Protecting Your Business Against Data Leaks

Last Updated: 

October 16, 2023

You are more than likely collecting customer data, as well as data about your own company and anyone working for you or supplying goods and services to you, regardless of whether you are a small side hustler, a small work from home business, or a large multinational corporation with thousands of employees. It is critical that you take every precaution to keep your data safe since any leaks could result in a major problem for you, your customers, and your company. In addition, the GDPR (General Data Protection Regulations) in the EU which went into effect on May 25, 2018, makes it even more important since if you trade or conduct customs in the EU, you can be subject to fines of up to £10, 000 per data breach. Here are some practical steps that you can take to avoid falling foul of the rules and to safeguard both you and your consumers at the same time.

Key Takeaways on Protecting Your Business Against Data Leaks:

  • Data Collection and Protection: Whether a small business or a large corporation, safeguarding customer and company data is crucial. Data leaks can have severe repercussions for businesses and their customers.
  • GDPR Implications: The General Data Protection Regulations (GDPR) in the EU, effective from May 25, 2018, emphasises the importance of data protection. Non-compliance can result in hefty fines.
  • Risk Assessment: Businesses should assess their vulnerability to different types of cyberattacks, such as hacking or malicious software. Understanding specific threats can help in implementing targeted protective measures.
  • Prioritise Data Security: While all data should be secure, certain information like client contact details, payment info, and financial records are of utmost importance. Regular data backups are essential to prevent data loss due to IT issues.
  • Cybersecurity Measures: Implementing antivirus software, firewalls, and virtual private networks (VPNs) can help guard against malicious intrusions. Multi-factor authentication (MFA) adds an extra layer of security, requiring additional verification steps like one-time passwords or biometrics.
  • Network Security: Using unprotected networks, especially when working remotely, can expose data to threats. Ensuring spyware protection, activating VPNs, and regular updates can help secure the network.
  • Regular Password Changes: Changing passwords frequently and ensuring they are complex can prevent unauthorised access. Avoid using easily guessable passwords and never write them down.

In essence, data security is paramount for businesses. Implementing robust cybersecurity measures, regularly assessing risks, and staying updated with regulations can help protect valuable data and maintain business integrity.

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Take a look at your risk

You are most certainly accustomed to conducting risk assessments at your company, but you are more than likely missing information from them. You should devote some effort to determining how vulnerable your firm is to attack. So, for example, are you more likely to be attacked by hackers, or are you more likely to be attacked by harmful software and viruses that are contained in emails without your knowledge? What if you have a valuable intellectual property that is highly appealing to deceitful competitors who are willing to go above and beyond in order to have access to it? It goes without saying that you should take safeguards against any possible risk, such as using data protection services uk, but if you are more susceptible to a particular type of attack, it may be worthwhile to take additional measures to defend yourself from this particular threat.

Make a decision on which information needs to be kept secure

Of course, all information should be kept secure, but some information is more critical than others. It is necessary to protect client contact information, payment information, financial records, and any other sensitive business operations to the greatest extent possible, for example, In addition to protecting against outside threats, you should be performing frequent data backups in case of an IT breakdown - the last thing you want is to lose everything because your computer crashes.

It is necessary to start with preventative cybersecurity measures. Employing solutions such as antivirus software, firewalls and a virtual private network (VPN) are some of the most effective methods of guarding against malicious intrusion. Moreover, an essential factor in any security plan should be multi-factor authentication (MFA), which adds an extra layer of defence and can vary according to your organisation's needs. By adding MFA to your corporate network, you provide an additional step for surety in order to protect your data- this can be through setting up two-step verification processes such as one-time passwords or biometrics. If your company is a Fortinet client and has already employed Fortinet VPN MFA, you can be ensured that you are proactive in protecting your data from potential cyber threats.

Maintain the Security of Your Network

The use of an unprotected network, particularly if you are working from home, is one of the most straightforward methods for your information to slip into the wrong hands. Make sure that spyware is placed on every device that will be used to access corporate information, that a VPN is activated, and that everything is updated on a regular basis to prevent any potential hackers from sneaking in through the cracks.

Passwords should be changed on a regular basis

While it can be inconvenient to have to create and remember new passwords on a regular basis, it is necessary. Password security is one of the most straightforward ways for someone to gain access to accounts and data, so make it a part of your daily routine to change your passwords on a frequent basis. Avoid making it simple by using a combination of letters, numbers, and special characters to make it far more difficult to guess, and by never writing them down anywhere at all.

Creating and maintaining data security might be difficult, but it is critical to your business.

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