5 Significant Cyber Security Risks Businesses Should Ponder
In the recent years, it has been observed that many businesses have been rapidly affected by various types of cyber attacks. Companies continue to be under great pressure and strive to keep their information safe and secure. Some of the common security risks businesses continue to face have been listed below:
1. Human factor and peoples’ reactive mindset: The employees working in the business could form the major base for cyber threats as they are more prone to open phishing emails or download links that could turn out to be malware. Moreover, the top level management or people at the C level will be less prone to become malicious insiders. Due to this a serious concern of privilege abuse by lower level employees is more common as they become malicious insiders and measures need to be taken to overcome this problem.
2. Password protection measures play vital role: Businesses should be extremely aware that they should maintain all important business accounts with a two factor password authentication such that it may not be easily hacked. This password needs to be changed and maintained effectively once in 30 or 45 days to keep it more safe and away from any security attacks.
3. Aging Infrastructure and drastic Patch Management necessary: In addition to the above security risks, hardware can also be a major issue as lifecycle of most of the devices is becoming increasingly shorter these days. Purchase only new hardware that can uphold updates such that aging factor can be taken care off. Recent attacks such as the WannaCry and Petya outbreaks have underlined the importance of regular software updates that needs to be taken up. Even for Eternal Blue, it allowed the malware to spread within corporate networks without any user interaction, making these outbreaks particularly virulent. The above incidents do show the importance of protecting vulnerable systems and patching is a key way to do it.
4. Difficulty with Data Integrations: It is interesting to note that the amount of data that flows through an organization could for reasons overwhelm anyone as it contains very critical information. This could be about employees, partners, stakeholders, service providers etc. But integrating various data sources is crucial to have a clear understanding of various risks involved within or outside the organization.
5. Lack of a Proper security recovery plan: Most businesses are still unaware of the impounding risks with cyber security and lack a proper plan to overcome such situations. They need to draft a plan that contains the actions that could be taken up when there is a cyber attack and thus can quickly and efficiently minimize the risk and save information or other economic losses.
How Can Businesses protect themselves?
Certain solutions like SecOps provide superior customer experience along with a robust cyber security. This security product has capabilities of secure operations while focusing on delivering a seamless customer experience. This specific Security and Experience go together approach finds the right balance between the ease of user experience and effectiveness of security protection. These solutions cover the entire software lifecycle, from secure design to security testing in development and QA, app self-protection and monitoring in product and patching. Security is an enabler of new business opportunities in addition to helping protect your company’s people, data, and systems. Cloud Security is achieved through following certain cloud adoption strategies with specific focus placed on security and privacy to improve all operations and make them secure.