Business Security Risks

No matter how careful a business owner and their employees may be, there are security risks around every corner. This is especially true of the massive amounts of data that are now placed on mobile devices and sent around the world, often not as protected as one would like to think. Whether it is a local brick-and-mortar shop or an online startup, it is important to understand what business security risks are out there and what can be done to prevent them before they hurt one’s business.

A Security Breach

When a security breach does take place, businesses will be looking at a wide range of direct and indirect costs that could affect them for years on end. Depending on the scale of the theft and the type of data that is stolen, customers will need to be reimbursed and employee hours will be used to recreate the lost information. Even worse, companies will take a direct hit to their reputation, and this could mean huge losses in current clients and future customers.

In-House Security

Unfortunately, security breaches as the result of negligence or a simple misunderstanding are frighteningly common. The mobility of one’s workforce and the accessibility of their information will go a long way towards productivity, but it also means that employees could be the company’s biggest liability when it comes to security. With sensitive data left open in the office or saved onto mobile devices, cybercrime will always be a major risk. This includes failing to protect the privacy and personal or financial information of both staff members and clientele.

Modern Options for Business Security

In the end, this process is all about balancing the security of one’s information with the accessibility and productivity of key assets. Anything from minor issues with malware to full system breaches can wreak havoc with a company, and this is why every business should adhere to a few basic security principles. First, all files should be backed up as often as possible, ideally with an encrypted offsite server. Business-grade encryption systems and firewalls should be on any machine that is storing any company information, including smartphones and tablets. Finally, all employees should understand basic security risks and adhere to company protocol when sending, sharing, or saving information.