From Challenge to Success: Navigating Identity Lifecycle Management for Tech Companies

In today’s fast-paced digital landscape, managing user identities efficiently and securely has become a cornerstone for business security and productivity. Identity Lifecycle Management (ILM) is a comprehensive approach that governs the creation, maintenance, and deletion of user identities across an organization’s IT infrastructure. As the digital footprint of businesses diversifies, ILM plays a crucial role in enhancing security, ensuring compliance, and improving operational efficiency.

The market for Identity Lifecycle Management market was estimated at around $3-5 billion in 2023 with an expected CAGR of 12-14% over the next 5 years (Sources: Gartner, Allied, Fortune, Grand View). This growth is driven by increasingly stringent regulatory requirements like the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) . Additionally, demand is driven by escalating cybersecurity threats. In 2023, the estimated global cost of cybercrime was approximately $8.4 trillion, according to various industry reports. By 2025, this figure is expected to reach $10.5 trillion annually, as forecasted by Cybersecurity Ventures. 

Finally, the adoption of SaaS and Cloud technologies, the increasing amount of hybrid work, and the growth of IoT and connected devices, has created additional demand for ILM as organizations prioritize securing their digital assets and data no matter where their workforce may be. 

Security and Management Challenges in ILM

No matter what the industry, managing an effective ILM process presents some significant challenges to IT departments.

Complexity of Integration

Implementing ILM solutions can be a daunting task, especially when integrating with existing legacy systems. The intricacies involved in aligning ILM with various software applications and IT infrastructures demand substantial IT expertise and time. Organizations often face challenges in ensuring seamless data flow and synchronization across platforms, which can impede operational efficiency and increase vulnerability to security breaches.

Data Privacy Concerns

With the increasing focus on data protection and privacy regulations, such as GDPR, tech companies face the critical challenge of ensuring compliance. Managing vast amounts of personal and sensitive data requires robust privacy measures to prevent unauthorized access and data breaches. Failure to adhere to these regulations can result in severe penalties and damage to a company’s reputation.

Scalability Issues

As tech companies grow and their user bases expand, the scalability of ILM solutions becomes a pressing concern. Adapting these systems to accommodate new users and technologies necessitates continuous updates and infrastructure investments. Organizations must ensure their ILM strategies are flexible enough to scale efficiently without compromising performance or security. 

Unique Challenges Faced by Tech Companies in ILM

Technology companies encounter a distinctive set of challenges in Identity Lifecycle Management due to their inherently dynamic nature and rapid growth trajectories.

Rapid Expansion

One key issue is the onboarding and offboarding processes for employees, contractors, and partners, which are often more complex in tech industries due to the distributed, global workforce. Ensuring seamless and secure access management while accommodating remote work arrangements requires robust automation and real-time updating of identity databases.

Broad Software Integrations

Additionally, tech companies frequently integrate with a multitude of third-party applications, necessitating advanced inter-system compatibility and secure data sharing protocols to prevent unauthorized access and data breaches.

Software Development Challenges

Moreover, the fast-paced development cycles in tech companies introduce a continual flux of user roles and permissions that complicates identity governance. As tech companies strive to innovate and deploy new features rapidly, maintaining alignment between development teams and IT governance processes becomes critical. 

There is also the persistent challenge of balancing security with user productivity, as tech professionals often require access to a vast range of tools and environments. Successfully navigating these issues demands a tailored ILM strategy that is adaptable, scalable, and integrates seamlessly with evolving technologies.

Keys to Success in Setting Up ILM

The challenges of implementing a successful ILM program can be overcome by focusing on a few critical areas.

Automation

Incorporating automation into ILM strategies significantly enhances their effectiveness and efficiency. Automation facilitates the streamlined management of user identities throughout their lifecycle, reducing the manual workload on IT departments. This is particularly beneficial in handling repetitive tasks such as provisioning, deprovisioning, and role assignment, which are prone to human error if performed manually. 

