, bots are increasingly being used to infiltrate and damage technological and digital reputations.

Twenty-seven percent of small businesses admit to having few cybersecurity measures in place, with no policies dedicated to digital protection. A lack of security, few password policies in place, and easy access to sensitive data in the workplace only compound this serious problem.

As privacy breaches increase and consumers become further aware of them, what steps can both individuals and companies collectively take to keep their data secure?

  1. Rigorously keep cybersecurity processes and policies current: A consistent company approach to keeping guidelines up to date is imperative to help employees effectively manage confidential data and important security passwords.

Head to Smart Data Collective to read the full article.

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