- Protecting your business data is more important than ever, these days...
This blog post is about how to ensure the safety of your company’s data. It discusses the many benefits of securing data and the risks that come with not prioritizing this step. It will review what you can do to help secure your business’s data and how it can become a competitive advantage for you in today’s market.
Encryption: Securing data transfers
The File Transfer Protocol (FTP) has been used for decades to transfer data across businesses and departments. Using an FTP server to transfer data between endpoints can present security risks as the basic FTP doesn’t encrypt data.
Many organizations use FTP servers to transfer data between their sites, but they do not take the extra step to connect their FTP servers using Secure Shell – often referred to as SSH. The advantages of using SSH include increased security, which reduces the possibility of malicious attacks and protects data integrity as well. The most important benefit of using SSH is the encryption of sensitive data.
Why is this important to business?
Several industry requirements stipulate data has to be encrypted during transfer. For example, PCI DSS outlines the requirement to encrypt credit and debit card details. HIPAA requires that a patient’s sensitive data are protected.
The reliance on a username and password has been the standard to log onto a computer and other electronic devices. However, this isn’t the most secure method. A username/password combination can be guessed, stolen, or phished.
An alternative to using a username/password combination is using Multi-Factor Authentication (MFA). Using something you have and something you know has been the standard for securing data for decades. It’s better than passwords alone. The downside to this method is that it can be expensive and complex to set up in an enterprise environment, making it difficult to implement. With many types of credentials supported today, MFA ensures two out of three forms are used at one time, making it more resilient against attacks.
Secure your Connections
The increase in home and hybrid working has increased the chances of employees using unsecured networks to access company systems. The risk can be mitigated by requiring employees to access the internet using a Virtual Private Network (VPN).
The key benefit of using a VPN is that it masks the identity of a network to the outside world. The VPN provides a private and secure internet connection for the employees.
A VPN is suitable for companies that have the resources to invest in servers and are looking for better security status. However, with many Virtual Private Networks available, making a choice can be difficult and time-consuming.
You can implement a technological solution to improve your data security. However, if you don’t train your staff to use them properly, they will be useless.
You must educate your employees on the importance of data encryption and other security measures that are implemented. They should understand why it is important to safeguard the data and what can happen if it isn’t.
Data is highly valuable and so important to a business. The security of the data can be a competitive advantage for any business. Therefore, it’s not only PCI compliance driving the need for improved security but the impact on the bottom line and competitive advantage.