Protecting the digital and physical assets of your company

Every business has two main types of assets – offline assets and online assets. While the differentiation in some matters of online business and offline business might be a little hard to explain, understanding and explaining the need for security for both of them is quite easy. Let’s go ahead and read about a few ways to keep your business safe.

Protecting the physical assets

When we talk about the physical assets of your business, it is the tangible ones such as the store, your cash, software, all the material that you have used in your store and much more. There are some ways that you can be smart about protecting your physical assets.

Hire carefully

You need to be very careful who you hire. Your employees are deeply embedded in your business and play a crucial role when it comes to its security. Hiring without a background check can cost you dearly. They might just leak important information from your company servers to the competition for a big enough pay. Make sure that you only give clearance to the people who you think are trustworthy enough to handle this sort of data.

Location plays a huge role

The location of your business like a store or a showroom makes a huge difference in the protection of your physical assets. You should check out the crime rate of the are before you think of establishing a store there.

Also, you should also consider putting your business in a place that is not secluded and has some hustle and bustle around most of the time.

Security guards

Security guards are probably the most ‘visible’ security detail an area can have. You should consider getting private security for your business too. These days you can even get plain clothes security personnel if you do not want to intimidate your clients. These teams from companies can be easily hired and give you a lot of confidence and a sense of security. They will make sure that your store stays free of theft, and that your assets are protected.

Protecting the digital assets

The internet is full of scams, hackers, and frauds. Without security measures in place on your website, it could be vulnerable to attacks by hackers or viruses. Secure Socket Layer (SSL) encryption helps protect your business from these cybersecurity risks by encrypting all data sent across the web, which prevents hackers from stealing information such as credit card numbers and passwords.

Install anti-virus software on your PC and mobile devices

Businesses are at risk of losing data, confidential information, and customer data. The business can be fined up to $1.5 million by the FTC for not securing their data and protecting themselves against malicious software threats. A way to protect businesses is to install anti-virus software on your devices. Hackers are a major threat and can try to steal confidential data and can even shut down your entire system.

Implement a strong password policy

Creating a strong password means making sure that it is difficult for someone to guess, and that it includes letters, numbers, and symbols. Using numbers in passwords can be helpful so that they are not easily guessed. If a password is forgotten, it can be recovered using a password recovery tool. A general guideline for passwords is that they should not consist of more than six words. You should also think of changing it weekly if it contains some very crucial information.

 Keep all your passwords in a secure password manager

Passwords are the gateway to many of your online accounts, such as Facebook and email. They are easy to forget, hard to remember, and vulnerable by design. With password managers, you can keep all your passwords in one place organized into a secure, encrypted file with features such as auto-fill login options and a master password that you can use to access all your passwords. This works amazingly well for companies that have acces to quite a lot of software that requires passwords.

Enable two-factor authentication for sensitive accounts and services

Two-factor authentication is a security measure that can help protect your online accounts and services. It provides an extra layer of security by requiring a second form of proof, like a password or a code. Two-factor authentication can also be used to add an extra layer of security.

Use multifactor authentication when possible to secure your business

In today’s world, cybercriminals are increasingly sophisticated and malicious. To reduce the chances of your business being a target, it is important to ensure that all of your digital assets are secured with multi factor authentication as an added precaution.

Use end-to-end encryption to protect data and communications

End-to-end encryption is a process by which data can be encrypted and decrypted only with the knowledge of those who are intended to access that data. It can help prevent unauthorized or unintended access to information by keeping it out of the wrong hands. There are a variety of ways that end-to-end encryption can be implemented, such as using a private key and public key system cryptography, as well as using a password or key file.

Make sure you have enough backups

For a business to succeed, it’s important that it has all of its important files backed up. Storing these files in the cloud offers an inexpensive and reliable way to ensure that crucial information is never lost. With the help of backup systems, storage space is no longer a concern either. These systems are able to scan data and automatically back them up on external hard drives or in the cloud.

Emergency plan and contact information

When you’re running a business, it’s important to have an emergency plan in place. It’s essential that you know how to contact your employees and a trusted third party in case of emergencies. You must also include the contact information of all employees on your emergency plan.

There are many things that can go wrong with a business. Losing your data or being physically robbed is not the worst. It is important to protect your business assets from the risks of data loss and theft. Without proper protection and some smart moves, it would be a matter of time before you lose a lot of money.

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