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Dangerous Hooded Hacker Breaks into Government Data Servers and Infects Their System with a Virus. His Hideout Place has Dark Atmosphere, Multiple Displays, Cables Everywhere.
The term “unauthorized access” means invading the privacy of someone’s computer without their consent. Such a situation can arise if you leave your system unattended or you are using your internet without any firewall to protect against malware and viruses. In order to protect your data, you can take preventive measures regardless of the operating system you use.

Today, users are aware of password protection that is essential for wireless networks and systems. Irrespective of the fact that cyber rogues can get access to your private data, there are still a few loopholes that most users aren’t aware of. Therefore, the shortcomings are utilized by cybercriminals in order to gain access to your system.

In this article, the best tips and techniques are covered to prevent unauthorized computer or network access.

Install all Security Patches

People who are using Windows PC often ignore Microsoft updates that ensure the security and protection of your confidential data. These usually pop up during work – thus users tend to ignore them to avoid interruptions. However, what they are not aware of is that these updates are critical as they include updated security patches that ensure better data protection. If you are concerned about why these updates are required, it is because the operating system and browser that you use have certain susceptibilities, which may give unauthorized computer access to hackers. In addition to this, hackers can easily determine loopholes to invade a computer. It is recommended to set the Microsoft Updates to automatic so that you can save your time and valuable data.

Browsing the Internet?  Pay Attention to File Sharing

This is critical if you are surfing the internet on a Local Area Network (LAN) where the file sharing feature is enabled for unlimited users. To keep your data protected, you should disable this feature. If you do not want to disable it, share files and folders only with users and systems you know. Leaving it enabled can make your system an easy target for hackers to invade.

Keep the Firewall On

If you understand the concept of a firewall, you should know its significance as well. This basically acts as a protective wall or layer between you and the internet. Before sending, a firewall’s primary responsibility is to track and scrutinize all the data exchanged between the computer and the server. In instances where your firewall thinks there is a threat, a pop-up warning message may appear to notify you. Having a firewall turned on, you can easily stop potential threats in the form of a malware or virus.

Carefully Read your Email Messages and Know the Senders

The majority of users tend to ignore or neglect email security despite knowing about it. It is imperative to ignore email messages you receive from unknown sources. Further, do not open any attachments included from a source that you do not trust. One of the oldest methods to send malware and viruses is through email attachments.

Maintain a Proper Backup of your Data Online

One thing that you should avoid doing is surfing the internet for important data on a computer that is infected. It may further create troubles as hackers can easily invade your computer to get unauthorized access to your valuable data and information. It is recommended to create and maintain a backup of all your data online. There are different platforms available to store your data on the server. Rest assured, such platforms are reliable as they offer limited or unlimited storage space for a specific amount.

Use Strong Passwords

It is essential to use a personal password for all of your accounts to prevent unauthorized access. A user has to be more careful about this if they use a shared system. Apart from this, make sure to change passwords often.

  • Use antivirus software. “Do not avoid security patches”. Download a strong antivirus to prevent viruses, worms, and others. This will prevent your computer from being hacked.
  • Keep the software up to date.
  • Verify your software security. Do not allow any application to make changes to your computer.
  • Back up early and often. Make use of websites that provide storage and allow you to keep a copy of your information. It will help to keep the data safe.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

hacker at work with graphic user interface around
No person or organization is safe from cyber security risks. In fact, it is nearly impossible to escape it in today’s world. Therefore, every individual and business owner should take proactive steps to build a safe and secure environment for their employees, associates, customers, and other users. A safe corporate environment reduces the risks that cyber criminals pose to a business. Below are a few smart ways to reduce information and data security risks to your computer systems.

1. Train Your Employees In Cyber Security

As bookkeeping is essential for financial recording, it is vital to set some time aside to educate your employees about cyber security, how to be smart online, and how to identify scams such as suspicious emails and websites.

2. Take Advantage Of Antivirus And Anti Spyware Software For Each Computer

Make sure that you have an updated version of a powerful antivirus software at all times on all of your computers and devices so that no device is infected with new viruses.

3. Avoid Skipping The Firewall

Firewalls are critical to keeping cyber criminals out of your devices. If you have more than five computers, to protect your overall network, it is good to get a network firewall.

