Many businesses will agree that one of their key challenges is that cyberattacks, and other types of security incidents are an ongoing concern for them. All you need to do is read the news and you’ll hear about yet another organization announcing a security breach. Despite awareness of cybersecurity risks, many companies remain vulnerable regardless of their size, IT resources, and industry.
There are two factors at play here, each of which pull businesses in different directions.
- Cybercriminals, who are constantly working to be faster and better at breaching security systems.
- The business itself is often found to be struggling to keep up with security requirements and changes.
Security vulnerabilities can compromise both the stability and the future growth of your business. Do you know what the top security risks in your business are? Learn more about the potential cybersecurity risks that can expose your business to cybercriminals.
Security risk 1: The human factor, the weakest link
The largest threat to your IT security is not always a technological threat. It’s generally the human factor. The people that work for your company play a strong role in how strong your organization’s IT defenses are. Many companies don’t want to come across as too controlling when it relates to the access their employees have. But this can be a mistake in some cases. Cybercriminals are aggressively looking for ways to get past your security systems. There’s no reason why your business should not take an equally aggressive stance to protect against the cyberattacks.
Privilege abuse stands as one of the leading contributors for data leaks and breaches. It’s important to be mindful of how employee access levels are set and monitored.
A robust cybersecurity policy, along with a compliance checklist, should be in place so that your employees are aware of what is expected of them. The protection of your organization’s sensitive data is vital. You should be looking at all angles in order to map and mitigate any potential security threats.
Security risk 2: Bring your own device policies
If your company has adopted a bring your own device (BYOD) policy, that could also be opening you up to a world of cybercriminal opportunity. Certainly, this can provide your employees with a flexible environment, but you may not be considering the cybersecurity risks of doing so.
Ensure you have a stringent policy in place, to help protect your organization against risk.
Security risk 3: Delaying or slacking on IT security training
Every member of your organization should be trained and have an awareness of the potential security threats faced by the company. Threats to security are constantly evolving, so should your training and awareness programs. The human factor can be a serious weakness for your business, but it can also be a strength for your IT security when you have informed employees.
Set time aside to educate members of your organization, starting with your IT team. New threats are constantly popping so it’s important to keep up to date on the latest security threats that could be a risk to your business.
Security risk 4: Poor remote security
Working remote offers several benefits for both business and employees. Particularly when we face a global pandemic and increasing demands for flexibility and connectivity. The devices that your employees use to access internal systems need to have robust security solutions installed. If they do not, then they can pose a risk to the entire enterprise.
Non-company use of devices should be discouraged. Your employee may understand the policies you’ve established, but their spouse or children may not. All it takes is one slipup and a vulnerability can be exposed. Transferring files between authorized and unauthorized devices, downloading files from an unknown source, or phishing scams can all put your employee, their device and your entire organization at risk.
Security risk 5: Outdated systems, software, and solutions
It can certainly be a costly affair to consider upgrading your systems and software. It’s also important to remember that while patches and other temporary fixes do exist, older systems tend to have more risk for vulnerability over newer systems that have been designed to stand up to modern threats.
Your organization should opt for technology that has been designed for today’s workplace, and that can swiftly meet the known security challenges businesses face.
Automatic updates can be inconvenient but it’s not worth delaying them. Remaining vigilant about software updates can help to push through the updates designs to address security vulnerabilities. These same vulnerabilities are made known to the public. If your organization does not run the updates, it increases the risks of a cyberattack through those verified weak areas. Your company-wide policy should mandate updates for all systems and devices that connect to your systems.
The platform that your organization chooses should offer robust security. It should also include requirements to help prevent unauthorized access to data, threat protection, broad spectrum threat intelligence and intelligent compliance solutions.
Keep in mind that cybercriminals have at their fingertips robust and fully automated systems to make things easier for them. Hackers are clever but lazy in many ways. They will work tirelessly to find the easiest way to gain access to your system.
Automation is a critical component for your organization once you consider the immense volume of cybersecurity threats that stand at the ready. Cybercriminals are automated and the best way for your IT security team to counter that is to integrate automation where possible to identify the vulnerabilities in your system. Remember that a cybercriminal just needs to find a single vulnerability to gain access.
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