Does Your Small Business Need Protection?
Data and information is at the heart of virtually every organization. Companies rely on safe data handling and storage practices to protect the integrity in the market. The recent rise in cases of cyber theft has put companies on the receiving end as far as data protection is concerned. Businesses, organizations, and companies are therefore compelled to put in place the necessary set of actions required to safeguard their data from a potential breach. There are various reasons as to why your business is no exception to the concept of data protection as hereby outlined.
Adherence to legal guidelines
In recognition of the rising cases of cyber theft, governments have put in place strict legal guidelines binding any organization that deals with customer data to ensure proper data protection mechanisms are put in place. Different countries have different sets of guidelines thereof. In the United States, for example, the Health Insurance Portability and Accountability Act stipulates that businesses should have a proper data protection policy that should be adhered to at all time.
The European Union recently put in place the General Data Protection Regulation which similarly binds companies handling European citizens’ data to roll out suitable data protection measures targeting the prevention of cyber theft. These laws outline, among other things, legal repercussions for businesses, including yours, that do not have a proper a data protection layout. It is considered an act of contravening the law to run your business without a functional cyber security framework.
Rising trend and thresholds of cyber security
The world today is experiencing a rising level of cyber security issues where hackers are using advanced cyber threat ransomware and viruses targeting infiltrating even the most well-secured data held by organizations. The evolution of ransomware has, for example, seen a 36% rise of successful cyber-attacks on businesses around the globe. This threshold of cybersecurity threats should, therefore, prompt you to implement the highest level of data protection necessary to safeguard your business from being a victim.
Hackers have been revealed to focus on businesses holding customers’ data that relates to sensitive information such as social security numbers, bank accounts, and health information. The infiltration of such data through hacking can be costly to your business, especially since customers will no longer trust you with their sensitive information. The consequent loss of reputation can significantly impair the ability of your business to compete favorably in the market. Implementing data protection mechanisms will, therefore, help safeguard your legacy by giving customers a reason to feel safe when and trusting your business with their data.
Incorporate the latest endpoint security
As a business, you may be already in the process establishing branches and integrated connectivity between different branches to enhance data sharing. Whereas this idea is revolutionary, it exposes your business to endpoint cyber-attacks where hackers can remotely infiltrate your business data through various devices connected to the main network. To protect yourself and your business from such infiltration, you certainly need to secure the latest endpoint protection services which generally protect your network by mediating every connection request using a high-end firewall and host intrusion prevention systems.
In conclusion, cyber theft can easily bring down your business, especially in situations where you have not laid in place the necessary cyber security mechanisms to prevent hacking-based infiltration. With hackers using latest technologies that guarantee high levels of accuracy and success, you need to upgrade your cyber protection mechanisms to include advanced endpoint protection.