Cybersecurity: Control and Risk Mitigation

97% of Fortune corporations have been hit by a cybersecurity breach at least once. Cyberspace attacks cost companies billions of dollars a year! You can go through private equity cyber security blog content from TriadaNET to understand how you can take care of risks on time and minimize losses in the future.

Cybersecurity – What You Need to Know to Effectively Protect Your Business from Cyber Attacks

Because of the magnitude of the loss, as well as the magnitude of the risk posed by a potential cybersecurity breach, this area has long since ceased to be a prerogative of IT departments and is discussed by the boards and supervisory boards of companies. Statistics show that 70% of top managers make decisions related to IT security. This is a responsibility that cannot be avoided today. Therefore, it is worth preparing for a discussion of IT security in advance.

Safe Travel to Cyberspace

It is only a matter of time before a serious breach of the security of a company’s IT systems is made. The statistics are relentless: sooner or later, every business will suffer a hack or failure due to a security breach. Therefore, it is impossible to completely secure the company. The question is to postpone this moment in time and deliberately minimize the losses from the incident.

This goal can be achieved primarily through the preparation and implementation of plans in the event of a breakdown or burglary. You should undertake these activities yourself by building an internal security department or using specialized service providers.

The offer of large IT companies is very wide at the moment. It includes both simple automatic backup preparation services and comprehensive security in an outsourcing model with a turnkey backup data center. Also worth mentioning are solutions that protect:

  • Applications,
  • Web sites,
  • Online shopping.

It Security Is Not Limited to Technology Protection

This issue is closely related to the physical security of the organization, human resource management, and company culture. Therefore, cybersecurity issues cannot be considered in isolation from the strategy and business processes of the company. Increasingly, they must include communication and interpersonal relationships.

The most famous hacker in the world, Kevin Mitnick, said 20 years ago that the best way to overcome security in a company is to use more or less sophisticated social engineering techniques. Most often, they consist in choosing and convincing an employee to take actions that will allow them to disclose information about passwords to security systems and procedures. Cybercriminals use infected attachments, fake websites, and emails that deceptively look like real ones.

What Can Be Done?

In the course of doing business, you cannot ignore the threats posed by cybersecurity breaches. You should be prepared for them and constantly analyze potential threats. While a manager can never afford the luxury of giving up control and oversight, understanding a few basic principles governing IT security can provide comfort for the efficiency of day-to-day work.

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