Whether it's cyber criminals engaged in making money through fraud, competitors interested in gaining an economic advantage, or employees misusing the sensitive data they have access to, the threat to a business's data security can arise from several sources.
And, this threat is on the rise. Recent research shows that in the second quarter of 2019, businesses in the UK faced an average of 146,491 attempted cyber attacks - an increase of 179% from the same period in 2018. Staggeringly, this equates to one cyber attack attempt every 50 seconds.
For organizations that hold sensitive personal data of their customers and suppliers, a successful breach could result in a loss of trust and significant reputational damage within the marketplace.
So, with the ever-increasing threat to data security, and the damaging impact that a breach can have, the question is, what can you do to protect your business?
One of the first things you should look at is implementing cloud-based technology into your business due to its abundance of features that help to keep data secure. We’ve picked out three of the key features below.
3 key features of the cloud that protect businesses from cyber attacks:
Hacking techniques are becoming more effective every day, so a simple combination of a unique login ID and password is no longer enough to guarantee the safety of your data.
Two-factor authentication acts as an extra layer of security. As well as using their usual login ID and password credentials, the user will also be prompted to enter a unique verification code (usually sent to their phone) to access their account. Without the unique verification code, an imposter won’t be able to illegitimately access the account even if they do have the users password and login ID.
simPRO users can take advantage of this added layer of security by downloading Google Authenticator on their Android or iOS devices to enable two-factor authentication and prevent unauthorised access to their accounts.
The ability to set up access rights is another benefit of cloud-based technology. Data owners can provide or restrict access to sets of data dependant upon a users role within the organization.
With simPRO, security groups can be set up to limit access to various functions within the system, so only relevant data is accessible to the user. This reduces the risk of data misuse and mishandling and can be great for organizations who have different departments. For example, field engineers are only able to access relevant customer information for their allocated jobs, and are blocked from performing actions that fall outside of their remit (e.g. creating customer quotes).
In the event of an employee having their mobile device or laptop lost or stolen, their login details to access simPRO can be removed or changed immediately minimizing the risk of your business data falling into the wrong hands.
As opposed to storing data on a local hard drive, cloud-based software stores data on internet-connected servers that are managed by data centers.
Certified cloud data centers are monitored 24/7, have a range of private networks and firewalls so that data is inaccessible from public networks, and are SSAE 16 accredited. SSAE 16 accredited data centres stipulates no public access to the data center floor at any time, making it nearly impossible for anyone to access the data.
These are just some of the clever features designed to help businesses secure their data and risk of cyber attacks.
Click here for more information on the robust data security features that simPRO has to offer, and the benefits of the simPRO Cloud.