May 2nd, 2023
As a rent-to-own (RTO) business owner or stakeholder, you know that running this kind of business has its own unique challenges. You already have to deal with all the physical risks of theft, natural disasters, and other potential hazards, but on top of that, there’s a threat that’s becoming increasingly prevalent and dangerous in the industry—cyberattacks.
Cybercriminals are constantly coming up with new ways to steal sensitive information and disrupt your business operations. That’s why RTO decision-makers need to start prioritizing cybersecurity.
In this blog, we’ll cover nine easy things you can do to start protecting your business.
Before we dig into the nitty-gritty and “how-tos,” we must address the elephant in the room—cyberattacks and human error.
It’s easy to become complacent and think there’s no way you’d fall victim to a cyberattack. The only people that fall for cyberattacks are uninformed—you’re obviously too smart to fall for a goofy scam, right? Think again.
According to Verizon, 82% of all cyberattacks can be traced to human error.
We all make mistakes. In some cases, it’s falling for a sophisticated phishing scam. In others, it’s ignoring a software update and allowing a zero-day threat into your system simply because you didn’t have the time to restart your computer and install the security patch.
With cyberthreats on the rise and human error factoring into the majority of cyberattacks, it’s important to educate yourself and your employees on cybersecurity best practices, such as recognizing cyberthreats and reporting suspicious activity.
Did you know that 91% of all cyberattacks start in the email inbox? Implementing an email security solution and ATP can help protect against email-based cyberattacks. Here are five places you should look in your email inbox for red flags.
It’s like having a security camera for your network but with human eyes behind the scenes. Many RTO businesses are already strapped for time—a cybersecurity firm can help monitor your devices around the clock for potential cyberthreats.
With EDR, you can detect and respond to threats on individual devices, whether they’re connected to your network or not. Click here to learn more about EDR.
Monitor your network devices, for example, routers and switches, to detect and respond to potential threats. This approach is similar to having an advanced alarm system in place, which can quickly notify you of any physical security incidents and allow for a prompt intervention.
As we already mentioned, human error accounts for most cyberattacks. SAT gives your employees regular interactive training to help them recognize and avoid cyberthreats. Click here to learn more about SAT.
Use SIEM to collect and analyze event data so you can more effectively respond to cyberthreats. Think of SIEM like the CIA for your RTO business—it provides logs for all your behind-the-scenes security-related data and activities.
Use MFA wherever possible to require additional verification for access to sensitive information. MFA provides an extra layer of protection to your digital assets and helps ensure that only authorized users can access sensitive data.
Many companies treat cybersecurity as a reactionary process. Instead, develop a comprehensive cybersecurity policy outlining best practices for your organization, and ensure that all employees know and follow it. This approach serves as a rulebook for your cybersecurity team, ensuring that everyone is on the same page regarding safeguarding your organization’s digital assets.
Protecting your RTO business from cyberthreats is not only important, it’s essential. Cybercriminals are becoming more and more sophisticated in their tricks, and the consequences of an attack on your business can be devasting for both your financial bottom line and reputation.
No solution is 100 percent effective, but by following these tips, you can help your business take the critical, necessary steps to help prevent cyberattacks.
Remember that cybersecurity isn’t a one-time fix; it’s an ongoing process. Stay vigilant, provide employees with ongoing education, and ensure cybersecurity is your organization’s priority. If you’re interested in learning more about we can help secure your RTO business, don’t hesitate to contact us. Simply reach out to your dedicated Sales Executive, or contact High Touch Technologies for more information.