As banks embrace big data, IT services providers in West Palm Beach need to be prepared to serve these expanding business needs. The more any company adopts the Internet of Things (IoT), the more they will need to step up security. Here are ways that IT professionals can help banks and other businesses adopt more secure policies:
Monitoring Your Network
Enterprise networks now consist of a wide range of devices from sensors to IP-connected cameras. With the help of IT services providers in West Palm Beach, you can monitor all the devices on your network around the clock. Alerts are sent to security officials if the 24/7 monitoring software detects strange activity.
Many bankers are concerned about the risks involving mobile devices, but using mobile device management (MDM) software allows your IT team to monitor all mobile devices on your network. They can also wipe any mobile device remotely, which is why employees must be aware and agree to conditions using their own smartphones. Ultimately, you can divide a user's mobile device into personal and business sections.
Why IoT Poses Risks
The main reason that IoT poses security risks is that it is interactive technology. But there are plenty of modern methods to ensure that IoT activity can be conducted safely. Financial institutions are targets of cybercriminals because they house volumes of financial data on consumers. The key is to apply multiple layers of security, making it too difficult for the cybercriminal to pursue.
Encryption is another layer of security that can be applied to several devices. The reason encryption is a strong, reliable solution that protects sensitive data is that it involves complex code. It meets the strict compliance requirements of HIPAA and other government regulations designed to protect confidential information. Modern firewalls add a further layer of protection. Educating employees on how to avoid suspicious emails can be a great help since many attacks are due to employee error.
As IoT proliferates and demand rises for big data, financial institutions and other businesses that store confidential data will have to increase layers of security. Your IT team should be prepared to deal with frequently changing devices that access your network or any emergency that might affect business continuity. An effective proactive security measure is to perform penetration testing on a regular basis.
Conclusion
Financial institutions need to pay particularly close attention to security to protect the privacy of their customers. Working with experienced IT services providers in West Palm Beach is the key to solidifying your security. Contact us at Nexxen Technologies, Inc. to learn more about how we can protect your data so that you can concentrate on your business.