Cybersecurity Best Practices
The threat of a cyberattack looms in financial services organizations of all types and sizes. If your company isn’t taking steps to safeguard your networks and data, you face a higher risk of a potentially devastating security breach. Agio has an IT best practices checklist to help you protect your business.
Employee Data Protection Strategy
The following cybersecurity best practices for hedge funds and other financial entities should be part of your company strategy.
Avoid Pop-Ups, Unknown Emails, and Links
Prevent becoming the victim of phishing scams by not clicking on anything that appears suspicious.
Use Strong Passwords
Utilize complex passwords consisting of a combination of upper and low-case letters, numbers, and symbols and change them frequently.
Take Advantage of Multifactor Authentication (MFA)
Require your employees to present two or more pieces of evidence for authentication when logging on.
Utilize Biometric Security
Using voice or facial recognition, palm biometrics, or fingerprint scans can significantly bolster your cybersecurity measures.
Connect to Secure WiFi
Choose a hidden, secure, and encrypted office Wi-Fi network. If you have remote workers, consider using a virtual private network.
Set Up a Firewall
An external firewall serves as an effective barrier between cybercriminals and your company’s data.
Install Anti-Malware Software
This software provides extra protection against phishing attacks.
Frequently Update All Software
Don’t ignore updates from your software providers, as they often contain essential security upgrades.
Invest in Security Systems
Employ Third Party Controls
Manage IoT Security
Control access to and usage of printers and other devices that exchange data over the internet.
Create Cybersecurity Policies
Document all cybersecurity protocols and share them with your employees.
Follow the Principle of Least Privilege
Only provide user accounts to those who require access to them.
Monitor Privileged Users
The most trusted employees often pose the most significant cybersecurity threat.
Use a Risk-Based Approach
Target your cybersecurity measures toward addressing the risks most likely to impact your business.
Develop a cybersecurity mindset and convey it throughout your organization.
Educate and Train
Take time to inform your employees about your company’s personal cybersecurity best practices.
Learn About Agio’s Cybersecurity Services
Do you have questions about the IT security best practices checklist? Agio has the answers. Contact us today for more information.
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