2 articles Tag security

How To Protect Your Business Online

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43% of all cyber attacks are targeted at small businesses; 60% of small companies go out of business within six months of an attack and only 14% of small companies to rate their ability to mitigate cyber risks and attacks as “highly effective.”

When was the last time you reviewed your security policies and looked at your protection against online threats? What sort of systems does your company have in place and are they carefully enforced? Did you know that weak passwords cause more than half of all data breaches, but only 24% of SMEs have strict password policies in place, and of those that do, 65% of companies say they don’t actively enforce it. Your security policies need to be reviewed every few months to make sure they’re comprehensive and enforceable. You should also be on the lookout for new strategies and technologies that you can put in place to shore up vulnerable areas of the business. Several highly advanced techniques can now help to keep your business secure and help to make sure that no one is abusing your systems, meaning that your customers are protected too. According to 2018 Identity Fraud, ‘Fraud Enters a New Era of Complexity’ from Javelin Strategy & Research’, in 2017, there were 16.7 million victims of identity fraud, a record high that followed a previous record the year before and criminals are engaging in complex identity fraud schemes that are leaving record numbers of victims in their wake. The amount stolen hit $16.8 billion in 2017 as 30% of U.S. consumers were notified of a data breach, an increase of 12% from 2016.

Just as people regularly practise fire drills, you should do the same in case of a cybersecurity attack. During a cybersecurity drill, you should look at response timing on multiple levels, see how quickly individuals and teams respond and either thwart or mitigate a cyber attack and also how fast are you able to inform customers of the most current and accurate information.

Cyber liability insurance helps to mitigate the costs of an attack and is usually available both as a standalone policy, as well as an add-on to a business owner’s system. You can have first-party and third-party insurance, first-party coverage helps you to cover expenses when your network is hacked, or your data is stolen, and third-party coverage offers protection when a customer or partner sues you for allowing a data breach to happen.

If you are victim to an attack, you need to take everything offline as soon as possible as if someone has managed to access your data; you need to limit the amount of information they can get.

It is essential that you can quickly assess and block the entry point as you might be able to act quick enough to stop any data from being taken. But, you still need to check everything to ensure that nothing is lost.

Whether you have a large company or a small business, stealing or attempting to take someone’s data is a severe offence, so the authorities need to be informed immediately to commence an investigation. You will have to make all your systems and data available to the authorities, so they can see where any entry has occurred and hopefully trace it back to the perpetrator.

Informing your customers is essential, and you will need to prepare a statement that outlines what has happened and any potential data that has been lost. If you are not sure what data has been lost, or what details they may contain, your customers need to be aware so that they can monitor their bank accounts to see if anything suspicious has taken place. Your customers and clients will likely have a lot of questions that they want to ask. So you should also have a dedicated email or telephone line established to field such queries.

Your company will need to establish how and when your security was breached. It is also essential to ascertain whether the breach was external or internal to your company.

Some companies offer computer evidence recovery services that can help you and the authorities discover any potential evidence. They can then provide that to you so that you can see if there are any apparent suspects.

Before you put your services back online, it is essential to conduct a thorough audit of all your procedures and safeguards and even get an expert to come in and check your systems and advise on how they can be improved.

5 of the Safest Places for Important Legal Documents

legal documentsDo you have a shoebox tucked under your bed that stores all your highly important and legal documents? This may seem like a good idea – because they are together and seemingly organised – but keeping them stored this way is actually not very safe.

Even in this digital age, where everything is online, many legal documents cannot be stored here, they also require a physical copy. However this opens them up to physical damage such as fire or flooding.

The problem is, that the original version of such documents are the only legally binding versions as they have your original signature. This means that if they are to be damaged or lost then they will be rendered invalid. Likewise, if they fall into the wrong hands this could have serious implications, including highly confidential and personal information being leaked.

Therefore it is important to choose an extremely safe place to keep these, so here are five of the safest, for those all-important legal documents.

1. Document storage

One of the safest places to store your documents that also ensures they are easily accessible when you need it, is in storage. Places such as Kelly’s Document Storage will ensure your documents are protected by the most up-to-date systems. Access is controlled by secure online management, which also allows the owner the ability to instantly gain access to electronic copies anywhere in the world.

2. A home safe

If you want to keep your documents at home where you can see them, then invest in a home safe. But first, ensure you have the following things in place: check that if your safe requires a key that it is well hidden and if it uses a code it is memorable one but not one that is easy to guess. The safe itself should be both fireproof and waterproof, as hidden away as possible and securely fitted to ensure it cannot be simply taken out of your home to crack open at the thief’s leisure.

3. Filing cabinet

A filing cabinet can also work as a safe way of keeping important documents at home organised and secure. As with the safe, make sure it is always locked and the key is kept on your person or somewhere hidden but memorable. Again it is important for it to be waterproof and fireproof, to protect your important documents from being destroyed, should anything happen to your home.

4. Leave them with your solicitor

You could leave the original copy with your solicitor; this is a good idea because if you require the document you will more than likely also require them. With your solicitor, you can feel safe in the knowledge that your important documents are being looked after and all in one place together. You can also instruct them who has access to your files should something happen to you.

5. Safety deposit box

These are secured containers held within a larger safe or bank vault, which can be used to store everything from jewels to your legal documents. There are rigorous identity procedures before allowing access to the box in some places, that could include swiping an identity card, photo check, fingerprint scan followed by passing through an airlock before entering an explosive-proof strongroom and opening your box with a key. Seems a little Mission Impossible, right? But for some it’s the safest way of keeping valuables locked up tight.