What We Can Learn from the Security Hacks at Standard Bank
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Almost all businesses have to take proper security measures if they want to avoid a security breach. No one is invulnerable to mass scale security breaches that cost your company money. Three hours, around 100 people, 1 400 Japanese ATMs and 1 600 counterfeit credit cards, was all it took for fraudsters to exploit Standard Bank in Japan. The bank, which stands to lose up to R300 million, described the attack as a “sophisticated and coordinated fraud incident”. Beneath the dramatic headlines, we had many lessons that small business owners could learn from.
Practice good habits that lead to the best data security.
For example, don't let your basic security slip for even a moment. We have an instinct that tells us how firewalls and security breaches will be important for installing another layer of protection for your antivirus. However, even with the added layers of protection, you can fall victim to breaches if you do not practice good habits that lead to the best data security. You have to first instil a security-conscious mind-set at your business, and you want to remind staff to follow protocol. Keep passwords secret and do not click on suspicious links in email messages. You can also limit the network access of external contractors when they do not need full access. Praise cautiousness with your staff members. Even if it turns out to be nothing, it is better safe than sorry.
When it comes to IT, you want to take a flexible approach that keeps your company safe.