Technology has tremendously affected how businesses operate. There is no denying the fact that these modern advancements provide substantial benefits that enabled even the smallest enterprises to compete on a global scale.
However, as businesses are becoming more heavily dependent on technology, the risks that go along with it are becoming more apparent. Almost every day, there are news reports of data breaches and cyber attacks experienced by even the most advanced companies in the world. This makes the issue of how technology is affecting cybersecurity at the forefront. Has technology fortified business security or is it also the culprit that unlocked an onslaught of threats?
The Pros and Cons of Technology in Business Security
Almost every aspect of business now relies on technology. If you’re an entrepreneur, technology is essential in organizing your business to ensure success.
But while there are various tech solutions that were designed to improve operations, productivity and marketing, one highlight is how technology has completely altered cybersecurity and the way companies protect their business assets. Here some notable advancements that made significant impacts in the corporate world.
Digitalization of Data
While many companies still maintain physical paperwork, the amount of printed data being circulated has dramatically decreased. Documents, correspondence, contracts, client files, financials and many more are now digitized rather than printed and filed in a murky storeroom. This has not only allowed easier access to information but also guaranteed that physical threats such as fire or theft will not be able to wipe away valuable information.
While digitized data is generally considered a more secure way to store information, various hazards have also been discovered. Data breach is a very rampant problem that affects thousands of businesses. This can happen through physical theft or through cyber-attacks.
In the olden days, when someone stole a printed file, the thief would only have access to the information contained in that file. But today, if a laptop gets stolen, the thief would be able to obtain a plethora of information from that stolen machine. In fact, according to statistics, a laptop is stolen every 53 seconds and that 45 percent of healthcare information breaches occur on stolen laptops.
Data theft also occur through cyber-attacks using computer viruses, malware, ransomware, adware and other malicious web programs. One of the most controversial data breach in history happened this 2018. It was when 87 million Facebook profiles and personal information were improperly accessed by a political consultancy firm Cambridge Analytica. This even required Facebook CEO Mark Zuckerberg to face the US Congress in order to discuss the platform’s data practices. Knowing that even tech giants like Facebook are not immune to these attacks launched a renewed concern over data security.
Access Control Systems and Security Monitoring
The traditional lock and key have evolved into a more sophisticated form. Businesses all over the world are now applying state-of-the-art access control technologies like biometrics and motion sensors to secure their offices. Through biometric access, it has become possible to determine which employees entered the building at a certain point and this also made it easier to prevent unauthorized access.
HD and 4K security cameras are also becoming more popular making monitoring systems more efficient. The cost of these systems is also becoming more affordable which has made it easier for more companies to apply them.
Because these systems are often connected to the company’s main network, the risk of these systems being hacked also exist. IT security providers are however becoming more adept at countering known and potential threats to ensure that these systems will serve their purpose.
Business Tools and Applications
Numerous computer applications are now being used to streamline different business operations. These tech tools support businesses and help them scale even with minimal resources. With these apps, a business owner can even run automated business tasks to increase productivity. Some examples are financial accounting software, file sharing tools, marketing apps, social media apps, project management software and Cloud technology.
In terms of cybersecurity, relying on these apps and their automated functions can help businesses minimize or even remove problems caused by human error. Most of these applications come with notification settings that alert owners whenever systems are accessed or when changes are made. This is especially beneficial when dealing with financial data because inconsistencies can easily be detected and tracked through these applications.
Another example is the use of cloud technology which is becoming a highly popular alternative to physical local servers. Saving company information in the cloud means you and your team can work remotely and still have access to your data 24/7. With cloud technology, you don’t have to run to the office to access files from a local network.
However, placing all your company’s data in one digital location without a secure backup can be risky too, as you may lose all your data in an instant. This is why many top cloud providers are now becoming more innovative and they are constantly offering security guarantees like end-to-end encryption and “zero knowledge privacy”.
Security Tactics That Can Protect Your Business
Often, entrepreneurs and employees are unaware that even small businesses are highly vulnerable to numerous threats. It is then important to avail of security tools like anti-malware programs to provide a layer of protection.
Training employees on how to avoid security threats is another recommendation that can potentially save businesses from hazards such as cyber attacks.
When using computer programs and applications, it is also highly critical to choose only reputable providers especially when these tools are being utilized to store sensitive and private information.
Performing regular IT security audits is also a smart way to ensure that the businesses are operating within a secure tech environment. This can help minimize risks and protect data from breach and theft.
Safeguarding Your Business
Using technology to secure your business presents both advantages and disadvantages. In order to protect your business, the key is to always be prepared by using up-to-date security measures that will prepare you from any threats.
While, it can take a lot of time and painstaking effort to create and implement a robust cybersecurity policy, having this in place is a necessity to ensure your company’s safety.