By leveraging automated workflows, organizations can ensure that access rights are consistently updated in real-time, maintaining compliance with security policies and reducing the risk of unauthorized access. Furthermore, automation supports scalability by enabling the seamless addition of new users and systems without compromising the integrity or speed of identity management processes. Ultimately, adopting automation not only optimizes operational efficiency but also fortifies security postures, as policies can be enforced uniformly across the entire enterprise.

Upfront Planning

To navigate the complexities of ILM implementation, comprehensive planning is essential. A well-structured plan ensures that all aspects of the ILM process are covered, from data governance to system integration, facilitating a smoother transition and reducing the risk of disruptions. For example, a strong ILM process will include information gathered about each role in the company, so that when a new onboarding occurs, the new member of the workforce can have access to only the systems and services they need.

Continuous Monitoring and Improvement

The dynamic nature of cyber threats and technological advancements necessitates ongoing monitoring and improvement of ILM systems. Organizations must adopt a proactive approach, continually assessing and updating their ILM strategies to combat new threats and leverage emerging technologies. Regular training and awareness initiatives can also empower employees to recognize and respond to security challenges effectively. 

Partner with Montra for ILM Excellence

Identity Lifecycle Management is an integral component of modern IT strategies, offering substantial benefits in security, compliance, and operational efficiency. By addressing key challenges and implementing effective strategies, tech companies can maximize the advantages of ILM and drive long-term success.

Embarking on your ILM journey requires expertise and precision. Montra stands ready to guide your organization through the complexities of ILM deployment, ensuring robust security measures and seamless integration with your existing systems. Our unique software and our team of experts is committed to tailoring solutions that meet your unique needs, helping you achieve compliance and operational efficiency. Contact Montra today to learn how our solution can uniquely support you in securing and managing your digital identities effectively.

Reach out to us at info@montra.io or visit our website for more information on how we can help you succeed.

Identifying and Stopping Phishing Attempts: 5 Tactics

Phishing is a common tactic for cybercriminals to gain access to your organization’s sensitive data. Furthermore, a study by Deloitte reveals that phishing attacks represent 38% of all incidents involving cybercrime. With the increasing dependence on technology, cyberattacks have also become more sophisticated, making it challenging to detect and stop phishing attempts. As a CIO or CISO, it’s crucial to ensure that employees are aware of the risks of phishing and know how to identify and respond to these threats. Data from Cybersecurity Ventures predicts that cybercrime, including phishing, will cost the world $6 trillion annually by 2021. In this post, we’ll go over five ways to identify and stop phishing attempts in your organization.

1. Educate Your Workforce

One of the most crucial steps in preventing phishing attacks is to educate your employees. According to a report by Proofpoint, 83% of global respondents experienced phishing attacks in 2018. Cybercriminals often target employees with phishing scams, and employee negligence is the top cause of data breaches. A study by Verizon found that 30% of phishing messages get opened by targeted users. Therefore, it’s crucial to train your employees and make them aware of phishing tactics and how to recognize them. Educate your employees on how to identify suspicious emails, including typos, grammatical errors, and unfamiliar sender addresses. Training should also include the proper response in case of a phishing attempt, such as reporting to the IT department or deleting the email.

2. Foster a Security Culture

Creating a culture of security within your organization is essential in promoting security awareness and preventing phishing attacks. Encourage employees to report suspicious events, share security tips, and seek assistance when needed. Emphasize the importance of maintaining a culture of security, and make it an ongoing, high-priority effort. According to a survey by Ernst & Young, 87% of organizations identified a lack of security culture as their primary obstacle to cybersecurity effectiveness. Similarly, Cisco’s 2020 benchmark study found that organizations with a strong security culture have lower breach costs – a median of $62,000 compared to the median of $330,000 in organizations with a poor security culture. Furthermore, a study from Gartner suggests that a strong security culture helps organizations adapt to the evolving threat landscape, reducing the likelihood of successful cyber attacks by up to 50%. Finally, a study by the Sans Institute suggests that organizations with a strong security culture have reported up to a 70% decrease in phishing susceptibility.

