Launching a business isn’t easy. You have to think of ways to engage your customers and keep them coming back. You also have to attract new ones as well. But, one thing you shouldn’t forget is cybersecurity. You’re relying on computers and data systems to store important customer and company information. One data breach can steal them all from you.
Jeff Moss, the founder of Black Hat and Def Con, and advisor to the U.S. Department of Homeland Security Advisory Council, says cybersecurity threats aren’t just an IT concern; they are a problem the whole company must address. In an interview with Entrepreneur, Moss shares some ways small business owners can protect their companies from cybersecurity threats. The gist: keep your bank accounts secret, lock your credit, and don’t save too much information.
Keep More Than One Bank Account
Small business owners can’t maintain just one bank account for all their finances. Moss says that if you’re paying employees from an account that has all your funds, it will be easy to swipe out your money if any of them gets a hand on your account number. He recommends setting up multiple accounts for different aspects of the business and not disclosing your information to just anyone.
He also advises small business owners to freeze their credit instead of putting their funds in a credit-monitoring service. He points out that locking it only costs around $10. Unlocking it will cost roughly the same amount.
Moss stresses that nobody else can use your name to open a credit. Instead of paying more for credit monitoring, Moss urges small business owners to protect their resources themselves. “It’s like $10 or $15 bucks a month for credit monitoring, as opposed to paying maybe $30, $40 bucks and protecting yourself from it ever happening in the first place.”
“Don’t Collect It, If You Can’t Protect It”
Moss suggests that small business owners ask themselves if they really need customer information before they collect it. He believes that it’s pointless to hold on to large amounts of data, only to have it stolen. If the owner is unable to protect the information, he may as well stop collecting it.
He also recommends the use of removable hard drives and USB sticks to keep the information from being tampered with. Moss claims he keeps his removable devices in a safety deposit box, and likes how he can be sure the information is available when he needs it.