Recent market reports indicate that almost every industry has faced cyberattacks in recent years. The numbers are alarming, despite an increased interest in security and bigger cybersecurity budgets. A study by SIA in association with Wall Street Journal outlined the cybersecurity landscape, and how businesses have suffered various kinds of cyber threats, often through customers and vendors.
So, is your company ahead of cybercriminals? We recommend that you answer the questions listed below.
- Are your employees practicing password protection measures?
Businesses often take password protection for granted. For instance, all default passwords must be changed immediately after product or software is installed and deployed, because hackers can easily guess these details. Similarly, employees should be using strong, long passwords, and passwords shouldn’t be repeated for different users or accounts. It is also very important to recommend a password manager for employees, so they don’t have to struggle with password protection.
- Does your company have clear cybersecurity protocols?
For various reasons, many companies are asking employees to work from home, and while that may seem like an easy decision, there are consequences related to use of personal devices, without adequate protection. Having a clear set of cybersecurity protocols ensure that employees don’t make the obvious mistakes. For instance, VPNs must be used for accessing company resources on unsecured networks. Or, employees must report an incident related phishing email or suspicious attachment to the cybersecurity team.
- Do you have a bug bounty program?
Contrary to what many small companies may believe, running a bug bounty program, or hiring ethical hackers, doesn’t have to be expensive. In fact, businesses often choose to hire services that run such programs on their behalf, and it works for large and small companies alike. Ethical hackers are only paid when they find security flaws and vulnerabilities within a system. Engaging the security community is a proactive step that really matters in the long run.
To sum up
Finally, make sure that you have a team of cybersecurity experts, who can offer guidance on various matters that may affect your business, if a breach occurs. It is also imperative to have an incident response plan in place, so that appropriate action can be taken in time, to do damage control, in case a breach occurs. Every company needs to invest in cybersecurity, and the budget has to increase with time. Consult experts from other cybersecurity services, to know if you are doing things right!