Ways to protect your data and build a secure online business.
5 Ways to Protect Your Data and Build a Secure Online Business
Online business security
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.

Let us know what you think about this article at support@marketcentral.in

Don't forget to share this post

Facebook Twitter LinkedIn Instagram
News letter

Join 50,000+ entrepreneurs who already have a head start.

Get free online marketing tips and resources delivered directly to your inbox.

Start your online business today. For free.

Sign up for MarketCentral free to access all of the tools and services you need to start, run, and grow your business.

Try MarketCentral for free, no credit card required.

Popular Articles
MSMEs in northeast region

MSME-and-the-Northeast-Part-One-Assam-and-Nagaland

Credit cards for MSMEs

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

business funds

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

technological growth

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

Promote online business

8-essential-to-promote-online-business

MSME schemes and loans

Budget-2023-MSME-loans

MSME and customer experience

What-is-immersive-customer-experience

MSME online advertising

Online-advertising-for-MSMEs

MSME business trends and forecast

Key-trends-msme-coming-year

MSMEs are job creators

SMBs are top job creators in India

Digital payments for MSME

Here's How UPI Can Help Your Business Grow

MSMEs that grew big

5 Small Indian Businesses That Grew Big

Business safety

5 Ways to Make Your Business Safe from Future Shocks

festival business tips

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

MSME digital transformation

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

MSME GST scheme

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

MSME schemes and credit cards

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

Independent business

How MSMEs Can Grow And Achieve Greater Independence

MSME logistics challenges

Transport and Logistics Challenges Faced By MSMEs

Digitizing supply chain

The Importance of Digitizing Supply Chains for MSMEs

Sustainable business growth

How MSMEs Can Grow Sustainably With Three 'R's

Sustainable business growth

The Importance of Sustainable Growth for Businesses

MSME customer retention strategies

4 Customer Retention Strategies for MSMEs

MSME customer retention strategies

Customer Retention

MSME day

MSME Day 2022

Target market

What is Your Target Market? - Part Two

Target market

What is Your Target Market? - Part One

MSME Data security

9 Ways to Make Your Business Data Safe and Secure Onlines

MSME business automation

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

Increase website traffic

8 Effective Ways to Drive Traffic to Your Website

business growth strategies

5 Ways to Keep Your Online Business Growing

SEO services

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

Festival discounts

6 Tips for Marketing Your Business During Festivals.

Branding benefits for MSMEs

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

branding for MSMEs

What is branding and why do small businesses require it?

Women entreprenuers

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

Women entreprenuers

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

Digital transformation of MSME

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

Social commerce benefits

What is Social Commerce and How Can it Help MSMEs?

ISO certification

How to implement ISO 9001 for Your Small Business?

ISO certification

Why is an ISO Certification Important for Your Business?

Financial operations for MSME

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

Secure business

Keeping Your Business Safe Online: The MarketCentral Way

MSME digital marketing

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

Technology upgradation

The MSME Tech Upgradation Scheme: What Does it Mean?

Online business security

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

Customer experience benefits

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

Online business trends

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

Ecommerce business trends

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

Social media outage

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

Growth of ecommerce market

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

Udyam portal for MSMEs

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

MSME schemes and funds

3 Recent Schemes and Funds for MSMEs and What They Mean

MSME entreprenuers

Entrepreneurship and Competition in the Time of Covid-19

Udaan monopolizing distributions

Amul, Parle Among Businesses That Has Cut Supplies to Udaan

Learnings of MSMEs post covid

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

Amazon's Physical stores

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