Leadership in Small Business 101, Part 4: How to Keep Your Company’s Data Secure

Entrepreneurs put a lot on the line for their businesses. Although certainly not recommended, entrepreneurs often sacrifice their health, their time, and their personal financial security for their businesses. However, one of the things that entrepreneurs should never sacrifice is security.

In a day and age when security is of the utmost importance for customers and businesses alike, businesses should invest in implementing solid security practices to keep data, employees, customers and equipment safe from cyber attacks and other malicious security threats.

Read on to learn more about why data retention is important, what ransomware is and how to avoid it, and how to implement best general security practices to keep your customers, your employees, and your business safe.

Data retention

The Internet and technology have made the impossible possible. With a seamless network and a mobile device, business owners and employees have access to just about anything from just about anywhere. Powerful? Absolutely. But dangerous? You bet.

Think about it: If your employees can access your data from anywhere, others probably can, too—even if you think your data is secure. This is why implementing password-protected and encrypted email and cloud accounts is so important for protecting data.

Avoiding ransomware

Ransomware is a malicious attack on a computer system that can cause devastating results. A common example of ransomware is a virus. A cybercriminal will upload a virus to computer, which can damage programs, compromise data, and render your computer or system useless.

Unfortunately, ransomware attacks are on the rise; therefore, it’s important to take the proper steps to ensure your data and your equipment are protected. Install a firewall, encrypt your data and files, and educate your employees on identifying a potential security attack, such as suspicious emails, potentially hazardous email attachments or suspicious links. These are all crafty tactics used by cybercriminals to successfully attack a system.

Best general security practices

Implementing best general security practices can protect your business, your customers, and your employees. Taking simple measures, such as implementing a data backup system and a company security policy are just a few examples of how you can easily protect your business from security attacks.

Additionally, your own employees are likely your greatest risk. Taking the time to educate and train them on your company’s security policies and teaching them about common signs of cybersecurity attacks and phishing attacks will dramatically reduce security risks.

Your business is your lifeblood, so going the extra mile to care for your data and your systems is absolutely necessary today. If you want to learn more about how to implement best security practices in your business, check out this article.

Look for part 5 in our Leadership in Small Business 101 series next Wednesday: “5 Ways to Keep Your Finances Healthy.”