Why Businesses Need Password Management

As digital technology becomes more advanced, so do the risks of online security breaches. Cyberattacks continue to be a problem, so businesses need to implement reliable security measures now more than ever. There are many security solutions available. One of the simplest yet most effective is a first-rate password management solution.

What Is Password Management?

Password management is a general term that refers to the steps a business uses to keep passwords secure. It includes everything about passwords, from knowing how to pick a good one all the way to using advanced software to store and regularly update all the passwords.

We all know how important it is to choose passwords that are hard to decipher and to make sure no one knows your passwords. But this is easier said than done. It happens very often that people forget passwords. For this reason, you might have a digital file where you keep all your passwords, or you might write them in an actual notebook. However, these kinds of password storage solutions are not very secure. This is where password managers come in.

Why Using a Password Manager Is Necessary for Businesses

Every business would benefit from a password manager, especially if the operations and transactions happen online. There are a few different managers in use today: browser-based, portable, desktop-based, or cloud-based. Of these, the latter is the most highly advisable and necessary for business use with password management. Why so? Here are some excellent reasons.

You don’t need to remember every password you have

Practically everything we do online requires us to log in for security reasons. This means the average person today would have at least a dozen different passwords to remember. Perhaps you can use the same password for all accounts so you will have fewer to remember, but that is not secure.

With password management, you don’t have to remember so much because the software will remember it all for you. This allows for less clutter in your mind and, ultimately, higher work productivity. One password you have to remember is the one to log into the password manager.

You can access your passwords from anywhere

Since we store the password manager in the cloud, you can access it from anywhere that you have internet access. It’s not just you, either. Any individual with permission will also be able to get access to the passwords.

Password management gives you more security

As with many cloud services, a cloud-based password manager comes with dependable security features that you can trust. Also, if you use the password manager to generate passwords, it will give you something more secure than your birthday for a password. It will generate complex combinations that are virtually impossible to crack.

An Extra Boost of Security

A password manager is of great help in terms of convenience and security. But there are other modern solutions that you can take advantage of as a business owner to ensure your data is secure. One solution today is using biometrics as an alternative login method.

Biometrics uses physical attributes, like fingerprints, facial recognition, or voice recognition, that are unique to the individual, making it impossible for anyone else to access their account.

Another way to elevate password security is via multi-factor authentication. The added layers of verification will reduce the chances that unauthorized individuals might get in.

Protect Your Business by Protecting Your Passwords

To help you understand further the importance of password management in business, we invite you to Watch our Webinar on Digital Estate Planning and why Password Management is a must. It seems like such a minor thing, but keeping your passwords protected is essential to the overall security of your business. Call us today so we can get started!

How To Know If You Have a Solid BDR Plan?

Data backup and disaster recovery are two of the most critical services businesses expect from an IT provider. It is especially crucial when malware attacks are so frequent that your business can easily crumble if caught without adequate preparation. That is why you will need to have a solid BDR plan.

If you have an IT provider, there’s a good chance they’ve already set up a BDR plan for your business. The question is, how do you know if this plan is any good? Will it protect you in the event of a nasty cyberattack? Will it help you get your business back on its feet after suffering the effects of a natural disaster? Is the protection it gives your business worth the money you are paying for it?

Crucial Elements of a Solid BDR Plan

Many business owners are not tech experts; therefore, they hire IT providers to manage their technology needs. But even without professional expertise, you can tell how solid your BDR plan is by checking if it satisfies the following areas.

Proactive Measures for Disaster Recovery

There are many causes of disasters, and a sound and solid BDR plan should have proactive measures for each possibility. From natural disasters to system failures caused by human error and everything in between, your BDR strategy should have it all covered.

Priority for Critical Business Functions

Each business is unique and has its own set of critical functions. That means there is no single solid BDR plan that works for everyone. You know that your IT provider has given you the best solution if they have taken the time to understand your business and have identified the crucial elements that need the highest level of protection.

Emergency Response Procedures for a Solid BDR Plan

During an emergency, it is critical to have a timely response, as this would be very helpful in mitigating risks and preventing further damage. A solid BDR plan should incorporate an emergency response protocol that includes IT support for keeping the company’s data and network as safe as possible.

Secure and Reliable Data Backup

The point of a data backup system is to have a secure copy of all your business data that you can use for recovery in case of a disaster. A solid BDR plan would backup data in cloud storage, which offers a high level of security and is in a separate location from your business.

Routine Testing and Reviews for a Solid BDR Plan

Even the most solid BDR plan can eventually become outdated, especially with the rate at which technology changes. Also, as your business grows, the risks might also change. Therefore, a reputable IT provider always does routine testing to check the integrity of your systems and makes adjustments to ensure that it keeps up with all the changes.

Evaluating Your Current BDR Strategy

Look at the BDR solution your IT provider has set up for you and see if it meets all the above requirements. If it does, then you should be in good shape. But if anything seems off or not up to par, it’s time to consider upgrading to a better BDR plan.

At our company, we have been keeping businesses prepared for worst-case scenarios for years. We specifically design BDR solutions to meet each client’s needs. You should include a solid BDR strategy in the list of your small business needs. You can familiarize yourself with the many benefits of a BDR plan by downloading our FREE Infographic.

If you want to experience peace of mind for your business, call us today, and we will set you up for a free consultation.

