Cyber security relates to protecting your technology and data from unintended or unauthorised access, change, theft or destruction, all of which has the potential to expose your business to risk and the disruption of your normal business operations.
With a vast majority of these cyber security threats being detected too late or going undetected all together, it is vital that you put the people, systems, processes and resources in place to help mitigate your risk and protect your business going forward.
The first step is to:
Understand your Cyber Security Business Risks
There are a raft of different ways that your business can be affected by cyber security threats, from a small, isolated intrusion to an attack where all of your critical data is stolen, with the subsequent loss of business trust and the impact on your revenue streams.
By identifying where you are vulnerable and by determining what data is the most important to you, you can prioritise where you need to focus your efforts. That involves understanding your business objectives, defining your business processes and identifying the stakeholders involved in your successful business operations. It also relies on you recognising that improving your cyber security is not a one-time solution, but is rather a journey that needs to be taken where you are constantly looking at threats and risks, as well as looking at ways of fixing any vulnerabilities.
Once you understand the cyber security risks to your business, it is important that you:
Assign the Right Leader within your Business.
You need a high level champion from within your business who can ask the right questions and help drive change internally. That leader is also there, with the help of outside partners where required, to identify and implement a robust cyber security framework to protect you from the identified risk.
The leader is also there to help:
Train your Team
One of your biggest vulnerabilities can be your own team, who will need to be trained and made aware of cyber security dangers and industry best practice to combat them. That includes general advice such as using strong passwords, deleting suspicious emails, not using external USB sticks etc.
Often simple staff awareness and training can go a long way to help prevent your business succumbing to a cyber security attack.
With training, you can then:
Prepare your Business
Another key vulnerability is where you share your data with third party organisations. It is important that you determine how your data is being shared and make sure that those third parties have suitable accreditation in place that demonstrates to your satisfaction that they have the processes in place to keep your information secure.
One particular third party that you need to vet is your chosen IT partner as they will most likely have more access to your core data and technology setup than any other third party. Ensure your technology partner is up to speed with industry best practice, has systems in place to proactively look for vulnerabilities and has the resources needed to adapt to any new threats when they are identified.
You must also make sure that, with the help of your IT partner, you have a secure network, regularly update your software and that you keep your hardware current. Having a plan to manage patches and address your physical security will help ensure that you stay a step ahead of hackers.
Regularly backing up versions of your data to a secure external location, such as a cloud backup facility, is always a wise move. If you are attacked and your data is compromised, such as with crypto-locker, you will not have lost everything and will not as easily be held to ransom.
Lastly, it is now possible to source cyber-security insurance to cover your business should the worst happen.
By taking out cyber-security insurance, you are:
Planning for the Worst
You can never be too prepared. Work with your technology provider to put a comprehensive security incident management process in place that outlines how you will respond as a business to any successful cyber security attack. Your process will take in all elements of your organisation, from your IT and your operations team to your communication team. They all need to be taken into consideration and will need to be called on to respond to any breach of your security.
Having a pre-determined plan in place will allow you to communicate with your key stakeholders quickly and effectively and will help you protect your business information, your cash flow, your customers and your reputation at a tough time for your business.
Your plan will also include any of your contingency plans to enact once you discover a breach.
By planning for the worst, you show resiliency when you are attacked and that will help you as you look to bounce back.
You also need to ensure that you are always:
Reviewing your Cyber Security
As mentioned earlier, improving your business cyber security is an ongoing process that requires regular review to be useful. Securing your business does not happen quickly, but by starting the process now you will be a lot better off compared to organisations that are not taking the cyber security threat seriously.
Wanstor have a large, experienced team of security experts who keep up to date on cyber security threats and who can help you and your business tackle those threats.
Contact us on 0333 123 0360 or contact us online to engage with so that you can take the necessary measures to prevent costly attacks before they occur.