With almost half of cyber-attacks (43%) targeting small businesses(1), cybersecurity is rapidly becoming a top priority for all organisations – large and small. However, some businesses and industries are at higher risk than others, meaning they require a greater level of security. Find out what level of cybersecurity your business needs to stay protected.
Not all cyber-attacks are equal; and therefore, there are many different options for business owners to consider when implmenting a CSMS. The biggest questions a business should ask are:
For some industries, a cyber-attack would be inconvenient, but bearable. For others, it may lead to the closure of the business. Unfortunately, this is how hackers think too. Businesses that would experience a high impact from an incident are more likely to experience a cyber-attack, as hackers know they can demand high ransoms.
Without a CSMS, once a business’s systems are hacked or breached, the company is at the whim of the perpetrator. A CSMS not only dramatically reduces the likelihood of being hacked but can also recover all data if it is stolen. This means businesses will be able to continue to operate as usual, rather than paying out the hacker’s extortion costs for recovering data.
As hackers become more sophisticated year on year, traditional Antivirus systems alone can no-longer protect businesses from cyber-crime. It is estimated that Antiviruses only detect a compromised endpoint 47% of the time(2). However, Antivirus systems still offer an important first line of defence to protect businesses from known attacks. We include our Next Generation Antivirus system with all our packages to ensure our customers have the best Antivirus and Firewall protection available.
Our CSMS products are designed to meet the ACSC’s Essential 8 strategies for cybersecurity protection. Implementing these strategies results in businesses blocking 85% of common cybersecurity compromises.(3)
To maximise your cybersecurity, employee training is crucial. Research shows that employee training can reduce cyber-attacks by 72%(4). Training should cover both how to identify an attack, as well as how to respond in the event of a breach. Unfortunately, there will always be a small element of risk of attack. However, encrypted Daily Backups can offer a last resort option if needed. Regular cybersecurity monitoring as well as having a strong cybersecurity strategy and policy will further minimise the extent of damage caused.
“Whether through direct human errors, such as sending personal information to an unauthorised recipient, or where cyber breaches were traced back to a human compromise, employees were centrally involved in most of the data breaches reported to the OAIC in the period.”(5)
(Office of Australian Information Commissioner, Notifiable Data Breaches Scheme 12-month Insights Report 2019)
Innocent employees can cause havoc to businesses as they are often targets of cyber-attack schemes, or they are simply unaware of the consequences of their seemingly basic actions. Sadly, employees can also purposefully be the malicious cyber threat.
Fortunately, business owners can dramatically reduce accidental and deliberate employee actions via implementing a Cybersecurity Management System (CSMS), and employee training. Studies have shown that the average-performing employee security awareness program resulted in a 37-fold return on investment(6), and that training employees can reduce attacks by 72%.(7)
(3) https://www.sans.org/reading-room/whitepapers/critical/practical-implementation-australian-signals-directorate-essential-maturity-model-level-residential-university-colleges-38575 (Australian Signals Directorate)
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