How to protect your business from cybercriminals?
Cybersecurity should be a top priority for organizations today, especially as employees continue to work remotely without enterprise-grade protections. In the age of COVID-19, businesses are more vulnerable than ever. From phishing scams to malware, hackers are constantly finding new ways to attack businesses. In fact, in March 2020 alone, scams increased by 400%, and have steadily increased since.
It is critical that employers protect their organizations and employees against cyberattacks, especially now. As new scams grow, businesses need to create new ways to avoid hackers. Many steps can be taken to implement and enforce security measures as part of day-to-day procedures for employees. By focusing on just three strategies, organizations can better protect themselves against phishing scams and other cyberattacks.
1. Create a comprehensive plan
As organizations transitioned to remote work, employers had to make fundamental changes to adapt. The same goes for security threats. Cybersecurity measures should be part of daily routines and tasks. This means creating a plan to protect all assets and strengthen business process security.
Each organization’s security strategy must also align with its specific business risks. Conducting risk assessments will allow employers to determine where they need to invest in cybersecurity. It is important to identify key digital assets within personal networks and devices so that employers can determine how best to protect them.
Once an organization’s risks have been assessed, it can create a plan tailored to those needs. For example, a cybersecurity strategy might include secure remote access or virtual private networks (VPNs), especially for virtual workers, to protect devices from threats posed by public internet connections. Other strategies include implementing multi-factor authentication, assigning access permissions to employees, and maintaining regular backups.
2. Prioritize investments in cybersecurity
Protecting an organization requires the right tools. A reliable security framework is an essential aspect of risk management. For many remote or hybrid workplaces, areas such as cloud and/or software-as-a-service (SaaS) security take priority. To manage and protect these environments, enterprises must transition to software-defined networking (SDN) with secure access and/or secure service edge capabilities.
Firewalls are also an important aspect of security, as they place a barrier between trusted internal networks and the outside world. Maintaining end-to-end security has become even more difficult in the age of remote working.
Investing in threat monitoring and endpoint protection tools can also help. While there is no silver bullet to combat the myriad of threats, layering cybersecurity methods helps create “defense in depth”, better positioning the organization to deal with the specific cyber risks that may arise. then be exploited.
3. Take the time to train employees
Strategy and security are futile without proper training. Organizations should commit to continuously training their employees so that they not only know what cyberattacks to watch out for, but also what to do if they notice something. This means making sure employees are comfortable reporting scams. By starting training during onboarding and conducting it regularly as scams evolve or emerge, workers can move from passive to active.
Cybersecurity training ranges from phishing tests to password and device management. Employers should teach workers to update their systems, be careful with external devices such as USB drives, and practice physical device security.
Response is just as important as prevention. Organizations should have a plan for employees if they are scammed or notice anything unusual so that IT or information security professionals can fix the problem as quickly as possible and mitigate damage.
Ignoring cybersecurity is a huge risk, as cyberattacks can have serious consequences for businesses and their customers, suppliers and partners. Developing a strong cybersecurity strategy and investing in resources and training is essential. Security continues to grow in importance as remote work persists and threats increase. By understanding the issues, challenges, and potential threats of a cyberattack, organizations can determine what steps and precautions can be taken to reduce the likelihood of a cyberattack in the future.
Risk Management Magazine and Risk Management Monitor. Copyright 2022 Risk and Insurance Management Society, Inc. All rights reserved.National Law Review, Volume XII, Number 244