By Kelly Wilson – Content Writer at Liberty Lending,
Today, we all transact online, shop; buy movie tickets, pay bills, transfer funds, and businesses make bigger transactions on the internet. Then, there are cybersecurity issues; unscrupulous hackers are on the prowl to steal your personal information and bank details. Therefore, it is imperative that you raise awareness about cybersecurity and transaction safely on the internet. You need to protect your digital assets, both in personal life as well as in the business world.
Most of the customer-oriented business processes such as healthcare, utility, finance, etc. are done online. We need online access constantly to pay bills or make business-related expenses. Then, we also expect our transactions to be safe, secure, and free of internet threats.
According to an article published on https://www.huffingtonpost.in, many small businesses or startups often ignore data protection, not thinking that a security breach would lead to grave consequences such as the landing of their funds in suspicious hands, loss of customers, legal suits, and loss of profits. The same way, some customers do not pay much attention to security when transacting online. They may lose their money too if not careful.
Therefore, it is high time that both businesses and consumers treat their digital assets and transactions seriously. It means prioritizing the sensitive financial data that you use online to transact. Read on to learn about the four best cybersecurity tips in this article.
1. Treat your sensitive accounts seriously
You have some priority accounts and need to treat them seriously. Increase the level of security in the major areas. Try implementing the highest security protection when it comes to your priority business accounts. You might be wondering how to prioritize. Well, let us explain. Make everything a priority based on the sensitivity of information like personal financial data, personal transactions, personal health details, and things like that. Classify according to low, high, and medium level of data sensitivity related to each of your business websites.
Focus on issues like, if any particular account of yours has been hacked or an unauthorized person has access to your confidential data. Focus on the possibilities of data alternation, fraudulent activities, and stealing your information. Once you’re done thinking, take the right steps to protect business data. These little things matter in keeping your business accounts secure from the hands of internet hackers.
2. Make a list of your digital footprint
Today, your digital footprint is spread across multiple websites, apps, and more. It is huge and difficult to erase. There are no worldwide delete buttons to erase your personal and financial information on the web. You have them on several websites, mobile apps, social media sites, and more. There is no easy way to delete your digital transactions.
Even if you make an attempt to erase your digital information on websites, you need to do so one at a time.The task is extremely challenging, time-consuming, and sparingly successful. Then, what are you supposed to do?
With so much of your information spread online, it is imperative to determine which sensitive data is where. Let us explain this point with the help of an example. For example, if you want to take a loan from Liberty Lending, your financial details will be recorded on their website. Then again, how many websites and app have your credit and debit card details? How many of these websites have your updated card number and expiry date? Where do you store your important files, documents, and videos on the internet? Make a list of all these things on a spreadsheet and highlighting the kind of sensitive information related to each of these websites or app.
If you do not use a few sites anymore, delete all your personal and financial data from such websites. You can also delete your profiles from sites you no longer use.
3. Set powerful authentication and access control for specific accounts
When you have priority accounts, visit those accounts and increase your privacy and security settings one at a time. It means using very strong passwords. Make sure you use a combination of caps and lower case alphabets, numerals, special characters, and alphanumeric characters. Change your security questions and implement high levels of privacy settings and authentication. Make sure you change your passwords more often for priority accounts.
When it comes to security questions, your answers should be memorable, not correct. You might be wondering what we are talking about after all. For example, if your security question is which your favorite hobby is, write the name of the hobby you love but with a wrong spelling or with a few special characters. These steps will help you prevent your accounts from being tampered by hackers who can easily guess your answers.
Set up two-factor authentication for iCloud, banking applications, and emails. Two-factor authentication means two checkpoints before you can log into your priority account. You have a password for your banking application. You can set your smartphone code like a second authentication. When you enter the password, the application will send you a code to your phone. An SMS sent to access your banking application. High-end smartphones today have biometric authentication, which is better than passwords. Your fingerprint is a unique biometric option to access your accounts.
4. Update your applications
You need to keep your browser, operating system, applications, and other crucial software updated with the recent security patches. It will help in reducing cybersecurity threats such as malware, viruses, and the prevention of personal data from being tampered or manipulated. There will also be a limit to the amount of sensitive information you post on the internet.
You can read more about cybersecurity tips online to raise awareness. Additionally, back up your data regularly online or offline using an external storage device. You can also schedule the backup to ensure regularity.
Protecting personal and business data is everyone’s responsibility. Those who are unaware can read up security tips available online. You can also consider some of these ideas mentioned in this article. Use your debit and credit card information carefully to prevent security breaches and online theft.