Safeguarding against online identity theft crucial for SMEs

Scores of small businesses are seen to fall prey to malicious viruses and become victims of online identity theft every year, thereby incurring huge loss in business. It is crucial for small businesses to take protection against Internet security breaches and cyber threats as well as maintain the confidentiality of data and information pertaining to its priced customers and business clients. For this, small business owners need to adopt a number of safeguards and put in place adequate bundled network security products to ensure that corporate information is not leaked to the outside world.

Identify security threats and secure systems

Online identity theft offers cyber criminals easy access to corporate data and sensitive information records, thereby leaving small businesses vulnerable and completely exposed in the hands of anti-social elements. To curb these cyber threats, it is important for small enterprises to first identify these threat methods deployed by criminals to gain access to company's details such as bank account numbers and credit card statements.

"Either by hacking or through phishing attacks as well as by bribing employees for passwords and other confidential details, online criminals can secure access to crucial information of a company. Identifying online theft is the first step towards securing a company's network and prevent loss of crucial data and software piracy," said Sandeep Shah, manager at Creative Infotech, a small-sized IT firm in Ahmedabad.

Having firewalls and strengthening IT infrastructure will enable small businesses to stop third parties from gaining access to confidential information.

"Installing spyware and antivirus software packages will certainly help small businesses to protect their systems from cyber attacks," said Neelanjan Pathak, proprietor of Neelhard Corporation, a small-sized IT firm in Kolkata.

Spending on IT security as well as paying for installing a range of online security systems will help companies to keep themselves protected against identity theft.

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