9 Data Security Steps to Take When Starting a Home Business

Members of Young Entrepreneur Council offer steps to take if you want to keep your home-based business safe from cyberattacks.

Published on Mar. 01, 2022
9 Data Security Steps to Take When Starting a Home Business
Brand Studio Logo
Headshots of contributing YEC members
Top row, from left: Chris Christoff, Jared Atchison, Salvador Ordorica, Matthew Capala, Stephanie Wells. Bottom row, from left: John Brackett, Shu Saito, Liam Leonard, Blair Williams.

When you’re launching a new business, cybersecurity and data protection likely aren’t top of mind for you. But doing business comes with a lot of sensitive information that you don’t want getting in the wrong hands, and the nature of being online means safeguarding that data should be approached from several angles — especially if you run your business from home.

Whether you’re a solopreneur operating from your home office or a remote-first startup, there are a few steps you need to consider to ensure your business’s safety online. Below, a panel of Young Entrepreneur Council experts weigh in on those steps and how they can help prevent cybercrime.

9 Data Security Steps to Take When Starting a Home Business

  1. Turning on multi-factor authentication.
  2. Using a virtual private network.
  3. Running your business devices on a separate network.
  4. Using tools and software from larger businesses.
  5. Implementing prevention training.
  6. Making backups of sensitive data.
  7. Using a password management tool.
  8. Seeking expert knowledge.
  9. Layering protection on your IoT devices.

More From YEC8 Industries Poised to Benefit From Augmented and Virtual Reality

 

1. Turning on Multi-Factor Authentication

You’ll need to consider adding multi-factor authentication (MFA) to all of your personal devices. The thing to remember about being an at-home entrepreneur is that your personal and professional data are usually on the same network. Adding MFA ensures that your private and company data are safe and secure, regardless of who tries to access your information. — Chris Christoff, MonsterInsights

 

2. Using a Virtual Private Network

New entrepreneurs should use VPNs — or virtual private networks — before working online. This creates a secure connection that makes it impossible for hackers to gain access to your content. VPNs will encrypt your teams web activity and hide their IP addresses so theyre safe no matter what network theyre on. — Jared Atchison, WPForms

 

3. Running Your Business Devices on a Separate Network

Your home network is often connected to a lot of devices, which are in turn interacting with a lot of different companies and services. These devices all probably interact with one another on the same network, which means a security breach on one may compromise them all. Reconsider running your business on the same network as so many other devices and users. — Salvador Ordorica, The Spanish Group LLC

 

4. Using Tools and Software From Larger Businesses

Rather than use smaller developers or custom plugins, go through large channels that have security already built in. Large businesses have a lot more at stake than your small, at-home business, so a data breach with them is far less likely. Although this method might seem more expensive at first, in the long run, the security is well worth the investment. — Matthew Capala, Alphametic

 

5. Implementing Prevention Training

When it comes to data protection and cybersecurity, you must train your team on how to best secure their software and stay alert for any potential threats. You can save yourself a lot of headaches by implementing prevention measures to ensure that hacks and attacks dont seriously harm your business or its data. — Stephanie Wells, Formidable Forms

 

6. Making Backups of Sensitive Data

One cybersecurity factor worth considering is whether or not you have backups of all your sensitive data. Despite your best efforts, a hacker may still make it through your defenses and compromise your data. I recommend making physical and digital copies of all of your important data so you can make a quick recovery in the event of an attack. — John Brackett, Smash Balloon LLC

 

7. Using a Password Management Tool

Use a password-sharing app so you aren’t revealing any actual passwords to others. Also, have multiple layers of user permission settings so you are only giving access to what each role needs. Remember that data protection and cybersecurity can be as nuanced and structured as your company need them to be. — Shu Saito, Fact Retriever

 

8. Seeking Expert Knowledge

Any level of cybersecurity you have is constantly degrading as methods of attack constantly evolve. You probably don’t have the benefit of a full IT department to keep everything up to date, so it is necessary to contract a third-party IT company to protect you from the latest cyber warfare trends. Top-of-the-line security from five years ago is likely child’s play to sophisticated attackers today. — Liam Leonard, DML Capital

 

9. Layering Protection on Your IoT Devices

If youre using IoT (Internet of Things) devices and home assistants, then make sure to add more layers of protection. Massive data breaches have taken place because of something as little as a fish tank monitor being connected to the companys overall network. Use passwords on everything and avoid connecting your main business account to multiple nonessential devices. — Blair Williams, MemberPress

Hiring Now
Headway
Consumer Web • Healthtech • Professional Services • Social Impact • Software
SHARE