The holidays are nearly upon us and like many business owners you are probably planning what you will do while you take some time off over Christmas and New Year. You may already have firmed up your plans and have holidays booked up the coast or even in some exotic international location.
How terrible to come back from your holiday or even worse have to cut your holiday short – because your online security has been breached. You may even have had customer payment details stolen from your database. That would certainly not be the Christmas break you have been looking forward to.
According to Roy Morgan research in 2013 more than 50% of Australians shop online. This equates to approximately $9 billion dollars a year spent online in Australia. Add to this, shopping using a smart phone increased by 101% from 2012 to 2013. Australians are increasingly happy to spend money online.
As online purchases increase so does the ever present threat of online fraud for both businesses and consumers. There is plenty of information and advice out there for consumers but not so much for businesses.
Trent Brown, CEO of Ezypay, an international payment provider, shares his top 6 tips for businesses to protect themselves from online fraud over Christmas.
- Passwords – set strong and long passwords on your business accounts. Don’t use your company name and don’t give the same password to everyone if you are creating logins to your system. Many people don’t change their passwords which mean you have a large gaping hole in your security.
- Users – give different users different logins and different permission levels in the systems that offer these security protection features. This way you will be able to limit access to sensitive areas to more trusted users, and you will also be able to see who is doing what in different areas of the system.
- Credit card and bank account details – keep them safe and never send them in an email. If you are going to share your credit card details do it in a secure way like through a secure online form that has been built specifically for the purpose.
- Emails – if an email or a file you receive via email looks strange don’t open it. It is so much better to be safe than sorry. If the message is super important and genuine you will get the message so don’t worry about deleting the email.
- Anti-virus protection – keep your anti-virus software up to date. There is nothing worse than snoozing the software update only to have your computer infected by a virus.
- Back-up your data – backing up your computer files is something you should be doing at least once a week in case your system goes down. If you need to use your back-up then you can.
Payment security is very important and more so over Christmas when online transactions increase. Don’t just protect yourself as a consumer; make sure your business is adequately protected too. It’s too important so don’t let an online hacker steal your Christmas.
If you would like more information how online security at Ezypay works to protect customer data have a read of the security and privacy page.