4. Obtain Necessary Backup Copies Of Vital Data

In the absence of necessary data backups, you will be in a significant bind if you lose your organization’s valuable data and records because of a cyber breach. In fact, a minimum of one of your data backup sets needs to be kept off-site in a secure place so that only a few reliable and trusted individuals have access to them. Experts suggest locking up your critical business backup data.

5. Secure Your Wi-Fi Connections

Usually, Wi-Fi networks are easy ways for cyber criminals to obtain easy access to contents that are confidential. Thus, all of your Wi-Fi networks must be robust and complex enough to reduce your risk of this happening. Consequently, using special and numerical characters cannot harm, either.

6. Ensure Robust Control Over Access To Your Business Computers, Networks, And Other Devices

You’re bound to have seen the thriller movies where a cyber criminal fakes their identity and then attacks a server, stealing sensitive data by copying it onto a USB in a matter of minutes. Sure, that’s Hollywood for you. However, it happens in real life more than we’d like to admit. Thus, always make sure you know who is coming in and out of your company premises. In addition, do not permit individuals to play with your systems that contain important data files.

7. Create An Individual User Account For Each Employee

It makes sense to have every employee use their own individual official accounts to perform their jobs on your business computers. It ensures easier tracking of who is performing what activity online. This is a security measure that will be beneficial in many ways.

8. Keep A Password Policy In Your Organization

An easy tactic to safeguard your devices is to secure them with good passwords. A password policy will encourage all employees to change their account passwords quarterly and to create them so that they are difficult to guess. As mentioned earlier, it is imperative to build passwords using letters, numbers, and special characters simultaneously which makes it harder to crack the code. Consequently, passwords have to be easy to remember but hard to guess.

9. Limit Authority To Install Or Uninstall Software

Even if one of your employee’s user devices is compromised, a hacker would fail to download or delete software if you have limited authority. Only authorized staff members must be able to install software applications on your company’s devices in order to ensure a safe and secure environment.

10.  Leverage Cyber Liability Insurance

In case of a cyber breach or data hack on your business computers, cyber insurance will protect you from system failures, cyber extortion, and breaches. If your company heavily depends on its business computers, servers, and devices, or stores personal client information on them, it is a good idea to add a cyber policy to your company insurance plan.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

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These days, the cyber security industry is stepping up their game in order to keep up with cyber criminals.  Unfortunately, most businesses fail to realize why it’s important to have a large budget in order to support their security efforts..

Confidential data used to be stored in a secured safe or vault, but now this private information is stored in a server. Instead, the whole landscape of security has changed radically in the past ten years. The real danger these days are ransomware attacks instead of criminals trying to break into secured places. And, what’s worse, they can steal loads of money without having a huge chance of getting caught

The new landscape of security has also offered a new way to be a cyber criminal. The problem with that is that people, especially those in charge of big corporations and their budgets, aren’t aware of the severity of this problem and, thus, fail to realize the importance of security.

Sensitive online data is handled by thousands of companies that range from small businesses to local governments. To assume their servers are all secure is completely inaccurate considering how the general population lacks knowledge and awareness when it comes to cyber security and how they don’t care much about the looming threat to their servers involving cyber criminals.

What Can Be Done About Cyber Crime?

Any good security plan should be layered. Patching should only be just one part of the layers of security. Even if patching is happening accurately, regularly and quickly, the server is still at a huge risk of getting attacked by a cyber criminal considering the various other routes the criminal can still take. More serious threats include zero-days and social engineering. Companies that don’t have awareness programs for cyber security or security training sessions often end up the victim of such attacks.

These are a few examples of the numerous attack vectors a cyber criminal can utilize to gain access of the network or a computer. That is why it is frightening when you take a look on the fight between good vs. bad in the cyber world as a big picture.

Cyber criminals have numerous outbreak vectors and opportunities to exploit. They only have to succeed once; whereas corporations have to deal with several aspects such as budgets, ignorance, fear of the unknown, training end users, and training themselves. The list is endless.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

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The frequency of cyber attacks has grown to an unimaginable level within the past few years. The internet, which is a very useful resource, can also be a potential threat to your personal information or sensitive data stored on your computers or laptops. Also, most of our personal or business transactions happen over the internet which raises serious level threats as we expose our bank account details to cyber criminals or hackers. Cyber criminals use unique ways of stealing our private information that is, then, is misused by them.

