Aspects Organizations Overlook Implementing Cyber Security Plan: In today’s rapidly changing business world, one significant challenge facing many enterprises is an increasing number of data hackers and the corresponding compromise of sensitive data.
Financial fraud, identity theft, and unauthorized access of sensitive information are increasing every day. Hackers and other organized criminal groups are developing advanced techniques to breach security controls and due to this, a cyber security plan has become an integral part of any size business. In the long run, a cogent cyber security strategy can help minimize security attacks, mitigate costs, and limit downtime.
Here are 5 aspects of cyber security and compliance plans that most businesses overlook:
To keep an organization’s data safe and secure it is vital that all staff members go through extensive training during which they are educated on different types of common cyber security threats. These may include viruses, internet frauds, malware, spyware, or other hacks which can affect data confidentiality. Employees must be trained on procedures to mitigate such threats and to act upon security breaches in a timely fashion. Testing systems for threats are affordable and easy to deploy but without adequate awareness training twenty percent of organizations are prone to risks of phishing. With as little as twelve months of periodic security training, this risk can be decreased significantly to 1.2%.
Making sure your data is secure against cyber threats is essential. Just as you would install a high-quality alarm system in your office to keep the premises protected, the computer-based environment should be protected against cyber-attacks using equivalent systems. Gateway devices such as firewalls and endpoints can be beneficial in this regard. Ensuring that these stay up-to-date is key, but doing so can prove onerous for the average client. MBC can utilize remote monitoring and management (RMM) tools to ensure that everything is constantly monitored. These function like ‘virtual alarm systems’ that can help keep your computer infrastructure and digital environment protected against a wide range of cyber security threats.
With the rapidly increasing rate of cyber security threats, it is next to impossible to keep businesses permanently secured against attacks. This is why it is indispensable to have an incident response team consisting of professionals who are aware of the procedures to be followed in the event of such an incident. Response team members should be familiar with all of the major types of cyber security threats and what should be done in the event of an occurrence. Such a team should be prepared to minimize the delay and recover from a cyber security attack as soon as possible. Instead of relegating the task solely to the IT department, all of the other departments of an organization should play their role in making the response more efficient and effective.
When it comes to protecting your business data against cyber security threats, remember that policies and standards are your friends. There are numerous benefits to having defined policies with all of your services. For instance, Bring Your Own Device (BYOD) can be a highly convenient service, however, you need to understand that once an external device has been brought into your business network, it can take a lot of your information or data with it when leaving. Such information can be used by hackers to identify and then exploit a security loophole in your system. Therefore, pre-defined policies and standards must be formulated with BYOD or other similar services in mind.
Get a cyber insurance policy for your organization that helps it mitigate risk exposure by offsetting costs that are involved in recovery after a cyber breach. The insurance policy must state the monetary losses, business interruption, and strategies to recover the cost involved in managing the crisis.
Often businesses do not allocate sufficient insurance for cyber-related incidents. Cyber Security Insurance, by contrast, can cover, but is not limited to:
It is understandable that many companies may find the implementation of these 5 strategies overwhelming. This is exactly why IT providers are at your disposal. MBC offers awareness training, infrastructure protection, and assistance in developing Incident Response teams. They also play a pivotal role in assisting in the development of policies and standards for a variety of digital environments.
Get in touch with our experts and learn how MBC ensures that you can focus on running your business while we focus on providing a Delightful IT experience. Get started today with a free assessment.
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