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Cyber Security: How to Protect Your Company Data

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In the modern world of business no firm is completely immune from cyber attacks, having  to put pillars in place to protect company information. Needing to reduce the chances of being hacked, all companies need to consider implementing a cyber security system.

With fraudsters eager to obtain the most basic of details, we are seeing a growing trend in data theft with the mission to create new identities. From names and addresses to dates of birth and credit information, the sourcing of such details can give hackers all they need to obtain credit in someone else’s name. In many cases, businesses do not know that their system has been compromised until it is far too late.

bigdata-1423786_960_720Mobile devices and the risk of hacking

With professionals now carrying out duties on various mobile devices, the need for a protective system has never been so important.

A recent survey showed that there are close to 10 billion connected devices being used every day, with that number expected to soar to 50 billion by 2020. As a result, hackers will enjoy an increased number of victims. The same survey of 83 European companies showed that cyber security was a top concern, with 62% of those asked being concerned over the safety of their data.

How can I protect my data? 

While speaking with an advisor is recommended, there are certain ways you as a business can protect your data. Here are three tips you may want to take on board.

Storing your data  – The way you store your data should be considered. While you may think storing sensitive information on the cloud may make you a target, it is in fact a lot safer and harder to hack than on-site hardware.

Staff training – Although in a time of technological innovation, traditional hacking methods carried out on telephones are still very much apparent, with fraudsters pretending to be someone else to a service provider. As a result, it is important that you train your staff to be vigilant, limiting hackers chances of accessing your business’ information.

Compliance – If you are a law firm you will legally have to comply with rigorous EU data regulations when it comes to storing information. The same applies to companies working under the Financial Conduct Authority (FCA). Though it may not be a legal obligation for small firms in other spaces, taking inspiration from compliance procedures  is worth consideration.