Posted 17 November 2016
Security threats seem to be worsening with every passing day! In fact, it is no longer a case of what if you get attacked, but rather of when will it happen. And, enterprises are sweet spots for cyber criminals.
Cyber attackers understand businesses’ reliance on critical systems as well as data and the subsequent massive impact of any security breach. The popular forms of attack include malware, denial of service (DoS) or distributed denial of service (DDoS) attacks, phishing, ransomware or attacks driven by downloads. But, ransomware has particularly started proving highly effective for hackers and cyber criminals. According to a survey, around 54% of the surveyed companies in the UK have recently been attacked by ransomware.
Yet, despite being aware of the threats that cyber criminals pose, most businesses are still vulnerable to security breaches in various forms. Agreed, it is impossible to be 100% safe, but there is scope for mitigating the risk to a great extent.
Let us identify the ways by which your enterprise can increase its protection against cyber attacks.
Many security breaches in an enterprise happen when employees do something which they are not supposed to do. For example, phishing emails may contain different official looking links that employees can accidentally click and which lead to trojans that gain access to internal systems.
Hence, it is important to educate all employees about information security. But, do not just rely on such awareness sessions. You should also establish stringent and mandatory data security protocols, policies and practices for all employees, vendors, partners and so on.
Despite having numerous security measures in place, cyber criminals may still be able to breach your system. You need to understand the impact of such attacks on your data or business. Accordingly, you have to develop the ability to rewind your system to a point in time before the attack, as quickly as possible.
Also, you should formulate a sound disaster recovery plan for enhanced data protection that would involve frequent backups for your data to minimise the impact of data loss due to a security breach.
Only use the most recent and updated versions of antiviruses, anti-malware software, operating systems, internet browsers and so on in your organisation. To ensure this is done, simply update all the software regularly and, thereby, make it difficult for any kind of security attack.
Certain threats, such as ransomware attacks, make your system inaccessible and demand a ransom (a huge amount of money) from you to get access back to your data. It is even possible that your enterprise may not get its system back after paying the ransom, which may lead to a huge loss that may eventually cause business shutdown.
So, even if the cyber security insurance premiums are high, they are worthy it when compared to the potential loss to your business in case of cyber attacks.
Most security risks are associated with internet facing systems or devices. So, you should decrease the number of open ports and services. It would even help to have good firewall tools in place, along with a policy that offers bare minimum privileges to everyone in your enterprise.
While the above mentioned steps will prove useful in protecting your data, you have to invest a significant amount of time and effort in designing a comprehensive disaster recovery and training plan, formulating foolproof security policies, updating software and more. And, if you do not have experience in IT security, you may even need to hire a professional which will increase your operational expenses.
So, what strategy do you have in place to protect your business’s data from cyber attacks? Do you have any questions? Feel free to drop us a line.