Business owners and managers need to have cyber-risk management on the top of their priority list. Cybersecurity is not just about compliance. Yes, your business is required to protect and secure sensitive data, but it is as important to think of cybersecurity as a great asset for your organization. In this post, we are sharing top 5 cybersecurity mistakes that must be avoided, for vulnerability management and prevent security breaches.
- Believing your business is safe
Some of the biggest brands and companies have been victims of cyberattacks, and there are enough reports citing that small businesses are also on the target list of hackers and cybercriminals. If you think yours is a small company that will not be attacked or targeted, you are already making an expensive mistake, because inevitably, you will let your guard down. In fact, despite the best measures, no business is entire immune to hacking.
- Not spending enough on employee training
If you really want cybersecurity measures to succeed, you have to spend on employee awareness training. Your employees are on the frontlines, because they are the ones managing IT resources, networked devices, IP cameras and all other assets. Even a small malware download can have a domino effect within an organization. In case you don’t have an employee training program, you are already losing the ground.
- Not using services of the security community
Even many emerging companies and startups are relying on bug bounty programs to find flaws, bugs and issues within the security perimeters. Ethical hackers can help in finding cybersecurity vulnerabilities that are otherwise not found through regular methods, such as penetration testing. Your company needs to spend on running a bug bounty program, or engage ethical hackers in some manner.
- Not using firewalls and network segmentation
All networked devices must be placed behind firewalls, and this includes even personal devices of employees that are being used for work. Network segmentation is as important. This is the process of dividing the existing resources into subnetworks, so that a breach or compromise on one doesn’t impact others.
- Not focusing enough on password protection
Passwords must be secure, complex and saved on a password management tool. Employees should be encouraged to review and change passwords on a regular basis, and as needed, additional means of security, like multifactor authentication should be considered. Also, for password protection, it is necessary to avoid reusing passwords, no matter how complex, and all default ones should be changed immediately.
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