Online Business: Top 5 Tips To Protect Your Assets

In today’s digital world, the majority of businesses are now based solely online. As a result, you must learn how to protect your assets against internal and external threats. To keep your digital assets secure, we have compiled a list of top tips to ensure your business is protected now and in the future.

1. Management Tools

One of the best ways to get started when securing your online business assets is by using management tools. These tools typically list your assets and secure them in a single location to make managing them much more straightforward for yourself and employees with access. No matter which software you choose, you should ensure that they have guidelines to protect your business assets and identity. As well as protecting your assets, management tools often include features such as project management and analytics that streamline your daily tasks.

2. Online Business Insurance

As the number of online threats for business increases, you must ensure your business is protected by insurance. Depending on the policy you choose for your company, cyber insurance typically covers claims submitted by third parties and protects against any costs incurred due to lost or stolen data. When looking for the right insurance to protect your assets, check out The Hartford for their range of online business insurance. 

3. Secure Internet Connection

When dealing with the possibility of business threats, it’s crucial to make sure your company’s internet connection is secure. Whether you use a wired connection or Wi-Fi, you should ensure that the security features are updated regularly and that your router is stored in a secure location where only authorized personnel can have access to it. In addition, when setting up your internet connection, your IT department or an external consultant should be able to encrypt the data that is transferred via your internet to ensure that it has an extra layer of protection, as this reduces the likelihood of an information breach.

4. Educate Employees

Many jobs in today’s digital world are fully remote. As a result, you must provide your staff with training to educate them on your companies online safety procedures. In addition, creating documentation and guidelines on safe digital practices will help you and your employees prevent data breaches and cyberattacks. 

5. Restrict Access

When many companies first start out, their employees have access to all of the business data. However, allowing all staff to access every part of the company leaves room for data breaches or a loss of essential documents due to human error. Access to your assets should be given only to those who require it to perform their duties properly. You can also set up view-only documents if you want staff to have the information but are worried about accidents if everyone has access to edit the records. This will reduce the risk of human error causing a loss of data, and with employees only having access to what they need, you are less likely to become a victim of phishing emails.