With the rapid move and development of the internet, many businesses adopted modern technologies to get an advantage and better customer service against their competitors. The COVID-19 pandemic played a big role in moving online as well. Over the past year, 65% of people worldwide report spending more time online than ever before. With such a high percentage, this boosted the cybersecurity threats to everyone, including businesses
Let’s have an overview of the five weakest links to most organizations
1. Human factor.
Companies tend to invest heavily in cybersecurity, including VPNs, encryption, anti-virus software, and so on, but they often underestimate the importance of cybersecurity training for employees. Meanwhile, about 95% of breaches are blamed on human error. Hackers know this, so they exploit employees as a touchpoint to get sensitive data using phishing emails and malware, and their methods are getting sophisticated. That’s why it is impossible to establish reliable cybersecurity without educating employees on the critical cyber risks.
2. Weak passwords.
Cybersecurity experts recommend creating strong, unique passwords for every account and never using the same one for different applications. To create a strong password, it must contain not less than ten characters and include uppercase and lowercase letters, numbers, and symbols. Additionally, ensure that all business-related accounts are secured with two-factor authentication. Ensure that all your employees understand the danger of reusing passwords from their personal online accounts for any of their work accounts. A good idea is to implement a practice of changing employees’ passwords every 30 – 60 days.
3. Poor update management.
The importance of keeping software up to date is undisputable. Software developers never stop improving their products and releasing patches that aim to reduce cyber risks as hackers use more sophisticated methods for their malicious actions. Though updates take time and require some effort, they can help you avoid getting hacked. Remember that patching is important to protect vulnerable IT systems.
4. Indirect threat.
Many businesses face a problem because it is not just their cybersecurity that they have to worry about: they also have to consider the cybersecurity protocols of their business partners and software providers. A supply chain attack is not a new cyber threat, but it has been used widely in the last couple of years. By compromising a supplier, hackers can hijack its systems to turn any application they use into a Trojan horse. With one well-placed code, they can create a threat to the networks of a supplier’s customers—sometimes with hundreds or even thousands of victims. The most well-known victims of this type of attack are Solar Wings, with at least 18 000 customers and vendors affected, and USAID.
BYOD (Bring Your Own Device) is an increasingly popular practice that many businesses embrace because it gives flexibility, the opportunity for remote work, and quick access to any data your team members might need. However, some organizations embrace BYOD without fully considering the security risks. Employees’ devices are unlikely to have the same level of security as corporate ones and may be significantly easier to compromise. Companies choosing BYOD should ensure they have a strict cybersecurity policy to ensure all employees follow.
Remember, nobody can guarantee a 100% reliable cyber defense, but it is possible to mitigate risks and minimize the consequences of the potential breach. A must, in this case, is investing in the regular employees’ education and collaborating with a reliable MSP experienced in cybersecurity. Check our cybersecurity services out to bring your cybersecurity to a different level!