If you’re running a business, you know how important it is to keep your information safe and private. Whether it be physical data or electronic, responsible business owners don’t cut corners when it comes to safeguarding the information produced and stored by their company. As cyber threats grow more sophisticated and hackers are developing more ways to access electronic data all the time, this task of keeping your information safe seems like an uphill battle.
As recent studies have shown that the average cost of a data breach is upwards of $3.79 million—an increase of 23% since 2013— it’s clear that you can’t afford to skimp on your business’s IT security. Here are a few more reasons why IT security is more important than ever.
The Internet of Things
The full emergence of the Internet of Things over the last few years has proved to supply some incredible benefits to daily life—but it also poses some potential threats to security, too. When so many of your electronics are connected to each other and giving off a constant stream of data, a whole new set of cyber threats emerge. Because the IoT as a widely accepted concept is relatively new in the scheme of things, the attention hasn’t been paid to it to ensure that the encryption of sensitive data is completed and access is fully restricted. Fortunately, it seems that hackers have not yet turned their eyes to the Internet of Things as a priority, but that only means that preventative measures need to be made to ensure that your data continues to remain untouched.
Spear phishing has been around for ages, but that doesn’t mean it’s any less of a threat. In fact, it’s one of the most harmful attempts to access your information because it tricks you into giving your data over willingly— like handing your keys over to a burglar disguised as the custodian. Spear phishing happens when you receive an email from an enterprise or individual that you’re familiar with—but will eventually result in you having your private information stolen.
The targeting of higher-ups in business is on the rise, and cyber criminals are accessing incredibly sensitive data through spear phishing at an unprecedented rate. Taking the initiative to educate your employees about spear phishing and installing scanning and blocking systems will prevent a lot of grief in the long run.
Like the Internet of Things, cloud software has become a blessing to businesses everywhere by providing an easy, fast way to exchange data without having to be physically present. Unfortunately, like any third-party vendor, using an outside platform means that your data might be at risk for a breach. Keeping an eye on what sort of services you’re using in the cloud and being fully aware of the security standards that your cloud services provide can go a long way in keeping your data safe.
While ransomware is less common in the world of IT, its impact is growing. This sort of attack encrypts your data and renders it unusable until you pay a ransom, making it more and more appealing to cyber criminals because most of the time businesses can’t afford to fight back. The best way to avoid an attack with ransomware is to have real-time security protection, and hiring an IT security specialist to perform regular backup routines. The best option for you is to act before your cyber security is at risk, and protect your most important data before it becomes an issue.