Businesses must prioritize the security of sensitive customer information, especially regarding payment processing, to maintain trust and safeguard their reputation. With 32% of small business owners citing cyber incidents as a major concern, approaches like SSL/TLS encryption, tokenization, and advanced authentication methods are vital. These techniques help protect data during transmission and storage and can prevent unauthorized access, ultimately enhancing security measures against cybercriminal activities. Companies should also prepare proactive response strategies to address the potential fallout from cyber threats effectively.
Adding two-factor authentication (2FA) and biometric authentication can prevent cybercriminals from guessing logins and passwords or grabbing them off the dark web.
While no method is 100% safe, anything businesses can do to slow down hackers is a step in the right direction.
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