Cybersecurity: why worry about your company's data?

Why is cybersecurity so important for business?

As organisations accelerate digital transformation and the use of technology increases, so does the risk of cyber-attacks and unauthorised exploitations of systems and technology. Company leaders and technology professionals need to consider how to protect their business from security risks and protect their customer data. Read on to discover a quick guide on recognising risk, what cybersecurity is and how to implement it. The GDPR (General Data Protection Regulation) and DPA (Data Protection Act) are legal requirements that organisations must comply with to protect personal data. There are significant fines for companies that face a breach of security, including the potential of significant brand damage. So cybersecurity is a critical business issue for small, medium and large businesses.

What is cybersecurity? 

Cybersecurity refers to the protection of company data, networks, technology and devices against cyber-attacks and cybersecurity threats like leaks, theft, unauthorised use or damage. Cybersecurity is how individuals and organisations reduce the risks of a cyber-attack, protect data and personal information, and protect the devices we use.

Government back initiatives like the UK Cyber Essentials scheme help organisations to protect themselves against common threats. The UK Government requires all suppliers that bid for contracts that include the handling of sensitive data to be certified against the Cyber Essentials scheme. 

The best cybersecurity practices

Good cybersecurity practices can protect your organisation against data breaches, damage and financial loss. Here are some ‘best practice’ cybersecurity tips to consider to protect your organisation.

  • Implement a cybersecurity policy and infrastructure

Make cybersecurity a priority for your leaders and assess the risks your systems are open to. Create a security policy that defines the rules that employees and partners must follow to keep the organisation safe. Train staff so that they understand acceptable and secure use of systems. You should also implement a technology protection infrastructure which could include malware prevention, network security and monitoring. It is worth seeking the support of those who are experts in the subject.

  • Use data encryption solutions

A data encryption system can protect sensitive data. During encryption data is translated into another form, or code so that only those with access to a password or secret key can read it. This practice prevents unauthorised agents from intercepting the data. These solutions help to control precisely who has access to view the company's digital documents.

  • Manage user authority and privilege

Ensure that you have an audit trail and record of access and privilege and manage access to activity audit logs.

  • Use an Electronic signature 

Removing the need to print documents prevents the loss of information and electronic signature solutions often use strong data encryption technologies and meet stringent UK, EU and global security standards. Discover more about electronic signature safety.

  • Monitor and respond to potential cyber-attacks. 

Establish a process for monitoring systems and networks and identify potential cyber-attacks.

Choose the right partners to maximise cybersecurity

Increasingly, companies of all sizes are relying on specialised cybersecurity partners who can provide efficient solutions with in-built cybersecurity support. The DocuSign Agreement Cloud enables organisations to automate the entire contract lifecycle. The security of the technology protects contracts, your organisation and your partners, customers and employees from unnecessary risks. Adopting DocuSign eSignature is a good place to start as the technology meets the strictest security standards. 

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