5 Steps For Protecting Your Small Business From CybercriminalsThink cybercriminals are only after big businesses? Think again. According to Verizon’s 2019 Data Breach Investigations Report, 43% of cybercrime victims were small businesses. Between the cost to rebound from a cyberattack and the damage it can do to a company’s reputation, this type of crime can destroy a small business.
As a broker, there’s another thing to consider. Along with making one of the biggest purchases of their lives, your clients are also giving away something of even more value – their personal information. Throughout the mortgage process, clients will need to provide you with their full name, birthdate, Social Security number and contact information. They’ll also disclose such financial information as account balances, debts and past bankruptcies or foreclosures. That’s why it’s important to ensure your business’ data is secure.
Here are the steps to take to keep your company and your clients protected from cyber criminals.
Assess Your RiskFind out what your company is currently doing to protect its data and where there are holes in its security. Identify what assets you need to protect, along with any potential threats, then prioritize them.
Create A PlanNot only is a plan proactive and aides in prevention, it also helps minimize the impact of a data breach, if there is one. Along with the steps listed below, your plan should clearly lay out what to do if you encounter a cyberattack.
Instill Cybersecurity In Your CultureTalk to your team about the importance of cybersecurity, have required, annual security trainings and enforce security policies and procedures. Provide tips for creating smart passwords and warn against phishing emails, which attempt to get sensitive information from the recipient. Provide educational materials, run routine drills and make it easy for employees to report threats. Make cybersecurity such a part of your team’s culture that it becomes a habit and that anything that looks suspicious is reported without any hesitation.
Protect Your NetworkSet up a virtual private network for employees who work remote. VPNs keep a company’s data safe when team members are accessing the internet through a public network.
You’ll also want to set up firewalls, which are security systems that monitor and control the traffic coming in and out of your company’s network. Based on a set of security rules, the firewall will either block or permit access to the private network.