The Importance of Maintaining Cyber Security in Business Environment

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Over the past few years, the role of technology has become increasingly inseparable from business activities. Start from storing data, doing financial transactions to maintain business communication with   colleagues and customers, companies rely on modern technology to complete all those activities effectively.

Along with the existence of advanced technologies and business activities that have become inseparable, now we have new challenges in business environment, it is about maintaining cyber security.

Why Do We Need to Maintain Cyber Security in Business Environment?

All businesses, no matter its size, cyber criminals will utilize system vulnerabilities to do their action and take the advantages. Therefore, if we are not aware about the importance of maintaining cyber security, the system vulnerabilities will be much easier to find by cyber criminals. In that case, the risk of becoming a target of cyber criminals will increase.

To maintain cyber security in business environment, the first thing you need to do is familiarise yourself with today’s cyber security threats in business environment. Here are the explanations:

1. Data Breach

Business and data are inseparable because companies generate big amount of data each day. All companies has various kinds of data, from employees to customers data and other confidential information. If we are not taking preventive steps to maintain cyber security in business environment, we have set our company to become the main target of data breach.

The right steps to maintain cyber security in business enviroment – in this case is to protect your company from data breach – we need to rely on IT security solutions that are specifically designed to protect data from cyber threats. The examples of IT security solutions for preventing data breach are Data Loss Prevention, Cloud Access Security Broker, Privileged Access Management, and Identity and Access Management. (link)

2. Ransomware

Another cyber security threats in business environment is ransomware. Ransomware is a type of malware that prevents users from accessing their system or personal files and demands ransom payment in order to regain access.

Nowadays, ransomware becomes more popular in business environment because more businesses are opting to use the cloud to store their data.

However, there is nothing to worry about it, because solutions for IT security are also adapted to combat evolving cyber threats. That’s why every company needs to rely on IT security solutions to overcome cyber threats.

The examples of IT security solutions to combat evolving cyber threats are Network Detection and Response, Vulnerability Management, and Security Information and Event Management (SIEM). (link)

3.  Social Engineering

Have you been familiar with social engineering? Social engineering is the psychological manipulation of people into performing actions or divulging confidential information.

Due to rapid evolution of cyber threats, many employees are unaware of new types of cyber attacks such as Phishing. Cyber criminals take advantage of it to launch attack. In the next article, we will present complete information about social engineering.

To avoid social engineering attacks, companies can implement Phishing Isolation.

Maintaining Cyber Security in Business Environment Needs to Start Now!

A lack of focus on maintaining cyber security can be greatly damaging to a business. If a company has become a target of cyber threats, they will face financial loss. As well as financial loss, lack of focus on maintaining cyber security threats can also cause reputational damage.

We need to ensure that all related parties in a business are always up-to-date on the latest cyber security threats and the best methods for maintaining cyber security in business environment. 

Let us implement #TechnologyattheCore and #SecurityattheCore as one of business strategies in 2021 and the coming years ahead.

References:

https://www.itproportal.com/features/the-importance-of-maintaining-cyber-security-in-your-business/

https://govcsirt.bssn.go.id/penanganan-dan-pencegahan-insiden-ransomware/

https://searchsecurity.techtarget.com/definition/social-engineering

Further information:

marketing@phintraco.com

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