The Types of Cyber Security
Cybercrime is up 600% due to the COVID-19 pandemic. Cyber security threats have never been so prevalent.
To help break down how we approach improving cyber security for your business, we can simplify it down into three core pillars.
This helps us focus the mind and take a step by step approach to make sure we’ve covered every base. Take a look through at these three crucial areas, and check out our cyber security insurance information. Your businesses should always remain protected.
1. The People
The biggest threat to any business is you and your employees. One small mistake could cost you and your business time, money and your reputation.
Human error remains the leading cause of data breaches. 92% of malware is delivered by email which is then clicked by colleagues, 230,000 new malware samples are produced every day — and this is predicted to only keep growing.
It’s very important that all staff are able to identify and report all types of cyber security threats. You are only as strong as your least informed employee.
2. The Process
Every company, big or small, needs to communicate their organisations cyber security policy. Computer systems should have defined roles and departments follow documented procedures.
Businesses need to determine what rights and privileges users need to perform their duties, making sure higher-level system privileges are carefully controlled and managed. As well as individual logins for employees whenever possible, redundant accounts (including those of former staff members) should be removed immediately.
A strong cyber leadership is needed to establish and enforce processes. Management must be prepared to invest in cyber security resources.
Cyber threats are not just online – think physical. Unauthorised visitors, removable media, unsecured IT equipment are all examples where data can go missing. The average cost for a lost record is $150. These criminals want your data.
The Equifax breach cost the company over $4 billion in total. They did not have their processes in place correctly. The average cost of a data breach to companies worldwide is $3.86 million. Don’t let your company become a statistic.
3. The Technology
You need the help of external hardware and software. This may come in the form of a Firewall, Antivirus or Spam filter. All help to mitigate cyber risks.
Your main business system may be current and supported, but when paired with another solution, vulnerabilities usually appear.
It’s a good idea to hire an external expert to evaluate your risks. Periodic cyber security assessments are a central element in any good security programme because it highlights the strengths you can amplify and the weaknesses you can improve. An external penetration test will provide a comprehensive report of your company’s exposure.
Be Cyber Aware. Invest in Cyber Security and your Cyber Insurance
Cyber criminals will steal an estimated 33 billion records in 2023. Don’t lose out.
You know what to look out for, take some time out and assess your people, processes and technology. Are they up to scratch? Could they prevent a potentially catastrophic attack on your venue?
Discuss your policies and processes with us today, and visit our information for more on cyber security.