Increasing business value with good security

Hackers finding ways to breach security measures make noticeable news headlines. Recent attacks on small to medium businesses, enterprises and government agencies highlighted the redundancy of primitive security products alone in counteracting these breaches. These non-discriminatory threats targeting businesses’ lack of preparedness have resulted in overwhelming financial and reputational damage.

Even if your security solutions have been 99% effective, the risk level has increased since there are more security breaches per year than before. With over 350,000 new malware registered daily, prevention-only solutions will be deficient in protecting businesses. A critical element to any business looking to fortify its cybersecurity framework is the human factor. An IT policy in isolation is inadequate in guiding your people to do their part in protecting the business from cyber threats. Not all IT policies have full adherence by staff and could cover every possible risk. Often, these multi-paged guidelines are complicated to understand.

Across all industries and sizes, the average phish-prone percentage is nearly 38%, which means 1 out of every 3 employees at some point will click on a fraudulent link or email. Small-to-medium businesses are vulnerable to these prevalent attacks. Creating a culture that makes cybersecurity everyone's responsibility can be done with specific training programs that aim to train human error out of the equation. Cybersecurity awareness training is a fast-expanding service built to address malicious social engineering tactics applied by hackers.

DANGER IN YOUR RANKS

In Australia, the average cost of a data breach in 2020 was $2.15 million, with an average time to identify and contain a data breach of 296 days. Malicious attacks were the most frequent root cause of data breaches, with human error being a primary factor. Protecting your business against cyber threats become immediately more challenging when these threats come from inside through trusted and authorised users. It is difficult to ascertain when users are purely performing their roles or committing to something malicious or negligent. Your weakest links would be inattentive, untrained employees unfamiliar with current IT practices – who could potentially be upskilled to play a critical role in the fight against any attack.

WHAT CAN YOUR BUSINESS DO?

There are plenty of opportunities for negligence, ill intent, or human error. A business' many endpoints, Cloud infrastructure or applications supporting remote or hybrid working, mobile devices, network, and databases are among the targeted assets. A strong culture of learning and training helps your employees to take a proactive role in defending your business and create a safe working environment. Ensure that you not only have cybersecurity awareness training in place, but its depth and breadth drive behavioural change satisfactorily.

Interactive training modules teach users on various forms of social engineering scams and how to recognise suspicious emails. Employees quickly learn how to detect malicious links from unknown senders and keep an eye out for every email that can be a possible phishing attack. Persistent vulnerabilities get exposed by randomly sent fake phishing emails to test employees on whether they report the "attack" or click on the malicious link. These tests become sobering teaching moments. Key stakeholders receive real-time statistical reporting to give valuable feedback on their business’ resilience against cyber threats. By implementing these real-world situation teachings and providing instant feedback, complex concepts become relatable and easily understood.

REINFORCE YOUR VULNERABILITIES

Any user within your business with an email account and online access is a potential target. Cyber-attacks are non-discriminatory and creatively quick in finding weaknesses. However, hackers tend to target employees with the highest accessibility to funds and sensitive information like passwords and employee's private data. The most exposed ones are employees within the Finance, Executive Management, IT, and Human Resource departments. Ultimately, every department is susceptible to attacks, which only underlines the importance of getting everyone in your business involved with upholding information security and compliant practices through consistent training.

HOW CAN WE HELP?

For many businesses, cybersecurity is a full-time priority. We work with customers to help them adopt the best ICT practices into everything they do as well as ensuring compliance with industry security regulations. You can find out more about the IT Security and other services we have delivered successfully to our customers. Contact us or call 1300 HUON IT (486 648) to schedule a chat today.

For more information, download the Building Better Business Resilience Cybersecurity eBook today. 

 

Security & Networking