Data breaches are increasingly becoming one of the biggest plagues of modern businesses, be those small or big companies. With cyber security becoming a problem for everyone, it’s a good thing to start thinking more about it, if you’re not already.
Data breaches can be simple nuisances, or they can seriously jeopardize your entire business, which is why your best option is to try to limit your exposure to them. With that in mind, we have compiled a list of essential tips that can help you in reducing your data breach exposure.
1. Train Your Employees
The first thing that you should do and this goes for all types of companies, no matter their size, is to train your workforce. Even if you have the best cybersecurity money can buy, your exposure to data breaches can still be massive due to human errors.
The security you have won’t mean much unless you educate your employees about it and how to handle the company’s data. It is vital because a data breach can happen from a simple USB thumb drive that one of your employees never checks, just like most people.
2. Create a Response Plan
No security system is perfect, and no matter what you do, a data breach can still happen at some point, which is why it’s good to have a plan up front.
You can develop a plan by yourself and with your team, or you can hire experts to help you. Either way, it’s vital that you do have a plan, even though a chance for a data breach is small.
3. Encrypt Your Data
Encryption is the fundamental part of any cybersecurity plan. It is the simplest and yet the most effective way of protecting data. Encrypted files can still be stolen, but they cannot be accessed without an encryption key. Even the most advanced computer cannot breach a file that was adequately encrypted.
4. Classify Data According to Importance
Most companies have a lot of data, and it can be hard to protect all of it adequately. It’s much better to classify your data by its value to the company.
It’s good to organize all of your data either way, as some information is more sensitive while some other is not as essential for the company. This way you can also decide who can have access to specific data and how should everyone handle it. Doing this would further increase your security, and you would in effect also protect yourself from possible data breaches.
5. Cyber Insurance
In the end, it’s always an excellent idea to get cyber insurance. You should get advice on this from a good insurance broker. Your broker should have an excellent understanding of your business and your exposures. He/she should be able to give you an estimate of what the potential consequences are as a result of a breach and how best a proper policy can minimize or eliminate these consequences.