Practically speaking, cyber attacks have become a scary reality for every individual and organization. Hackers have invented sneaky ways and techniques to steal from us, which are beyond our control and imagination. The prevention of cyber attacks is possible but only when we know how to tackle and deal with impending cyber threats. You must be prepared and responsible for blocking potential threats from hackers or else you will lose vital information.

Intensified Demand For Cyber Security Experts

The failure to come up with a counter plan for the prevention of cyber attacks is what causes businesses to fall prey to cyber threats. According to studies, nearly 95% of online businesses have reported data breaches on their online platform in 2017 which means cyber attacks have grown to become one of the leading threats to online businesses. Moreover, the demand for cyber security experts has also increased proportionally and every business with an online presence is feeling the need to have the superior expertise of professional IT experts.

Keeping your sensitive data like passwords, financials, bookkeeping records, and bank accounts safe and protected from outside intruders like hackers and scammers has become quite an intimidating task. Most individuals and organizations lack technical knowledge, skills, and abilities to deal with potential cyber threats themselves which is why they need to hire cyber security experts to ensure their sensitive personal information is safe and secure.

Protection Against Impending Cyber Threats

Since we use so many devices these days for personal and business purposes, it has become extremely difficult to protect our personal information against so many viruses, malware, malicious apps and other similar cyber-bugs. With so many tools and an abundance of information over the internet, cyber threats can be minimized up to a great extent. Most entrepreneurs who cannot afford to hire expensive cyber security experts for their data protection services can take advantage of various security tools such as strong passwords, a VPN, an antivirus software, a firewall, better hardware and precise software knowledge. Moreover, entrepreneurs need to stay vigilant of the latest trending digital threats which may hamper their operating systems.

Secure Your Devices and Networks

Businesses need to stay on top of their game if they expect to secure their company from potential cyber dangers. Data encryption can help you to protect and secure your devices and networks which prevents your personal information from leaving the servers and devices.

Backup Your Data

This is one of the leading data protection tips that is often overlooked. Backing up your sensitive data often gives you more command over your personal information. This means, if you lose your personal information somewhere, then you can recover it easily. Even if your original device is compromised, you will always get the data recovered from the duplicate copy that you have backed up.

Turn Off Your Computer

For the prevention of data theft, cyber security experts recommend to turn off our computers as soon as we are done for the day. Leaving computers and other smart devices on and  connected to the internet leaves us vulnerable to rogue attacks. Internet-enabled computers and devices can easily fall prey to cyber attacks or hackers. For preventing cyber attacks and malicious activities on the internet, you need to continuously upgrade your system which includes data security and safety, new hardware and upgraded software protected against cyber attacks.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

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The following are the top facts and figures related to the cyber security industry over the previous year and demonstrate what’s to come in the following years.

Top 5 Cyber Security Facts and Figures

1. The expense is expected to hit $6 trillion a year by 2021. Everything starts and closes with digital wrongdoings. Without it, there’s nothing to protect in the digital world. Cyber security experts and significant media channels have widely agreed on the expectation that digital wrongdoing harms will cost people around the world an estimated amount of $6 trillion every year by 2021, up from $3 trillion in 2015. This speaks to the best exchange of monetary riches ever, dangers the motivators for development and speculation, and will be more productive than the worldwide exchange of all major unlawful medications joined.

2. Cyber security spending is to surpass $1 trillion from 2017 to 2021. The ever-rising tide of digital wrongdoing has pushed data security (a subsidiary of cyber security) spending to more than $86.4 billion in 2017, according to Gartner. That does exclude the internet of things (IoT), modern IoT, and mechanical control frameworks (ICS) security, car security, and other cyber security classifications. Worldwide spending on cyber security items and administrations are anticipated to surpass $1 trillion in more than five years, from 2017 to 2021.

3. Digital wrongdoing will dramatically multiply the number of unfilled cyber security employments, which is anticipated to reach 3.5 million by 2021. Each IT position is additionally a cyber security position now. Each IT employee and  innovation specialist, should be included with securing and guarding applications, information, gadgets, framework and individuals. The cyber security workforce deficiency is surprisingly more terrible than what the employment numbers recommend. Therefore, cyber security unemployment rates have dropped to almost zero percent.

4. Human assault surface is expected to achieve around 6 billion individuals by 2022. As the world gets more and more advanced, people have pushed forward of machines as the best focus for digital crooks. There were 3.8 billion web clients in 2017 (51% of the total 7 billion population), up from 2 billion in 2015. Cyber security experts predict that there will be 6 billion web clients by 2022 (75% of the anticipated population of 8 billion) — and in excess of 7.5 billion web clients by 2030 (90% of the anticipated population of 8.5 million, 6 years old and more established). The programmers notice blood now, not silicon.

