How to Keep Your Business Safe from Phishing Scams

Cyberattacks and phishing scams are on the rise, impacting millions of individuals and businesses each year, regardless of industry. If you want to protect your business at all times, you will need to learn how to prevent potential phishing scams from wreaking havoc on your operations. The more familiar you are with common cyberattack methods and phishing scams on the market at any given time, the less likely your business is to become a target of potential thieves, scammers, and hackers.

Learn About Phishing Scams

Although there has been an overall decrease in crime globally, there has been an increase in the inmate population by more than 500% in the past 40 years alone, according to The Sentencing Project. With white-collar and digital crimes on the rise, it’s essential to learn about phishing scams and how they can directly impact your ability to conduct business as usual.

Research Software Programs for Your Business Ahead of Time

Finding the right software for your company can make a major difference in how you operate. By 2028, it is estimated that the global property management software market will be worth more than $5,008.29 million, according to LinkedIn. The right program will not only help you streamline your operations, but it will allow you to do so while maintaining your peace of mind at all times. If you are thinking of starting any type of company today, it’s important to immerse yourself in the world of technologies and software programs or applications that are likely to be useful and relevant to you.

Maintain Software Updates

Anytime you invest in software, you will want to ensure it’s updated at all times. Maintaining software updates can have a significant impact on the level of security your company presents, whether you’re operating a local business or an international brand. Working with a systems administrator or your preferred web host can help facilitate necessary updates as needed.

Work With an Investment Advisor

Choosing to work with an investment advisor may also be the key to ensuring the safety of your company and investment at all times. Investment advisors are typically aware of the fiduciary responsibility they have to their clients, meaning they must tend to their client’s needs even over their own, according to Investopedia. Any reputable investment advisor will work with you to ensure you’re making the wisest decisions when it is time to choose which software, applications, or security systems you will be utilizing for your own company, depending on the type of business you are running and managing at the time.

Require Encryption for Remote Workers

When you have a company that allows workers to work remotely, you will want to enforce encryption policies, especially if they are working from their own devices. Providing devices with your security system, programs, and applications is also advisable if you are hiring a remote worker in any capacity, especially if you are working in an industry that includes high-risk information and sensitive data. Including an encryption policy and system in place will protect you from potential hacking and phishing attacks while simultaneously providing insight into the attacker’s location and potential motive.

Create Advanced Password Policies

When you are running a company today, it’s important to implement advanced password policies in the workplace. This is especially important when you intend to hire additional employees or if you plan to allow those who work for you to do so from home. Advanced password policies will protect your company while minimizing the chance of you becoming a target of a cyberattack or phishing scam.

Understanding the basics of phishing scams is imperative for anyone today, especially if you’re an investor, or you’re an entrepreneur working on your own. As phishing scams change, it’s important to remain flexible and updated with the latest technologies and trends. The more familiar you are with standard phishing scams and methods, the easier it will be for you to implement suitable methods to combat potential attempts.