Why a cyber security strategy is important in 2023
Cyber attacks are a growing threat in today's digital world, and they're only getting worse. As technology advances, so do the tactics used by cyber criminals. With more devices, networks, and data being connected, the risk of a security breach is increasing.
Since the pandemic we have seen a rise in cyber attacks. As recently as March 2023, Ferrari has been the latest high-profile victim of two separate cyber-attacks. Specifically, a ransomware attack targeting their operations and a customer data breach. It is no longer a case of ‘if’ organisations will suffer a cyber-attack, but ‘when’?
The growing threat of cyber attacks
Cyber crime is no longer limited to large companies and government agencies; even small businesses and individuals are at risk of becoming victims of malicious cyber attacks. As technology continues to evolve and become more complex, cyber criminals are becoming increasingly sophisticated in their methods and tools. Cyber criminals can use malware, phishing, and other methods to gain access to sensitive data, steal money, or damage systems.
The threat of cyber attacks is compounded by the fact that the potential damage they can cause is often much greater than the cost of the attack itself. As the cost of cyber attacks increases, it is becoming increasingly important for organisations to invest in cyber security strategies to protect their data and systems.
Developing a comprehensive strategy
Developing a comprehensive cyber security strategy should be done with a clear understanding of the organisation's objectives and goals. It must also take into account any existing risks and threats currently faced by the organisation. A comprehensive strategy should also include the implementation of a range of policies and procedures in order to protect the organisation against any future cyber attacks. These policies should include encryption and authentication protocols, data security protocols, and security awareness training for both employees and customers.
Additionally, it's important to have a plan for responding to a cyber attack once it has taken place. This plan should include measures to mitigate the damage caused, as well as steps for recovery and prevention. In order to ensure that the organisation is properly protected, it is important to continuously evaluate and update the strategy.
Protect your business and data
Preventative measures may include a multi-layered approach to security, such as using firewalls, antivirus software, and two-factor authentication. It is also important to have an up-to-date data security policy that is regularly reviewed and updated to ensure that all data is adequately protected. Reactive measures should include a plan for responding quickly and efficiently in the event of a breach, as well as a plan for how to handle the aftermath of a breach.
This plan should include a process for notifying affected customers and other stakeholders, as well as steps for restoring systems and data. By taking these steps, businesses should be able to remain safe and secure in the ever-changing cyber security landscape of 2023.
Train your employees
39% of UK businesses reported suffering a cyber attack in 2022. Cyber security awareness training teaches employees how to identify, prevent and respond to cyber threats. Consider implementing some of these best practices regarding cyber security awareness training:
Train employees on setting safe and secure passwords.
Train employees on ways to avoid malware, viruses, ransomware attacks, and phishing attacks. Most of these attacks come from email attachments and links.
Train employees on the dangers of malware.
What are the potential risks of not having a cyber security strategy in place?
Without a cyber security strategy in place, organisations are at risk of a variety of potential threats, such as data breaches, malicious attacks, and network infiltration. Data breaches can lead to confidential information being leaked and exposed, resulting in significant financial losses and reputational damage.
Malicious attacks can disrupt operations, cause data loss, and even lead to system shutdowns or outages. Network infiltration can be used to collect sensitive information, manipulate data, or even gain access to restricted systems. In short, not having a comprehensive cyber security strategy can be a costly mistake, with long-lasting repercussions.
Stay ahead of the curve
Just as you wouldn’t leave your office door unlocked for fear that your valuables would be stolen, you shouldn’t allow your data to be openly susceptible to cyber crime. There’s simply too much at stake, and the drawbacks could ultimately close your business for good.
By investing in proactive cyber security measures, companies can protect their business, data, and customers from malicious cyber attacks. With the right preparation and planning, businesses can stay one step ahead of cyber criminals and ensure the safety of their operations for years to come.
Find out more
To discuss your organisation’s cyber approach in more detail, call 0333 3209 900 or email hello@zenzero.co.uk