Best Practices To Prevent StartUp Scam | StartUp City

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Best Practices To Prevent StartUp Scam StartUp
City
Scam is one of the most common ways that startups
lose money. But they can take steps to avoid
being the victim of fraud and scams. Scammers
adapt their means almost as rapidly as cyber-
security firms create new products and services.
It is almost impossible to guard against every
type of scam. However, various measures to take
to help safeguard the startup scams,
cybercriminals, and identity thieves. Here are
some techniques enterprises can incorporate into
their startup practices. Performing Security
Audit It is daunting for companies to know how
to protect against scams if their
representatives arent aware of the respective
problem areas. Undergoing a security audit
allows the cybersecurity experts at a startup to
decide where the weak points exist. Patching
vulnerable points can make it less likely for
scammers to carry out online fraud, such as
malware that demands a ransom paid to restore
file access. Implementing Strong Password Policy
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An enterprise-wide password policy can help in
protecting startup from scams. Thats because
scammers can do more damage and enjoy a further
reach when they have passwords at their disposal
versus when they dont. Besides setting strong
passwords that are long enough and do not use
easy words, employees also should realize it is
not safe to share passwords with colleagues or
use the same passwords across many
sites. Creating a Secure Entry A secure entry
system can keep out unwanted, malicious visitor.
Some key-card systems offer time-stamped records
of an employees entries and exits from the
offices. Additionally, management can limit
access to specific areas to particular people.
For instance, firms can use a key card system to
only allow the IT managers inside the server
room. Limiting access to sensitive areas keeps
startups safer. Improving Employee
Education Fighting scam is a team effort, which
means it should take a top- down method where
the company leaders prioritize it and encourage
them to follow suit. Making that happen begins
with training all employees to know what might
constitute a scam. If employees know warning
signs of online scam, they should find that it
is easier to avoid it and report unusual
correspondences to their workplaces.