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What You Should Know About Keeping Your Financial Website Safe and Secure

Posted February 27, 2019 by EasyFinance.com to Financial Advice 1 0

It seems as though every time you read the news, one or more of the nation’s leading financial institutions has experienced a network breach. One of the leading concerns is that sensitive customer information can be leaked, which can have far-reaching implications. However, one breach can wipe all records from the financial institution’s hard drive and that would be about as serious as it gets. Can you imagine losing literally every bit of information you rely on day-to-day? Here is some of what you should know about keeping your financial website safe and secure.

A Look at Some of the Worst Recent Breaches

Although security technology is advancing rapidly, so too is a hacker’s ability to crack codes and find workarounds to find holes in that very same state-of-the-art security. In November of last year, Bankrate listed 13 of the biggest breaches in recent years, among which were Equifax in the summer of 2017 and JP Morgan Chase in 2014. The cost to Equifax was forecast to be at least $439 million and JP Morgan Chase’s breach affected some 26 million households at a cost of $250 million. If you are a small to medium size financial institution, you probably don’t have the wherewithal to withstand a loss of even a tenth of that amount, so it’s imperative to take steps to heighten security today. Bear in mind that hackers don’t advertise intent to breach your system so you never know when an attack will take place.

What to Do If You Even Suspect a Remote Possibility of Being Hacked

A great number of network administrators fear broaching the possibility that they’ve been hacked. Either they don’t want to come off as an alarmist or fear reprisal because it is their job to ensure network security. This is of paramount importance in any sector, but within the financial sector it can bring everyone to their knees, from the institution itself to the smallest client on their books. If you suspect that someone has breached your system, call in a team of forensic security analysts like the team at Secure Forensics. After a complete analysis of your system, they will be in a better position to explain if you have been hacked and what your options are for recovery.

Lost or Stolen Data

Being hacked is bad enough, but what can you do if that breach went beyond leaking sensitive data into the wrong hands? What if beyond stealing client data, a worm was installed that would literally wipe your system clean? This is where the Secure Data Recovery team would begin the process of recovering files deleted during the attack. It may entail taking your hard drive to one of their centers located around the country to begin the recovery/reconstruction process. While there is no guarantee that all data can be recovered, Secure Forensics has earned the reputation of being the best in the field. If there is data to be recovered, they will find it.

Once data recovery has been completed, a data recovery team will help you institute higher levels of security with safeguards to help prevent future losses. From daily backups to ongoing updates on security protocols, you need to be one step ahead of cyber criminals. And that, in a nutshell, is what you should know about keeping your financial website and server safe and secure. Stay one step ahead.

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