5. Worldwide ransomware harm costs are anticipated to surpass $5 billion. That is around $325 million more than 2015 — a 15X increment in two years and anticipated that would compound. Ransomware assaults on social insurance associations — the No. 1 digital assaulted industry — will fourfold by 2020. Cyber security experts expect ransomware harm expenses will ascend to $11.5 billion in 2019 and that a business will succumb to a ransomware assault at regular intervals at that point.

What does everything mean? In 2015, Ginni Rometty, IBM’s executive, President, and CEO, stated, “Digital wrongdoing is the best danger to each organization on the planet.”

Top 5 Cyber Security Statistics

1. The damage costs of cyber crime are expected to reach an amount of almost $6 trillion on an annual basis by 2021.

2. Cyber security spending is expected to exceed an estimated amount of $1 trillion, starting from 2017 to 2021.

3. Unified jobs in the cyber security industry are expected to reach an extravagant number of 1.5 million by 2019.

4. Human attack surfaces are expected to reach 4 billion people by 2020.

5. Up to 200 billion IoT devices will require/need online protection by 2020.


Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

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Internet connectivity has become a necessity in today’s society. The dependence on the internet has transformed the world into a digital jungle. Every day, billions of people around the world are logging on to the internet and using a plethora of social media platforms to stay connected.

Many devices use internet connections that aren’t secure; they provide little protection from iron-fisted hackers. Using a VPN network is essential to address and evidently tackle the issues of privacy.  A Virtual Private Network (VPN) is useful in providing protection against different cyber-attacks, including:

  • Fire sheep
  • Wi-Fi-Spoofing
  • Honeypot cyber attack

VPN and Network Security

Virtual Private Networks make internet-based networks secure, allowing users to get access to a provided network. The data shared on a private network through a VPN is safe and secure; the minimum risks involved with using VPN’s have made them more popular over time.

A VPN network functions like a Wide Area Network or WAN. At the front of the operations, WANs and VPNs have similar functionalities. VPN and WANs appear as they would on a private network, offering security from high hacker attacks.

Corporate Uses of VPN

Today, companies are focusing on using secure Virtual Private Networks (VPN). Large multinational corporations are leaning towards implementing the use of a VPN to make their remote data centers safe and secure from foreign threats including cyber attacks resulting in data breaches. A single data breach can cause a company to lose millions. The safe and secure access to corporate data centers ensures that their confidential information is secured.

Companies rely on using a VPN network to give employees access to corporate data anywhere in the world. In the last few years, home based internet users have started to opt for a VPN network as it provides some of the best security measures. It protects corporate data and keeps the network anonymous.

Why and When to Use a VPN Service?

A major advantage of using a VPN network is to keep important data networks away from prying eyes. When on a VPN network, it goes through different processes before the connection is encrypted and secure. The people who have access to the same internet network make the network more secure, allowing a single user with a VPN to remain anonymous.

Using a VPN network ensures the safety of data by providing adequate security even if someone is using a public Wi-Fi network at an airport, shopping mall, train station and any other form of public internet networks. A VPN system makes it safer to get access to crucial banking information as well. It’s safer to use a VPN network for all banking needs; it not only makes the network more secure but a VPN gives its user’s partial anonymity.

In countries laden with conflicts and internet censorship, a VPN can sometimes become the only way to stay connected with the outside world. In many conflict zones around the world, companies and people are using a VPN to keep their data secure and safe.

Using a VPN Service at Home

Home users can use a VPN network to make their network secure and avoid a cyber attack on their network that could result in a data breach and identity theft. Setting up a VPN connection at home is easy. Install a VPN application on a computer that you plan to keep on 24/7. Such a computer must have an uninterruptible power supply. Set up a VPN connection with the home network. This can be done through the router, NAS, and by a home computer.

Once everything is successfully installed, the VPN is now ready to run and secure the entire network. The VPN is not completely anonymous; the internet service provider will be able to see the traffic and the websites visited. Using a VPN network will allow users to stay anonymous and give protection from cyber attacks and hackers.

