Is Your Business Vulnerable To Information And Cyber Security Risks?

Whenever anyone heard about the terms like a cyber breach, the only thing shows up in mind is the virus. The ongoing cyber-attacks executed with the help of various tactics follow the methods for malware, spam, phishing and many more. The information security is the most primary concern of an organization as it plays a vital role in the execution of a successful business. The business information includes the customer and bank details, sensitive data like planning, strategy which are also exposed to thread causing a catastrophic loss for business execution. Attackers are adopting new techniques to uncover the painful part of a brand weakening its base.

Some of the most vulnerable threats associated with an organization are as follows. Accounting these points makes your organizational environment protected from outsiders attack.

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1) People:

It has been observed from the past scenarios that the most of the cyber attacks happen in an organization is the result of the insiders' involvement. Concerning the events like phishing emails to password theft, you’ll able to notice that these scams are the outcome of the blunder made by people in the organization.

Attacks such as phishing emails that contain the infected code expand the virus in your system hacking or destroying your data in which companies end up with losing a considerable amount of money.
There is also the possibility that an insider can sell your companies data to your competitor.

2) Attacks:

Attackers always search for tiny flaws in your business system. Companies should carefully examine for the minor to major loopholes in their system before someone else figure it out. The various attacking techniques used by hackers are: 

  • Distributed Denial of Service Attack
  • Malware Attacks
  • Phishing (Email, Spear etc.)
  • Man-in-the-middle attack
  • Cross-site Scripting(XSS)
  • SQL injection, etc

3) Weak Authentication:

All the accounts governing your business operations should be kept highly secure. The inclusion of the safe password protection with two-factor authentication is the best practice to achieve the maximized account security. Your company must ensure that the all the employees change their password from time to time.

4) Employee Education:

For a successful implementation of cybersecurity techniques in your system, you need to ensure that every individual in the organization must be cyber aware. Either you can hire cybersecurity experts to acknowledge your employees the updated cybersecurity practices or you can provide them with training and certify their skills through courses, for example, the cyber security course.

Educating your employees regarding different types of cyberattacks, for example, Ransomware, phishing attacks, etc., can help them make instant decisions in case of cyber attacks on their PCs.

5) Lack of Strategic Risk Management Planning:

The three main salient feature of a risk management strategy is the identification, analysis, and evaluation of the cyber risks involved in your business milestones. A proper study conducted to analyze all the IT infrastructure, processes, and menace related to other operations. Once the assessment is successfully executed then the risk management is the next step followed in the process. This plan prioritizes the occurrence and possibilities of occurrence and specifies the minimization, monitoring and prevention techniques to dominate those risks.

6) Patch Management:

One can observe the impact of the delayed software update from the wannacry attack befell in the year 2017. The main bug behind this attack was a vulnerability found in Windows operating system termed as the eternal blue which spreads the infectious program within the network. The patch update for the wannacry was launched in March, and the attack transpired in the month of May. If people were aware of the regular update installation practice, then they should have saved themselves from the breach. Companies always release the updates to fix the minor loopholes in their program before someone else finds it.

If your organization is not following any of these security approaches, you are walking towards the big disaster. The introduction of new technologies like cryptocurrencies, net banking, IoT and other innovative works are diverting humanity towards the internet which is not secure.