How a Data Breach Affects Your Business
Many businesses have transitioned to digital or online business solutions, making them more at risk of experiencing a data breach.
A data breach can destroy a business if it goes undetected. Hackers will slowly gain more information about your business and your customers. This can tarnish your brand and even cost thousands in legal fees from law enforcement.
The way you handle a data breach can ultimately make or break your business in the digital era.
The Different Types of Breaches
Many different types of data breaches can occur in your business, ranging from:
- Malware or Viruses
- Password theft
The data breach solution your business receives will be dependent on several factors. This includes the type of data breach, the size of the breach, and the past prevention strategies in place.
Taking preventative measures helps to lower your business’ risk of data breach and reduce the severity of attacks. This saves you time, money, and valuable company resources.
How Do You Know if Your Business is Experiencing a Data Breach
Data breaches can be difficult to detect, especially if you don’t focus on cyber security in your business strategy. Monitor your business for these signs of a data breach:
- Slow internet speed
- Strange login activity or patterns
- Changed passwords or usernames
- Missing assets, such as money or important business documents
Keeping an eye out for these signs is vital, as data breaches can happen anywhere and at any time. Have your employees know and understand the signs of a data breach so they can recognize any unusual activity.