These results of these studies underscore the importance of fostering a security culture within your organization in order to reduce the risk of cyber threats like phishing.

3. Conduct Regular Testing

Regular penetration testing and security assessments are essential to identifying vulnerabilities in your system. The 2020 CREST Penetration Testing report highlights how mock phishing attacks can help uncover weaknesses in an organization’s security protocols, thus providing opportunities for improvement. Conducting these mock phishing attacks, where employees are given email messages that mimic a real phishing attempt, can help uncover weaknesses in your security protocols. These tests enable you to identify areas of weakness and take proactive measures to prevent future attacks.

This testing has a direct impact on cost. A study by the Ponemon Institute shows that organizations employing regular security testing identified breaches 27% faster, with a 38% lower cost of response. Similarly, the 2021 Data Breach Investigations Report from Verizon found that organizations that conducted regular testing and employed an incident response team reduced the cost of a data breach by as much as $14 per worker per year.

4. Use Security Tools

According to McAfee, keeping your software updated can prevent up to 85% of targeted attacks. Your organization should leverage advanced security tools to detect and prevent phishing attacks. Anti-phishing software is an essential line of defense to safeguard against phishing scams. These tools can help identify and block fraudulent emails, websites, and other malicious content. It’s also important to ensure that the software and systems your organization uses are up-to-date with security patches and the latest updates. The Sophos State of Endpoint Security Today offers a detailed examination of how anti-phishing tools can help businesses to detect and block fraudulent emails and malicious content. Deploying up-to-date security tools and keeping software patched is a significant step in minimizing the likelihood and impact of phishing attacks.

5. Enable Multi-Factor Authentication

Several cybersecurity reports underscore the importance of multi-factor authentication (MFA) as a critical element in protecting an organization’s data including the Microsoft Security Intelligence Report and a report by LoginRadius, which both indicate that 99.9% of cyberattacks can be prevented by implementing MFA. Moreover, a Google study found that on-device prompts, a form of two-step verification, helped to prevent 96% of bulk phishing attacks and 76% of targeted attacks.

Having a robust authentication mechanism is essential in protecting your organization’s data. MFA can mitigate the risk of attacks by adding an extra layer of security. A strong password combined with factors such as biometric authentication or two-step verification can make it difficult for attackers to infiltrate your systems.

In Summary

Phishing attacks are a real threat to organizations of all sizes, and the impact of a successful attack can be devastating. As a CIO or CISO, it’s your responsibility to ensure that your organization has the necessary measures in place to prevent and mitigate these attacks. By educating your workforce, fostering a culture of security, and conducting regular testing, using security tools, and enabling multi-factor authentication, you can reduce the risk of a successful phishing attack and protect your organization’s sensitive data. For deeper insights into the severity of phishing attacks and the necessity of the measures outlined above, you might want to consult the following resources:

If you are looking for a partner that can assist you in managing the security of your workforce, Montra can help. With our software and processes, we can help you keep your business safe from phishing and other security threats. Contact us today to get started: info@montra.io or +1-404-665-9675.

Laughing at Hackers: 5 Proactive Steps You Can Take to Secure Your Laptops from External Threats

Here’s a joke that’s not funny: your company’s data was just hacked.

Shock waves, unmitigated panic, and alibis are all fair play when you as the CIO, CISO or Head of IT, wakes up to the news that a hacker has infiltrated their systems. Fingers are pointing in every direction, questions are flying, and your reputation is on the line. What went wrong? It could stem from the fact that you only protected your perimeter with a firewall – your organization thought that it was enough to safeguard its network infrastructure and didn’t think much about user devices. However, laptops are a popular attack vector for an assailant to get into your inner sanctum.

According to a recent report by Verizon, 94% of malware was delivered via email, and user devices like laptops were the primary targets. Moreover, a study by Ponemon Institute found that the average cost of a data breach in 2020 was $3.86 million. It’s vitally important to adopt comprehensive security measures to protect not only your network infrastructure but also individual user devices.

