As we welcome Cybersecurity Awareness Month, companies must prioritize digital safety. It’s important to acknowledge that cyber threats continue to evolve with size and sophistication, affecting businesses of different sizes and industries.
Some of the critical cybersecurity highlights this year include:
- PayPal suffered a major cybersecurity attack, leading to unauthorized parties’ unlawful access to 36,000 accounts.
- A ransomware gang reportedly stole 1.3 TB of susceptible data from Sabre.
- Another ransomware gang stole 6.3 TB of sensitive data from the NGO Save the Children.
- In September 2023, MGM Resort operations were severely affected by cybersecurity attacks, causing card payment machines, slot machines, and booking systems to stall.
- Hong Kong-based cryptocurrency exchange platform CoinEx lost $70 million in cyber-attacks following a September 2023 cyber-attack.
- Microsoft’s SAS misconfiguration caused a 38TB data leak of private employee data.
- Telecommunication company T-Mobile has been accused of breaching sensitive consumer information in two separate incidents. In one case, it was due to a ‘system glitch,’ in another, it was due to cybersecurity attacks.
These highlights show how serious cybersecurity threats can be, especially when unprepared individuals and organizations are. At Edafio, we’re dedicated to empowering our clients with the tools and knowledge necessary to protect their valuable assets – data, information, systems, networks, and reputation. This special blog will discuss ten cybersecurity recommendations tailored to your business needs.
1. Conduct Regular Cybersecurity Training Sessions
Remember that educating your employees is the first defense against cyber threats. Most organizations fall prey to cyber threats due to human error and personnel’s lack of knowledge. It’s advisable to regularly conduct cybersecurity training sessions. Ensure your employees understand the importance of strong passwords and 2-step authentication, recognize phishing, and know the protocols for handling sensitive information.
2. Implement Multi-Factor Authentication (MFA)
It’s advisable to enforce multi-factor authentication across your systems. MFA adds an extra layer of security, making it hard for unauthorized users to access protected systems and information even if they have your passcode. Remember that multi-factor authentication introduces multiple authentication points. This means unauthorized users will access these devices to unlock protected computing ecosystems – laptops, computers, portals, and accounts.
3. Regularly Update Software and Systems
Outdated software is a primary target for cybercriminals. Outdated software is prone to bugs and can be an easy target for a malicious attack or onslaught. Update your operating systems, security software, and operating software. Allow automatic updates where possible, and always ensure you protect your systems against unknown vulnerabilities at all times.
4. Data Back-up
Data loss can be a catastrophic experience for any business, leading to loss of reputation and possible legal violations. Always back-up your data to offsite locations to ensure it’s accessible beyond the premises. Cloud back-up solutions offer secure cloud back-up, allowing enterprises to secure their mission-critical data anywhere. So, having a hybrid data back-up solution is the best alternative for enterprises dealing with sensitive consumer information – finance, healthcare, real estate, and hospitality.
5. Incident Response Plan
Prepare for the worst-case scenario by implementing an incident response plan. Outline response procedures, identify key personnel, and establish communication protocols. Most importantly, have a clear strategy that minimizes the severity of an unprecedented attack.
6. Secure Your Network
Secure your network by implementing a wide range of controls. Implement robust security measures, conduct regular network audits, and implement intrusion detection systems. Most importantly, consider segmenting your network to restrict access to sensitive infrastructure and personally-identifying information. Regularly monitor network traffic for unusual traffic patterns indicating a breach.
7. Security Audits
Regular security audits are crucial in identifying and reporting potential vulnerabilities within a system—partner with cybersecurity experts, like Edafio Technology Partners, for audits and penetration testing. Address the identified security vulnerabilities to enhance the security posture of your organization. Security audits identify vulnerabilities in efforts to reinforce your cybersecurity posture.
8. Collaborate With a Managed Security Service Provider (MSSP)
Outsourcing your security needs to a managed security service provider can provide your business with round-the-clock monitoring. At Edafio, we offer tailored cybersecurity solutions, protecting your computing infrastructure and allowing you to focus on your core business. A managed service provider provides round-the-clock monitoring services while extending flexibility and affordability. You can scale outsourced services up and down depending on changes in your business needs.
9. Foster a Culture of Security
Charity begins at home, and so does cybersecurity. Encourage employees to report suspicious activities promptly and reward vigilant behavior and responsible cyber conduct. Remember that an informed and empowered workforce is the most potent asset in the struggle against cyber threats. Empower your employees with training, education, rewards, and incentives to combat unprecedented cyber threats.
10. Stay Informed, Adapt
Cybersecurity continues to evolve in size and sophistication, forcing cybersecurity professionals to adapt to new security frameworks and protection measures. Since the cybersecurity landscape continues to change, stay informed about the latest cybersecurity practices and threats. Please review and update your cybersecurity policies, standards, and frameworks, ensuring they adapt to new challenges. Network in industry forums and interact with peers to obtain valuable insight into emerging trends in the cybersecurity landscape.
Edafio – Reinforcing Your Cybersecurity Posture
Cybersecurity represents a grave concern to businesses handling consumer information and financial data. We believe that cybersecurity is a shared responsibility between enterprises and service providers. We enshrine the principles of collaboration, privacy, accountability, and transparency in extending robust cybersecurity solutions to enterprises of different industries.
By partnering with us and following these recommendations, you can significantly reduce your risk of cyber threats. During this Cyber Security Month, let’s work together to safeguard your business against threats.
We’re here to support you every step of the way.
Contact us today for a free consultation on cybersecurity assessment and review.