Secure your business online: Understand cloud security, train employees, encrypt local data, and clarify provider responsibilities to prevent data breaches.

Best Practices for Protecting My Business Online
As the world continues to move toward a paperless existence, cybersecurity has become a primary concern for businesses entrusting their data to the Internet cloud. The issue extends far beyond the risk of data loss, as companies must also protect themselves against financial, operational, and reputational loss. It is vital for businesses to recognize the threats a cybersecurity breach poses for their organizations and the security protections needed to keep their online business data safe.
Is Cloud Technology to Blame for Data Breaches?
Although cloud computing has become mainstream, the waters of cloud security are still unchartered. That hasn’t stopped companies from moving their confidential data online, even in the face of several high-profile data breaches that have taken place. Major companies, such as JP Morgan Chase, Home Depot, and Target Stores, have experienced massive breaches compromising millions of customers’ sensitive information. However, a closer examination of those cases reveals the violations didn’t occur in the cloud. Instead, they occurred through the companies’ on-premises systems guarded by their in-house IT departments.
While cloud technology wasn’t inherently to blame in these data security breaches, businesses need a better understanding of how their information interacts with the cloud and take more proactive measures to protect it. The root cause of most major data breaches is human error, and it is no different with a cloud breach. The two most significant cloud security risks for businesses are employee control of data and procedural failures, both of which occur in the local environment.
Employee Control of Data
Data stored in dedicated cloud systems are encrypted on multiple levels, which makes it secure from intruders. However, data used at the local level is not. When an employee transfers confidential data to cloud platforms such as Dropbox or Google Drive, the data remains unencrypted and can be easily exposed to unauthorized access. Confidential data is also at risk when employees access it using public Wi-Fi. Businesses must establish clear policies on how employees use data and where it can be stored while not in use.
Businesses that need to maintain control over sensitive data, such as financial records, should consider using appropriate software as a service (SaaS) option. The better cloud-based accounting software solutions allow you to access your data and perform all functions while fully encrypted in the cloud.
Procedural Failure
Businesses that utilize cloud-based service providers for data storage can expect their data to be protected at all levels through encryption technology. The problem is, per their agreements with the providers, businesses are still responsible for much of their security, just as they were when it resided on their servers. If a cloud security failure occurs, it is most likely to happen as a result of a procedural failure on the part of the business. When setting up a contract with a service provider, companies need to know what security services are included. For services not included, businesses should consider the best security software available.
Recent articles:

The Benefits of Mobile Banking and Remote Deposit Capture - Embrace mobile banking now! Streamline operations, access funds, and manage finances conveniently—maximize your business potential.

Should You Have a Blog on Your Website? - Embrace blogging to engage, boost visibility, and drive traffic. It’s a vital tool for business success in today’s digital landscape.

Using ACH to Improve Cash Flow - Discover how ACH streamlines finances: cost savings, faster transactions, improved cash flow, and security. Maximize benefits with bank collaboration.

10 Ideas to Help You Recruit New Talent - In today’s highly competitive arena, effective recruitment must be an ongoing process requiring adaptability and continuous improvement. Here are 10 ideas to help you recruit new talent.

How AI Could Improve Your Business - Small businesses are beginning to integrate AI technology into their operations. Can AI impact your businesses performance making it worthwhile? Here’s how small businesses are benefiting from AI technology.

Using a Small Business Loan to Expand Your Services - Using a small business loan to expand services can bring growth opportunities. It can also involve financial risk. Here are the steps to consider.
Previous Articles:
- Local, State, and Federal Resources for Your Business
- Security Essentials for Keeping Business Data Safe
- Leveraging Your Bank’s Cash Management Services to Improve Your Business
- When is the Best Time to Obtain a Business Loan?
- How Much Insurance Do I Need for My Business?
- Incorporating the Latest Merchant Services Technology for Your Business
- A Checklist for Getting Your Small Business Tax Compliant
- How Third-Party Data Can Help Target Marketing
- Is Your Small Business Taking on too Much Debt? Steps to Take to Pay it Down More Quickly
- Leveraging Digital, Direct Mail, and Social Media to Drive Business Customer Acquisition
- Businesses Should Plan Ahead for Year-End Tax Strategies
- Cash Flow Management Tips for Small Businesses
- Recruiting Top-Tier Talent in a Tight Job Market
- Sales or Marketing – Banks Need Both to Grow Revenues
- The Biggest Security Threat to Your Business
- How to Prevent Employee Fraud in Your Business
- There's Still Time to Claim the Employee Retention Credit. What is it, and How to Qualify
- Preparing Your Business to Borrow
- Insurance Essentials for Managing the Many Small Business Risks
- Employers are finding that remote work can be an effective way to increase productivity and lower cost
- Is Your Business Prepared for Generation Z?
- Don't Let Your Business be the Next Ransomware Victim
- Taking Advantage of Bank Cash Management Technology
- How to Take Your Digital Marketing to the Next Level
- How Annual Assessments Can Prevent Fraud in Your Business
- How to Position Your Bank as a Trusted Advisor for Small Businesses - And Why it Matters
- Getting to Yes with a Solid Loan Proposal