It’s no secret that data breaches are on the rise. Recent headlines have highlighted just how common cyber-attacks are, and the consequences they can carry. More than two-thirds of all companies will be hacked at some point in their lifetime according to a recent study by IBM. Whether an overseas cyberattacker or someone internally, it’s vital that you’re prepared before it’s too late. Don’t wait for a cyberattack to strike your business and consider instilling some of the following data protection best practices in your company.
Identify Your Sensitive Data
You and your team need to identify the different types of data you have in your possession. From essential credentials to client credit card information, this data in the wrong hands could cause a multitude of problems that could severely affect your day-to-day operations. You should be able to properly identify, classify, and segment sensitive information depending on one what it is and its value. While data can be rearranged, created, deleted, and processed, the classifications should be set from the very beginning.
Define Data Usage Access
While classifying your data is essential, it isn’t enough to lock it down. Instead, it’s critical that your company has well-defined types of access based on the established classification criteria. Access should also be defined by who has access to the data, what equates to allowed data usage, and other defined variables. Allowed users should only have access to approved areas, and access terminated once the job is complete. We strongly recommend establishing repercussions for improper data access/usage.
Monitor Data Access
Each user should have a defined level of access depending on who they are, what they do, and what they need access to. Access should be restricted on a need to have basis. Otherwise, uses should be blocked from being able to access, modify, and alter data unless explicitly allowed.
Most, if not all, data breaches are caused by some level of user error. Employees should be properly trained and educated on cybersecurity best practices, and the established policies in accessing critical data. All cybersecurity policies should be well documented and easily accessible for all to review.
Utilize Multi-Factor Authentication (MFA)
One of the best tools available for locking down your data, MFA adds additional security layers that must be verified before allowing a user in. A hacker could have access to your password but would have to bypass two-three additional layers to authenticate your identity, which could include personal data such as an authenticator token, voice verification, or fingerprint data.
It’s time to implement these best practices into your business before it’s too late. Don’t know where to start? Don’t fret, NXT GEN Tech is here to help. Contact us today online or give us a call at (305) 602-0707 to receive your free consultation.