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Fending of the Cybercriminals: How to Protect Your Business in the Digital Age

StrategyDriven Risk Management Article |Cybercriminals|Fending of the Cybercriminals: How to Protect Your Business in the Digital AgeIn the digital age of today, cybercriminals are your business’s biggest enemy. They will stop at nothing to take advantage of both your company and your clients in order to benefit themselves, regardless of the damage they cause. They’ll phish, impersonate, hack, and scam their way to financial success, without bothering to even consider the consequences of their actions.

You cannot allow these petty cybercriminals to bring down the business that you’ve worked so hard to build up. Quite simply, you have to resolve to fend them off at all costs. To find out how that can be achieved, be sure to read on.

Know your enemy

Simply knowing your enemy and getting familiar with the dangers that you face will help you to fend off cybercrime.

Some forms of cybercrime that you should definitely be aware of include:

Partner up with an anti-phishing expert

Fake websites, social media accounts, and email addresses are created by cybercriminals in order to hoodwink unsuspecting customers. Instances of this happening are referred to as phishing attacks, and they are common place on the world wide web today. Unfortunately, the bigger your business’s reputation, the greater your chances are of being targeted by a cybercriminal who specializes in this type of criminality — your company’s reputable name and extended customer base provide them with plenty of opportunities to scam their way to financial success.

Fear not, however, as you’re not alone in your fight against phishing. There are plenty of anti-phishing experts out there, and you should partner up with them if you’re serious about preventing this kind of plight before it has the chance to befall you.

FraudWatch International are one such expert that you could turn to in this instance. The anti-phishing services that they offer include:

  • 24/7 monitoring
  • Domain registration
  • Detection capabilities
  • Layered protection
  • Scanning tools
  • End-to-end solutions
  • Speedy site takedowns

Make sure your employees understand the dangers

If they remain in the dark with regards to all the digital dangers your organization faces day in, day out, your employees could inadvertently end up making it incredibly easy for cybercriminals to hack into your business.

Should your staff members access a virus-contaminated website or open up a trojan email while they are connected to your office WiFi, your whole network could be infected and your personal details could be hacked into — once they are granted access in this instance, you can be sure cybercriminals won’t leave you alone or give you back what is rightfully yours until you yield to their financial demands. For this reason, you need to ensure that the entirety of your workforce understands the severity and danger of cybercrime.

In the digital age of today, physical crime is not the only danger that you face. You also have to contend with cybercrime — fail to tackle it, and an untold amount of problems could befall your business. Take the above advice, and be sure to fend off cybercriminals before they have the opportunity to sink their claws into you.

Cyber security fatigue: what is it and how can your business avoid it?

StrategyDriven Risk Management Article |Cyber Security|Cyber security fatigue: what is it and how can your business avoid it?Cyber security fatigue occurs when people become overwhelmed by cyber security issues, to the point they start ignoring security best practice, treating threats less seriously, and missing important warning signs.

Unfortunately, it is still the case that humans are the weak link in cyber security – and cyber fatigue has a role to play in this. Most businesses understand that they need to provide their staff with cyber security training. Staff are, after all, an important line of defence. This is an important step in protecting against cyber fatigue, and there are others that are important too.

Cyber security fatigue can be highly damaging, as a poor cyber security culture can make businesses more vulnerable to attacks. Here are five ways to avoid cyber security fatigue.

Share the responsibilities for security

One of the most common reasons for cyber fatigue is a belief amongst employees that cyber security is the responsibility of the IT team. Cyber security is a company-wide responsibility that should be practiced from the boardroom down. If employees don’t see senior management upholding best practice, they won’t be inclined to follow.

Cyber security has become too broad for it to be left to be dealt with by a single department. Every member of your team has a role to play in helping to foster a strong security culture.

Consult with experts in cyber security

Too many organisations suffer cyber fatigue because they attempt to work with cyber technology that simply is not suitable for a business of their size – or they misunderstand the level of on-going management required for the technology to remain effective. Many security systems generate a huge number of alerts which then need to be investigated.

To help reduce cyber security fatigue, seek the advice of security experts before making new investments and, if required, to help manage and monitor systems. If you do not have this kind of expertise in-house then you should work with an outside agency who can provide advice, guidance, and assistance to ensure that you are making the right investments.

