Prepare for (and Recover From) Data Breaches in Your Business

FBCS Data Breach Affects 3.2 Million: Key Takeaways for Business Data Security

In a concerning update, the number of individuals impacted by the FBCS data breach has surged to 3.2 million. The debt collector company had a breach involving sensitive personal information, reiterating the critical importance of robust data security measures.

While some may believe that there are minor or major data breaches, businesses are coming to the realization that there are no insignificant breaches.

As we navigate an era where data breaches are becoming more and more prevalent, this incident serves as a reminder for businesses to fortify their cybersecurity protocols. Regular audits, employee training, and advanced encryption are essential to safeguard against such breaches.

Stay informed about the latest developments in data security, and learn how to protect your business and personal information by reading the full article here.

Navigating the Intersection of Personal and Business Credit: What You Need to Know

Did you know that your personal credit score can significantly impact your ability to secure business funding and vice versa? Understanding the interplay between personal and business credit is crucial for entrepreneurs and small business owners.

Key Insights:

• Personal Credit Influence: Lenders often assess personal credit scores when evaluating small business loan applications. A strong personal credit score can enhance your chances of securing favorable business financing terms.
• Business Credit Impact: Establishing and maintaining a robust business credit profile can protect your personal credit score and open doors to larger funding opportunities, better interest rates, and improved supplier terms.
• Strategies for Success: Separating personal and business finances, regularly monitoring both credit profiles, and making timely payments are essential practices for maintaining healthy credit standings.

Stay informed about how your credit decisions can influence your entrepreneurial journey. Explore strategies to optimize both personal and business credit health and unlock new growth opportunities.

Read more here.

What To Do After a Data Breach: A Step-By-Step Guide

You received a notification saying your exposed information was potentially in a data breach. So what do you do about it? Take the steps outlined in our Hogo blog.