Prepare Your Business for Data Security Risks in Future

Prepare Your Business for Data Security Risks in Future

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by Richard Gall — 2 months ago in Business Ideas 5 min. read
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You can increase your readiness and your security team’s confidence by moving beyond static incident response plans. Instead, you should use transitory crisis simulation training to closely mimic real-world attacks.

A little prevention can go a long way when it comes to cybersecurity. According to the Cost for a Data Breach Report 2020, businesses created an incident response plan and tested it using simulations or exercises.

These companies saved approximately $2 million, but these savings were due to the fact that they didn’t take necessary steps to secure data.

Many cybersecurity attacks today are targeted. Threat actors spend a lot of time gathering information and searching for opportunities to strike.

There has been an alarming increase in the sophistication of malicious activities over the years. This is something that has never been seen before.

To increase your security team’s readiness and confidence, it is important to go beyond static incident response plans. Instead, use transitory crisis simulation training to closely mimic real-world attacks.

How to Protect Your Enterprise from Advanced Attacks

According to the new Osterman Research Highlights, not all preventive measures or cyber crisis preparedness strategies are created equal.

These are key steps to help you achieve your goals.

Cyber Threat Intelligence (CTI)

Gartner defines cyber threat intelligence as “evidence-based information, including mechanisms and context, implications, indicators and actionable recommendation about an existing hazard/menace to assets that can help to make informed decisions regarding the subject’s response to that hazard/threat.”

It involves the gathering and processing of data about threat actors and their methods for defense purposes.

Cyber threat intelligence solutions often include machine learning and artificial Intelligence and integrate other security options to ensure data processing is precise.

CTI also allows companies to be proactive rather than reactive in their approach to cybersecurity.
CTI solutions allow organizations to understand their cybersecurity threats and create powerful defense mechanisms. This is a way to cyber resilience.

Cyber threat intelligence allows IT and security teams to better manage and prevent exploits. They are constantly alerted to potential vulnerabilities.

CTI relies more on human actors than automation. Practical CTI requires more than just the right tools. It also requires trained and intuitive analysts.

There is also a challenge. According to the CTI Practitioners’ Survey by Cybersecurity Insiders 85% of respondents received very little or no training in Open Source Intelligence techniques and risks.

Intelligence-based security measures have become more important due to the complexity of cybersecurity. It is crucial that businesses invest in the right people and tools (researchers/analysts, etc.).
Also read: Top 10 Best Software Companies in India

Endpoint Protection

The heart of cybersecurity is endpoint security. As teams become remote, endpoint security is becoming more important. It is difficult for organizations to secure entry points in order to prevent malicious entities from gaining access to their networks or systems. However, it is essential to address this issue.

It is much more difficult for companies today to protect their entry points and prevent malware or other malicious units accessing and entering their networks and systems. Organizations are also faced with the challenges of expanding BYOD policies.

Protection and endpoint security are key priorities. This means that organizations can be negatively affected if they fail to protect their endpoints. The endpoint security situation was bleak in 2020. According to Endpoint Safety Research by Delta Risk

34% of companies experienced more than one endpoint attack on their IT infrastructures or data.

55% of companies experienced an increase in endpoint security risks.

67% of respondents believe that it is reasonable likely or very possible they will fall prey to a cyberattack within the next 12 months.

Endpoint protection solutions are typically client-server based. However, some can be provided as SaaS. Although virtual private network (VPNs) and firewalls are important in breach prevention, these solutions are not the same as endpoint protection.

You can also set up a VPN using one of two methods: the manual configuration or the app-based. Manual configuration is the most difficult method of setting up a VPN and requires technical knowledge. Manual configuration can be used if you are unable to download or connect. The app-based approach, on the other hand, offers fast and secure connections with an easy to use interface.

Endpoint security is a way to ensure data safety. Information is the most valuable resource and asset of an organization. As an enterprise, you don’t want your data to be lost. Endpoint security should be focused on data protection.
Also read: Top 7 Industrial Robotics Companies in the world

Cyber Breach Response Plan

Many enterprises could do more to reduce their vulnerability to . The Cyber Security Breaches Survey (2020) shows the most frequent responses.

Giving people specific roles and responsibilities

  • Finding the source
  • Logging formal incidents
  • Assessing impacts

Only 21% of companies perform the four above, and 30% do not. This shows that companies’ responses to data breach are not always comprehensive or foolproof. 64% of businesses avoid future breaches.

Without the ability to properly analyze and respond to incidents, how resilient and flexible can a plan for avoiding threats be?

Here are some tips to help you develop a strong breach response plan.

You should have a plan of action for a crisis to protect your business from any serious incident.

Create a response plan that includes a risk assessment, alert levels for various incident types, as well as responsibilities and roles for each person involved

You can gauge the impact and effectiveness of your plans after an incident to determine lessons learned and potential threats.

All employees should participate in the awareness training program. This will prepare them for different situations. You can simulate scenarios and then review your plans for responding to those situations.
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Online Crisis Simulation Training

It is urgent that you provide more effective crisis training than the one you currently offer. Another great way to be prepared for any impending threats is online crisis simulation training.

These exercises can be tailored to address specific company issues. These teams are often overlooked in larger-scale simulations and practical sessions.

This approach is much easier than tabletop exercises. Online crisis/emergency scenarios can create an augmented buy in across the company, even among staff who aren’t proficient with technical stuff.

Ensure Essential Skills

As a discipline, cybersecurity is constantly evolving. This keeps the field dynamic and exciting. Unfortunately, many companies are not able to protect themselves from potential threats because their employees don’t know about them. Training and preparing employees are essential to ensure your business is prepared for any data security threats.

Cybersecurity personnel need to have the basic skills of communication, problem-solving and critical thinking. These are essential skills that are fundamental to their daily work.

Training employees in security basics, writing protocols, creating action plans, as well as developing them with the ability to write them, is a must. These skills can be combined with technical knowledge to help prepare your employees, particularly the IT and security team, to tackle the issue competently.

Employees should be knowledgeable about data security and have the ability to apply their knowledge.

It is essential to provide consistent training and a comprehensive security awareness program throughout the enterprise in order to encourage the right mindset. This will help employees practice and reinforce the procedures needed for responding to cybersecurity crises.
Also read: Top 10 Largest IT Service Provider Companies in The World

Conclusion

A robust plan that emphasizes core skills, readiness and attention to emerging cyber security concerns is essential for your business’ success.

You can make your organization more secure by being proactive and sufficiently informed. To increase data security in the company, employees need to be able to tell how and when they can change privacy settings.

Richard Gall

Richard is senior editor of The Next Tech. He studied International Communication Management at the Hague University of Applied Sciences.

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