Prioritizing Digital Security for Your Business

When people talk about a business being secure, they tend to be thinking in terms of financial viability rather than digital security. When people conjure up images of a secure business, they tend to think of one that has solid revenue streams and is driving a solid and consistent profit. However, this is not the only definition of a secure business that business owners should consider. A secure business also should take measures to protect its data and prioritize digital security – lest its customer data fall into the wrong hands.

Most businesses have a lot of sensitive data at their disposal. This includes customer credit card information, addresses, and other identifying information, as well as its own business data such as balance sheets and other financials. If this is the case, a hacker would love to find a business that is secure in the traditional definition but is not secure in terms of its digital security. With that in mind, here are some steps that you need to take in order to prioritize digital security within your business

Make deals with digital security measures

Every business needs to make deals to survive. Even those that rely solely on customers to generate revenue for them – such as ecommerce stores – need to have strategic relationships with suppliers and vendors in order to get the products that they need to sell effectively online. With COVID-19 restrictions still currently in place, it is virtually impossible to hammer out these deals in person. As such, these deals need to be conducted online, and negotiation like this requires a lot of sensitive information to be passed between both parties.

As such, you need to take steps to avoid sharing sensitive files over unencrypted email platforms like Gmail or on cloud storage platforms such as Dropbox and Google Drive. Personal accounts in particular are extremely vulnerable to hackers. Instead, what you should do is use a deal room in order to make sure that the deal is secure for both parties. Using a deal room, companies can set different user permissions for specific documents, make the room virtually impossible to access, and track changes between documents in order to more efficiently negotiate deals. There is even a non-disclosure features that makes individuals sign an NDA before gaining access to the deal room, which helps to better secure the deal room from hackers and other nefarious actors.

Protect your passwords

While it is essential to protect any deals that you make with other businesses, it is equally as important to protect the data of your own accounts. This can be everything from the back-end of your business website to your email accounts. While this data may seem innocuous to you, it is extremely valuable to hackers who may hold these during a ransomware attack. Using a ransomware attack, hackers and cybercriminals can steal your accounts and attempt to ransom them back to you for a hefty sum. If you were a secure business in a financial sense before that occurs, you certainly won’t be after suffering the effects of a ransomware attack.

As such, you should take efforts to make sure that your passwords are protected. Use a strong password with special characters and a mix of upper and lower-case letters. You’ll also want to change up your passwords and use a password manager to store all of your passwords.

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