For any business, data is one of the strongest elements. Having a strong amount of data and finding ways to protect it is a task that every business owner has to conduct without having a choice. Firstly, protecting a company's internal technology is the main cybersecurity precaution that companies must invest in. It is essential for businesses to lock down the information that they receive from clients and other stakeholders. Along with that, keeping systems secure to protect the information of vendors, and other important people related to the business is a norm that should be followed without a choice. Technology is definitely a boon for entrepreneurs, offering increased mobility, productivity and ROI at reduced expense. But as useful as modern innovations such as smartphones, tablet PCs and cloud computing are to businesses, they also present growing security concerns.
Major Security Concerns Affecting BusinessesDespite years of pressure being put about security leaks and distributed denial-of-service attacks and repeated admonishments from security professionals that businesses needed to do a better job protecting sensitive data, many businesses are still unprepared or not properly protected from a variety of security threats. To sum it all up, there are three prime errors that businesses commit when it comes to internal technology security:
- Not keeping office devices secure
- Unprotected employee devices
- Social engineering and its effects
Human Errors Harmful for BusinessesCybercriminals rarely succeed in executing fraud on their own and rely on deceitful tactics to trap targets and push them to act irrationally. In other cases, the responsibility falls entirely on an employee's shoulder who inadvertently discloses confidential details in emails and other communications. Along with that, there are certain following ways that majorly affect businesses entirely because of human errors.
- Sharing incorrect attachments
- Sending an email with wrong recipients
- Having weak passwords
- Devices getting stolen or lost
- Falling prey to hacker scheme
Ways to Conduct Risk Assesment for CybersecurityBusinesses face risk every day. It’s a part of getting business done, especially in this digital world. Managing risk is critical, and that process starts with a risk assessment. If businesses don’t assess their risks, they cannot be properly managed, and ultimately business is left exposed to threats. But there are measures that can be taken for better cybersecurity which are nothing but risk assessment steps.
- Characterizing the system
- Identifying threats
- Determining inherent risks and impacts
- Analyzing the control environment
- Calculating risk rating
Key Takeaways from the Whitepaper titled, "CYBER SECURITY: Actionable Ways to Protect Your Data and IT Systems"
- The constant fight to protect a company’s network and data from a hacker is growing with every technology innovation introduced in the market.
- The risk of a data breach starts from small steps for instances, printers being not secure and other such factors.
- Educating employees to keep a close check on social media handles to avoid hacking of their profiles and such other forms of information.
- The effect of human errors is prolonging and has disastrous consequences.
- Performing risk assessment one a very regular basis proves to be beneficial for a company's security as a whole.