Cybersecurity and Ransomware – Best Ways to Protect Businesses

 

Cybersecurity and Ransomware

Cybersecurity
has always been controversial, and with the recent increase in the number of
ransomware attacks, it has become all the headlines. Nearly 66% of companies
faced this software threat in the past year, creating a state of panic and
anxiety in many companies.

The
ransom amounts spent by companies after being exposed to ransomware range from
$294,000 to $2.9 million. Therefore, all companies need to take stringent
measures to improve their cybersecurity.

The current state
of cybersecurity

System
protection and anti-virus programs are the most widely used technologies to
protect digital data, but they are not able to provide complete protection in
light of the continuous development of current hacking and piracy software.
Cybercrime perpetrators continue to develop new ways to penetrate enterprise
systems, as many of them have succeeded in bypassing traditional security
measures.

Companies
incur losses amounting to $1.4 million on average to recover from any security
breach of their systems, and this takes approximately 30 days. Some small
companies may not be able to continue their work after being exposed to a cyber-attack,
unlike most large companies, which are often able to recover faster and more
smoothly.

Adopting
a strict strategy to limit security breaches is difficult to achieve in light
of the increasing spread of remote work and the hybrid work method that
combines the traditional method and remote work.

Cyber ​​security
strategy

Cybersecurity Strategy

A
robust security strategy provides comprehensive protection for your data using
different recovery methods that will protect your company from security
breaches for the next five years. Here are some of the basics of this strategy
to protect your business:

Research

Continuous
and comprehensive research is a cornerstone of any successful strategy.
Therefore, it is necessary to comprehensively analyze all hacking, fraud and
ransomware programs related to your field of work to overcome any potential
danger. In addition, you must follow competing companies that have been
subjected to a security breach and analyze this threat so that you can build a
strict security strategy, and do not forget to schedule a research mission
periodically to keep your company at the forefront.

Employee training

It
is necessary to involve your employees in your electronic security strategy and
inform them of the methods that must be followed to protect your company’s
information, in addition to obligating them to a clear work policy. Documenting
these methods in work policies will limit the occurrence of any threats within
the organization, and of course training employees is always an essential
factor that cannot be neglected.

Internet security

Having
a dedicated security program is crucial to protecting your company from cyber
threats and ransomware. Security software acts as a security layer between your
internal network and the Internet, and must be installed on the devices of
remote employees. Most companies do not do this, even though the remote work
environment is one of the environments most at risk of a security breach. You
must ensure that there is a VPN and security program dedicated to your company
on the devices of employees who work remotely.

Create backups

Having
a post-breach plan is a no-brainer because a cybersecurity strategy cannot be
100% perfect. Creating frequent backups of your company data means that you
will be able to continue your business even if security systems are compromised
at some point. It is advisable to automate the backup process frequently to
have consistent data and avoid any human errors. If you cannot do this, copy
manually at least once a week.

Change passwords

It’s
obvious but often overlooked. Therefore, every employee should change their
passwords every three or four months, and these passwords should have a certain
level of complexity by avoiding general passwords such as birthdays, people’s
names, and other passwords that can be easily guessed.

The principle of
distrust

an illustration depicting the principle of lack of trust in the workplace

The
principle of lack of trust has recently become widespread in various areas of
work. This principle focuses on questioning the identity of any technology or
program that attempts to communicate with the company’s internal system. If an
employee needs access to a specific system or application, you should verify
that this is necessary.

As
for employees who are authorized to connect to the company’s system, you must
require multi-factor authentication when logging in to verify that only the
person in question is connected to your company’s system.

Activate spam
filters

The
spam control feature is a must, as it is possible for a virus or hacking
program to infiltrate your personal device as soon as you click on a link, and
this may be by mistake. Therefore, you should use this feature to avoid spam
messages from reaching your email or the email of one of your company
employees.

Investing in
technology

Adopting
a clear and rigorous strategy is a good start, but you will not be able to
continue without the necessary programs to implement this strategy. Here are
some electronic security programs that you should use in your company:

  Programs to monitor network security

  Information encryption and cloud encryption
programs

  Anti-virus software

  Electronic protection programs

  Digital transaction programs (Blockchain)

  Artificial intelligence programs for
protection

You
should choose what suits your field of work from these programs because using
all of them may not be necessary.

Documentation and
practical application

an illustration that represents the process of approving a cybersecurity strategy within a business environment

Approving
a cybersecurity strategy requires business policies, general guidelines, and
detailed explanations of all the issues to be considered. It is also important
to clearly define the responsibilities of each employee, and the opinion of the
people concerned must be taken into account to ensure the effectiveness of the
strategy.

Your
final step will be to conduct continuous assessments of potential risks and
adjust your security strategy accordingly. You should make proactive changes in
your strategy and make sure employees are informed of these changes through
ongoing training.

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