How to protect your SME’s digital assets » SMEInsider

How to protect your SME’s digital assets

As technological innovation advances more and more rapidly, companies are beginning to turn to digital solutions to protect their digital assets. Find out how businesses have suffered from security breaches and how you can protect your SME.

The rise of the Internet of Things and ‘‘Big Data’’ analytics has meant that companies, and therefore the people who work for them, are turning over more and more information to be processed and analysed.

This in turn provides opportunities for cybercriminals to profit off this information offering. Companies and the executives who run them must therefore do as much as they can to ensure the information and digital assets of everyone involved is protected against cybercrime.

According to research from Accounting Today, half of its readers had computers infected by a virus, 42 per cent were subject to a phishing attack and one in ten actually lost a physical device containing client or firm data.

Just over 10 per cent of readers surveyed have said they were victim of tax-related identity theft and 42 per cent had clients who were subject to tax-related identity theft.

The statistics reveal that the issue of cybercrime can be highly damaging to a business or individual if certain protective measures are not taken.

Of the firms that were surveyed by Accounting Today, 76 per cent said that to protect their digital assets they kept their security technology current by updating antivirus software as recommended by the program.

Over half (55 per cent) also had written policies about how to store and retain data whilst a third blocked access to individual sites or categories of sites.

Accounting Today recommends that companies have very strong passwords for all networks and systems and train their employees on best security practices.

It also recommended that personal use on computers should be limited and that client or firm data should not be taken outside of offices.