Last Updated on January 30, 2023 by hassan abbas
Introduction
Organizations of all sizes are waking up to the threat of data breaches. Data loss is one of the most obvious dangers you face when running a business. But don’t be fooled into focusing on the prospect of a hacker breaking into your systems. There are many other ways that your organization can be compromised. As more and more companies experience crippling security breaches, the wave of compromised data is on the rise. Therefore, a company must have a dedicated IT team or Managed service provider/partner to guide the Breach Remediation and Restoration Process.
According to the statistics, hackers are highly motivated by money, and personal information is a high-value type of data to compromise. While it’s true that companies are still not prepared enough for breaches, it’s also apparent that companies are becoming more accustomed to them.
What is a data breach?
An incident of an unauthorized person bypassing cybersecurity measures to view or steal confidential information is a data breach. A data breach could take many forms, ranging from unintentional access to protected information to the deliberate penetration of a database to copy or steal corporate secrets. Sometimes, cybercriminals even try to corrupt an entire system.
A majority of 60% of cybersecurity professionals see malware and ransomware as an extreme threat to their organizations.
3 Ways Your Organisation Can Suffer a Data Breach
Cyberattack
Criminals target organizations in many ways, but their methods can be broadly broken down into three categories.
First, they can use exploits to access sensitive information. This includes things like brute-force password hacks, in which hackers visit a log-in page and use a tool that generates millions of passwords to look for the correct credentials.
The second type of cyber attack uses malware to gather sensitive information or cause business disruptions.
The third type of cyber attack is social engineering, which is different enough from the other techniques to warrant its own discussion.
Ransomware
Ransomware is more than just a nuisance or annoyance. It is a highly lucrative business for criminals, and it’s only getting bigger. This is why it is important to have a plan of action when faced with a ransomware attack. Ransomware is a type of malware that encrypts files on a victim’s computer. The attacker then demands ransom to decrypt the encrypted files.
Many companies hire risk management solution companies to avoid the release or deletion of important or compromising materials.
Malicious insiders
As we’ve explained throughout this article, employees are a major security vulnerability. This doesn’t only include making mistakes that help fraudsters access sensitive information; they might actually be the crooks themselves.
It’s hard to know how many cases of employee fraud are actually detected and prevented by organizations. But one thing is clear: most organizations don’t have the resources or expertise to investigate every incident. But in some cases, you can catch your own employees in the act. Here’s how you can spot employee fraud, how to respond to it, and what to do if it happens again. Employee fraud occurs when an employee intentionally acts in a way that is not consistent with their job duties or responsibilities.
Data Breach Prevention
1. Asset Inventory
Data breaches put a major focus on endpoint protection. Antivirus isn’t enough to stop major data breaches. If you only rely on antivirus software protection, you’re leaving your endpoints, like desktops and laptops, exposed. Your desktops and laptops can become a major gateway for breaches.
When deploying an endpoint solution, you’ll use encryption to ensure that no data is lost or leaked and that you’re in compliance with data protection regulations. A unified endpoint solution is a good option for small to medium-sized businesses that want to reduce the risk of a data breach.
2. Vulnerability and Compliance Management
As a business owner, you want to make sure your organization’s infrastructure and IT assets are secure from attacks by hackers, malware, and other bad actors. Unfortunately, hackers are constantly finding new ways to attack organizations. To ensure your organization is not being attacked. In this article, I’ll walk you through the steps of performing a vulnerability assessment and then using that information to identify areas of improvement within your infrastructure and compliance policy. Using a vulnerability and compliance management (VCM) tool or at the very least complete a vulnerability assessment will help you identify the gaps, weaknesses, and security misconfigurations within your physical and virtual environments.
Some of the benefits that will help mitigate a data breach include allowing your security team to better understand the security vulnerability risks of the environment, i.e. Threat Landscape, and priorities around what requires remediation. A good VCM will allow you to create an action plan to remediate these vulnerabilities and assign them to appropriate staff members.
Post courtesy: Cyber74, Cybersecurity Solutions Provider.
