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Major Online Security Threats Businesses Face

With the advent of new technologies, businesses are growing at a rapid speed and so do criminal activities.


In the last few years, major global companies like Yahoo and Facebook have experienced security issues like identity crimes and data breaches.


It has become vital for every business whether small or big to take adequate safety steps to protect their client details and information.


Here are the risks haunting businesses:


1. Data breaches


Businesses that deal with a ton of paper documents like client records, financial statements and employees data are highly vulnerable to data breaches.


It can expose personal information like credit card details, client names, business information, financial data and more.


Also, it increases the chances of hefty fines and the company may suffer reputational damage.


It is more important than ever for every business to shred its confidential documents safely and strengthen its IT security policies. You can even hire reliable document destruction services in Perth to ensure the safe disposal of private documents.


2. Insider threats


Do you know 25% of breaches are due to insider threats?


An insider threat is one of the major security issues hitting small businesses every year. It occurs within the targeted organisation and can be due to the malicious actions of current or former employees, business partners or associates.


Any person who knows about your company can steal and misuse sensitive data due to greed or simply through negligence.


The longer it takes to detect the insider threat, the higher it may cost your company. The best bet is to implement strong online security policies within your organisation.



3. Phishing scams


As per sources, 32% of all data breaches involve phishing.


Phishing is one of the fastest-growing cybercrimes most businesses have experienced.


Victims are tricked to reveal their private information like birthdate, phone numbers, credit card details, etc.



Any cybercriminal can steal user data and you may have to face serious consequences like financial loss, identity theft, loss of customers, reputational damage, etc.


4. Malware attack


Malware is a malicious form of software designed to steal, encrypt or delete computer data, seize functions, or track your activity without your knowledge.

Trojan horses and worms are common types of malware.


Malware can enter your computer through pen drives, hard drives, website download,s or spam emails.


5. Ransomware


Ransomware is one of the most common and destructive cyber-attacks that can wreak havoc on your business.


Like malware, it also encrypts users' sensitive data so that they cannot access their files or applications.


A business that experiences a ransomware attack may have to pay hefty prices for data loss or may have to halt its operations.


Prevention


Criminals are getting smarter day by day. They are finding ways and means to outdo different online security measures.


It’s important for the organization to take adequate steps to avoid any unfortunate event.


  • Store document at a safe location

  • Make digital copies of all documents

  • Shred papers in the safest way possible

  • Never share your personal information with anyone

  • Install anti-virus in your systems

  • Don't store passwords on your laptop


If you are one of the companies that want to get rid of sensitive data in the safest and efficient manner. Dial 0458 088 000 & get in touch with our licensed paper shredding company in Perth.

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