Digital connectivity is of utmost importance to businesses and this means you need to manage cyber risk efficiently. There are many ways to manage cyber risk and you need to ensure the solutions used in your business are comprehensive so that nothing goes overlooked.
There are managed security service providers such as CyberCX that can guide you to safeguard your organisation against cyber threats. However, you have to consider the role of your employees when managing cyber risk as well. You may have an advanced cyber security system and tools but the effectiveness of this depends largely on how your employees respond to a threat or mitigate threats. Human error can is a big factor when it comes to security breaches so you have to invest in through employee training. There should be awareness programmes conducted by the organisation from time to time so that employees understand the best practices for managing passwords, learn how to recognise phishing attempts etc. They should have a good idea of the significance of data security. There should be regular training sessions provided so that you can reduce the incidence of security breaches related to human error.
While the internal networks of an organisation are secured,
It is important to consider the risk that comes with your connection to third party vendors. You have to consider any entity that is connected to your organisation’s network as a potential threat and this requires a comprehensive risk management programme for third party vendors and partners. Here you will need to have a thorough vetting process when it comes to selecting third parties and you also need to monitor the security practices of external vendors connected to the organisation. You should assess the data protection measures they have taken along with cyber security policies. Once you have a better idea of their security position, you will be able to gauge whether this opens up a vulnerability in your organisation. In addition to taking steps to prevent a cyber-incident, you also have to prepare for one. A comprehended incident plan has to be developed and this has to be regularly updated. This plan will let anyone know which steps have to be taken in the event of a security breach, responsibilities, system recovery procedures and communication protocols. This incident response plan has to be tested regularly.
Shadow IT refers to the unauthorised use of devices
Or applications by employees and this can affect your cyber security significantly. This is because an employee can be using unsanctioned software and the software will not have the necessary security measures the organisation looks for. This will open up a vulnerability in your organisation’s defence. You need to have clear policies to manage this and to ensure that all employees are aware of the risks that are associated with the unauthorised use of tools. There are also many interconnected devices in your organisational network and you need to have strong security measures for all these devices. The firmware should be updated regularly.