Enterprise, GDPR, Internet Security

Is your company prioritising security?

In this age, having your company prioritising security is essential due to the way companies are connected to local networks…

In this age, having your company prioritising security is essential due to the way companies are connected to local networks and the internet almost by default, and this is due to how much the internet has been incorporated into the everyday routine. And as with any other aspect, information systems involve a series of security risks that have to be tackled by companies in order to ensure they offer the best service they can.

If you are in charge of a company, or of its security department, there are several tasks you have to perform at all levels in order to actually be protected from all kinds of digital threats.

Security diagnosis

Your company should have security diagnosis performed and evaluated constantly, in order to know whether it’s ready to stand against any malicious attack and to check if it was a victim of a cyber crime at any point, whether successfully or not. Have a team constantly analyze incoming and outgoing traffic, as well as any strange interaction within your internal information systems. You can also check how robust your current security measures are by trying to bypass or break them and see if you can get through them.

Preventive measures

Don’t wait until your security has been breached and you’re dealing with a real problem to improve your company’s security measures. The best mindset is to think you are always being targeted and plan in advance because you never know when you will actually be targeted. The objective of a robust and structured security plan is to be active and working before any attacks, in order to ensure that your company does its work without any unexpected interruption.

Human training

Most of the time, the human factor is the weakest link in a security chain. Take enough time to prepare every person that works for your company regarding good and bad security practices, what to do and what to prevent, and especially how to act in case of a security breach. Keep them updated every so often, and organize simulations to see how they would handle an attack and correct any mistakes. We offer some advice on preventing phishing attacks in our article – 5 ways to spot phishing attacks.

Emergency plans

Remember that, no matter how much you plan, a breach is always possible, and you’ve also got to be ready to handle it. Don’t just take preventive measures, but also prepare a series of emergency plans that can be easily and quickly deployed if a security breach is detected. Consider how to handle your clients or users information, any sensitive data, your databases, your websites and applications if any, and even how to handle the press and public information. Structure several plans depending on the gravity of the situation be prepared in case you need to deploy them.

Security tools

One final good practice is to always install and run updated security tools, such as an antivirus, a firewall, a backup tool and other programs, in every single device related to your company, to aid in your security measures and stand as yet another resort against malicious attacks.

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Key Takeaways Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC. The new law allows digital assets to be used as collateral and recognizes electronic records and signatures. Share this article Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the

Key Takeaways

  • Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC.
  • The new law allows digital assets to be used as collateral and recognizes electronic records and signatures.

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Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the Uniform Commercial Code (UCC).

The legislation, signed by Governor Tina Kotek on May 7, introduces UCC Article 12, which creates a legal framework for digital assets including crypto assets, tokenized records, and electronic money.

The bill amends Article 9 to allow digital assets to be used as collateral in secured transactions. It also updates several UCC articles to recognize electronic records, signatures, and hybrid transactions to support digital commerce.

The new law includes transitional provisions that maintain the validity of transactions made before the act’s effective date and provides a one-year period for existing security interests to comply with the new regulations.

Before these changes, there was legal uncertainty about how digital assets fit into existing commercial laws, especially when used as collateral or transferred between parties. The UCC amendments clarify how rights in these assets can be legally controlled, perfected, and enforced.

Apart from SB 167, House Bill 2071 is another crypto-related bill introduced in Oregon.

This proposed legislation focuses on blockchain and digital asset rights. It is aimed at protecting and promoting the use of Bitcoin and other digital assets in the state by limiting regulatory barriers and clarifying the legal framework for blockchain-based activities.

Some of the highlights of the bill include a prohibition on state and local governments from restricting or impairing a person’s ability to accept digital assets as payment for lawful goods and services, as well as the right to conduct peer-to-peer transactions via blockchain or digital asset networks.

The bill is still in the early stages of the legislative process and has not yet advanced to a vote in either the House or the Senate.

Unlike most US states, Oregon lawmakers have not proposed any bill to create a state Bitcoin reserve as of now.

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