Horizon Bank offers Businesses Cybersecurity Tips

by Horizon Bank on July 18, 2014

Cybersecurity has become increasingly important to business owners of all sizes, with more reliance on technology.  According to the 2013 Small Business Technology Survey, nearly one-third of all cyber attacks targeted businesses with fewer than 250 employees, the largest growth area for targeted cyber attacks in 2012.

Horizon Bank wants to help protect area businesses from cyber-attacks by offering helpful tips.  “It is extremely important for businesses to take necessary measures to protect themselves from being exposed to fraudulent account takeover.  There are a lot of methods that criminals use to exploit data and try to gain access to your business network,” explained Chandra Ostrander, Vice President of Deposit Operations & Security for Horizon Bank.

Here are ten key cybersecurity tips to protect your business:

1. Train employees in security principles. Establish basic security practices and policies for employees, such as requiring strong passwords and establish appropriate Internet use guidelines that detail penalties for violating company cybersecurity policies. Establish rules of behavior describing how to handle and protect customer information and other vital data.

2. Protect information, computers, and networks from cyber-attacks. Keep clean machines: having the latest security software, web browser, and operating system are the best defenses against viruses, malware, and other online threats. Set antivirus software to run a scan after each update. Install other key software updates as soon as they are available.

3. Provide firewall security for your Internet connection. A firewall is a set of related programs that prevent outsiders from accessing data on a private network. Make sure the operating system’s firewall is enabled or install free firewall software available online. If employees work from home, ensure that their home system(s) are protected by a firewall.

4. Create a mobile device action plan. Mobile devices can create significant security and management challenges, especially if they hold confidential information or can access the corporate network. Require users to password protect their devices, encrypt their data, and install security apps to prevent criminals from stealing information while the phone is on public networks. Be sure to set reporting procedures for lost or stolen equipment.

5. Make backup copies of important business data and information. Regularly backup the data on all computers.  Critical data includes word processing documents, electronic spreadsheets, databases, financial files, human resources files, and accounts receivable/payable files. Backup data automatically if possible, or at least weekly and store the copies either offsite or in the cloud.

6. Control physical access to your computers and create user accounts for each employee. Prevent access or use of business computers by unauthorized individuals. Laptops can be particularly easy targets for theft or can be lost, so lock them up when unattended. Make sure a separate user account is created for each employee and require strong passwords.  Administrative privileges should only be given to trusted IT staff and key personnel.

7. Secure your Wi-Fi networks. If you have a Wi-Fi network for your workplace, make sure it is secure, encrypted, and hidden. To hide your Wi-Fi network, set up your wireless access point or router so it does not broadcast the network name, known as the Service Set Identifier (SSID). Password protect access to the router.

8. Employ best practices on payment cards. Work with banks or processors to ensure the most trusted and validated tools and anti-fraud services are being used. You may also have additional security obligations pursuant to agreements with your bank or processor. Isolate payment systems from other, less secure programs and don’t use the same computer to process payments and surf the Internet.

9. Limit employee access to data and information, and limit authority to install software. Do not provide any one employee with access to all data systems. Employees should only be given access to the specific data systems that they need for their jobs, and should not be able to install any software without permission.

10. Passwords and authentication. Require employees to use unique passwords and change passwords every three months. Consider implementing multifactor authentication that requires additional information beyond a password to gain entry. Check with your vendors that handle sensitive data, especially financial institutions, to see if they offer multifactor authentication for your account.

Customers with specific questions or concerns are welcome to contact a Horizon Advisor at 888-873-2640.

Horizon Bancorp is a locally owned, independent, commercial bank holding company serving Northern and Central Indiana and Southern Michigan through its commercial banking subsidiary Horizon Bank, NA.  Horizon also offers mortgage-banking services throughout the Midwest. Horizon Bancorp may be reached online at www.horizonbank.com.  Its common stock is traded on the NASDAQ Global Market under the symbol HBNC.

 

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Contact:  Holly M. Schoof
Marketing Manager
Phone:  (219) 874-9243
Fax:  (219) 874-9379

Information courtesy of the Department of Homeland Security – U.S. Cert

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