Saturday, December 4, 2021

Keeping Yourself Safe While Running A High-Risk Business

 It is not easy to run a business. You've got a million things on your mind, and on top of that, you need to be continuously aware of how safe your company is against thieves and fraudsters. When you're running a high-risk company that relies on keeping your clients' data safe, the pressure is on. With cyber criminals' ability to get into systems becoming quicker and more prevalent, it's no surprise that so many industries are being targeted. So, how do you protect yourself? Check out these ideas for protecting yourself while running a high-risk business. 

Teach your employees how to use computers securely.

Nowadays, computers are quite simple to use, and it's natural to think you've got it all figured out. However, no matter how safe you believe you are, especially while your computer is connected to the internet, you should never take anything for granted. It is essential to teach your team (and yourself) how to safely use computers. This involves ensuring that they do not accept any unexpected sites on their screens, that they do not remain signed in, and that you have a good antivirus operating on all devices. To further reduce the risk, you may want to limit the websites that your employees can access on their work laptops. This informative article explains why corporate security is more important than ever before, and it is well worth your time to read it.

Protect your reserve fund

If you are a high-risk merchant, your bank will almost certainly need you to have a minimum reserve fund in order to protect itself. Unless they have a bad credit score, low risk merchants are usually not required to set aside a reserve fund. The processor will determine the amount of the rolling reserve based on a variety of parameters. The following are some of the reasons why your company may be classified as a high-risk merchant account: Accepting foreign currency sales, having a bad or nonexistent credit history, and having a poor credit card processing history are all indicators of a high chargeback ratio. Hiring a high risk processing attorney helps eliminate these risks.

Avoid storing sensitive data on-site.

We understand that you may choose to preserve some of your most sensitive information on paper rather than on a computer. While your data may be protected from hackers, it's still a good idea to ensure that you're not keeping any sensitive information on your own premises. You may want to consider storing it in a vault at another location so that you know you're doing everything you can to protect yourself.

Install CCTV and alarms

Every business is vulnerable to theft, and as we all know, the majority of robberies occur when businesses are closed. That is why it is a good idea to install security cameras and alarms, which will notify you and the authorities if anything is detected. Not only that, but having cameras and alarms in place during business hours provides additional peace of mind.

Perform CRB checks

Finally, while we'd all like to believe our employees will be loyal to the company, you never know who to trust nowadays. CRB checks should be carried out prior to hiring new employees to guarantee that your confidential information is not compromised. You never know when an inside job is going to take place!