Tips to Improve the Security of Your Small Business

Oct 09, 2017

Running a business is associated with a myriad of important things, including security issues. As a small business owner, you should be on the hook for not only sales, marketing, accounting, merchandising, etc. but also for both physical and online security of your small business.

Here are steps to take to improve the security of your business:

  1. Physical Security
  • Install Wireless Security Cameras

Wireless cameras can be placed not only in places where you need them but also in spots you can’t see from the front counter.

  • Install an Alarm System

The alarm will alert both you and the authorities to the situation. Many criminals won’t even try to break in if they know there is an alarm in your shop. Even if they break in, they’ll get scared.

  • Use a Smartphone App to Open and Close the Doors

Consider opening and closing your office doors through a smartphone app.

  • Brighten up Dark Spots

You shouldn’t have any dark spots both inside and outside so that criminals don’t have a place to hide. Don’t forget about bright lights at entrance ways.

  • Use a System for Closing the Shop

Keep a log of employees who’re responsible for locking up at the end of the day. Only limited number of employees should have access to keys. Have them sign off when locking the doors. If you use an alarm system, give any employee with access a unique password.

  • Lockup Laptops When Leaving

Don’t forget to lock up your business computers at the end of every business day.

  • Use Reinforced Steel Doors

Avoid getting doors with glass on the sides as it can easily be broken.

  • Build an Emergency Disaster Plan

Create a disaster plan based on the potential threats and emergencies relevant to your location. Talk with your employees about what they should do. Discuss different disaster scenarios.

  • What About Keys?

Always number and code all your keys so that you can easily keep track of them. In case a key is lost, replace each and every lock. Get keys from employees that are leaving.

  • Educate Your Employees About Potential Scams

Your employees should follow the policies and procedures you have. Train them constantly. Employees should know about social hacking methods to avoid giving up sensitive information.

  1. Online Security
  • Work with a Secure Payment Processor

If you need to open a merchant account, turn to a reliable payment processor like emerchantbroker.com for credit card processing. EMB is voted the #1 high risk processor in the US and boasts an A+ rating with the BBB. With EMB, you can enjoy the highest level of security for online payment processing.

  • Use Strong Passwords and Change Them Often

Don’t forget about using multilevel authentication that includes more than just a username and password.

  • Update Your Firewall

Make sure firewalls are up to date and working well on your company computers so to avoid malicious viruses.

  • Use Cloud for Your Data

Keep sensitive financial information and other data such as human resource files stored in the cloud.

  • Check Privacy Policies

Make sure the security and privacy policies of companies you deal with are good.

  • Avoid Strange Email Attachments

Don’t open strange emails since they are very often with viruses in them.

  • Protect Your Partners

Protect your key suppliers/partners by securing your own perimeter. Make sure there is appropriate authorization/authentication in place, use a firewall and have antivirus software on every device.

  • Secure Your WiFi Network

WiFi is a favorite method for hackers to access sensitive data. Ensure that your WiFi network uses the top encryption possible, as well as a long password for authentication. Stop broadcasting the network name or the Service Set Identifier (SSID).

  • Encrypt Sensitive Data

If you work with any type of sensitive data, you should safeguard them by encrypting the data where feasible. Implement full disk encryption (for Windows PCs), switch your business website to secure HTTPS, and more.

  • Delete Ex-Employee User Accounts

Remove ex-employee accounts including usernames and passwords.

  • Use Anti-Theft Software

Use anti-theft software on each device. It’ll wipe out any data on the hard drive if your device is stolen. Such tools also exist for smartphones.

Protecting your small business is crucial to your success. Combine physical and cybersecurity efforts to provide the top security for your small business.

 

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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