Do You Have IT Services For Financial Firms In Toronto That Support Your Firm’s Security?

By now your firm is already gearing up for a very busy January, which means you’ve got a lot on your mind. None of which has anything to with your technology, and least of all your cybersecurity.

The thing is, that’s not a conversation you can afford to put off. Especially not until the new year. Have you spoken to your IT services for financial firms in Toronto about it?

Keeping your clients’ personal and financial data secure needs to be a top priority for your firm every day of the year, and that means doing everything you can to stay ahead of the latest cyber threats.

This is especially important during tax season – it’s open season for cybercriminals trying to hack into accounting firms and steal their clients’ financial info.

Are you sure your firm is prepared?

6 Cybersecurity Technologies Your IT Services For Financial Firms In Toronto Should Deliver

  1. Anti-virus Software
    Antivirus software is used in conjunction with a firewall to provide defense against malware, adware, and spyware. Each of these cybercriminal tactics has the potential to do immense damage to internal processes and a company’s reputation. The job of antivirus software is to spot, block, and isolate intrusive, malicious applications so they can’t do damage to your data and legitimate software.
  2. Firewalls
    Your firewall is your first line of defense for keeping your information safe.A firewall is a particular type of solution that maintains the security of your network. It blocks unauthorized users from gaining access to your data. Firewalls are deployed via hardware, software, or a combination of the two.
  3. Two-Factor Authentication
    Two-Factor Authentication is a great way to add an extra layer of protection to the existing system and account logins. 45% of polled businesses began using 2FA in 2018, compared to 25% the year prior.By requiring a second piece of information like a randomly-generated numerical code sent by text message, you’re better able to make sure that the person using your employee’s login credentials is actually who they say they are. Biometrics like fingerprints, voice, or even iris scans are also options, as are physical objects like keycards.
  4. Data Backup
    Do you have a data backup policy in place?If not, then you’re vulnerable, right now, to ransomware.Ransomware has quickly become one of the biggest cyber threats to businesses today – remember the Wanna Cry epidemic that infected hundreds of thousands of IT systems in more 150 countries?

    That was ransomware, and it could happen to you too. Unless that is, you get a data backup solution put in place.

    If you have you have a data backup solution, then it doesn’t matter if your data has been encrypted. You can just replace it with your backup, simple as that.

    That’s why you should make a considerable investment in a comprehensive backup data recovery solution so that you can restore your data at a moment’s notice when necessary.

    Be sure to:

    • Back up data on a regular basis (at least daily).
    • Inspect your backups to verify that they maintain their integrity.
    • Secure your backups and keep them independent from the networks and computers they are backing up.
  5. Encryption
    Encrypted data is formatted in a secret code that would be meaningless if intercepted. It is one of the most efficient ways to secure a database given that decryption can only occur through a key, which is essentially a “secret password”. In this case, there is a need for updated encryption software to ensure that private information is only accessible through the database program.Encryption technology is a great way to protect important data. By making data unreadable to anyone who isn’t supposed to have access to it, you can secure files stored on your systems, servers, and mobile devices, as well as files sent via email or through file-sharing services.
  6. Virtual Private Network
    One of the most proven techniques to make sure your data is safe is to use a virtual private network (VPN), which will give you back control over how you’re identified online. A VPN creates a secure tunnel for your data to transit the Internet, using a network of private servers.When you use a VPN, your data is encrypted, or hidden, as it moves from your device to the VPN and then continues onto the Internet through what’s called an exit node. A VPN creates the appearance that your data is coming from the VPN server, not from your device.That makes it harder for an attacker to identify you as the source of the data – no matter whether you’re on your mobile device’s data connection, or using an unsecured retail Wi-Fi network while you’re in line for coffee. Even if attackers can intercept your data, the encryption means the attackers can’t understand your data or use it to their advantage.

Have your IT services for financial firms in Toronto delivered what you require? These are some of the must-have technologies for accounting firms when it comes to cybersecurity.

It’s understandable if you don’t think you have the time or knowledge to handle this on your own. That’s why you should get your IT services for financial firms in Toronto to do it for you. They’ll take care of it, so you can know you’re secure and focus on your work.

Like this article? Check out the following blogs to learn more:

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Password Management For Law Firms (Questions/Answers)

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