There are various matters to think about when establishing a startup. One of those is how to protect your startup data. That kind of data refers not only to information about your business, such as contracts and bank accounts, but also to the details you’ve collected from customers. Some examples are their names, emails, home addresses, and payment information.
To keep your startup data safe and well protected, you need to invest in cybersecurity solutions. You can also hire reliable professionals for business startup accounting services to handle everything related to finances and accounting without putting your company information at risk. In addition to that, here are some of the tips you can consider to safeguard your startup data:
- Create A Data Security Policy
Try to come up with a data security policy that your employees should abide by. The policy must consist of basic guidelines and rules that’d help your entire team remember what could cause the most damage to a business.
Your data security policy has to include a data breach response policy as well, which outlines a process for employees to follow in case your startup suffers a breach. Being prepared to respond immediately is the best way to lessen the risks or possible damage of cyber threats and data leakage.
- Use Strong Passwords
Changing your passwords regularly and using hard-to-guess ones for your systems can make it difficult for cybercriminals to access information. If possible, choose a password that’s unpredictable, but it must be memorable so you can easily memorize and recall it. If you decide to write it on a piece of paper, keep that in a locked drawer or cabinet.
When creating passwords, be sure not to include names, and they must be longer than seven characters at the very least. Your password may also be a combination of uppercase letters, symbols, numbers, and lowercase letters.
- Have A Recovery Plan In Place
Losses may occur during a breach. If your security is good, those will likely come from hardware failure. However, regardless of the losses you may incur, you should never lose your startup’s important data. For this reason, it’s crucial to create a recovery plan.
Backing everything up on an external hard drive or the cloud is an excellent idea for data recovery. In doing so, you can be assured that you won’t end up dealing with data issues in case your computer fails. Moreover, your business operations may continue as you can still have access to the information you need.
- Be Aware Of Phishing Emails
Cybercriminals use phishing emails to gain control of your devices, acquire your company data, and steal your passwords. Such emails contain fake email messages, which appear as though they’re coming from a reliable source and often include attachments or links to download. In case you encounter one, delete the suspicious email and don’t click anything on it.
To know whether or not an email is from a fraudster, determine if it’s something you’re expecting to receive and comes from somebody you know. If it doesn’t look odd and contains correct characters and properly spelled words, it means it’s a legitimate business email.
- Use Two-Factor Authentication
Never settle on having a single password and username combination. Instead, use two-factor authentication, which requires individuals to undergo a secondary authentication sequence via an image or a code sent to their mobile phone. Although two-factor authentication may not be as foolproof as other data security solutions, it may come in handy for startups with a tight budget.
- Encrypt Your Data
The key to securing your startup’s sensitive information is data encryption, which involves transforming data into an unreadable form. See to it that you encrypt your data on various servers to avoid possible breaches.
If you don’t have an in-house expert for data encryption, you can take advantage of different technology solutions that’ll encrypt data for you. These are companies that provide those at affordable prices, and such applications have been designed by a team of professionals who take data security seriously.
- Install Updates And Patches
Operating on outdated versions of software can be risky. To protect your startup data effectively, never ignore software updates once they’re rolled out as they may contain some security patches to vulnerabilities that hackers exploit.
The older your system is, the more serious the problem will be if you don’t take preventative measures. That’s why it’s advisable to immediately upgrade it to the latest version so you won’t miss out on essential security patches.
- Implement Access Management
Never give your employees access to every asset, whether it’s a document or a server. Use administrative accounts when necessary, and limit administrative privileges. Also, make sure to implement auditing on the use of privileged functions, and consider monitoring anomalous behavior.
Protecting your data can make a great impact on the survival of your startup. Even if you think attackers don’t waste time on small businesses, such establishments are actually the primary victims of cyber threats. If you don’t want to end up facing expensive damages or losing your business in the future due to a data breach, make sure to keep the above tips in mind and never stop improving your data security.