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  No business is immune to the threats that cyberattacks pose today. This problem has been further complicated following a 600% rise in attacks during the pandemic alone.
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While there’s no fool-proof way to prevent cyberattacks, businesses can take security measures to ensure their financial assets are kept secure to a large extent. If you’re looking to prevent and be adept at responding to such incidents, below are some cybersecurity tips you can follow.

Use Strong Passwords 

Having a strong password protection system in place is essential for avoiding data breaches. As a basic security measure, all users should be required to set strong, difficult-to-guess passwords for their accounts, which they should change often. Unfortunately, this is often hard to implement, as it requires constant reminders. This problem can be solved using multi-factor authentication (MFA), an electronic authentication method that serves as an extra layer of security, ensuring security even if a password is stolen or leaked.

Training And Workshops

Organising training and workshops can go a long way in protecting your organisation from security breaches. This should take the form of frequent events to educate workers and users on security subjects such as detecting phishing emails, avoiding malware, preventing data breaches, and creating and maintaining strong passwords.
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Stay Secure With Security Systems And Software Updates 

Given the extent of havoc that cyberattacks can wreak on a company’s financial assets, making sure your organisation has security software in place is non-negotiable. It’s also vital to install software updates as soon as they’re available.

Consider Biometric Security 

Biometric verification – authentication of a user’s identity by using biological identifiers such as fingerprints, eyes, hand and earlobe geometries, and retina patterns – has become more widespread and it can serve as a reliable layer of security. Biometric security comes with a lot of advantages such as ease of use, hard-to-fake, and speed. However, it is expensive and sometimes error-prone, so it is important to consider these pros and cons before adopting it.

Protect Physical Assets 

Safeguarding an organisation’s physical assets is just as important as safeguarding its digital ones. Control access to laptops, desktops, and mobile devices, as this can be lost or stolen easily. Make sure to set all devices to lock when not in use and ensure that only limited administrative privileges are granted for such hardware. Featured Image Source: Asseco Group
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This article was first published on 7th November 2021


My name is Samuel Okoruwa. I am an ardent researcher, reading is life and writing is fun.

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