Addressing Business Cybersecurity: The Top Measures That Companies Must Take

Proshare

Monday, July 22, 2019 09.55AM / Sponsored Post/ Content By Checkpeople.com / Header Image Credit: Fortune

 

One of the main topics of interest in business and related industries is cybersecurity. It is hardly surprising that cybercrime continues to be a problem for small and large companies in 2019. In fact, it appears that cybersecurity is an issue that business will have to contend with for quite a while.

It is estimated that cybercrimes will cost businesses around the world around $6 trillion by 2021. This number doesn’t even take into consideration all the damage that will be done by the data leaks and breaches. In short, it is imperative that companies begin to take this threat more seriously.

Furthermore, they need to start taking the necessary precautions against such problems as well. Here are the top measures that companies must consider adopting immediately:

 

Improved Hiring Practices

It is important to keep in mind that not all cyberattacks originate from an external source. Sometimes, the threat is within your own company. There is quite a bit that your employees can do to compromise your system to allow hackers to get inside. Or, to put it simply, they may just steal this information for themselves.

To get a handle on this problem, companies need to have more stringent hiring processes. In particular, they need to run more in-depth background checks and arrest record checks on the people they wish to hire. These days, thanks to websites such as https://www.checkpeople.com/ this is simpler than ever. This is the first and most important step to take to eradicate major cybersecurity concerns.

 

Install Security Training Programs

Even if you do hire the most honest employees, they may still be one of the biggest threats to your company. It is estimated that around 47 percent of all data breaches are due to employee error. This means that workers are unintentionally helping cybercriminals.

One of the reasons this statistic is so high is because most employees don’t even have a rudimentary understanding of cybersecurity. This is especially true for older individuals who don’t have a great deal of experience with computers to begin with.

There is also the fact that many employees aren’t aware of the extent of cybercrime or how they might be contributing to it. As a result, they may be very lax in how they access and work on the company’s network.

The best way to tackle all these issues at once is to create a mandatory cybersecurity training program. This way, you can teach employees about imminent attacks and what steps they can take to avoid them. Of course, these programs alone will not be enough to convince people to be more cybersecurity savvy. You will also have to put various measures in place to check that each employee is following the rules.

 

Hire a Cybersecurity Professional

Larger organizations with greater access to sensitive information require cybersecurity teams to stay on top of their system at all times. Small and medium-sized businesses may not need quite so many skilled workers at their disposal. Nevertheless, there should be at least one.

A cybersecurity professional has a number of jobs at any organization. To begin with, they are tasked with training all the employees on proper cybersecurity etiquette. They will also keep the system updated and ensure that the necessary defenses are in place. Furthermore, they will assist individuals when breaches or other issues crop up.

However, most importantly, a cybersecurity professional is involved as a precautionary measure. One of the tasks that such an individual will handle is to constantly examine and prod your security system. In doing so, they will be able to detect any flaws or weak points that exist and patch them up immediately. This makes it a lot more difficult for external hackers to exploit these points and gain access.

Thus, a cybersecurity expert is a necessary component in every business. In fact, as these threats become more dangerous, you will find that such individuals will be hired at a greater rate. It will be advantageous for your business to be ahead of the curve.

 

Back-Up Information

One of the cybercrimes that gripped headlines last year was ransomware. This was a malicious program that invaded businesses and organizations and encrypted their files. Hackers demanded ransoms to unlock the files so that people could access this information once more.

While such crimes are slowly decreasing in number, they are still prevalent. If you don’t wish to be blackmailed in such a manner, backing up your information is your best move. Of course, it must be done on a regular basis so that you have access to all the information you need. Furthermore, this saved information must be kept in a secure, secondary place that hackers can’t access.

 

Consider Cybersecurity Insurance

It is clear that the cost of cybercrime can be astronomical, even for smaller businesses. This is why you may want to turn to cybersecurity insurance as protection. As the name suggests, you pay a premium based on a dollar amount that you would like to be reimbursed for. Of course, terms and conditions apply to such an agreement as well. Thus, you need to be careful about the kind of insurance you get.

However, as a business, this type of insurance may be beneficial to you. This is particularly true in the case of ransomware. Since not all attacks can be prevented, having a contingency plan will be a smart move on your part. At the very least, if your information does get stolen, you will have some consolation. 

It is vital that you consider all the cybersecurity insurance opportunities available and determine which one is right for your business. After all, if you have a very small company, this kind of cost may not make much sense for your level of operations.

Cybersecurity is an issue that every company – regardless of size – needs to focus on. As this problem persists, it can’t be ignored any longer. Thus, all businesses must take the necessary precautions to reduce the risks of an attack.

 

 Proshare Nigeria Pvt. Ltd.


Related News

  1. World Economic Forum: Investors Must Prioritize Cybersecurity Or Risk Losing Money
  2. FINRA Publishes Report On Selected Cybersecurity Practices At Securities Firms – 2018
  3. SEC Rulemaking In The Past Year, Road Ahead And Challenges - Brexit, LIBOR And Cybersecurity Risks
  4. New S$30m Grant To Enhance Cybersecurity Capabilities In Financial Sector
  5. Security Tips for Your Business: Raising Awareness about Cybersecurity
  6. EU To Create A Common Cybersecurity Certification Framework And Beef Up Its Agency
  7. Cybersecurity Group Avast Valued At £2.4bn In London’s Biggest Ever Software IPO
  8. SEC Publishes New Guidance On Cybersecurity Disclosures And Compliance Practice

 

 Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP