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I must confess that I love asking Siri to change the songs or dimmer my living room lights. Siri is on all the time, and so is my microphone. We are asked to check the box that asks, “I agree to this privacy policy,” without even reading it. But should we as business owners worry about our data if there is so much control on the internet? The answer is definitely.
As a business owner, your data is your most important asset. Your systems are packed full of confidential financial information about you and your clients. If this information isn’t secure, then you could lose the trust and reliability you have spent your entire career building. Additionally, your client’s private financial information could be left completely exposed.
Cyber attacks happen to small and medium companies
Data breaches are the most common form of cyberattacks to occur to businesses. Small to mid-sized companies are even more exposed. Often, these businesses will utilize outdated software to protect their data, but these can be highly vulnerable to cyber attacks of any kind.
Okay, so now that we know the risk, how do we prevent this? The first and most important thing to ask yourself is where my data is most vulnerable. By assessing your current protocols, you will fully understand where you need the most protection.
Learn the simple steps to prepare cash flow projections to improve your business cash flows.
After doing this try the following steps:
Implement these solutions to protect your company from cybersecurity attacks. If you don’t have a procedure for handling the security of financial information within your business, it is vital to consult a professional to ensure that you are protected. Get in touch with us if you have any questions.
PS – I share news, articles, tips, and free guides on financial planning, taxes, cash flow and other finance topics for business owners on these channels. Let’s connect!
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