As March has now wound down so too has Fraud Prevention Month in Canada. However, the awareness of fraud and how to protect yourself should be something you are doing all-year-round.
As more and more stories make the news of big brands and businesses falling victim to security breaches and online scams, there is no better time like the present to brush up on your fraud prevention skills. Breaches aren’t limited to big enterprises and cybercrime does not discriminate.
According to the Websense report conducted by Ponemon Institute, 36 per cent of Canadian companies surveyed had experienced one or more cyber attacks over the past year that had infiltrated networks or enterprise systems.
There are a variety of ways to protect you and your organization from different types of fraud. At Peer 1, we offer services to ensure your protection. Monitoring web activity 24 hours a day, 7 days every week is only the start of how we protect our customers. If you currently have an online presence, are looking to increase your presence or are starting from scratch, here are a few things to consider.
1. Assess your needs. Small to mid-size businesses are going to have different security needs when compared to large enterprises. In the case of security, one size does not fit all. Providers should be offering a variety of managed services so businesses are able to customize their security services without compromising on around the clock monitoring and protocols.
2. Knowledge goes beyond the decision maker. When it comes to security, humans are typically the weakest link in the chain. Education is an essential preventative method such as ensuring your team is properly informed and aware of the company’s security procedures and best practices.
3. Use what you have on hand. There are measures you can put in to place right away when it comes to security. Encrypting your data and passwords will make your sensitive customer and proprietary information less valuable and sometimes completely useless to external sources. This simple precaution is often overlooked.
4. Security should be forethought. Security is about vigilance, rigor and a concern with detail and protocols, it should not be an after thought. Be sure to integrate security at the very beginning of a project’s planning phase. This will ensure you are not playing catch up when new services launch, procedures change or other adjustments to the business are made.
5. Choose vendors and partners wisely. When it comes to working with a third-party service provider, be sure you understand their security measures and data regulations. It’s their job to equip you with the latest technology and security updates but they also should be transparent with their own data storage and procedures.
Wider awareness of security measures associated with common processes, methodical governance and user training ranging from the security department to IT and administration, will help businesses create a holistic security strategy. Maintaining security is fundamental particularly as more businesses and workloads transition this year to cloud-based services.