5 Significant Cyber ​​Security Risks Businesses Should Consider

In recent years, it has been observed that many companies have been rapidly affected by various types of cyber attacks. Businesses continue to be under great pressure and are struggling to keep their information safe and secure. Listed below are some of the common security risks that businesses continue to face:

1. The human factor and people’s reactive mindset: Employees working in the company could form the main base for cyber threats, as they are more likely to open phishing emails or download links that could turn into malware. Also, senior management or people at the C level will be less likely to become malicious insiders. Because of this, a serious concern of privilege abuse by lower-level employees becoming malicious insiders is more common, and steps need to be taken to overcome this problem.

2. Password protection measures play a vital role: Businesses must be extremely aware that they must maintain all important business accounts with two-factor password authentication so that it cannot be easily hacked. This password should be effectively changed and maintained once every 30-45 days to keep it more secure and away from any security attacks.

3. Outdated infrastructure and drastic patch management required: In addition to the above security risks, hardware can also be a major issue, as the life cycle of most devices is getting shorter and shorter these days. Buy only new hardware that can keep up with updates so that the aging factor can be eliminated. Recent attacks such as the WannaCry and Petya outbreaks have underscored the importance of regular software updates that need to be adopted. Even for Eternal Blue, it allowed malware to spread within corporate networks without any user interaction, making these outbreaks particularly virulent. Past incidents show the importance of protecting vulnerable systems, and patching is a key way to do this.

4. Difficulty with data integrations: It is interesting to note that the amount of data flowing through an organization could overwhelm anyone as it contains very critical information. This could be about employees, partners, stakeholders, service providers, etc. But the integration of various data sources is crucial to have a clear understanding of the various risks involved inside or outside the organization.

5. Lack of a proper security recovery plan: Most of the businesses are still unaware of the seizure risks with cyber security and lack a proper plan to overcome such situations. They need to write a plan that contains the actions that could be taken in the face of a cyber attack in order to quickly and efficiently minimize the risk and save information or other economic losses.

How can companies protect themselves?

Certain solutions like SecOps provide a superior customer experience along with strong cyber security. This security product has secure operations capabilities while focusing on providing a seamless customer experience. This specific approach to security and experience going hand in hand strikes the right balance between ease of user experience and effectiveness of security protection. These solutions cover the entire software lifecycle, from secure design through development security testing and QA, application self-protection, and product monitoring and patching. Security is an enabler of new business opportunities as well as helping to protect your company’s people, data and systems. Cloud security is achieved by following certain cloud adoption strategies with a specific focus on security and privacy to improve all operations and make them safe.