What Cybersecurity Threat Keeps You up at Night?
From government agencies to technology companies, retail stores to organizations in the healthcare industry, cybersecurity breaches cause a devastating loss of data, customers, and money every year.
The constant state of threat can make a breach seem not just possible, but inevitable.
However, this doesn’t have to be the case. Citing a Forrester report of at least one billion breaches across five different industries in 2016, TechRepublic suggests that a large number of these incidents result from lack of planning.
That’s why a complete security program is essential, no matter your organization’s size or industry. It gives security officers full control over how data is handled and stored by their organization. Here are some of the ways cyber criminals pose a threat, as well as how a security program can mitigate the risks.
Mitigating Cybersecurity Threats
A hacker’s main goal is to breach an organization’s security measures in order to access data. Once this happens, the data may be destroyed, stolen, sold, modified, or held for ransom. To prevent this, every organization must assess its current systems, policies, and procedures to identify and act on potential risks.
Users of web and mobile applications are also put at risk through attacks such as injection of malicious script and session hijacking. As such, all applications should be included in security assessments and data mapping.
Outside attackers and insiders can use a litany of tricks to gain access not just to a single computer, but to your entire network, including any machines or “smart” devices connected to it. This can result in a data breach, as well as disruption of service. Securing your network can be challenging, but it’s essential to a comprehensive security program.
Cyber criminals and inside actors gain access to restricted information through accessing privileged accounts and critical systems within an organization. A key component of any security program is carefully monitoring the use of such accounts and controlling which individuals are allowed access.
While cloud-based services provide a new level of convenience, they have also created additional cybersecurity risks. When mapping out the flow of data handled by your organization, it’s important to assess the use of all cloud-based services.
Even if your organization is buttoned down from a cybersecurity perspective, you must still consider how vendors and other third parties handle data you exchange with them. Failure to do so could result in a breach that exposes your organization’s sensitive data – or that of your clients.
In addition to data being leaked or stolen, a breach poses the potential of information being held ransom by attackers, lost, or damaged. Once steps have been taken to secure all data, CISOs must work with their teams to ensure that data is always backed up and accessible in the event of a breach or outage.
Another aspect that many organizations fail to plan for are the legal ramifications of a data breach. Some industries (such as the healthcare and financial sectors) are governed by specific laws that regulate how data must be handled in order to protect consumers’ identities and privacy. Outside of such regulations, lawsuits filed due to a security breach can result in damages that total into the millions.
Addressing all of these areas through a complete security program not only gives CISOs the ability to make informed security decisions, it also helps provide concrete assessments and information that can be presented to management in order to gain budget approval to execute those decisions.
If you’re a CISO who is preparing to enter the myriad of security threats that await in 2018, putting a complete security program in place could be just the thing to help you sleep better at night.
Do you have questions about implementing a security program for your organization? Are you unsure of where to start? Contact CISOSHARE to speak with our innovative team of experts.