Security is paramount in any business. Technology advances have exposed businesses to new kinds of threats. Various types of cyber threats expose companies to data theft, which might compromise business operations. As such, cybersecurity is a vital component of any business security system. Below are several considerations you should make when creating a business data security system. 

What kind of data do you have?

Your kind of business will determine what type of data you have in store. For instance, a retail business could have financial data, employee data, and data about the business strategy. On the other hand, a security firm could have data on their clients, an analysis of threats, and how to mitigate such risks. You should also determine who has access to such data. For instance, while low-ranking employees gather data, the management organises the data.

How valuable is the data?

Group the data into valuable and non-valuable data. Non-valuable data is data that does not pose any threat when in the hands of malicious individuals. For example, sales records are not as significant as employee data. Divide the data into various classes, for example, significantly valuable, mildly valuable, and not valuable. 

What kind of threats is your valuable data exposed to?

Conduct an in-depth analysis of the various kinds of data threats. Some of the threats include;

  • Human error. Data can get lost when someone accidentally deletes it.
  • Online threats. The data could be exposed to different kinds of online threats such as hacks, viruses, and malware.
  • Physical threats. Faulty hardware could lead to data loss. Computer theft and natural hazards such as fire could also compromise business data.
  • Malicious actions. Employees or people with access to the business premises could intentionally access, delete, or sell your business data.

How can you secure this data?

Below are a few ways you can secure business data. 

  • Safe storage. Ensure that business computers and servers are in a secure location. Effect measures to minimise natural hazards and theft.
  • Ensure that business computers have the latest anti-virus software to prevent malware and viruses.
  • The business system and computers should have passwords. As such, data is accessible to authorised personnel only.
  • Ensure that you have a backup for vital business data. In such a way, you can retrieve the data if it is deleted or lost through theft or natural occurrences.

When implementing a business data security system, consider the kind of data you have, how valuable the data is, what threats the data is exposed to, and how you can secure such data.