Even though a VPN does not provide 100% anonymous service, it provides a considerable security for any network. It serves as one of the most optimal solutions for a safe network.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

 

Business and technology concept.
Large corporations are no longer the ONLY target of cyber criminal activities. SMEs (small and medium enterprises) have become more and more exposed to the dangers of the cyber world, which is why SMEs are having a hard time securing their systems and networks. Cyber criminal activities have reached the point where industry IT experts have started assuming that it as a universal threat and, unless security measures aren’t implemented, systems and data security are doomed. Unfortunately, there isn’t a single organization in the entire world that can claim that it has fool-proof cyber security. The biggest threat to SMEs is not the breach of their system. It is not realizing the fact that cyber criminals can target their small-scale businesses.

The reality is, cyber crime is costly to SMEs, causing them to lose millions of dollars each year. The US alone is on the top of the list of having the highest number of cyber criminal activities. According to estimates, the reported cases of cyber crimes account for about $700 billion every year and these figures are multiplying at a massive pace. The thing is, the culture of “cyber-stealing” is growing and individuals with hacking knowledge and expertise are considering it as a safe career path that has a lot to offer to them. That’s why con artists and highly organized crime syndicates are coming up with sneaky tactics to break into SMEs accounts to steal sensitive information from companies. In short, cyber crime is a reality and those who ignore it can expect to face troubles in the future.

What Do Cyber Criminals Usually Look For?

In order to protect your business from cyber crime, you need to implement a prevention plan that will push infiltrators away from your company’s servers. Since cyber crime is multiplying, SMEs need to adapt to improved network security protocols in order to prevent sensitive data from leaking. Hackers, intruders, cyber criminals, or whatever you name online scammers usually look for business data, bookkeeping and accounting records, vendor details, sensitive personal and client information, banking details, and more that can be sold on the dark web for money. Therefore, improving your system and network security can greatly help you to prevent costly loopholes in the system.

What Can Cyber Crime Mean For SMEs?

First thing first—business disruption with an immediate effect! Cyber criminal activities can be hefty for SMEs as they can cost them a sustainable competitive advantage and also, financial and reputational damage. Those who trust you with sensitive information and rely on you for certain important aspects like the security of data, secrecy of business transactions, the privacy of vendor details and larger business interests need not be disappointed. So, you need to ensure that business data is protected against all predictable or non-predictable cyber threats.  It is ideal to keep proper checks and balances in places for preventing any leakage of information from company’s servers.

Keeping Your Business Safe from Cyber Crime

In order to protect your business from cyber attacks, it is ideal to create and implement your own security policy as it will give you more control over your company. Having a written, clear-cut security policy helps your employees know the menaces of cyber security threats and repercussions they might have to face due to an incident of cyber fraud. Also, you need to encourage your staff to shut down their computers once they leave the office and use complex passwords.

Cyber crime occurs when you fail to update your system and networks. You need to keep your operating systems, software, and browsers updated and install anti-virus software and firewalls for prevention of cyber attacks. Moreover, you need to be very careful with software installation as hackers are inventing new ways by which they can target SMEs that are vulnerable to cyber crime.

Hiring an IT Expert

Hiring an IT professional is the best way to secure your business from cyber criminals. SMEs can hire IT experts to ensure their data safety and network security when they fail to comply with network security protocols on their own. They are not as expensive as you may think. The choice to hire an IT expert is a fair trade. Spending money on data safety and network security is a wise move compared to what you could lose if you are not protected.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Hand showing the shield for protecting information systems.
Protecting your digital assets such as your website and your company’s online network is extremely important. As digitization accelerates, companies need to shore up their defenses against potential online threats in order to ensure data is well protected.

There is no denying the fact that the cyber security landscape is constantly shifting and business owners often have no clue how to deal with the ever-growing cyber security challenges. Today, businesses are discovering that, if they want to stay ahead with cyber security, they need to employ the right tools and techniques and hire the right people to ensure their protection. Although there are countless forms of viruses, malware, and online threats, the prevention tools are almost always there. You must integrate the proper cyber security options that you feel are right for protecting your business.

Staying Ahead of the Game

Staying ahead with cyber security can only be possible if you adopt an approach of constant learning and exploring new techniques to protect your network. Besides adopting a DIY strategy, you can also hire someone to expose your cyber security flaws. The concept of ‘ethical hacking’ that is prevailing today has undoubtedly answered the unspoken cyber security needs of business security flaws and network imperfections. This has actually turned into a professional career for those who are good at identifying cyber errors. Businesses that generally rely on their online presence can avail this golden opportunity to hire the services of a professional ethical hacker who can prevent leakage of important data or bookkeeping records from a company’s servers.

