How NetSuite Can Help Your Business Stay Secure in the Face of Growing Cyberthreats

Cyberattacks are on the rise, and businesses of all sizes are at risk. In fact, a recent study by the Ponemon Institute found that the average cost of a data breach is now $4.24 million.

If you're concerned about the cybersecurity of your business, you're not alone. But there are steps you can take to protect your data and systems from cyberattacks.

One of the best ways to improve your cybersecurity posture is to invest in a cloud-based ERP solution like NetSuite. NetSuite offers a number of features that can help you protect your data, including:

• Multi-factor authentication:?NetSuite requires users to enter a code from their phone in addition to their password when logging in. This helps to prevent unauthorized users from gaining access to accounts.
• Data encryption:?NetSuite encrypts all data at rest and in transit. This helps to protect data from being intercepted by unauthorized individuals.
• Vulnerability scanning:?NetSuite regularly scans its systems for vulnerabilities. This helps to identify and fix security holes before they can be exploited by attackers.
• Security incident response:?NetSuite has a comprehensive security incident response plan in place. This plan outlines how the company will respond to a security incident.

In addition to these features, NetSuite also offers a number of other security features, such as:

• Role-based access control:?NetSuite allows businesses to define permissions for each user based on their role in the organization. This helps to prevent unauthorized users from accessing sensitive data.
• Audit logging:?NetSuite logs all user activity. This information can be used to track down unauthorized users and investigate security incidents.
• Security awareness training:?NetSuite offers security awareness training to help employees learn about cybersecurity threats and how to protect themselves.

By using NetSuite, businesses can help to create a more secure environment for their data and systems. This helps to protect businesses from the ever-increasing threat of cyberattacks.

If you are concerned about the cybersecurity of your business, I encourage you to contact NetSuite to learn more about how their platform can help you protect your data.

Here are some additional tips for improving your cybersecurity posture:

• Keep your software up to date. Software updates often include security patches that can help to protect your systems from known vulnerabilities.
• Use strong passwords and change them regularly. Passwords should be at least 12 characters long and include a mix of upper and lowercase letters, numbers, and symbols.
• Be careful about what information you share online. Don't share personal information, such as your Social Security number or credit card number, on social media or other public websites.
• Be aware of phishing scams. Phishing scams are emails or text messages that appear to be from a legitimate source but are actually designed to steal your personal information. Never click on links or open attachments in emails or text messages from senders you don't know.

By following these tips, you can help to protect your business from cyberattacks.