8 Ways NetSuite Keeps Your Data Safe
In a constantly changing cyber threat landscape, it’s more important than ever to stay a step ahead of attackers. According to IBM's latest report, the average cost of a data breach is $4.24 million.
With NetSuite’s data and infrastructure protection tools, you get a full complement of weapons to defend your organization from attacks, such as data exfiltration and unauthorized access, all while ensuring uptime in the event you’re impacted by an incident.
Read on to discover eight ways NetSuite protects your data, or reach out to our NetSuite experts at GSI for more details.
How Does NetSuite Keep Your Data Safe?
1. Encryption
NetSuite encrypts your data, making it unreadable for any individual or device without the decryption key. This enables you to send sensitive data without having to worry about someone intercepting and reading it. So even if a hacker uses a device to grab sensitive data as it moves between two computers, encryption would render the data unreadable. Only the intended device can decipher it.
2. Role-Based Access
With role-based access, only those who need to use or see sensitive information or applications are given the privileges to do so. NetSuite also extends this feature to remote and hybrid workers who access your system from off-site environments.
For instance, suppose a certain section of your network has sensitive parameters that only an admin should be able to access. NetSuite security allows you to keep everyone else away from that area, preventing hacks or configuration mistakes.
3. Robust Password Policies
Weak passwords are easy for hackers to figure out, either manually or using password-cracking software. But with NetSuite's embedded security controls, you can enforce policies that encourage users to create strong passwords that stop attackers in their tracks.
You can specify password parameters, so they’re complex enough to stymie hackers. You can also manage when and how passwords get updated while making sure users don’t default to weak ones.
4. Multi-Factor Authentication
NetSuite supports multi-factor authentication (MFA), which requires anyone requesting access to a system to verify their identity more than once—meaning, hackers that only have a username and password won't be allowed into the system.
With MFA, users can be required to provide something they know (such as a password or answer to a security question), something they have (such as a physical device), and biometric data (such as a fingerprint scan) before gaining entry into a system.
5. Application-Only Access
Application-only access gives admins the ability to limit access to an application to a specific subset of people. With this NetSuite data security feature, you can prevent hackers—and anyone else outside a specific group of people—from using an app.
For example, you can limit the use of your customer relationship management (CRM) system to just your sales team. You may also set up access to your inventory so only a facilities manager can access it.
6. IP-Based Restrictions
An IP address is an identity assigned to devices when they use the internet. With NetSuite, you can limit access to areas of your network to only a select group of IP addresses. For example, you can use this feature to set up access for a certain group of remote workers. Anyone using devices other than those specified won't be able to get into a sensitive area.
7. Redundant Infrastructure
Along with its anti-hacking and data exfiltration protections, NetSuite also provides enterprise-grade, redundant infrastructure you can use if there’s a natural disaster, cyberattack, or other event that takes core systems offline. These tools give you backup systems that can be spun up automatically if the need arises.
For instance, suppose you have an e-commerce system that enables people to make purchases online and through a mobile app. You can set up a redundant server that performs the same functions and has the same critical data. Then, if one server goes down, the other can be spun up within minutes. Instead of being offline for hours or days and not able to sell to customers, you’re back up and running right away.
8. Automatic Data Backup
Another feature of NetSuite data security—automated data backup—also drastically reduces downtime if there’s an incident. You can set up your system to automatically create backups of business-critical data at pre-designated intervals. Then, should an incident occur, such as a ransomware attack in which a hacker holds data or systems hostage, you can simply resort to the most recent backup, shrugging off the attack and maintaining continuity.
Protect Your Data and Systems with GSI
You can rely on GSI’s NetSuite experts to make it easy to take advantage of these and other features of the NetSuite platform. With NetSuite by GSI, you get experienced professionals that understand which protections you need the most. To learn more about implementing NetSuite, connect with GSI today.