Come Up with a Sound Data Prevention Plan

The data breaches in MNCs such as eBay, Yahoo, Target, Sony and many other reputable brands bear testimony to the fact that cyber security threats are certain and you need to come up with a data prevention plan in order to ensure your business data is secured and well-protected against all cyber threats. Data breaches negatively impact and hurt the integrity of a business. If it continues, no business can expect to survive in the market for long. How? It slowly and gradually diminishes their market share and eventually kicks the business out of the competitive race. Moreover, breaches in MNCs teach us that no company is safe from the potential dangers of the internet and we need to organize our servers and strengthen our cyber security systems to mitigate risks. 

Always Keep Learning

Staying on the top o cyber security requirse you to be on your toes all the time. You must continue to learn the ways that cyber criminals can enter your system, servers, or network to steal vital information of your company and know what tactics they generally use to do so. To be resilient in today’s business climate, you need to fine-tune your plan of action and come up with a comprehensive cyber security plan in order to protect your company from threats and potential dangers. Arguably, there are many multifaceted aspects of cyber security that we may not be able to understand or comprehend, which makes it clear that hiring a professional cyber security expert is a wise choice for any business. They are experts in their field and know how things work practically.

Learn from the Mistakes of Others

Besides learning what potential threats are out there, you also need to learn from the mistakes of others. You need to learn those lessons so that you can draft an amazing cyber security strategy for your company that works for you. Staying updated with newer and advanced insights from the industry helps you know what’s right for your business. If you think your business is too small and you cannot afford to hire a professional IT expert,  you can go with a DIY strategy and install antiviruses and firewalls that will prevent cyber criminals from attacking your servers and stealing sensitive data.


Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Notebook computer.
Protecting your business from cyber fraud requires you to be well prepared for tackling potential threats and dangers. Here’s what you need to know
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Undeniably, the stories of cyber fraud that once seemed startling are now non-stop and have a knack for repetitiveness. They are no longer a surprise due to the frequency occurring vastly. Many think tanks have come together to combat this menace but it was concluded that solutions largely depend on the nature of a business. There is no denying the fact that cyber fraud has become a sophisticated profession that is posing threats to organizations on a global scale. You may be shocked to know that cyber fraud is expected to cross $3 trillion by 2019, a five-fold increase from the 2014 estimate. It is also important to note that a significant portion of cyber fraud goes undetected, causing US organizations to lose billions of dollars each year.

Shifting the Scope and Dynamics of the Industry

Before the advent of the internet, criminals had to dig through a company’s trash and intercept their mail to steal sensitive information. Although, stealing in the past and initiating fraud required extraordinary lengths and creativity which often restricted fraudsters to do their homework prior to committing a fraud. This indicates that stealing from a company was relatively more difficult and time consuming with a greater fear of getting caught.  Times have now changed.

Cyber Fraud in Today’s Era

In today’s fast paced internet era, companies are more vulnerable to cyber fraud as information is readily available online. Fraudsters, criminals, spies and hackers use the internet to hack into company accounts, steal people’s identities, infect devices with viruses and trick others into revealing sensitive information. These hackers have invented different ways to break into company accounts and their pattern of stealing is hard to guess. A most recent example is the “WannaCry Ransomware”, which actually caused people to lose billions of dollars worldwide. This cyber attack affected more than 250,000 users in more than 140 countries. Unfortunately, hacking has turned into a very lucrative business encouraging crooks of all types to enter the market with respective vested interests. From petty con artists to organized international syndicates, it is definitely a top concern.

How to Protect Your Company from Potential Threats

The good news is that companies don’t have to spend thousands of dollars to protect their invaluable information and data. We will briefly focus on low-cost, low-tech tips to protect your business from cyber fraud.

Establish a Clean Desk Policy

Prevention of cyber fraud starts with protecting and securing the most susceptible assets, your staff. You must motivate your employees to adopt a culture of a clean desk policy as it can be a starting point for most cyber frauds. Institutions like banks and other regulated bodies need to establish a code for a clean desk policy prior to leaving the office. This is a simple and effective way to secure your sensitive data and prevent it from going out of your company. This may include data about employees, vendors, clients, contractors, insurance agents, outsource agents and all internal and external stakeholders.

