Businesses must strengthen their defenses to protect data, one of their most precious assets, as the frequency of cyberattacks rises. Before taking action to close these gaps, they must first identify where their vulnerabilities are.
The 10 cyber security gaps that organizations encounter were highlighted by Paul Jackson from Kroll during the webinar "Tales from the Dark Web".
Lack of preparation
Organizations can no longer afford to be unprepared given the frequency and complexity of cyber crises both locally and globally. Before a breach happens, organizations must test their defenses and be prepared to act when necessary. Organizations will struggle to get back to business if they don't prepare for and react swiftly to breaches.
Unforeseen dangers
Businesses need to be aware of risks if they want to be ready for cyberattacks. Knowing your opponent and your resources is essential. Organizations can receive information from the Dark Web to know where their vulnerabilities are. Additionally, businesses can also consider staying up to date on the most recent cybersecurity developments.
Is there still time?
Attackers may have gained access to a company's network and are now only waiting for the appropriate moment to strike. To intercept these efforts and prevent attacks from happening, it is essential that organizations engage in active threat hunting. If adequate monitoring systems are in place, active threat hunting can be conducted, as can searches on the Dark Web to find any organizational weak points or exploited regions.
Absence of supervision
Organizations must make sure they have the appropriate monitoring systems in place in order to guarantee that dangers are discovered as soon as possible. To reduce the organization's susceptibility to assaults or fraud, abnormal behavior on the network and endpoints must be detected early.
Open to fraud
Processes that require human interaction will be more susceptible to fraud and abuse. These organizational processes could be jeopardized without adequate monitoring.
Home/ travel/ mobile security
Employees frequently work outside of the office or on the go in today's organizations. This means that any type of cyber security used by the company must extend outside the boundaries of the office. Employees must be informed about the hazards and the appropriate reaction procedures, and mobile devices and computers must be safeguarded.
Vendor/ Third Party Risks
It is crucial to verify that the third parties and vendors you engage with have strong cyber security procedures and policies in place, in addition to the organizations' systems and personnel. To guarantee that attackers cannot use these gaps to enter the organization's network, organizations should implement a regular and organized approach to review and assess the security standards of these external parties.
Incident Handling
When accidents do happen, organizations must make sure they handle the crisis effectively. To ensure that everyone is aware of their duties and responsibilities, a comprehensive crisis response plan should be established and well-practiced during "quiet times." Mismanaging incidents can have a significant financial impact and also produce reputational harm that may be difficult to repair.
The Internet of Things (IoT)
A once isolated attack is now a far more serious problem thanks to the IoTs' growing connection across systems and devices. Attackers might be able to employ a simpler "door" to get access to a specific system. Monitoring this is challenging, and given how quickly things are changing, turning off systems and devices is not even an option.
People risk
Employees can be both a company's weakest link and its best line of defense. A dishonest employee could sell client information or even give hackers access to the company's network. An uninformed worker can even unintentionally provide an "open door" for attackers. An organization's first line of defense, however, is an employee who is knowledgeable about the risks and the warning indications of a breach. Make sure that staff members are aware of the dangers and possible solutions.
Here, the cliché "prevention is better than cure" is extremely applicable. Every organization, no matter the size, needs to be ready for cyberattacks. Organizations will avoid significant expenses and catastrophic reputational damage if they can recognize and halt these attacks before they occur. You can even consider taking prevention efforts a step further by investing in cybersecurity insurance. Contact me at 96891153 to learn more.
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