Cyber Readiness Strategies #9 and #10

It’s becoming increasingly difficult to keep up with the cyber security threats out there. From ransomware and phishing to malicious insiders and business email compromises, there are many dangers lurking in the digital world that can affect your organization. To stay safe, it’s important to have a robust cyber readiness strategy in place. This starts with making sure your employees are aware of the threats and know how to protect themselves, but it also includes implementing technology solutions and procedures that can help you mitigate or prevent attacks. In our prior installment of this series, we touched on Continuous Network Intelligence and Security Awareness Training. Keep reading for strategies #9 and #10; Combating the Password Crisis and Don’t Skip Insurance.  

Combating the Password Crisis 

In today’s fully connected world, passwords are the first line of defense against cyber-attacks. However, they are also often the softest target for attacks. This is because many people use weak or easily guessed passwords, and they often reuse them across multiple accounts. This makes it easy for hackers to gain access to your systems if they can just crack one password. To combat this, it’s important to have strong password policies in place. This includes using a mix of letters, numbers, and special characters, as well as changing passwords regularly. This can be managed by policy on many systems so that users are forced to use strong passwords and unique passwords across systems. For some systems, these controls cannot be set, but alerts can be triggered so that IT staff will get notified when users set their passwords poorly. 

When users are forced to use difficult and unique passwords, it’s also critical to use a password manager to help users keep track of all their different login credentials. This will make it easier for your users to comply with the password policies. Some desktop browsers have a basic password manager built-in and third-party software can also be used that provides additional features like secure password sharing within groups. 

Don’t Skip Insurance 

No matter how well you prepare, there’s always a chance that your organization could be the victim of a cyber-attack. This is why it’s so important to have insurance in place. Cyber insurance can help cover the costs of an attack, including business interruption, data recovery, and legal fees. It can also help with reputational damage control if your organization’s name is dragged through the mud. 

Cyber-insurance is a relatively new area of business insurance, so there are a wide variety of cyber insurance carriers with different underwriting policies. It is important to do your research and find one that fits your organization’s needs and that is cost-effective. It is also helpful to work with cyber experts, who can help you make some small changes to your IT operation that can have a big impact on your cyber insurance costs. Implementing multi-factor authentication across all your applications and using DNS Security can have a positive impact on your risk scoring with an insurance carrier. 

These are just two more of the many things you can do to improve your cyber readiness strategy. Stay tuned for our next, and final installment, where we’ll be covering strategies #11 and #12; Reduce Supply Chain Vulnerabilities and Deploying a Multi-Layer Security Strategy. If you would like more information or have questions about how strong your cyber-readiness is, please contact Montra at sales@montra.io.  

12 Cyber-Readiness Strategies #5 and #6

If you’re like most IT professionals, you’re always looking for ways to improve your organization’s cyber-readiness. And rightly so: the stakes are high, and the threats are constantly evolving. In the 2020 Thales Data Threat Report, 49% of US companies have already experienced a data breach. Is your business ready to handle a targeted cyber-attack? But where do you start? 

Our 12 Cyber-Readiness Strategies is a great place to get started. In our continuing series on making certain your organization is cyber-ready, we have already covered developing a cyber-readiness plan, establishing policies, keeping software up to date, and requiring multi-factor authentication. 

This time we are covering Backup and Cybersecurity Compliance. 

Backup and compliance are two key areas that can make a big difference in your organization’s overall cyber-readiness. Having a robust backup process in place is crucial to maintain continuity of operations in the event of an incident. And ensuring that your organization is compliant with relevant cybersecurity regulations can help prevent costly fines and penalties. 

We will take a closer look at why these two areas are so important and offer some practical tips on how to get going. So let’s get started! 

5. Back Up Everything Valuable 

Backup may not immediately come to mind when thinking about cybersecurity. But when your company eventually experiences a cyber breach – and it is when not if – you will be happy you have backups of all your critical data. Data is the lifeblood of every business. Unfortunately, the risks and threats to the protection, privacy, and usability of that data are endless. 

Why Is Backup Important for Cyber-readiness? 

When it comes to cybersecurity, backup is one of the most important measures you can take. After all, if your data is lost or stolen, it can be difficult – if not impossible – to get it back. 

By implementing a reliable backup process, you can make certain that your data is always safe and secure. And if disaster does strike, you will be able to quickly restore your systems and get back up and running. 

 What Other Benefits Do Backups Provide? 

In addition to the security benefit, there are other benefits to implementing a backup strategy, including: 

  • Compliance with regulations: Many regulatory frameworks require organizations to maintain a certain level of data security. A reliable backup solution can help you meet these requirements. 
  • Minimized downtime: If your systems are lost or damaged, a backup solution can help you get up and running quickly. 
  • Reduced costs: By backing up your data, you can minimize the cost of data loss or corruption. 

How to Get Started with Backup 

There are a variety of backup solutions available, so it’s important to choose one that fits your needs. Here are a few things to keep in mind when selecting a backup solution: 

  • Choose a solution that is scalable, so it can grow with your organization. 
  • Protect your backups with separate login credentials 
  • Work with your IT partner to configure the solution and test it thoroughly. 
6. Don’t Neglect Compliance

In addition to backup, compliance is another key factor in cyber-readiness strategy. Compliance can help protect your organization from potential fines and penalties, and it can also help you reduce your risk of a cyber-attack. 

Maintaining cybersecurity compliance is mandatory for many organizations. While navigating and satisfying the obligations can be complicated and stressful, achieving compliance is a critical component of having a cyber-ready business. 

How Is Compliance Important to Cyber-readiness? 

There are cyber compliance regulations that apply to businesses in multiple industries, including the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS), and the NIST Cybersecurity Framework (CSF). Security and privacy are integral elements of compliance and privacy frameworks such as the General Data Privacy Regulation (GDPR) and the California Consumer Privacy Act (CCPA) should be considered as part of your compliance journey. 

Cybersecurity Compliance can be a complex and daunting task, but it’s important to remember that there are many resources available to help you. Here are a few steps to get started: 

  • Familiarize yourself with the regulations that apply to your industry 
  • Develop a compliance plan that outlines how you will meet the requirements 
  • Implement security controls to help you comply with the regulations 
  • Train your employees on cyber compliance requirements 

Conclusion 

Cybersecurity is one of the most important issues businesses face today. Cyber threats are on the rise, and businesses need to take steps to protect themselves. A backup and compliance strategy are two of the twelve components we believe to be essential to making your business cyber-ready. By implementing these solutions, your business can protect its data, ensure compliance with regulations, and mitigate the risk of cyber-attacks. 

Learn More 

Want to learn more about cyber-readiness for your business? Montra can help! Please contact us. We are happy to help you become more effective and keep your IT operation safe and secure.