During the COVID-19 pandemic, many businesses had to pivot and move operations totally online in order to keep going. Although the internet and eCommerce allow for infinite possibilities when it comes to business, it also comes with a host of new threats. Just like individuals are vulnerable to identity theft and credit card fraud online, businesses are susceptible to cyber attacks like data breaches and ransomware.
Some of the biggest data breaches have happened to well-known businesses and damaged their reputations in the process. Capital One experienced a massive data breach in 2019, putting 100 million credit card applications information at risk. Two years prior, Equifax suffered a breach that exposed 147 million credit records. With over $3 billion lost to fraud in the past year, it’s necessary to take precautions against cyber crimes to safeguard your livelihood.
To protect yourself and your business, consider implementing one or more of these cybersecurity upgrades:
Physical Security Keys
A physical security key adds another layer of protection to your devices. They come in the form of USB keys and can be required in addition to a password in order to access your computer or other devices. This second protection of a physical key prevents hackers from successfully breaching your business devices and stealing sensitive data or information for their misuse.
WiFi 6 Routers
If you had to pivot your business during the pandemic and start working from home, you may want to consider upgrading your internet security with a modern WiFi 6 router. These updated routers have the ability to encrypt your connection with better algorithms and offer stronger password protection. With most business operations moved online, you can trust that your internet is well-protected.
Multi Factor Authentication
Many larger companies implement multi factor authentication as an added level of security on various platforms. Multi factor authentication or MFA is a multi-step authentication process that requires a password and confirmation from two or more devices. For example, after entering the correct password, you’ll need to enter a code from an email to confirm that you should have access to the platform or device. This process works well to keep hackers from accessing your information.
Finally, if you aren’t interested in upgrading your business technology, the least you can do to keep your information and business secure is to maintain proper updates on your devices. Software updates generally fix bugs or vulnerabilities in outdated software that hackers can exploit to access your systems. By regularly updating your software, you practice good digital hygiene that will keep you and your business secure.
Technology has allowed many to continue business operations during an unprecedented pandemic, and it’s also the key to protecting your livelihood against hackers in the digital landscape. Lean on tech upgrades and best practices to keep your business secure for the long run.
For more information on cybersecurity tips that will help you prevent personal and business losses, check out the infographic below from Mint.