An Entrepreneur’s Guide To Data Encryption

The internet has become a massive revolution, and almost every transaction is being conducted online. It’s no question that big-scale businesses have invested so much in cybersecurity with the threat of hackers getting into systems that contain highly classified information. However, startups are not exempted from this threat by cyber-criminals.

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Private Wi-Fi

Small businesses should at least have their own private Wi-Fi connection to conduct transactions, which puts their data at high risk of being stolen by hackers. When a Wi-Fi network is protected by a password, the password used protects the websites visited from being tracked by other people. Without a password, all websites and transactions hackers have access to anything that's been typed into unencrypted web forms.

If it’s still not possible to have a private Wi-Fi network, the next best thing to have one’s devices protected by using a VPN to route the traffic through an encrypted server. Take note that using VPN isn’t a guaranteed solution, yet it does lower a business’ risk of getting hacked.

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Encrypted websites

While the website says it’s encrypted, if the network isn’t private, for hackers can still access anything that’s being logged onto the website. Cyber-criminals use fake HTTPS links to create a man-in-the-middle attack that intercepts what’s perceived to be a secure browsing option.

Beware of a keystroke logger as this can read anything that’s being typed into a computer and will be transmitted to the hacker even if the network is private and secure.

It’s best to invest in cybersecurity regardless of the size of the businesses as all transactions can be hacked if remain unprotected.

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What you need to know about VPNs

A VPN or virtual private network is an encryption service that allows you to connect to the internet via a VPN service provider’s server. This means that data traveling between your device (computer, smartphone, tablet) is protected and hidden from your ISP, passing through a VPN tunnel that only you and the VPN server can see.

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VPNs are prevalent today because they allow internet users to access data and services denied them by unfair or inconvenient arrangements and circumstances like censorship or geographical location. VPNs likewise protect users from potential hacking, especially when one is using public Wi-Fi domains or hotspots.

VPN services in the US typically cost between $5 and $10 a month, with lower pricing for longer contracts like annual packages. Keep in mind that you’d still need your ISP, to begin with, as it’s your portal to the internet.

VPN technology started in the corporate world, previously used mainly by huge companies to securely connect to and access corporate resources when workers are not in the office. Nowadays, it has come into commercial use and is offered mainly for the above-stated reasons.

VPNs can slow down your internet connection since encrypting and decrypting data demand longer processing. Also, your connection takes an extra route with a VPN. The best advice is to get a VPN provider closest to your location.

Finally, aside from certain repressive countries, and while many governments require logs of VPN-provider activities, the use of VPNs is legal.

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What cybersecurity has to offer to investors

Because the Internet has come into vast business and personal use, it is a good and, nowadays, natural investment for all types of businesses. Meanwhile, fighting against cyber fraud can be difficult as those who commit it put as much effort as those who try to fight it. Cybersecurity is a fast-growing industry commanding substantial capitalization and innovation. 

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Market Growth 

Cybersecurity is expanding rapidly as a global market. In 13 years, the market has grown from $3.5 billion in 2004, to $120 billion in 2017. A Cybersecurity Ventures report on cybercrimes specifies that spending on products to fight against cybercrime will be worth higher than $1 trillion from today until 2021, at the same time damages related to cybercrime will rise to $6 trillion by 2021, from $3 trillion in 2015.

Necessity 

It is a necessity for every business; protecting its data through archive or backup. Cyber threats progress, just like cybersecurity. They have become more sophisticated over time, every company to invest in cybersecurity as an absolute necessity. It’s predicted that in 2025, at least 4.7 billion people will be using the Internet, half of them with inconsistent use. This multiplies avenues for cybercrime. Cybersecurity will be a more crucial good than ever. 

Industries and companies 

The cybersecurity industry has grown rapidly and companies have emerged in return. The demand in this industry is clear and investors now find it an easy venue to place resources. 

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Secure Channels is a provider of innovative and effective security solutions with state-of-the-art designs that compliment its clients’ existing investments in security. Its mission is to efficiently address the ever-increasing security challenges organizations face today. For more about Secure Channels, visit this website.

Basic rules for data protection compliance

There is yet to be a comprehensive and consolidated data protection law in the United States. In the country, data protection is primarily regulated through a number of sector-specific federal laws as well as state laws. Some federal privacy-related laws apply to specific categories such as financial or health information as well as electronic communications, while others apply to activities governing personal details such as telemarketing. 

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But there are general rules that cover data protection compliance. One is consent, where one should obtain consent before acquiring, holding, or using personal data wherever possible. It is also necessary to be careful with sensitive personal data, such as those pertaining to race, political opinion, health status, religious belief, sexuality, and criminal offense. 

Create and retain personal data only whenever absolutely necessary, and securely dispose of or delete any personal data that is already out of date, irrelevant, or no longer required. Paper records containing personal data about to be discarded must be treated with confidentiality. The files must be shredded rather than disposed as waste paper. 

Security is crucial. Personal data must be kept as securely as possible, such as storing them in cabinets or in rooms that can be locked. Do not leave personal data records unattended in offices or those accessible to the public, or keep them from being displayed on computer screens visible to passersby. 

When it comes to disclosure, consent from the individual concerned must be obtained before placing information about him or her on the Internet, and before sending personal data outside of the country or for worldwide transfer. 

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Secure Channels is a provider of innovative, effective security solutions through state-of-the art platforms ensuring access and protecting client data. Learn more about its services on this page.