So, what steps can you take to make your laptop more secure? Here are five strategies that you can use to combat external threats:

1. Utilize Strong Passwords

According to a report by Verizon, over 80% of data breaches are a result of weak or compromised passwords. To appreciate the importance of password strength, you must reconsider that hackers have computing power, time, and nerves on their side. But with the built-in technology of a password manager, you can utilize complex sign-in credentials for every account on your laptop, making them too difficult to crack in a reasonable amount of time.

A study by the University of Virginia illustrated that using a password manager can significantly increase the strength and variability of passwords, thereby amping up security. Once in place the password manager will automatically log you in without having to recall them all. It will also send you reminders to change passwords regularly, which is only advisable if you are using a password manager.

Furthermore, research by Pew Research Center indicates that only 12% of U.S. internet users utilize a password manager for remembering their password.

2. Enable Multi Factor Authentication

Fact. You need two factors to verify an identity. The FBI has reported that multifactor authentication (MFA) can block 99.9% of automated cyber-attacks. Moreover, according to Symantec, 80% of data breaches could be prevented with MFA. Therefore, multifactor authorization is the two-in-one (or more-in-one) approach that makes certain it’s you logging into the system.

The standard approach is to think of it as something you know, something you have, and something you are – a password, a smart card, and a fingerprint. Research by Google found that even the weakest forms of MFA, such as SMS-based verification codes, can block 100% of automated bots, 96% of bulk phishing attacks, and 76% of targeted attacks.

Despite the clear benefits, MFA is underutilized, with only 57% of people using it for their personal accounts and 30% at work, according to a report by Microsoft. If utilized MFA provides arguably the most effective line of defense in securing your laptop from external threats.

3. Install Updates and Patches

New software vulnerabilities are constantly found. A study by Flexera found that in 2019, 60% of breaches involved vulnerabilities for which a patch was available but not applied. The only way to avoid being exploited by this kind of attack is to install software patches and updates. They will help to fix any known security vulnerabilities in the software you use.

Further underscoring the importance of regular system updates, the Ponemon Institute’s 2019 State of Cybersecurity in Small and Medium-Sized Businesses report revealed that 63% of respondents experienced a data breach due to a known, unpatched vulnerability. Therefore, it’s a no-brainer – keep your software updated!

4. Use Antivirus and Anti-malware software

According to a report by AV-TEST, an independent cybersecurity institute, over 350,000 new malware and potentially unwanted applications (PUA) are registered every day. This alarming number illustrates the importance of antivirus and anti-malware software in protecting your laptop.

The state of the art in defending  against attack vectors and malicious threats keeps changing. Antivirus (AV) has given way to Next-gen Antivirus (NGAV), which has been upped by endpoint detect & response (EDR). You should look into whether NGAV or EDR is right for you, it really depends on the potential damage that a breach to the individual laptop can cause. Regardless of what type you use, installing a current antivirus and anti-malware software will assist in intercepting many external threats.

5. Use a VPN (Virtual Private Network)

A study by the Ponemon Institute revealed that 68% of organizations admit antivirus solutions are not sufficient. Increasing cyber threats and a rising remote workforce, necessitates the use of secure, encrypted connections. There is a growing need for VPNs as a tool for securing internet connections, particularly when accessing public Wi-Fi networks. VPNs create a private network between a company’s network and a remote user to secure the internet connection.

In a nutshell, a VPN is vital for remote workers as it provides a secure, encrypted connection when utilizing a home connection or public Wi-Fi. In the age of remote work and digital nomads, using a VPN has gone from an optional extra to a necessary security measure.

To Summarize

Is gaining peace of mind that your end-user laptops are secure a burden for you? If the answer is yes, then these tips should aid your computing device protection game. You can’t go wrong with utilizing strong passwords, enabling multi factor authentication, installing updates and patches, using antivirus and anti-malware software, and using a VPN.