Provide regular training sessions

If staff are educated about good security practices but the information isn’t presented in the right way, it can lead to them feeling overwhelmed or uninterested. It is vital, then, to offer regular training sessions and to ensure that these sessions are relevant and engaging. Sessions can be ‘gamified’ and you could consider commissioning a simulated phishing assessment to see how employees respond to a real-life scenario.

It is also important to regularly review the content of these training sessions. Cybercrime is a fast-moving and evolving challenge with new issues arising all the time – your training sessions need to be up-to-date if they are going to be useful.

Regularly review your security tools and practices

“With threats continuing to grow in both volume and sophistication, performing a pentest to understand how an attacker might breach your business’ defences and the appropriate action needed to address the risk is an important part of effective cyber security.

Insecure network configurations, authentication problems, as well as flaws in application source code and logic, are just three in a long line of underlying vulnerabilities that could be exploited by criminal hackers. With your organisation’s attack surface continuing to grow, keeping out the bad guys is an uphill struggle.” Redscan, 2018 Computing Security Awards Winner

Cyber security challenges are constantly changing, with new risks evolving and others becoming less relevant. So, one of the most important ways to reduce cyber security fatigue is to know when to conduct the most relevant activities, and to ensure that your efforts remain effective.

You may also benefit from investing in new technologies that can minimise the risk of cyber fraud – reducing cyber fatigue by removing some possible attack surfaces. A great example of this is esignature software which allows for individuals to electronically sign documents, giving them authenticity and the protection of a full audit trail, making them harder to forge.

Learn from mistakes of other businesses

It is important for organisations to learn from the mistakes of others. Do not ignore reports of breaches in the news – these can be some of the most useful case studies. Should a new type of social engineering scam be reported, for instance, ensure you should train your staff about how to identify the warning signs.

When a type of attack is successful against a business then it likely to be repeated against others. This is why it is essential to raise awareness of the dangers.

Six Security Strategy Tips for Your SME

StrategyDriven Risk Management Article |Online Security|Six Security Strategy Tips for Your SMETo ensure that your SME is protected from security threats, there are various strategies that you can implement. Your business could suffer from financial loss if security is breached, whether it is online and computer security, through employee errors, or the security of the building in which your business is based. Staying ahead of the latest security development in your field is essential, and could help to ensure your company has a future. Here are six security strategy tips for your SME.

1. Network Security

There are an increasing amount of security threats to your business that come from the internet, and one strategy you can use to protect it is to make sure you have good network security. This means using different layers of protection, such as anti-virus software that can stop computer systems being affected by malware.

2. Password Protection

Make sure you have different passwords for the area you need to log on to online. If a hacker were able to get access to your password, then it would only be one account affected rather than the rest of them that have the same password. Change your passwords regularly, and use a combination of letters, characters, and numbers, so they are not easy to guess.

3. Updated Software

If you do not regularly update your software, it leaves them vulnerable to attack, and they are not equipped to deal with the newest forms of cyber threat. When you update, it repairs any weaknesses that hackers could use to infiltrate your systems. Sometimes it is not convenient to update, especially when you are in the middle of a task. However, it is not something that should be overlooked.

4. Don’t Click Spam Email Links

Any inbox gets its fair share of  and they are not always easy to spot. However if they come from an address that seems to have lots of letters and numbers in it or the title doesn’t look like something usually sent to your business, avoid opening. If you do have to open an uncertain email, never click on any links it contains as it could be malware.

5. Use Encryption

Encryption makes it difficult for hackers to make sense of any information they steal, as an encrypted file will look like a string of nonsensical code. This adds another level of security for your business.

6. Train Employees

If your employees use laptops or have work stored on other devices, make sure they are aware of the dos and don’ts about security. Confidential and sensitive information can be stolen if they accidentally lose their laptop, or use WiFi in public places. Keep employees up-to-date with any relevant training, and this should minimize the risk of having data stolen from your business.

Cyber-crime is increasing, so getting the right security strategies in place is essential. If sensitive data is stolen, your business could find it hard to recover. Take the right steps to avoid security threats now, and have peace of mind for the future of your company.