Startup business essentially requires customer’s data for its development and sustainability, for which IT security should be considered as top most priority. There is no denying to the fact that, investing in a security infrastructure is expensive for startups where investments are not that much. But at the same time, the cost of doing nothing in securing the information surpasses all other costs that you invest in creating your product’s market.

Due to less security precautions and budget, startups are at a high risk of becoming a victim of the most basic cyber security attacks. So here are some basic security tips and best practices that can help startups to protect their information without spending a huge budget for it:

Establish an Information Security Program:

An information security program is the foundation of how you maintain the security of your customers and how you run your business. It’s the high level view and a list of some general practices that you are following in order to maintain and protect the customer’s record and information. A guideline in a form of information security program is essential to stay ahead in market in keeping records safe from cyber criminals.

Password Management:

Passwords are the basic component of the organization. Startups should consider promoting usage of strong passwords from the start and make it a habit. Moreover, if possible, then use multi-factor authentication whenever possible to help protect your sensitive accounts. Lastly, use a password management tool that encrypts your passwords and allows you to share privately with your team.

Prevent Phishing:

Phishing is the most common technique used by hackers to trick employees into revealing credential and other crucial information. Phishing is when a hacker pretends to be another trusted party in order to have you submit your login credentials to them. Be smart and don’t click on any suspicious links or enter personal information into websites.

Create A Privacy Policy:

The startups should consider defining privacy policy not only to protect their business, but to also protect customer’s data. You need to absolutely identify what data you are collecting, how you are using that data, and cover other information privacy concepts here. It will help a lot in creating a privacy policy for your business.

Security Awareness:

Security awareness is the necessary part of securing the organization’s information in more efficient and effective way. As it is a small investment that pays off great, it is essential to introduce security awareness session for your employees to educate them from security aspect and build a first line of defense for your organization.

These are the most effective ways to protect startups from cyber threats in most simplest and economical way without investing a lot. So, organizations should consider these common tips and techniques to stay ahead in this growing world of cyber threats.