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5 Cyber Security Tips for Remote Working

Workspaces are continually evolving, and more and more people are working from home. A recent survey reveals that 84% of businesses will likely increase remote work after COVID-19, despite spiked security concerns associated with working from home.

But how can you ensure that your business stays safe? Here are five tips to help you strengthen your remote working security and keep your data safe.

Train your employees

Being able to identify and avoid potential threats is a vital part of preventing cyber attacks. Considering that human error is the cause of most security breaches, it would be an excellent idea for you as a business owner to invest in employee training.

Some of the cybersecurity tips you can teach your staff includes:

  • Typing URLs into the search bar instead of clicking on links
  • Spotting suspicious emails and attachments and avoiding them
  • Setting strong passwords for their accounts
  • Using a different password for each of their accounts

You can also hold regular training sessions with a cybersecurity specialist. This will go a long way towards making your employees more tech-savvy and able to steer clear of security risks.

Use secure devices

One of the major security issues with  your employees working remotely is the security of the devices they use to access your company’s database.

If your employees are using their own computer and mobile devices to work from home, you should ensure that the devices are secure. Have your staff update their firewall and antivirus software to improve their devices’ security and minimize the likelihood of a cyber attack.

Better still, you can provide your employees with secure devices, especially if they handle sensitive data.

Have a disaster recovery plan

One of the most critical steps to take before you have your team working remotely is to create a disaster recovery plan.

Having a remote workforce doesn’t mean that your business cannot be affected by ransomware attacks and network outages. Luckily, there are steps you can take to avoid a lengthy downtime. Here are a few:

  • Back up your data as often as possible. If your business suffers a ransomware attack or network outage, you will have to restore your devices to the most recent backup. If you don’t do regular back-ups, you might end up losing vital business data.
  • Ensure that all your IT and the executive staff know the proper steps to take if a network breach happens. This will help minimize downtime by ensuring that everyone is on the same page.

Use the principle of least privilege

The principle of least privilege states that an employee should only have access to company resources that are critical to his ability to perform his duties effectively.

Therefore, if an employee does not need access to specific files in your company, they should not have it. It also means that you should reconsider giving admin privileges to those who do not truly need them.

Limit access to your businesses’ sensitive information and use strong passwords to prevent user accounts from being compromised. Additionally, log in all access activities and keep regularly monitoring so you can detect any unauthorized access attempts.

Use a VPN

A VPN (Virtual Private Network) is software that you and your employees can use together with public and home WI-FIs to ensure that all your internet traffic is encrypted before it goes to and from your office’s network or along a public internet signal.

Before information is allowed through your network firewall, a VPN will authenticate it to ensure that it is encrypted. VPN software also ensures that your network is still secure when employees communicate with each other, logging into programs, or sending information.

Final word

While working remotely comes with many perks, it also presents new cybersecurity challenges for most businesses. The tips we have discussed in this post will keep you and your employees better prepared to avoid cyber attacks. Remember to also implement physical security measures such as not using public Wi-Fi and never leaving their devices open after use.

How Electronic Identity Verification Helps Fight Financial Crime

 

Electronic identity verification is a process that helps businesses ensure that their clients provide them with information about a real person. In other words, it is the remote verification of a person’s identity through digital means. The process happens in two main steps:

  1. Documentary verification
  2. Non-documentary verification

Documentary verification

Verification systems use electronic means to check the photos on a client’s documents to determine whether the documents are authentic.  Examples of such documents are a driver’s license, passport, or another state identification document. They also check the details on the identification documents, such as name and date of birth, to ensure they are valid.

Verification software then compares the photo on the customer’s ID with a real-time photo.

Non-documentary verification

Businesses can check customer data against a number of databases.  These include those of government agencies, watch lists, adverse media, credit bureaus, and utilities. This helps get as much information as possible. It enables screening for negative information about the client, to avoid potential risk. The whole process can take just a few minutes.

 

How electronic identity verification helps fight financial crime

Electronic identity verification is an integral part of conducting due diligence in organizations such as brokerage firms, banks, insurance companies, and financial advisers.

Firms can detect potential financial fraud by identifying prospective customers suspected or convicted of financial crimes, and those on government watchlists and sanctions. They can also use electronic identity verification to keep their client lists updated.

Companies use electronic identity verification to prevent illegal activities like scams, harassment, and money laundering.

Additionally, these methods help businesses comply with Anti-money laundering laws (AML), Combating the Financing of Terrorism (CFT), and Know Your Customer laws (KYC). All these laws are meant to prevent criminals from committing crimes such as money laundering and financing terrorism.

Electronic identity verification methods also help prevent identity theft and financial identity theft. They do this by ensuring that the potential customers’ documents  are authentic, unaltered government-issued IDs.

Final word

Although there is a cost associated with electronic identity verification, it’s not as expensive as the long term consequences of working with people who are not who they say they are. Electronic identity verification is therefore indispensable for modern businesses. It can be a vital instrument to help you prevent fraud. It does this by identifying prospective customers who have been convicted of financial crime, are subject to government sanctions, are on international watch lists, and those who are politically exposed.