Cybercrime has increased, and will continue to increase, as the internet grows and evolves. Advancements in technology have led to the development of multiple devices, which makes the internet more accessible to everyone.
Generally, it is not only big companies that become victims to cyber crimes; even small businesses fall prey to criminals because of loose security measures. Theft of data is a big threat to small businesses. It is, therefore, important that businesses install preventative measures early on.
The Association of Certified Fraud Examiners (ACFE) has published a study saying that small businesses suffer an average annual loss of $155,000 due to cybercrime.
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Keep Strong Passwords
Encryption for Protection
Encryption is vital in order to protect sensitive information that may not be accessed without authorization. A special key or password must be applied in order to decrypt and access the data. This practice is necessary when your business handles a great deal of sensitive information. As a result, criminals will not be able to decipher any of it in order to steal data or money.