Business

How to Protect Digital Assets for Business Security

28 February 2023

Today, most businesses run online, and digital assets have become more critical than ever. Whether you’re conducting online advertising campaigns or managing your business website, you need to ensure that your data and systems are secure and running smoothly.

Typically, a company’s sensitive files and processes are stored in a cloud drive. These components carry sensitive data and play a crucial role in making your business function, making it crucial to prevent them from falling into the wrong hands.

Various threats, including external hackers and internal factors, can pose a risk to your business. In such cases, you need to have robust cyber security measures in place to ensure that your business is ready for these challenges.

In this blog, we’ll explain the steps you can take to protect your digital assets. These steps might require you to make some initial investments, but they’ll ensure that you can then run your business smoothly and with peace of mind.

Let’s get started.

Step 1: Conduct a Risk Assessment

The first step towards protecting your digital assets is to know what you want to protect and identify any risks. We recommend creating a list of assets and sensitive information that you want to prioritise securing.

Some digital assets we strongly recommend protecting are:

  • Business processes, like spreadsheets and documents
  • Client/customer information 
  • Social media information and posts
  • Website information and posts
  • Images and infographics that your company has created
  • Trademarks and patents

After you’ve conducted research on which assets you want to protect, you should conduct an extensive risk assessment. This will help to identify the areas where your business is vulnerable.

You can take the help of IT experts to make risk assessments easier and more effective. With their expertise, you can get the best advice on what security measures your company should prioritise.

Step 2: Develop a Comprehensive Security Plan

Once you’ve identified the risks with a proper assessment, the next step is to create an effective security plan. This includes creating policies and procedures for network security, data access, and employee training.

Taking these measures safeguards your business from both internal and external threats. Implementing strict policies also ensures that only the essential colleagues get access to your digital assets.

Your security plan should include measures to prevent and respond to cyber threats. We advise seeking expert guidance to help your business deal with these threats effectively and to develop a robust incident response strategy.

Step 3: Use Strong Passwords

Passwords play a critical role in protecting your digital assets from cyber attacks. Your business should implement strong passwords for all company accounts, including email platforms, cloud storage, project management tools, and AI services, to prevent any unauthorised access.

We recommend using two-factor authentication to add more security to your account and passwords. With additional cyber security for your digital assets, such as a fingerprint or a security token, you can prevent any unauthorised access to your digital assets.

You should also encourage your employees to change their passwords frequently. You can opt to use a password manager to bring more security and ensure that your passwords aren’t easily guessable.

Step 4: Conduct Regular Backups

You should regularly back up your data to ensure that you don’t lose crucial assets due to cyber attacks and system failures. Today, you can use cloud services and other software for secure data backup in different locations.

You can add additional security measures to these backups to ensure that only authorised employees and owners can access these assets. This proactive approach highlights why data backup is important for maintaining business continuity and protecting your valuable information.

IT experts can provide you with secure backup options, ensuring your data and assets are safe from cyber threats. They collaborate closely with your team to ensure that no one gains unauthorised access to your data and digital assets.

Contact Redpalm to Protect Your Digital Assets 

Taking these steps ensures that your business is well-protected and can deal with dangers like cyber attacks and data breaches. However, every business has certain vulnerabilities, and it’s crucial to find and fix them proactively.

The best way to properly protect your company’s digital assets is to hire professionals, like the ones at Redpalm. Our team has years of experience in cyber security and is well-versed in protecting businesses from cyber threats.

We’re a managed service provider (MSP) and trusted cyber security partner that offers services like IT audits and health checks, technology procurement, vulnerability assessments, endpoint management, and more. If you partner with us, we can safeguard your business against cyber attacks and data breaches.

To learn more about us, visit our services page or contact us to book a meeting today.

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