November 30, 2023 The IRS and its Security Summit partners encourage you to follow these data loss and fraud best practices from the Federal Trade Commission: Set security software to update automatically. Back up important files. Require strong passwords for all devices. Encrypt devices. Use multi-factor authentication. Cyber criminals target businesses of all sizes. Knowing some cybersecurity basics and putting them in practice will help you protect your business and reduce the risk of a cyber-attack. For more details, visit the FTC's Cybersecurity for Small Businesses.