Take your laptop’s security one step further than your office firewall; take preemptive measures to make hackers regret even trying! Remember, security should always be your top priority as data breaches can have severe consequences for your organization.

If you have questions about getting your laptops secured or need a partner to secure and manage your laptops for you, reach out to us at info@montra.io or +1-404-665-9675.

Why a Cybersecurity Compliance Program is Necessary for Every Business

As a leader, you are responsible for ensuring that your organization’s data remains secure and protected from cyber threats. In today’s digital age, data breaches are a common occurrence, and the costs associated with them are staggering. Cyber-attacks can result in the loss of millions of dollars, loss of customer trust, and reputational damage that can take years to recover from. This is why a cybersecurity compliance program is necessary for every business.

According to a report by IBM, the average cost of a data breach in 2020 was $3.86 million, highlighting the dire financial consequences of inadequate cybersecurity. Furthermore, a study by Ponemon Institute found that 67% of surveyed companies experienced a significant loss of customer trust after a data breach. These statistics underscore the necessity for stringent cybersecurity compliance programs in today’s digital businesses.

In this post, we’ll explore the reasons why your business needs a cybersecurity compliance program and why you should make it a top priority.

Privacy Compliance Regulations are Becoming Stricter

With the increasing sophistication of cyber-attacks, governments and regulatory bodies are becoming more strict when it comes to cybersecurity compliance. This means that organizations are required to implement more robust security measures to protect their data. Compliance regulations, like the GDPR, CCPA or PCI DSS, have specific requirements that must be met to avoid penalties and fines. These cybersecurity compliance programs are designed to keep your organization in compliance with these regulations and to ensure that your data is fully protected.

According to the Cybersecurity Insiders’ 2020 Cybersecurity Compliance Report, an alarming 90% of organizations felt vulnerable to insider threats and data breaches. Furthermore, the EU’s General Data Protection Regulation (GDPR) has brought about stringent measures, with non-compliance penalties reaching up to €20 million, or 4% of annual global turnover – whichever is higher. In the US, non-compliance with the California Consumer Privacy Act (CCPA) can result in fines of up to $7,500 per record for intentional violations. The Payment Card Industry Data Security Standard (PCI DSS) compliance statistics reveal that only 27.9% of organizations maintain full compliance, highlighting the need for a cybersecurity compliance program to meet these regulatory requirements.

Furthermore, according to a survey by Verizon, businesses that are fully compliant with the PCI DSS framework significantly mitigate the risk of data breaches. The report states that among organizations that suffered data breaches, over 80% were not compliant with PCI DSS at the time of the breach. This compelling statistic underscores the crucial role that a cybersecurity compliance program plays in safeguarding a company’s sensitive data.

Additionally, a study conducted by the Global Cyber Alliance indicates a close correlation between cybersecurity compliance and a reduction in cyber attacks. The study found that organizations implementing compliance controls reduced their cyber risk by nearly 50%. This further emphasizes the effectiveness of a properly implemented cybersecurity compliance program in protecting businesses from cyber threats.

Protect Your Data and Reputation

Data is one of your organization’s most valuable assets. A data breach can result in the loss of confidential data, such as customer information, employee data, and intellectual property. This can seriously damage your reputation and customer trust and result in significant financial losses.

The 2020 Cost of a Data Breach Report by IBM indicates that the average total cost of a data breach is $3.86 million. Moreover, the report also highlights that companies that experienced a mega breach, where 1 million to 10 million records were exposed, could experience total costs of up to $50 million. Data breaches can also lead to customer churn. According to the same report, businesses in the U.S. that lost less than 1% of their customers due to a data breach faced an average total cost of $2.67 million, while those that experienced a customer churn rate greater than 4% faced an average total cost of $5.74 million. These numbers make it clear that the monetary and reputational costs associated with data breaches can be detrimental to any organization, further underscoring the importance of having a robust cybersecurity compliance program in place.

