Every organization with a digital presence is prone to cyberattacks and incidents. This vulnerability calls for organizations to adopt preventive measures to curb the adverse effects. The global cyberattack rate increased by 28% in the third quarter of 2022, affecting both individuals and organizations. The impact of these increased attacks can lead to significant operational disruption, bankruptcy, or loss of businesses. However, building a robust cyber resilience system can manage these adverse effects. An organization’s ability to anticipate, prevent, manage, and recover from cyberattacks or other cybersecurity incidents is known as cyber resilience. It helps ensure business continuity, avoid financial losses or bankruptcy, build customers’ trust, give the organization competitive advantages, improve threat protection, and generally boost its reputation. Your organization can still deliver the intended results despite cyber challenges. However, this depends on your business’s level of information security expertise and resilience.
Steps To Building Cyber Resilience For Your Organization
No matter how big or small any firm is, security is never perfect, and cyberattack is inevitable. Additionally, an understanding of this is a giant step toward building cyber resilience. Organizations should plan for a cyberattack or security breach and prepare appropriate precautions to help prevent or minimize its effect. Read on to find nine practical ways to build cyber resilience for your organization.
1. Practice strong cyber hygiene
Like personal hygiene, practicing good cyber hygiene is essential to build resilience against cyber infections. Furthermore, cyber hygiene practices include installing Multi-factor authentication, using secure networks, phishing detection, carrying out daily backups, carrying out system updates with the latest installations, protecting user access privileges, and segmenting the network to allow you to isolate and contain malware.
2. Train employees on security awareness
Employee security awareness training is essential to building an organization’s cyber resilience. Not all employees are cyber-aware. Hence, security education can give staff the necessary training to prevent cyber threats and equip them with the knowledge of immediate actions to take when a cyber breach occurs.
3. Identification, diagnosis, and protection
Your organization needs to identify the flaws and weaknesses in its network and information system. To quickly diagnose the anomalies and potential risks, you need to put a continuous monitoring system in place. Once you have identified and diagnosed them, deploy all cyber security techniques to protect your organization from system failures and unauthorized access.
4. Build a response and recovery strategy
The quick recovery of an organization depends on the response and recovery strategy developed as part of its organizational incident response structure. To develop a reliable response strategy, your organization must devote resources to developing a thorough Business Continuity Management System (BCMS) and an Incident Response Management Program. Additionally, this will help the organization to efficiently manage risk and run smoothly even when under cyberattacks.
5. Purchase cyber insurance
Cybercriminals are developing more sophisticated tactics and new ways to access companies’ networks. In light of this, it is strongly advised that your company purchase cyber insurance to offer much-needed capital and specialized support in case an attack occurs. Cybersecurity insurance policies cover costs associated with data recovery or business disruption and help the organization reduce business and financial damages incurred by the security attack. It also provides protections for non-criminal damages like IT system breakdown.
6. Stay updated on technological advances and threats
It’s essential to stay current on technological advances and threats. You can’t defend your company if you don’t know what you’re up against. Security breaches and cyber-attackers frequently come up with new strategies for their attacks. In other words, your organization needs to stay updated about technical improvements and new cyber threats. This will help you know if your current security structure is becoming obsolete or weak against new attacks and enable you to understand how and when to strengthen your security structure.
7. Adopt advanced technologies
Obsolete gadgets, techniques, and technologies may not adequately handle the recent and more sophisticated cyber challenges. As a result, it is essential to defend your organization with the most current and robust technologies and techniques.
8. Create network segments
You have to ensure that your networks are segmented. Furthermore, do not put all your details and information in one source. Other segments can still be protected if one part gets attacked or infected.
9. Seek a professional guide for cyber resilience
The scale of threats is extensively growing in nature and technicalities and requires good security practices to mitigate or eliminate them. However, the high technicalities of the attackers make protection threats seem challenging to handle. In this case, you need to seek the service of IT security professionals who can help you set up a solid and effective security structure that will protect your organization against any form of cyber threats
Ready To Take The First Step To Build Cyber Resilience?
Copperband Technologies has fast, reliable, and knowledgeable IT support for your Middle Tennessee or Southern Kentucky company’s needs. We can help you build solid cyber resilience to reduce your risk. Contact us today! We are here to help you.