Running a business without adequate data security is a massive risk. Crippling data breaches are increasingly common and no business is immune. In 2018, Dubai’s fastest growing startup –Careem– was hit by a cyberattack affecting 14 million users. SMEs are especially vulnerable to attack. Without adequate information and network security you risk damaging your profits and reputation. The good news is you can greatly reduce the risk of attack with a few cost-effective security measures such as restricting data access and ensuring adequate monitoring.
Here are five ways to protect your data from getting into the wrong hands:
1. Role-based access control who gets access to your data Employees are viewed by cybercriminals as the path of least resistance into a business, according to global cybersecurity company Kaspersky. To minimize the risk, you need to make sure thatonly authorized employees have access to your data and that you have adequate information and network security.
Role-based access control (RBAC) is a cost-effective method to determine who gets access to what data depending upon their role in the company. Benefits include low maintenance costs and increased efficiency. With RBAC, you can restrict data access to what’s necessary for an individual to do their job. This can help prevent information from being leaked– a significant threat to data security. To reduce complication and costs, it’s important to tailor RBAC to your company’s business model and security risk. Start by creating a list of every software, hardware and app with some sort of security, such as a password. Clarify every employee’s role and create a policy explaining how RBAC is to be used. Don’t forget to continually adapt it as your business evolves.
2. Employee education Tighten cyber security by training staff on security measures One of the top causes of data breaches is careless or uninformed employee actions. Cybercriminals know that, and they use it to their advantage. A human error is more likely to cause a security breach for companies in maturing economies. To counter the threat, approximately nine in 10 firms now employ security training to assess or improve knowledge among employees. One wrong click on a virus-infected email could endanger your entire business network. To reduce the risk of this happening, it’s important to train staff to identify "phishing emails" (fraudulent emails to gain access to sensitive information) and emails containing attachments sent from strangers. Employees should also be educated on safe internet navigation, effective passwords and the use of mobile devices. A well-trained workforce could protect your bottom line.
3. Remote monitoring Keep watch on cyber threat 24/7 When Dubai-based ride-hailing app Careem was hit by a cyberattack in 2018, access was gained to a computer system that stored customer and driver account information. Attacks such as this highlight the need to monitor your company’s network at all times.
