As 2021 nears its end, one can look back at the last two years and marvel at the multitude of changes that have taken hold of reality as we knew it. It is hard to think of one area of our lives that the pandemic has not touched. But when it comes to the corporate world, the cosmic shift that remote work has had on almost every industry is difficult to comprehend. Undisputedly, there have been many advantages that have come along with it, but there is a crucial factor that cannot be overlooked or ignored. With millions of people now adopting a “remote” approach to their jobs, hackers have been having a field day. Their scope of prey has exploded and now includes hundreds of thousands more unsuspecting individuals who have perhaps not been educated in the importance of cyber security. 

No one would dream of buying a retail business and not bothering to invest in high end security  locks and surveillance systems. When it comes to cybersecurity where your business is concerned, and in many cases your clients’ personal information or security, neglecting to invest time and money into educating yourself of the risks and taking steps to protect yourself is both irresponsible and dangerous. It is essentially equivalent to leaving the door to your retail business simply unlocked and available to the mercy of others. 

Recently there have been multiple attacks on private businesses and the effects have been frightening. Take for example a company that has a third party vendor such as an underground ventilation system provider.  A hacker breaks into the company’s system, accesses the ventilation system, turns it off and blocks all access to it. The hacker then has the power to ransom the access to the underground parking garage’s ventilation system, a dangerous predicament to put it lightly. This scenario and others like it could easily be prevented by having the proper security systems in place.

With added awareness on the necessities of increased cybersecurity, how does a company go about implementing it?

One protective strategy to consider is to hire a CISO- Chief information security officer. The main job of the CISO is to coordinate all aspects and activities related to securing the company’s information. Some responsibilities of the CISO would include making real-time assessments of potential immediate threats, keeping abreast of cyber risks, protecting the company from data loss and fraud protection, conducting investigations where necessary, and general management over anything related to the cybersecurity of the company.

As a landlord or property manager it is incumbent upon you to learn about the dangers surrounding your online community and how you can protect yourself and your tenants from security threats and breaches. There are plenty of webinars, courses and videos available on this topic currently, as it has never been more relevant.

Payquad offers a cloud based solution with built in protective firewalls, backup recovery modules and encryption. Having all your data secured in a cloud based environment means automatic updates, fewer human errors as well as the ability to set user permissions which greatly reduces the risk of stolen data. Online payments in this environment are also a lot safer than paper checks or cash which can be easily lost or stolen. 

A cloud based solution also ensures the safety of your data. A broken or stolen laptop will have no repercussions when your data is automatically backed up in real-time in a cloud server and you’ll rest easy with the knowledge that your data is secure. This setup can also potentially save your company from a myriad of problems. Some crises might include the loss of your hard-earned reputation in the event of a breach, losing the trust of tenants and clients and a resultant impact on revenue, as well as the liability for misuse of data,  legal action and associated costs.

Here at Payquad we are committed to your safety and security and  have a number of highly reliable protective measures in place. To detail some of them , we utilize Secure Socket Layer (SSL) technology with up to 256 bit encryption to ensure all data going to and from our servers is fully secure and private. We also deploy multiple firewalls to further protect user information.

PCI Compliance – All credit card and bank account information is stored in a PCI DSS compliant network. Which means our servers are audited regularly to ensure we maintain bank-grade security for your security and privacy. 

Our data centers are all SSAE 16, SOC 1 and 2 Type II Compliant. With Payquad, you can  rest assured that we have you covered when it comes to top of the line security and safety. Our team is invested and dedicated to providing top quality service for our clients, with cyber security as a top priority.

Read more about our security measures at https://payquad.com/about/#security