Cybersecurity is currently one of the top issues many businesses face today. This is because many of them adopted digital technologies without adequately securing their systems. Some of the reasons for being vulnerable are using unsecured networks, unsafe browsing practices, and weak authentication solutions.
Hackers exploit weak systems to access company websites and devices to steal different kinds of information. One fairly recent hack is towards AMD where an extortion group reportedly hacked 450 GB worth of data all because the company used a weak password. Had AMD decided to go for passwordless authentication instead of using “password” as their authentication method, then they would not have had any problems.
Building a strong cybersecurity strategy is necessary for both big and small businesses to protect their data, including sensitive customer bank details. Using FIDO2-certified eKYC authentication solutions is essential to protect customer data and ensure that only the actual users can gain access to their data.
Businesses can mitigate the risk of getting hacked by hiring white hat hackers to spot vulnerabilities in their systems before black hat hackers can exploit them. White hat hackers are hackers who hack to look for weaknesses, while black hat hackers hack for criminal activities and sell the stolen data.
It is also possible to improve cybersecurity without relying on any hacker. This can be done by using FIDO2-certified authentication solutions to ensure that only actual users can access sensitive data. Replacing dated KBA or knowledge-based authentication solutions with biometric authentication is essential to improve a company’s cybersecurity strategy dramatically.
Of course, businesses can adopt other strategies in place of biometric authentication if they are still not convinced or simply do not have the budget for it. One vital thing to remember is to adopt a robust security-focused work culture to minimize human error and prevent accidental data leaks from happening or for hackers to gain access to devices through viruses and malware.
Businesses can also use anti-virus and anti-malware software and decryption to improve their cybersecurity situation and prevent a hack. Business owners and their in-house IT staff can learn more through this article by LoginID.
