In the wake of new high-profile cybersecurity breaches, such as those experienced by Equifax and Deloitte, the subject of protecting technology and data is on everyone’s mind. Even if your business is not as big of a target as Deloitte or Equifax, protecting your and your customers’ sensitive data is a major obligation. Cybercriminals look for any opening to commit a virtual smash-and-grab. Letting your guard down for even a moment is typically all the opportunity the bad guys need to commit a crime that can have dramatic and catastrophic effects on your business and your customers’ financial stability.
Knowing this, it makes sense for all businesses to establish some commonsense safeguards when it comes to their use of technology. Although having strong cybersecurity protocols in place and partnering with a qualified cybersecurity firm can go a long way to protecting data and technology, following a few simple procedures also can have a significant impact on security posture.
For example, many business owners conduct their business wherever they happen to be located, which can mean relying on public Wi-Fi hotspots for internet access; these hotspots lack the level of security needed to send financial information securely, so you should always refrain from handling financial transactions while connected to these networks. IF you must complete a sensitive transaction while on the go, consider using a virtual private network (VPN) or your smartphone’s hotspot for a more secure connection.
Another simple – but essential – tip for businesses when it comes to technology is to utilize effective password management. This means setting strong passwords (a strong password is a sentence that is at least 12 characters long), not reusing passwords across different accounts, storing passwords safely (on paper away from computers or in password managers) and requiring multiple authentication elements whenever possible. Having poor password habits can be the equivalent of leaving a key to house under the doormat for opportunistic criminals.
Because a lot of sensitive data is transacted during purchases, it’s critical for businesses to have dependable ecommerce payment solutions they can trust. Having the right technology integrated into a website can give businesses and their customers the peace of mind that comes with knowing sensitive information will be protected throughout the payment process.
Check out these five tips from BluePay. If you’re concerned about the security of your company’s sensitive data, commonsense ideas like these can make a big difference.
Guide created by financial institution payment processing company BluePay
About the Author
Kristen Gramigna is chief marketing officer for BluePay, a credit card processing firm. She has more than 20 years’ experience in the bank card industry in direct sales, sales management and marketing. Follow her on Twitter at @BluePay_CMO.