Ways to protect your data and build a secure online business.
5 Ways to Protect Your Data and Build a Secure Online Business
view-point-marketcentral
What’s the News:

As micro, small and medium enterprises (MSMEs) digitize more, they also become vulnerable to cyber-attacks and security concerns. We hear stories of cyberattacks every day. But how can MSMEs protect themselves from such challenges?.

Let’s look at some trends for B2Bs to improve customer experience:
  1. Be aware of common cybercrimes and cyber-risks: Learn about known forms of cyberattacks and pass the information on to your employees. Some of the more common cyberattacks are:
    1. KYC frauds: Attackers may pretend to call you or send an SMS from your bank, asking you to provide bank details to ‘update KYC’. Do not click on any such links, and do not share confidential data such as OTP, CVV, ATM PIN, bank account number or debit card numbers with anyone.
    2. OTP frauds: Attackers may call or SMS you asking for an OTP to ‘renew your bank card’ or to ‘claim your gift’ or similar excuses. Be aware that banks will never ask for an OTP from you. Be careful about sharing your mobile phone number, email address, or credit/debit card information with anyone.
    3. Phishing: This kind of cyberattack sends you an SMS or Whatsapp link. Clicking on this link might cause your device to become hacked or filled with malware.
  2. Identify and protect all the information that’s important to your business: This will include financial data, customer information, your employees’ bank account information, your business’s security passwords, your Tally or transaction management files etc. You can protect your data by only working with trusted online business software which promise data security and encryption. For example, at MarketCentral we provide SSL certificates and require multi-factor authentication to protect the information of our customers.
  3. Use multi-factor authentication: Multi-factor authentication prompts you to verify your identity in multiple ways before you can log in to a website, an app, or an account. You can verify your identity using a password plus some other identification such as date of birth, fingerprint, email link, Face ID, etc. Setting up multi-factor authentication on apps such as Gmail, Yahoo, Whatsapp etc. can help you protect the data on them. MarketCentral uses Google Authenticator to protect our customers and make sure we only have actual, authentic logins.
  4. Be careful of e-Wallets: While e-Wallets and Whatsapp payments have made digitization faster for a lot of MSMEs, frauds have also used them to steal money and data from businesses. Make sure you download only trusted e-wallets recognized by the Government. Don’t save your e-Wallet passwords or account information on your mobile phone.
  5. Be alert, updated, and proactive The Internet has made a lot of information and convenience easily available to us. Being alert and not clicking on suspicious links, saying no to giving out your information, and protecting assets such as your mobile phone can go a long way in keeping your business secure. If you receive any strange calls, you can report it at Toll Free number 1963, or 1800110420.
Act now:

At MarketCentral, we believe that a little awareness goes a long way. As a digital commerce platform, we make sure to protect our customers’ information, ensuring that your online business experience is nothing but easy, efficient, and delivers results. You can read more about MarketCentral’s data security measures in our Help page.

MarketCentral will bring you interesting business stories and Small Business news every week through ViewPoint. Let us know what you think about this article at support@marketcentral.in. For more, you can follow our social media handles below:

Instagram: marketcentral

Facebook: marketcentral

LinkedIN: marketcentral

Popular Articles
view-point-marketcentral

Indias-first-online-credit-card-for-MSMEs

view-point-marketcentral

7-Innovative-Ways-to-Fund-Small-Business-Growth

view-point-marketcentral

5-Ideas-to-Grow-Your-Business-Using-Technology

view-point-marketcentral

8-essential-to-promote-online-business

view-point-marketcentral

Budget-2023-MSME-loans

view-point-marketcentral

What-is-immersive-customer-experience

view-point-marketcentral

Online-advertising-for-MSMEs

view-point-marketcentral

Key-trends-msme-coming-year

view-point-marketcentral

SMBs are top job creators in India

view-point-marketcentral

Here's How UPI Can Help Your Business Grow

view-point-marketcentral

5 Small Indian Businesses That Grew Big

view-point-marketcentral

5 Ways to Make Your Business Safe from Future Shocks

view-point-marketcentral

Diwali business: Tips for small and medium businesses during the Indian festive season!

