Fraud and account hacking are looming threats for small and corporate businesses, and cyber-attacks are ever-changing due to the use of innovative technology.

But businesses around the world are also giving a good fight as they craft ingenious and fast-acting solutions to counter cyber threats.

In this post, we compiled 9 tips to protect your business from hackers, cybercriminals and identity thieves.

 

  1. Understand The Enemy

First things first, you have to understand your enemy. There are different types of cyber fraud schemes and threats. It can be from internal and external vulnerabilities. Ahead is the list of the most common fraud you can encounter:

 

  • Phishing

This involves acquiring sensitive information such as usernames, passwords and bank account details for malicious reasons. Hackers often use spoofed emails and fraudulent websites designed to deceive and extract financial information.

 

  • Hacking

Hacking can happen through your business’ email or company’s system/server. They can gain unauthorized access and get sensitive data from your cloud.

 

  • Identity Theft

It is a deception that uses your personal and bank information to commit fraud or unauthorized transactions.

 

  • Social Engineering

Without the use of computer and internet, a scammer can also deceive face-to-face. Always remember to never share personal and financial details to anyone.

 

  • Malware Threats

Malicious software includes viruses, spyware, and trojans that are designed to damage your computer system and steal information.

 

  1. Protect Your Business

The good news is you can wrap your business into a bubble of protection. With the help of technology, iit is possible and easy to keep your business bank account safe and secured against fraud and account hacking.

And it is crucial that you go for an extra mile to keep your company protected against hackers. You can invest in identity theft protection services to supercharge your security.

 

  1. Use Secured Devices

Make sure that you always turn on your firewall. It plays a big role in protecting your business data. Also, install reliable antivirus software to detect and spot suspicious breaches immediately.

BYOD

Lastly, keep your systems updated and do anti-virus scans regularly.

 

  1. Train Your Employees To Prevent Cyber Attacks

If you’re not a one-man business, it is crucial to train your employees to stay vigilant against fraud and account hacking. Teach them the best practices of safeguarding your business. For one, always advise them to only use secure connections (and not public Wi-Fi) whenever they are working remotely.

 

  1. Encrypt Data

For businesses that are operating online, always encrypt data. These data can be credit card numbers and other sensitive customer information. This is why you have to take great measure to always have this information encrypted, especially if you are using any payment gateways.

 

You can do this by using SSL (Secure Sockets Layer) or TSL (Transport Security Layer). It does the job amazingly and it also shows to your customers that your site is safe.

 

  1. Remove Customer Data You Don’t Need

In addition, wipe out customer records from your system that you don’t need anymore. Simply put: when hackers don’t find customer data from your server, they have nothing to steal.

 

  1. Check Your Transactions Regularly

Keeping track to your business’ transactions can help you spot breaches at once. Always check if there is any suspicious activity in your account.

 

  1. Be Prepared For Attacks By Making A Plan

Form a concrete plan of action you can rely on when the need arises. It is crucial that you have employees that know what to do at the face of cyber attack.

 

  1. Stay Up To Date

Knowledge is power. Remember to stay informed about security issues related to your business. There is no shortage of technology blogs out there you can use.