In today’s digitized world, any company and/or individual can fall victim to cybercrime. Our interconnectivity serves as a breeding ground for malicious actors who are continuously looking to exploit unsecured access points. Banks, law firms, nonprofits, schools, the government – they are no exceptions. Cybersecurity is no longer limited to the IT department, nor is it a strict technical term. Cybersecurity should concern everyone, and it is something every organization must invest in. Yet, they don’t. Some do not because there is no evident “return on investment” while others rationalize not having a large enough budget, but regardless, cybersecurity is always put on the back burner until it’s too late.

Smart businesses are investing more in cybersecurity to eliminate risks and keep their sensitive data safe. There is simply too much to lose. One exploit can cost a company millions of dollars, its reputation, and its customers. Don’t let your organization become part of the “Largest Data Breaches in 2020” list. Here’s what business owners can do to protect their data in 2020:

  1. Biometrics ensures quick authentication, safe access management, and precise employee monitoring – Verifying a user’s identity should be the first thing an employer does before granting him/her access to sensitive company data. For instance, voice recognition, fingerprint scans, palm biometrics, facial recognition, behavioral biometrics, and gait analysis are perfect options to identify whether or not users are who they claim to be. Rather than using passwords and text messages, biometrics proves to be a safe multifactor authorization method that can identify employees. Aside from facial recognition and other typical data collection methods that come to mind when we think of biometrics, behavioral biometrics can also be used to analyze the way users interact with input devices. If some abnormal activity is detected, a notification is sent to the security officer who can troubleshoot this immediately. For example, keystroke dynamics consider typing speed and the tendency to make typical mistakes in certain words to create user behavior profiles. Mouse dynamics track the time between clicks and the speed, rhythm, and style of cursor movement. These small, but significant behaviors can quickly detect whether a legitimate user is accessing company data.
  2. Follow a risk-based approach to security – Strictly following regulations will not spare your business from being targeted by malicious actors. Each industry has its own specific and hidden risks, meaning that general regulations cannot and will not address all the threats your company faces in particular. After all, cybersecurity does not have a “one size fits all” policy. Conducting a risk assessment allows employers to properly assess where the company stands in terms of cybersecurity, what its most valuable assets are (the “crown jewels”), and how to manage the security strategy accurately. From there, leadership must assess how to best secure those crown jewels since they are considered the nucleus of the organization. Proper risk assessment will help avoid fines for failing to comply with regulations or remediation costs for possible data breaches. More importantly, it’ll allow the company to continue with its core functions even amid chaos.
  3. Back up your data – An increase in ransomware attacks makes this a very valuable piece of advice. Whether your organization decides to fight back or pay up, what happens to your data in the meantime? And what happens if your data is not fully restored even when the cybercriminals promise you’ll get it back? That’s why having a full back up of your company’s data can be lifesaver. However, handling backups also requires protection, encryption, and frequent updates. To avoid insider threat, it’s wise to divvy up back up duty among several employees.
  4. Manage IoT Security – With so many digital access points – printers, computers, doorbells, fax machines, heating systems, and smart door locks, it’s important to secure all of them. Just one vulnerability can lead to an entire database to be compromised. For instance, an infected printer can allow a hacker to view all items that are being printed or scanned. And as we all know, most of those documents contain sensitive information that is not meant for public eyes. To manage IoT security, senior leadership should invest in pen-testing, end-to-end encryption, up-to-date routers and firewalls, and endpoint security solutions. IoT devices have access to sensitive information, so it would be in the corporation’s best interest to ensure that no exploits are exposed by a malicious actor.

Max Cybersecurity is prepared to guide you through these processes when your organization is ready. We recognize this all may seem technical, but we are here to break it down step-by-step and ensure that your organization receives tailored guidance and solutions. Call us for a free consultation. Don’t waste any more time waiting, you know the hackers are not!