6 Types Of Business Data Security Controls You Should Use To Keep Your Business Safe - Pentestmag

6 Types Of Business Data Security Controls You Should Use To Keep Your Business Safe

6 Types Of Business Data Security Controls You Should Use To Keep Your Business Safe

by Ben Herzberg, the Chief Scientist of Satori

In this age of digital transformation, more and more people switch to hybrid or fully remote work. That's why it’s becoming more important to protect your data and cloud-based systems from unauthorized access, hacking, or breaches.

Cloud-based technology and tools are used by many businesses to do their day-to-day work. The internet has become an essential part of how businesses work, whether for long-distance conferences, advertising, buying and selling, researching, finding new markets, communicating with customers and suppliers, or even doing banking transactions.

Even though the Internet makes it easier to reach people, it also contains some security vulnerabilities that deteriorate daily. Ransomware breaches have increased by 13% in 2022, more than in the previous five years combined. Also, the average cost of data breaches is $4.24 million; therefore, it poses a significant threat to both your productivity and your finances.

So how can you stay safe? Read on to find out six crucial cyber security controls every business should implement to protect itself from cyber threats.

Types of data security controls for businesses

These are the proven strategies to help your business stay safe and wade off cyber threats in this age of internet and digital transformation.

1. Strengthen password security

Your passwords are the key to your most sensitive business information, meaning you should take every precaution to keep them safe. Using weak passwords is equivalent to using a weak lock to protect your assets. Hackers, utilizing various cyber techniques, can open such vulnerable locks easily. They will eventually — it's just a question of when.

For each one of your company accounts, use lengthy, complex passwords. The simplest way to keep your passwords secure and ensure you never forget them is to use a password manager for the business. In this simple tool, passwords are safely encrypted and stored.

2. Manage data accessibility

The risk of a data breach increases with the amount of sensitive data available to your staff. Insider threats are a significant issue since some employees of your firm may intentionally leak sensitive information. It's impossible to predict who may fall for a phishing scam and reveal sensitive information. The most sensitive data should ideally be stored on a private cloud server, with limited access granted only to those who truly need to know.

3. Raise phishing awareness and train employees on data security regularly

One of the biggest risks to any company's data security is phishing, so you need to make sure that every employee is aware of it. The term "phishing" refers to the fraudulent practice of sending electronic messages to potential victims while posing as a trusted source of information. Typically, the recipients of these messages are targeted for data theft or attempted purchase fraud.

If they are targeted, those unaware of the most common phishing scams are very likely to provide their personal information. Therefore, you should establish some explicit communication guidelines with your staff. Educate them not to click on any random link they get via email, never send their passwords by email, and always double-check any suspicious requests before responding.

4. Set up encryption

Your consumer and business data can be protected from unauthorized access via encryption. Firstly, you should ensure that the network in your office is encrypted. The most sensitive company data is transmitted over this network, making it a prime target for hackers.

The next step is to install VPN software on all of your company's devices — this will ensure that sensitive data remains secure even if the underlying network is not. For instance, unencrypted public WiFi networks are frequently available, and you never know when staff may connect to one while away from the workplace. Your staff should use a virtual private network (VPN) whenever they access a network outside of the office.

Additionally, you can configure email encryption for corporate use. Employees' emails will be encrypted and inaccessible to cybercriminals in case your workers eventually connect to an unprotected network without a VPN.

5. Set up anti-malware programs

Antimalware software should be installed on every computer, tablet, and mobile device used in an organization. Firewall and antivirus protection software should be installed first. These cyber-security tools help protect your company's devices and data from threats like ransomware and viruses. Although a firewall and antivirus software are frequently pre-installed on devices, you should always make sure they're turned on.

6. Always back up data

Would your company's data still be secure and backed up if all of your devices abruptly stopped working? Most firms have a data backup system in place, but it's usually insufficient. A reliable and updated backup is crucial.

If your company's data keeps changing, you should refresh the backup at least once each day — and, ideally, more frequently than that. Also, keep a multiple copies or backups, if necessary, to ensure that the data is always accessible and secure. However, you should also erase non-essential data regularly, using safe and appropriate data-erasing techniques.

Bonus tip:

Ensure your business is compliant

Making sure that your business complies with data privacy laws is crucial. By stepping up their cybersecurity, some companies are already meeting expectations when it comes to data protection.

Nowadays, many regulatory bodies demand that you take appropriate precautions to protect your business and its data from hackers. If you don't comply, you could face huge penalties or trade limitations. Therefore, you should identify specific data privacy regulations that are relevant to your business, and ensure you stay compliant.

What are the benefits of implementing data security controls in your business?

The consequences of a cyber attack on your business can be devastating. It can have a negative impact on your financial line, as well as your company's reputation and consumer trust.

Increased risk on corporate data calls for concern, and businesses need to prioritize their cyber security while also aligning it with their business goals.

However, businesses that take data security seriously, and take deliberate steps to enhance it, are less vulnerable to attack. Additionally, these companies will be better equipped to satisfy regulatory compliance and avoid reputational damage.

These factors contribute immensely to the convenience and profitability of a business.

To reap these benefits, you must be dedicated to regularly monitoring and updating your network security, as the cybersecurity landscape is continuously evolving. This will help you stay current and safe.

Final thoughts

Cyberattacks are becoming increasingly common among businesses, but you can take safety measures to prevent them. You should keep your business safe by utilizing the data security controls highlighted above. However, your business must get better and better at protecting the information hackers want, regardless of how fast their skills and tools advance. Avoiding any cybersecurity blunders that may put your business at risk will also help.

Securing your business’ data is crucial if you want to expand your operations in today's digitally-driven world, protect your customers' personal information, and stay ahead of the competition.