Why Is Cybersecurity Important for your Business?

In this modern world with data breaches being so commonplace, it is essential that there is an effective cybersecurity system in place for your business. 

With all kinds of modern workforce management software, such as modern, cloud-based payroll software, fraud and hack attempts are at an all-time high. As security measures grow, so does the technology to crack them.

Here is why cybersecurity is important for your business.

What Is Cybersecurity and Why Is it Important?

Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks, otherwise known as cyber-attacks. Cyber-attacks aim to access, change, or destroy sensitive, personal, or private information. Businesses are often the target of cyber-attacks as hackers can access data from a variety of individuals, your employees. 

These attacks typically target payroll information and are just one of the many types of payroll fraud to be aware of.

What Is a Cybersecurity System?

A cybersecurity system performs several important functions to protect corporations and their employees from cyber attacks that compromise their personal information.

A cybersecurity system will identify where the vulnerabilities are that hackers could use to infiltrate the system.

Assessing your Cybersecurity

Assessing your cybersecurity, or what is otherwise referred to as a risk assessment, evaluates the company security system by reviewing both internal and external threats.

It can confirm that your system is compliant with the current standard requirements, and confirm whether or not your system is able to handle any and all identified threats.

Analyzing the system's framework is essential to provide accurate information and discover whether human error or equipment malfunction is causing your system to be at risk.

Why Is Cybersecurity Training Important?

Educating your personnel is essential to prevent human error from causing a data breach.

Employees can unintentionally click on a link or download an attachment that has a virus attached to it.

Cybersecurity Risks from Mobile Devices

Even bringing a phone to work can be risky, since data leakage from mobile phones and tablets is common. . The problem is that trying to control how mobile phones are used at work is a daunting task. More people are texting, connecting to WiFi, and downloading apps at work with no security protocol.

These vulnerabilities can be exploited by hackers to invade the system and capture private data during a breach. One of the biggest problems with mobile devices is malware installed unknowingly by the employee. If malware invades the corporate network it could be a serious problem. Additionally, one of the biggest cybersecurity risks to a business is a stolen employee device

Preventing Cyberattacks at Work

Employees should have updated anti-virus and firewall protection on their mobile devices which makes them less vulnerable to cyber attacks.

Employers can conduct workshops to discuss these concerns with employees, so they understand that leaving your cell phone at home protects the interest of the organization.

Another security challenge is how to manage the storage of corporate information on employee cell phones. Certain types of data will be accessible to everyone in the organization, so this data must be secured. 

These are important considerations for an employer to seriously consider and guidelines should be provided with employee hiring materials.

Make Sure Payroll and HR Data Are Secure

In order to keep your employee data secure, the first step is choosing a payroll and HR software solution you can trust. 

Our platform is backed by world-class security and infrastructure so that you can feel confident that your data is kept safe an in the cloud. 

Contact us today to learn more.