view-point-marketcentral

Get Online, Grow Big: Digital-First Small Businesses Are Prepared for The Future

view-point-marketcentral

The New GST Scheme: How Will It Impact Your Online Business?

view-point-marketcentral

In the News: MSME Credit Card, post-Covid revival, and new schemes for small businesses

view-point-marketcentral

How MSMEs Can Grow And Achieve Greater Independence

view-point-marketcentral

Transport and Logistics Challenges Faced By MSMEs

view-point-marketcentral

The Importance of Digitizing Supply Chains for MSMEs

view-point-marketcentral

How MSMEs Can Grow Sustainably With Three 'R's

view-point-marketcentral

The Importance of Sustainable Growth for Businesses

view-point-marketcentral

4 Customer Retention Strategies for MSMEs

view-point-marketcentral

Customer Retention

view-point-marketcentral

MSME Day 2022

view-point-marketcentral

What is Your Target Market? - Part Two

view-point-marketcentral

What is Your Target Market? - Part One

view-point-marketcentral

9 Ways to Make Your Business Data Safe and Secure Onlines

view-point-marketcentral

Why Automating Your Business Operations Can Make Your Business Smarter and More Efficient

view-point-marketcentral

8 Effective Ways to Drive Traffic to Your Website

view-point-marketcentral

5 Ways to Keep Your Online Business Growing

view-point-marketcentral

What is SEO or Search Engine Optimization, and How Can It Help Your Business?

view-point-marketcentral

6 Tips for Marketing Your Business During Festivals.

view-point-marketcentral

Branding for Small Business - What is It, and How to Do It.

view-point-marketcentral

What is branding and why do small businesses require it?

view-point-marketcentral

Women Entrepreneurship and Women-led MSMEs: Schemes and Benefits PART Two

view-point-marketcentral

Women Entrepreneurship and Women-led MSMEs: Schemes and Benefits PART ONE

view-point-marketcentral

Go Digital, Go Secure: What Does This Mean for MSMEs?

view-point-marketcentral

What is Social Commerce and How Can it Help MSMEs?

view-point-marketcentral

How to implement ISO 9001 for Your Small Business?

view-point-marketcentral

Why is an ISO Certification Important for Your Business?

view-point-marketcentral

Updating Your Financial Operations Can Save Your Business Lakhs of Rupees!

view-point-marketcentral

Keeping Your Business Safe Online: The MarketCentral Way

view-point-marketcentral

Best-Time-for-MSMEs-to-start-digital-marketing

view-point-marketcentral

The MSME Tech Upgradation Scheme: What Does it Mean?

view-point-marketcentral

5 Ways to Protect Your Data and Build a Secure Online Business

view-point-marketcentral

Customer Experience: 3 Ways for B2B Businesses to Stand Out from the Crowd

view-point-marketcentral

Diwali 2021: 3 Trends in Online Business, E-commerce Inflation, and More

view-point-marketcentral

4 Steps To Guide Your Business-to-Business (B2B) Enterprise Towards eCommerce Success

view-point-marketcentral

What The Facebook, WhatsApp Outage Can Teach Small and Medium Indian Businesses

view-point-marketcentral

E-Commerce Market in India to reach $350 Billion by 2030: What Will This Mean for SMBs?

view-point-marketcentral

50 Lakh MSMEs Have Registered on Udayam portal. Enroll your business today.

view-point-marketcentral

3 Recent Schemes and Funds for MSMEs and What They Mean

view-point-marketcentral

E-Commerce Market in India to reach $350 Billion by 2030: What Will This Mean for SMBs?

view-point-marketcentral

Amul, Parle Among Businesses That Has Cut Supplies to Udaan

view-point-marketcentral

Covid-19 Second Wave: What Can Small and Medium Businesses (SMBs) Learn From It?

view-point-marketcentral

Amazon is Opening Physical Stores. What Does it Mean for Small Businesses?