Reconcile Balances Everyday

We are living in an era where we witness cyber crimes every day. For preventing a cyber fraud, we have no other option than to reconcile our balances and accounts every day. It is important to have proper checks and balances in place for keeping your business on the right track. Maintain and regularly check your bookkeeping records so that you are aware if and when fraud is happening.

Establish Vendor Policies

To set an ideal platform for ensuring growth and success, you need to establish vendor policies. Protect your sensitive information and secure your identities, as cyber fraud can cost you a lot and may kick you out of the competitive race.

Verify All Requests Prior To Transferring Funds

This can be done through establishing contact by phone or scheduling a one-on-one meeting. Never transfer funds or make payments without confirming urgent requests made by your customers, vendors, or any other person involved in the process. This may lead to cyber fraud or banking repercussions such as discrepancies in transactions and loss of funds.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Cyber security concept businessman Lock on digital screen, contrast, virtual screen with a consultant doing presentation in the background Closed Padlock on digital, cyber security, key
Businesses are increasingly enjoying the ease and efficiency that cloud computing and server-based networks are offering in their daily operations. Whether constructed online or locally, networks enable organizational associates to communicate more effectively with each other as well as with the clients they serve. However, such convenience and efficiency come with certain disadvantages, like data insecurity.

Whether they are bank accounts or social security numbers, clients’, employees’ or business associates’ personal data, or internal corporate communications, every business deals with confidential information on a daily basis. Thus, they are responsible for protecting this sensitive data. Making even the tiniest security compromise can result in costly corrective measures that could significantly harm a company’s bottom line.

This mini guide to protecting personal information is not meant to alarm entrepreneurs and their associates. Rather, it will help them know that being vigilant about securing corporate data and information is critical for ensuring that they are not compromised in the future. In addition, it will help mitigate risks related to storing confidential sensitive data on a cloud, servers, and over networks.

1. Keep Things Simple and Stay Organized

During the hustle of everyday corporate operations, keeping data organized is one challenging task. Many organizations don’t even realize that they are susceptible to theft or fraud until it is too late. It is imperative to set aside the required quality time to review data stored on different networks and explore easy, simple, and coherent ways of organizing it.

Company owners must figure out the sensitive documents and files they store on their business servers or online. In addition, they should make sure that any confidential, sensitive information does not get mingled with the less sensitive content. Typically, organizations have necessary security solutions on hand to keep their sensitive information safe.

2. Protect All Sensitive Information

Even huge and successful businesses become prey to cyber criminals. These hackers steal their sensitive business information which could not only harm the business itself, but also their associates, employees, and customers. Passwords are a standard data and application security feature for individuals and organizations. Sadly, hackers and cyber criminals who adopt smart tactics to crack them compromise even the most diligently constructed passwords. Thus, it is critical that you change your company passwords regularly besides also maintaining the added layers of security.

3. Securely Dispose of Unimportant Information

The trash can is the worst place to properly dispose of sensitive corporate information. Using adequate methods to dispose of confidential data safely is a smart way to prevent it from getting into the wrong hands.

Several organizations dealing with sensitive data on a daily basis already leverage disposal routines. Shredding and recycling information is one of the most common ways of safely getting rid of unnecessary data. It provides dual protection: First, shredding the information makes it difficult for anyone to access sensitive elements; second, when shredded paperwork is sent to the recycling center, it is destroyed and recycled, thus, erasing the sensitive data that was once documented.

4. Cyber Security

Nowadays, it is obvious that most smart devices and personal computers feature powerful cyber security safety against malware, viruses, digital attacks and cyber breaches that could jeopardize their data’s security. In the same way, businesses also need to adopt similar precautions with their company servers and networks. Financial data is one of the most critical pieces of business information and compromising it can devastate the existence of a business in its entirety. Therefore, from bookkeeping to financial reporting, a business should ensure optimal safety of its financial aspects.

Unlike personal computers, company computers and corporate networks are often accessible to many individuals with varying levels of computer knowledge. Phishing scams are among the most common forms of security breaches. Such scams usually disguise themselves as websites or emails that appear trustworthy and reliable to a normal computer user. Consequently, it is imperative for a business to keep their employees well-educated on the threats of phishing scams as well as the necessary steps that must be taken to avoid becoming prey to cyber criminals.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.