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Manage An Online Business? 3 Reasons Why You Need To Strengthen Cyber Security

Cyber threats are becoming increasingly sophisticated. For online businesses, this makes cyber security a critical priority.

If you manage an online business, whether this is an online shop or internet-based service then you operate in a dangerous arena. The evolving threat landscape reveals how cyber criminals are becoming increasingly ambitious to cause chaos and get their hands on sensitive data.

At this festive time of the year, every online shop will be put to the test. The high demand tests not just your efficiency and customer service capabilities but also the strength of your online security.

As we move closer to the end of the year, a proactive cyber security strategy is essential. Experts are predicting a difficult year for security in 2017, therefore planning ahead is crucial to secure your business.

Here are 3 key reasons why your online business needs to strength cyber security:

Maintain customer trust

People are becoming increasingly cautious about where they shop online. Large-scale data breaches often make headlines and this puts doubt in the buyer’s mind. Multiple reports have revealed that customers lose trust in a brand following a cyber security breach. To keep your customers loyal, it’s crucial to prioritise cyber security across your organisation and proactively evolve your approach.

Data protection regulations

All businesses need to prepare and adapt processes in light of the impending general data protection regulations. If your business operates online, it’s highly vulnerable to a damaging attack. When the new data protection regulation come into effect a breach could come with a huge cost implication. Consider how you store, manage and record sensitive data.

Online payment fraud

Hackers are targeting e-commerce sites looking to steal credit card information. With this type of activity on the rise, it’s important to implement measures to protect your customers. Look at setting up verification systems and confirm that your site is PCI compliant. Your website needs particular attention to not only prevent fraud but also manage suspicious activity which could impact your business.

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