Start the new financial year digitally secure
The new financial year is a great opportunity to regroup and strategise for major business success in 2023/24.
With a challenging year ahead of thanks to load shedding and the ever-present threat of cyberattacks, companies will need to be extra strategic to safeguard their physical and digital assets this year.
When it comes to cybersecurity, the huge number of high profile ransomware attacks and data leaks at well-known corporates throughout the country have given the business community a strong message:
Investing in online security is no longer a nice to have or a grudge purchase. In fact, it’s absolutely essential.
Digital security can’t be ignored or underfunded
Businesses in South Africa are expanding online at a quickening pace with managers and owners eager to take advantage of the opportunities that exist in the global marketplace.
However, being online means exposing your business to an entire world of cyberthreats – and the skyrocketing incidence of ransomware and other attacks on local businesses prove that our cybersecurity measures are far from adequate.
- Roughly 90% of businesses in South Africa are operating without proper cybersecurity measures, essentially leaving the door open for criminals from around the world to prey on them.
- This vulnerability has resulted in annual losses in excess of $500 million, and the financial blues are likely to get bigger as time goes by.
Keeping your business safe online is not impossible, but it requires investment both in time and money to ensure that your data is kept safe at all times.
Some of the best practices to follow include:
- Password security – Update passwords often and make sure they’re hard to guess.
- VPNs – A virtual private network creates an extra layer of data protection.
- A strict data privacy policy – You and your team should be highly vigilant about not sharing sensitive info online.
- Updated software – Your firewall and antivirus must be updated at all times to shield your data effectively.
- Secure backup – Encrypted secure cloud storage provides a copy of crucial data for fast restoration after a cyberattack or data breach.
If you’re doing business online without cybersecurity measures in place, there’s no time to lose.
Invest in secure cloud storage for peace of mind
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