A cybersecurity compliance program ensures that all data is protected by implementing proper security controls. It creates a secure environment that reduces the risk of data breaches and demonstrates to your customers and investors that you take their data security seriously.

Prevent Cyber Attacks

A cybersecurity compliance program is designed to prevent cyber attacks from happening in the first place. It identifies vulnerabilities and mitigates them before they can be exploited by hackers. It ensures that all employees are aware of potential threats and know how to respond to them. It also includes a disaster recovery plan in case of a breach.

According to a recent report by the Ponemon Institute, 77% of the organizations surveyed stated that they wouldn’t be able to recover from a cyber attack due to the lack of a proper incident response plan. This alarming statistic emphasizes the significance of having a cybersecurity compliance program that includes a solid disaster recovery plan. Moreover, a study by Verizon found that 94% of malware was delivered via email, suggesting that employees, often unknowingly, play a major role in the occurrence of a security breach. This underscores the need for continuous employee awareness and training on cyber threats, a key component of any comprehensive cybersecurity compliance program.

Mitigate Financial Risks

A data breach can result in huge financial losses. The costs associated with a breach include legal fees, fines, IT costs, and a loss of revenue due to reputational damage. A cybersecurity compliance program can help mitigate these risks by implementing proper security controls, conducting regular security audits, and creating a plan for disaster recovery.

The financial impact of data breaches is staggering, and businesses without a proactive cybersecurity compliance program find themselves particularly vulnerable. The 2020 Cost of a Data Breach Report by IBM found that the average total cost of a data breach increased from $3.54 million in 2006 to $3.86 million in 2020, indicating a growing financial threat. Furthermore, the report revealed that companies took an average of 280 days to identify and respond to a data breach, further amplifying the costs involved. The annual study by Accenture also supports this, showing that the cost of cybercrime for companies has increased by nearly 30% over the past seven years. This upward trend in the financial implications of data breaches strongly emphasizes the need for businesses to invest in a robust cybersecurity compliance program.

Stay Ahead of the Competition

With the increasing threat of cyber attacks, more and more businesses are investing in cybersecurity compliance programs. This means that customers are becoming more savvy and are more likely to choose businesses that prioritize data security. A cybersecurity compliance program can give you a competitive edge by demonstrating to potential customers that you take data security seriously and that you’re committed to protecting their data.

Research supports the importance of customer trust in maintaining a competitive edge in business. A study by PwC revealed that 85% of consumers will not do business with a company if they have concerns about its security practices. This is further supported by a study conducted by Cisco, which found that 32% of customers stopped doing business with companies due to data breaches. Additionally, a survey by Experian found that 66% of adults claim that they would be unlikely to do business with organizations responsible for exposing financial and sensitive information. These statistics illustrate customers’ growing awareness and concern over data privacy and the significance of cybersecurity compliance in maintaining customer trust and competitive advantage.

In Conclusion

Implementing a cybersecurity compliance program is essential for every business. It protects your data, your reputation, and your finances. Compliance regulations are becoming stricter, and cyber attacks are becoming more sophisticated, so it’s more important than ever to ensure that your organization is protected by a robust cybersecurity compliance program. By staying ahead of the competition and demonstrating your commitment to data security, you can gain the trust and loyalty of your customers and protect your business from cyber threats.

 

 

References

  • Ponemon Institute. (2020). Cost of a Data Breach Report. Link
  • Verizon. (2020). Data Breach Investigations Report. Link
  • Accenture. (2020). Cost of Cybercrime Study. Link
  • PwC. (2020). Global Consumer Insights Survey. Link
  • Cisco. (2020). Cybersecurity Series 2020. Link
  • Experian. (2020). Data Breach Industry Forecast. Link

Cyber-readiness Strategy 12: Multi-Layer Security Strategy

Security is asymmetrical. Where businesses must plan, prepare and defend against every threat or scenario, cybercriminals only need to find a single weakness or hole in your defenses to carry out their malicious plans.

Protect your data and your business by deploying multiple security strategies together as one. By using a multi-layer security approach, you can make it much more difficult for cybercriminals to penetrate your organization and cause serious damage.

