Cyber Security
In today's digitally-driven landscape, cyber security is not just a buzzword; it's a critical necessity for modern businesses. Explore how cyber threats impact organisations, and learn how to best safeguard your valuable digital assets.
Understanding Cyber Threats
Cyber attacks on all businesses - particularly small to medium-sized businesses - are becoming more frequent, targeted, and complex.
Some of the most common forms of cyber attacks impacting businesses today include:
- Phishing Attacks: deceptive emails or messages sent, designed to trick individuals into revealing sensitive information
- Malware Attacks: systems are infected with malicious software to steal data, disrupt operations, or demand ransom payments
- Denial of Service (DoS) Attacks: a target's network, server, or website is overwhelmed with traffic to make it unavailable to users
- Distributed Denial of Service (DDoS) Attacks: similar to DoS but involve multiple compromised devices to amplify the attack
- Ransomware Attacks: malware is used to encrypt a victim's data, and a ransom payment demanded in exchange for the decryption key
- Man-in-the-Middle (MitM) Attacks: attackers intercept communication between two parties without their knowledge
- SQL Injection Attacks: malicious SQL code is inserted into input fields, enabling unauthorised access to databases
Cyber Security
How well is your business protecting its critical assets?
Protect your data, maintain operational continuity, and safeguard your organisation's reputation by having cybersecurity strategies in place.
What to do...
- Employee Training and Awareness: educate employees about cybersecurity best practices, including recognising phishing attempts and creating strong passwords
- Strong Access Controls: ensure employees use a secure VPN, and only have access to the data & systems that are necessary for their roles.
- Intrusion Prevention System (IPS): identify and mitigate security threats by monitoring network traffic and taking automated action when suspicious activity is detected.
- Regular Software Updates and Patch Management: keep all software, operating systems, and firmware up to date with security patches
- Multi-Factor Authentication (MFA): introduce MFA for accessing critical systems and accounts, as an extra security layer beyond passwords
- Firewalls: deploy firewalls to filter network traffic and create a protective barrier against cyber threats
- Backup and Disaster Recovery: regularly backup critical data and systems, ensuring they can be restored quickly in the case of a cyberattack or data loss incident
- Incident Response Plan: develop and regularly update an incident response plan that outlines how your organisation will detect, respond to, and recover from security breaches
Related Cyber Security Products & Solutions
Products & Solutions designed to help safeguard your data and systems against today's relentless threats.
Cyber Security use cases
Tailoring cyber security measures to specific scenarios and industries is crucial to address the unique threats and risks associated with each.
Small and Medium-sized businesses (SMB's)
SMB's often have limited resources, making them attractive targets for cyberattacks. It's essential for SMB's to implement effective endpoint protection, educate staff about cybersecurity best practices, have a robust disaster recovery plan in place, and outsource to a managed service provider if required.
Hybrid work
With the rise of remote and hybrid work, organisations need to provide secure access to company resources for remote employees. VPNs, secure authentication methods, and secure remote desktop solutions are crucial.
E-Commerce
Online retailers must protect customer payment information and maintain PCI DSS compliance. Protecting e-commerce websites from hacking, data breaches, and DDoS attacks is essential for business continuity.
Internet of Things (IOT)
Protect connected devices from unauthorised access and control by implementing network segmentation, disabling unnecessary services, and ensuring secure firmware updates. Strong access controls and regularly patching IoT devices will also mitigate the risks associated with compromised devices.
Healthcare Industry
Healthcare organisations deal with extremely sensitive patient data, making them prime targets for cyber attacks. This risk can be mitigated by encrypting patient data records, implementing strict access controls, conducting regular audits to identify gaps in network & infrastructure, and educating staff on best cybersecurity practices.
Finance
Financial institutions must ensure the secure processing and storage of payment card data while adhering to strict regulatory standards like PCI DSS. Measures include data encryption, network segmentation, access controls, and advanced fraud detection to safeguard customer assets and maintain compliance.
Cyber Security Insights
Cybercrime will cost companies worldwide an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015.
493m
ransomware attacks were detected by organisations worldwide in 2022
3.4b
Phishing remains the most common cyber attack, with approximately 3.4 billion daily spam emails
$4.35m
The global average data breach cost was $4.35 million in 2022
43%
of cyber attacks are aimed at small businesses, but only 14% are prepared to defend themselves
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