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Description: As a result of a security breach, a small business might lose valuable clients and their trust. The more severe a security breach, the higher risk a business has of losing even more private information pertaining to the company. Check out more The Journey content at bit.ly/GDTheJourney. ✅ Read about it on our blog ➜ bit.ly/3nCrxcGGoDaddy ⏰TIMESTAMPS⏰ 00:00 – Introduction 00:25 – Establish a privacy policy 00:50 – Avoid collecting sensitive data 01:12 – Train and educate employees 02:03 – Invest in security software 02:20 – Use multifactor authentication 02:47 – Use a secure WiFi network 03:47 – Invest in cyber liability insurance 04:08 – Wrap up The good news is that protecting data is not as expensive or intensive as one might imagine. Let’s explore best practices for privacy protection a little more in-depth. Establish a privacy policy Some businesses collect customer data, such as names, phone numbers, and email addresses. The privacy policy should be able to detail what kind of data the business is collecting, what the company plans to do with it, and security measures that will help protect this data. Train and educate employees Small businesses must take the time to train and educate employees to protect this information. This training will allow employees to better understand the important role they play in helping protect customer data and other valuable business information. Invest in security software Anti-malware software to help combat phishing attacks, network security software to scan and identify vulnerabilities prior to a data breach, antivirus software which scans for viruses and malware after each computer update, and firewall software to keep cyber-attackers from entering a private network and accessing its data. Computer security software for real-time protection against any incoming threats. This software also scans computers for existing threats and identifies, blocks, and deletes suspicious codes and software. Remember to audit your website regularly and turn on automatic updates on software programs. Implement multi-factor authentication Multi-factor authentication helps verify the identity of the person logging in and adds an extra layer of security protection by asking for additional information along with their username and password. Some examples of multi-factor authentication include receiving a call on an employee’s cell phone or texting a passcode. Multi-factor authentication helps verify the identity of the person logging in and adds an extra layer of security protection. Use a secure WiFi network Most small businesses have a Wi-Fi network in place for employees and staff members. This network should be secure, encrypted and hidden. Employees working from home or working remotely should utilize a virtual private network (VPN) to protect business data and other confidential information. Regularly backup data Turn on automatic settings to backup these files. Data stored in the cloud should also be backed up regularly, too. If you have print copies of important documents, keep them stored in a safe, separate location from the business in the event of a natural disaster or any other issue that can potentially impact the business. Invest in cyber liability insurance Entrepreneurs can reach out to these insurance companies for a quote and make a purchase based on the needs of the business to further ensure the security and privacy of the small business. Privacy is an important asset for small businesses and will continue to be important in the future. Hopefully, these guidelines on how to protect the privacy of your small business can help move your business in a more secure direction. The Journey is what everyday entrepreneurs, like you, need to follow in the pursuit of online success. Our experienced GoDaddy Guides are here to take you through all the steps, both big and small, that you encounter every day. Want to learn about more ways to grow your business? Subscribe to GoDaddy on YouTube: bit.ly/GoDaddy-Subscribe GoDaddy links: godaddy.com youtube.com/godaddy instagram.com/godaddy facebook.com/godaddy twitter.com/godaddy #security #privacy #cybersecurity #thejourney #godaddy