IT Compliance and Why It Is Important for Your Business

In running a business, there are a lot of important matters that need to be taken care of. Even if they are not really in line with the core competencies of the business. One such matter is IT compliance. In the last few weeks, we have been talking about compliance and how it is important to your business.

IT Compliance

What Is IT Compliance?

One of our recent blogs gives a brief but enlightening overview of what IT compliance is all about. In a nutshell, it is the process of complying with the rules, regulations and requirements set by a third party, which aim to reduce the risk for your organization and allow you to operate within the location or industry under their jurisdiction.

IT Security

How Is IT Compliance Different from IT Security?

IT security is another term that we are all familiar with, especially these days when online fraud, data breaches and other kinds of cyberattacks are so prevalent. In another recent blog, we list the differences between IT security and compliance, and also how they are similar in some ways.

The Similarities

IT Compliance and security can be quite confusing to a lot of people, with many mistakenly thinking that they are the same concept. This is understandable as both do have to do with the protection of your organization amidst the threat-filled online environment. That is, both reduce the risk for your business and let you operate more smoothly.

Also, both compliance and security are vital for gaining and maintaining the trust of your clients. By showing that your system is secure and fully compliant with all industry and legal standards, you can attract customers and build a positive reputation much more easily.

The Differences

One of the primary differences between IT compliance and IT security is that the former is only to fulfill the requirements set by a third party, while the latter is done for the actual protection of one’s business or company. As such, IT security usually involves much more stringent safety measures and protocols that aim to keep your system as safe as possible.

Another difference is that IT security is an ongoing process that needs to be maintained 24/7 while compliance is done as soon as the requesting party is satisfied. The requirements for compliance remain more or less the same for a very long time, while security needs can change very often as it needs to address the continually evolving strategies used by hackers day in and day out.

Achieving Compliance

Why Compliance Should Be a Team Effort

Compliance is considered by many as routine work that only requires the minimum requirements set by a third party. With that only one individual is working on compliance for the company. But compliance is actually a much more significant and much larger task than that. In yet another blog, we discuss the reasons why compliance should be a team effort for any organization.

Among these reasons is that there are plenty of discussions that need to take place before full compliance is complete. Some of the most crucial issues to talk about our email encryption, data encryption, firewalls, backups, data availability, and storage. If you don’t work on these matters, it can lead to fines and penalties for your company. Worse, it could leave gaps in your security system that hackers can easily get through.

We have a 10-step guideline that you can follow if you think there is a hacker in this infographic.

But of course, we don’t want things to go that far. To minimize the risk of that happening, you need to put due effort into compliance. It won’t be practical or wise to expect just one person to complete this sensitive work. We highly recommend delegating the work to a team of experts who can guarantee that all requirements are complete. This will let your organization be fully compliant in no time at all.

To find out more about how we can help, just call us today and we will schedule a free consultation!

A Guide to Protecting Your PII

PII is short for Personal Identifiable Information, which refers to any data that can identify a specific person. A hacker can exploit your PII to gain access to restricted areas, make unapproved purchases under your name, or even steal your identity entirely. To keep these incidents from happening, you must know about protecting your personally identifiable information. This is a practice that you must do both online and offline.

Physical Ways of Protecting Your PII

Although we now do most of our business online, there is still a lot of tangible data that hackers can get their hands on if you are not careful. Mail, account statements, and utility bills all have PII like your name, full address, and account numbers on them. Thus, you need to keep these documents safe from data thieves.

Secure Storage

One of the crucial steps in protecting your personal identifiable information is the safe storage of your documents. You can start by having a lock on your mailbox, which is a must. You can also use a secure PO Box where only you can access your mail. It is also advisable to keep your important documents in a fireproof safe at home instead of carrying them around in your purse.

Scrutinize Your Mail

When you get bills or account statements, go through them carefully and check for items you might not recognize. Even better, check your financial statements online regularly instead of waiting for the paper bill. Mail is notorious for including your PII, and is why mail theft is so common.

Use a Shredder

Never throw away bank statements or any financial documents, even if you don’t need them anymore. Hackers are not beneath the practice of dumpster diving, trying to recover any data that can help them do their dirty work. Invest in a personal shredder that you can use to dispose of sensitive documents.

Digital Ways of Protecting Your PII

It is now much easier for hackers to get access to people’s data because almost everything is online. Be very careful when traversing the web to keep your PII safe.

Choose Strong Passwords

Good passwords are hard to figure out because they use a combination of letters, numbers, and other special characters. Change your passwords at least once a month for more security.

Use Only One Credit Card

You are at greater risk of having your credit card information stolen if you frequently shop online. Don’t use more than one credit card when shopping online, this will keep your PII safer and less likely to be stolen.

Be Mindful

Whether you are browsing the web, checking your email, or checking your social media accounts, always keep your guard up. Do not click on suspicious links or attachments, and ignore pop-ups because these are all likely to contain malware.

PII: Steps to Take If You Think You Were Hacked

Despite all your precautions for protecting your personal identifiable information, you may still feel that someone has compromised your data. There are a few critical things that you need to take care of right away. Instead of going into a full-blown panic, we strongly recommend that you follow our FREE 10-step guide on what to do if you think you have been hacked. You might feel helpless at first, but by following this guide, you will get on the road to recovery much faster and have a good chance of recovering your data and regaining control of your network. To learn more about protecting your personally identifiable information and keeping your network safe, you can check out the many useful resources we have or give us a call!