Michael Saltzstein on Data Protection and Cybersecurity Strategies

According to risk management expert Michael Saltzstein, cybersecurity concerns affect businesses, employees, and customers. This is why enterprises of all sizes need to prioritize data protection, especially in this age of cybercrime and data mining. Here are three strategies that will protect confidential information stored online.

Set up a firewall.

A firewall is one of the most effective protections against a cyber-attack. It acts as a barrier between cybercriminals and sensitive data. Many businesses are implementing internal firewalls in addition to an external firewall to ensure security. It's also critical that remote workers set up a firewall on their personal network. Businesses can provide the same firewall software and support for the company and home networks to ensure compliance.

Set up multifactor authentication.

Even a secure password could fall into the wrong hands. Cybercriminals can deceive users into giving up their login information by using techniques like phishing. Instead, require the user to respond to an alert via a sophisticated MFA application. This will prove that they are attempting to log in to the account. According to Michael Saltzstein, this is an added layer of protection that will protect personal, business, and customer data.

Have a data protection policy in place.

The first step towards protecting a company's data is having a thorough awareness of cybersecurity best practices. Next, it's important to identify the types of data your business uses or gathers. You can create specific rules and principles that formalize the business's data privacy protection policy. Finally, let interested parties know once the business's position on data privacy has been defined. These include professionals, staff members, and clients.

Prioritizing data protection and cybersecurity should be done by businesses no matter their size. Employees and management should also do their best to secure the information collected and gathered. Do this even when software, authentication, and other technologies are in place.

Michael Saltzstein is a visionary leader of global risk services, financial structures, multi-line claims, strategic planning, and enterprise initiatives. He effectively delivers multimillion-dollar expense reductions and bottom-line improvement, maximizing coverage, and minimizing cost. Visit this page for more on business and finance.