5 Ways to Make Your Small Business More Secure in 2021

5 Ways to Make Your Small Business More Secure in 2021

  • January 7, 2021
  • Written by : Elizabeth Beall

Safety and security have always been hot topics in the financial industry. Whether consumer data and tracking, or working with a financial advisor or lender, people expect reliability and confidentiality.

One of our biggest goals here at REIL Capital is to protect the privacy of our customers. That’s why we’ve created this list of 5 ways to make your small business more secure as we head into 2021 together:

1. Create a cybersecurity plan and strategy.

Forming a strategy for your company’s safety is crucial in today’s world. While hacking becomes more prominent, computer data security has become stronger and smarter. Set up cloud security, a system to keep information, cloud-based infrastructure, applications, and data secure. Increase the number of and strengthen the power of your firewalls and virtual power networks to effectively implement a defense tactic against hackers. Lastly, do not ignore the importance of data backups; whether an attack or an internal mistake, you should guarantee that no data will be lost or destroyed.

2. Stay safe on the outside of your business’ walls.

Keep your small business secure from the inside to the outside. It is wise to consider installing an alarm system, if you do not already have one; if you do, consider updating the system or opting for a stronger, more secure option. Also, ensure all doors have the ability to be locked, especially those guarding confidential or pertinent information.

3. Conduct regular audits.

As a business owner, it is crucial to continuously track your business’ performance. How is your company performing? How has the business improved since the last audit? Do you see any red flags? Is there a way to make things more secure? For a more security-related audit, consider conducting an internal security audit, in which you evaluate threats, current security performance, potential risks, and impactful solutions.


4. Keep your employees in the know.

Let them know about safety precautions you are taking, but do not feel the need to explain in detail, as most security measures should be handled in confidence. Describe what is expected of them such as upholding security implementations and goals, and by abiding by rules like not bringing your laptop home from work. In essence, hire good people that you can trust.

5. Work with those you trust.

Working with whom you trust can make all the difference: more trust, less stress, leaving owners to focus on true company needs.

Many businesses, especially during 2020 and the beginning of 2021, need help when it comes to staying financially stable, while also taking risks, overcoming challenges, keeping up with payroll, and trying to grow.

If you need financial support or guidance, we understand it can be intimidating for small business owners to take the leap and seek funding. We’re here to tell you that in working with us, you will be treated as family and your business’ security, needs, and operations will be protected. Take the leap and join us!

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