Basic Cybersecurity for Financial Service Providers: Passwords
Cybersecurity is something that affects businesses of all sizes. These are some basic steps you can take to ensure that your business does not fall victim to cyber threats. In 2019, there was an increase of 17% for Data Breaches according to James E. Lee, COO of the Identity Theft Resource Center.
While most people assume this only happens to major corporations, thieves are going after large and small businesses. An easy way to prevent that is to implement a strong password policy across your organization.
Here are some basic guidelines:
Having a good password policy in place for your business is beneficial in helping you prevent loss of important customer data and the possible fines that come along with it.