A breach is a loss of data that can impact an organization’s ability to perform its core business functions.
With the data in place, an attacker can steal money, credit card numbers, personal information, or even a unique identity, and then use it to create an identity theft ring.
Here are 10 steps to protect yourself from data breaches.
Protect Yourself With a Cyber Security Strategy To protect yourself against data breaches, you need to make sure your business has an effective cyber security strategy.
Your company should be using a layered strategy, including an on-premises firewall, physical access control, and intrusion detection systems.
Make sure that your employees can opt out for up to two years from the time of the request.
Establish an Incident Response Team The company should have an incident response team, which is composed of the company’s chief information officer and an internal investigation team.
They will work together to identify and address issues before they escalate to a security breach.
Protect Your Business’ Financial Data There are two types of data breaches that could affect your business.
First, there are data breaches due to a theft, breach, or unauthorized use of your business information.
Second, there is a data breach due to fraud or cyber-intrusion.
These breaches can affect your financial data.
These types of breaches could include: fraud: Your financial information could be stolen by someone trying to use it for illegal purposes, such as to commit fraud or identity theft.
4 percent of companies report fraud on their financial statements in 2016, according to a recent survey by the Financial Fraud Prevention Center.
Ensure Your Employees’ Access to Your Data Your employees have access to your data by using a password-protected computer, but they also have access through your email or other forms of communication.
The best way to prevent breaches is to ensure that employees have an effective password for their computer.
7 percent of Fortune 500 companies reported data breaches in 2016.
Data breaches could affect the financial information of your employees, including the identities of their spouses, children, and employees’ dependents.
Know Your Employees When someone steals your data, they can access it without your knowledge.
For this reason, it’s important that you keep an eye on your employees’ accounts and make sure they have access.
8 percent of employers reported data breach incidents in 2016 to law enforcement agencies, and 20 percent reported data leaks to third parties.
Learn How to Defend Your Organization from Data Breaches If you’ve recently been affected by a data security breach, you may want to learn how to protect your company’s data from hackers.
You can also get more information on how to deal with data breaches from your company.