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Protecting Your Business: Are Online Scams on the Rise?

Cybersecurity concerns have long been on the minds of many diligent business owners, and thanks to the rise of remote working, the digital landscape is one that requires careful navigation if you aim to avoid malicious threats.

It might seem despicable, but there are those intent on exploiting the digital world of business necessitated by the coronavirus for their personal gain, leading to a rise in scams like phishing emails, DDoS attacks and data breaches.

To make sure that your company does not suffer this fate, and that your hard work is not unfairly compromised, here are some tips to hopefully help you protect your business and put your mind at ease.

Refunds Protection

Refunds are rightly a part of everyday business everywhere. Packages can get damaged, goods might be faulty, or the customer may have made a genuine mistake on their order form.

Unfortunately, there are those who seek to exploit the refund feature however, essentially committing a form of fraud and in the process, potentially damaging your inventory, reputation and finances.

Implementing reliable refunds abuse protection is a must if you feel as though this could, or if it already has happened to you.

Securing Your POS System

Your POS (point of sale) system needs to be audited and fully protected if you are aiming to keep yourself and your paying customers safe from scammers online.

End-to-end encryption is essential in this regard, as is avoiding the use of too many additional apps running on your system at any given time. This is partly because some third- party apps may not be completely secure, or even trustworthy, so taking some time to figure out their authenticity is a must.

Training your employees is also highly beneficial in protecting against online threats, as this not only helps reduce the rate of human error, but it can help them to spot a potential issue before it starts to manifest into a much larger issue.

Wi-Fi Protection

It might not be a factor that crosses your mind very often, but your Wi-Fi network itself has the potential to be the breach point for cyber-attacks, so locking it down is crucial.

Downloading a VPN (virtual private network) is a good way to disguise yourself online, among a wealth of other benefits. This can make sure your online location is hidden and that cyber criminals have a harder time detecting your activity.

Removing unused networks from your router’s network list can also reduce the risk of attack, as can regularly changing your password.

As with most digital endeavors, regular updates should always be installed, as this helps to protect your systems and ensure they run as smoothly as possible.

Protecting Your Digital Assets

Losing data is a very real, very costly probability that companies need to contend with on a regular basis.

Data loss can be extremely difficult to recover from, so making sure all of your digital assets are kept safe and secure is a must.

Cloud computing services are a good way to centralize your storage into one accessible place, but keeping physical external hard drives to backup your data on is generally another extra measure worth considering.

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