In addition to these 10 ways to reduce your cybersecurity risk, consider these tips when developing your cyber risk management strategy. The technology you will use to prevent and combat cybersecurity attacks, such as DNS filters, malware protection, antivirus software, firewalls and email security solutions. Let’s take a closer look at each step of the cybersecurity risk management process to develop a plan.
These can be anything from IoT, software, web application systems, and even employees, who are often vulnerable to social engineering attacks such as whaling and phishing. Technology continues to evolve in surprising and sometimes alarming ways. Today, we not only use but often depend on technological tools in our personal relationships, work, and business decisions, opening the door to intrepid hackers. Easy access to myriad sensitive information means more and more businesses are exposed to a range of cyber risks – from data theft to ransomware to corporate espionage – and may not even know it. Malicious software, also called malware, can steal, encrypt or delete private data, monitor computer activity without the user’s permission or alter core device functions. In 2017, health insurer Anthem paid $115 million in a class action lawsuit after a record amount of customer data was compromised by a security breach.
With approximately 2,200 attacks per day, the only way to truly stay ahead of cybercriminals is to continuously monitor your organization’s network traffic and cybersecurity measures. To truly detect threats in real time and mitigate cybersecurity risks, consider tools that give you a complete view of your entire IT ecosystem at all times. That way, your IT security risk management services security team can more actively identify new threats and determine the best way to remediate them. UpGuard can help you reduce your cyber risk by protecting your sensitive data. It’s effective attack surface management software and a comprehensive third-party risk system. Increase your cybersecurity protection today by starting a free trial of UpGuard.
Cybersecurity threats are becoming more sophisticated, and hackers are inventing new ways to access data every day. You should therefore protect your networks against cyberattacks by installing firewalls. A reliable system will either effectively protect you from gross attacks or prevent security incidents from causing irreversible damage. Your attack surfaces are the vulnerabilities or entry points that malicious hackers can use to gain access to confidential data.
Most malicious firewall and ransomware attacks are the result of human error. In fact, statistics show that about 94% of companies have fallen victim to cybersecurity threats due to insider breaches. Screen all new employees to make sure they don’t pose a cyber risk to your business. You should also take steps to prevent employee negligence, which contributes significantly to cyber risks. Most companies focus on the digital aspect of cyber risks when it comes to cyber risk management and completely neglect their physical facilities. Conduct a security assessment and determine if your critical infrastructure is safe from security breaches.
Ensuring that everyone, including the IT security team and non-technical staff, knows what they are responsible for in the event of a data breach or attack will make it easier for resources to be prepared and ready to act. This is called an incident response plan and is one of the most important components of mitigating cyber risk in your organization’s evolving network environments. Threats can come from anywhere, and they are becoming more sophisticated, making it increasingly impossible to be 100% prepared for data breaches. An incident response plan helps your organization do everything it can to be proactively prepared so your team can act quickly and effectively to resolve issues. By properly training your employees, investing time in updating technology, and implementing high security standards, you can reduce your attractiveness to hackers and protect your business from cyber risks.
While you can define the content of your cybersecurity policies and the policies for your employees, Ekran System provides you with all the necessary monitoring, auditing, password management, alerting and response tools. This means you can implement modern enterprise cybersecurity best practices with a single piece of software. When new employees are given full access rights by default, they can access sensitive data even when they don’t need it. This approach increases the risk of insider threats and allows hackers to access sensitive data as soon as an individual employee’s account is compromised.
For example, you can grant employees privileged access to sensitive data only when they really need it, and only for a specific time and object, using the Just-in-Time Privileged Access Management approach. With JIT PAM, you can manage extended privileges and grant access to sensitive data only temporarily. The best way to ensure proper security is to use specialized tools such as password vaults and PAM solutions. This way, you can prevent unauthorized users from accessing privileged accounts, while simplifying password management for employees. If you buy a used firewall, be sure to install the latest firmware and reset the firewall before adding your team members to the system.