The global average total cost of a data breach accounted forUS $3.62 million. This problem is growing all across the globe. Are you worried about data breaches and chargebacks, such as an American Express chargeback? This article will help you enjoy the best protection from such threats.
Cybersecurity Tips: American Express Chargeback
Companies have customer information that can be vulnerable to hackers if it’s not protected well. Apart from being able to well protect your customer info, you should also work only with a secure company for payment processing.
With a reputable credit card processing company, you can enjoy the best protection from fraud and chargebacks, such as an American Express chargeback. The important thing is to look for a reliable and experienced processor that can provide you with the right merchant services tailored to your own specific business wants and needs. Only a respectable processor can provide the highest level of chargeback and fraud prevention for your business.
So, what steps can business owners take to protect their valuable digital assets?You just need to establish and follow the best practices for cybersecurity.
- 1. Strong Password Protection
Make sure your company can’t easily be hacked. The same strict rules for password security must be applied both for the CEO and the newest entry-level hire. Strong passwords with uppercase and lowercase letters, numbers, and special characters are a must.
2.2 Factor Authentication
It’s also critical to implement 2-factor authentication.
- Limit the Access to Certain Types of Information
It’s important to limit the access to sensitive information. For this, you may be required to use additional passwords that can restrict access to certain files or use encryption tools.
- Employee Trainingon How to Keep Information Secure
Provide training for your employees on email safety. They should avoid clicking unknown links or downloading strange attachments. Limit the physical access to devices.Tell them not to use unsecured public networks.
- Keep the Absolute Minimum Amount of Customer Data
Make sure there’s no sensitive data stored. Use special software to completely get rid of sensitive data.
- Monitor Personal Devices
Protect your business if your employees put your network at risk while using their personal devices.
- Virtual Private Networks
VPNs (virtual private networks) can be used to secure your company’s information. Virtual private networks make all traffic encrypted. In case someone intercepts your information, they’ll get fully encrypted data.
- Plan for Attack
Work with an experienced IT consultant or in-house IT staff to build a good plan for a data breach. Data breaches are rather widespread these days, so you must be well prepared for the worst-case scenario. Back up all the important info so to never lose it.
You may consider the IT security of your business a daunting task.In fact, with the right steps. You can prevent hackers from breaking into your company. This is especially true of smaller companies since hackers usually target this type of companies because they can’t afford the highest level of protection. The good news for small business owners is that proper computer security isn’t beyond reach and you can take the right measures to protect your company from online fraud.
Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker that offers exceptional chargeback protection, including an American Express chargeback protection. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.