5 Mistakes that Business Owners Make with their Security

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Business owners are in charge of their security systems, which is why they need to understand these mistakes that can lead to significant security breaches. Here are the five most common mistakes listed by https://freeopinionist.com/  that business owners make with their security:

  • Not understanding how hackers operate
  • Not having a secure website
  • Assuming their system is 100% infallible
  • Failing to maintain the integrity of information stored or transmitted on their system
  • Not auditing or considering audits prior to entering into transactions with third parties 
How to Create a Business Security Plan - AllBusiness.com

Not understanding how hackers operate: 

With hackers having the capability and technological know-how, they can manipulate and alter data to create a false picture and facsimile of value that may or may not be real. This is what many business owners do not comprehend. For instance, if you charge money for renting your facility then there should be a record of who you charge money to and for what duration of time. 

When you sign up for credit card services such as Visa or MasterCard, they provide you with a VISA or MasterCard number in order to use their services. But what happens when you go to use their services? Well, you submit this number to the service provider who then reads it off to the real company that issued you this credit card number. The service provider runs the card through their computer and once approved, they sell it on for a percentage of what they earned on your behalf. This practice is called “carding” and has become far too common among hackers. 

Fraudulent activities

Fraudulent activities like carding are very detrimental to businesses because many people may be confused if they find themselves paying more than their account balance on their bank statement, despite having paid all of their bills on time; some may even think that there is something wrong with the bank’s system or software. This is where the importance of strong, secure security systems is paramount. Criminals that are able to compromise data of this magnitude pose a huge threat to the health and safety of your business, so it is vital that you take steps to protect yourself against these criminals.

Not having a secure website: 

A secure website not only protects your website, but also supplies you with all of the necessary safeguards needed to keep your customers’ data safe and secure. When someone uses your site, they know that their information will be encrypted while passing by the Internet; therefore there is virtually no way that they can get into your system without someone giving them access through some sort of vulnerability. A secure website protects you from fraudulent activities performed through your system. 

Though hackers are unable to breach your website, if your system is not secure, they will be able to access your information. Most hackers will perform a search for “secure websites” to find out which ones are best-suited for their needs. Only by having the proper tools, which include a high level of encryption, could these criminals have access into other people’s systems or computers that they may have account numbers on through other credit card products that are connected to the Internet. 

Assuming their system is 100% infallible: 

This is one of the most common mistakes that business owners make with their security because so many people assume that they have a “hacker-proof” system. This assumption can be very costly and dangerous, and it only takes the hacker about an hour to find a way around your defenses. It has been estimated that just one minute of un-tagged data could cost your business $40,000 in lost sales and productivity. As an example, sometimes you may be using a remote system to log into your computer. If you are using this remote system to log in remotely, the attacker knows that they can always manipulate your screen, making it appear that you are sitting at your desk with nothing on the screen.

Integrity of information

Failing to maintain the integrity of information stored or transmitted on their system: This mistake happens when you store sensitive information on an unsecured computer or hard drive or if you transmit it over the Internet without encrypting it first. Encrypting your information makes it far more difficult for unauthorized users to gain access to it, and not only will the hacker pursue this goal, but also other potential thieves as well. 

For instance, if you store your credit card numbers on a computer system that is not secured and is easily accessed by anyone, then anyone could just go through your whole database and steal all of the numbers. It really is that simple. This mistake can be costly because much of the financial loss can be tied directly back to this incident: If people’s credit card info was stolen and used fraudulently, then they would have to pay their bank or credit card company for all of these transactions that occurred without their authorization. 

Not having a good security system in place: 

This mistake happens whenever people do not have a strong security system in place because it is one of the most important aspects of effective security systems. A weak security system does not provide you with many useful features that can keep your data secure and safe from cyber-attacks. A good security system includes many tools that will protect both your computer and its information against unwanted intrusions.

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