When it comes to cybersecurity, businesses cannot afford to take chances. Deploying a multi-layer security strategy is the best way to protect your data and your business from the ever-growing threat of cybercrime.

A multi-layer security approach uses multiple security measures to create a defense in depth. By using multiple layers of security, you can make it much more difficult for cybercriminals to penetrate your organization and cause serious damage.

Here are 5 tips for building an effective multi-layer security strategy:

1.     Implement Strong Authentication Measures

One of the most important components of a multi-layer security strategy is strong authentication. Authentication is the process of verifying that someone is who they claim to be. There are many different authentication methods, but the most common are something you know (like a password), something you have (like a security token), or something you are (biometrics).

Using multiple authentication factors – known as two-factor (2FA) or multifactor authentication (MFA) – is the best way to ensure that only authorized users can access your data. Requiring MFA makes it much more difficult for cybercriminals to gain access to your systems, as they would need to have possession of all the required factors.

2.     Encrypt All Sensitive Data

Another important element of a multi-layer security strategy is encryption. Encryption is the process of transforming readable data into an unreadable format. Encrypting sensitive data helps to protect it from being accessed by unauthorized individuals, even if they can penetrate your defenses.

Encryption should be implemented for data “at rest” and “in flight”. Most web services today will use secure socket layer (SSL) encryption to encrypt communication sessions “in flight” between users and the service. Data sitting on a storage device – hard drive or SSD – is “at rest” and can most often be encrypted using features the device operating system (OS). It usually needs to be activated during setup and a policy control needs to be set so it cannot be turned off.

3.     Implement Perimeter Security

Your workforce and company resources in your offices need to be protected by sophistication perimeter security techniques. A firewall controls the flow of traffic between your private network and the public Internet. It can be used to allow or block traffic based on a set of rules. This helps to protect your network from unauthorized access and malicious activity.

Intrusion detection and prevention systems (IDPS) are another important layer of security. These systems are designed to detect and prevent unauthorized access to computer networks. IDPS can be deployed as hardware, software, or a combination of both. They work by monitoring network traffic and looking for suspicious activity that may indicate an attempted intrusion. When IDPS detect suspicious activity, they can take action to block the attempt and alert the system administrator. This helps to prevent attacks before they can do any damage.

4.     Utilize Perimeterless Defense Systems

When your workforce is working outside the office, they are also outside the firewall. When this is the case, other “zero-trust” or “perimeterless” tactics need to be added. If the user’s device OS supports a firewall, it should be activated and managed by policies that can be pushed from a central authority. DNS Security – both DNS filtering and DNS encryption should be implemented to prevent users being redirected to fraudulent sites without their knowledge.

Finally, endpoint detect & respond (EDR) software should be installed on any user device to help prevent malware, ransomware or other malicious code from infecting the device.

5.     Educate Your Employees

One of the most important components of a company security strategy is education. It is essential that all employees are aware of the risks associated with cybersecurity and the best practices for avoiding them. Employees should be trained on how to identify phishing emails, spot social engineering attacks, and understand the importance of keeping their passwords safe.

In addition, employees should know what to do if they suspect that their account has been compromised. They should know how to report suspicious activity and whom to contact for help. By educating your employees about cybersecurity risks and best practices, you can help to protect your business from attacks.

A multi-layer security strategy is the best way to protect your business from cybercrime. By implementing multiple security measures, you can make it much harder for cybercriminals to succeed in their attacks.

By following these tips, you can make it much harder for cybercriminals to succeed in their attacks. Implementing a multi-layer security strategy is an essential part of protecting your business from the ever-growing threat of cybercrime. By doing so, you can help to ensure that your business is as safe as possible from the ever-growing threat of cybercrime.

So what are you waiting for? Implement a multi-layer security strategy today to help keep your business safe from cybercrime. If you would like more information or have questions about how strong your cyber-readiness is, please contact Montra at sales@montra.io.