With technology changing so rapidly and cyberattacks on the rise, businesses simply can’t afford to be complacent when it comes to cybersecurity. Even if you’ve put in the effort to install the latest firewall and antivirus software in your system, don’t go putting your feet up just yet. To help you make better decisions when it comes to your cybersecurity, here’s our list of the top five cybersecurity mistakes you need to avoid.
Underestimating the Threat of Cyberattacks
As the world of technology evolves so do the strategies used by hackers, but it can be easy to fall into the trap of thinking “that will never happen to us”. Knowing the strength of your enemy is important.
- Cyberattack strategies and technology have evolved over time and sophisticated tactics are being developed to counter the most high-end cybersecurity software. Hackers can attempt to infiltrate your organisation by brute force or by luring you into devious traps. Despite having sophisticated firewalls and virus software in place, some sneakier hacks can take months before discovery.
- There is a common misconception that hackers won’t be interested in targeting small and medium sized businesses, thinking that they would have little to gain in comparison to attacking larger firms – but, unfortunately, small and medium sized businesses are just as at risk to cyberattacks.
- Cybercrime is a really big business and these cybercriminals aren’t fussy where the funds come from – smaller businesses can be just as lucrative. Often smaller businesses will invest less budget on cybersecurity which means they are easier targets.
Don’t make the mistake of underestimating the threat or the impact of cyberattacks on your business.
Lack of Cybersecurity Strategy
Many businesses these days invest significant IT budget in fortifying their cybersecurity but unfortunately, there are some who fail to realise the importance of having a cybersecurity strategy. Businesses think they are protected from cyberattacks because they have anti-virus software installed.
- Cybersecurity isn’t just about installing anti-virus software.
- Every business is different, so it’s important that you have a robust cybersecurity strategy in place that aligns with your business goals, protects your assets and fits in with your budget.
- Do you know what impact a cyberattack might have on your business and what it might cost you due to downtime, data loss or damage to your business reputation?
- Do you have a plan for not just protecting your business but also recovery in the event of an attack?
Planning out a cybersecurity strategy with your trusted IT experts enables your business to be adequately prepared and protected from cyberattacks.
Disregarding Insider Threats
While cyberattacks can originate from external sources trying to infiltrate your organization, more often than not, these threats lay under your own roof and come down to human error. For example, Doris in Accounts might click on a link in a suspicious that ends up infecting your system with malware, or Bob in Procurement might accidentally delete a folder full of important company data.
- Businesses that allow their employees to access company data from their own personal devices (or ‘BYOD’) could be more at risk to cyberattacks without having a BYOD policy and sufficient cybersecurity in place.
- It’s also really important to carefully manage user privileges and what each staff member has access to.
There are definitely ways to manage the human factor that can lead to breaches of cybersecurity, but it is a risk that shouldn’t be underestimated and needs to be factored into your cybersecurity strategy.
Overconfidence on Current Cybersecurity Measures
You may have installed cybersecurity protection, but how regularly are you reviewing your cybersecurity strategy and measures? Technology is advancing at such a rapid rate and hackers are finding new ways of infiltrating networks each and every day, so it’s important your cybersecurity strategy is regularly audited to ensure your systems are providing the highest level of protection for your organization.
- With advanced cyberattacks more coordinated that ever before, we use and recommend a Sophos cybersecurity system which uses “synchronized security” to coordinate endpoint protection network, mobile, Wi-Fi, email, and encryption products so that they are sharing information in real time and responding automatically to incidents.
- But, even being extremely confident in Sophos’ ability to provide the latest and greatest security measures, we regularly review our cybersecurity strategy to ensure it’s all working as planned and that we have the highest level of cybersecurity in place for our business.
Making the mistake of not having an adequate cybersecurity strategy in place, underestimating the real threat and cost of cyberattacks, not understanding the human factor in cybersecurity and being overconfident in your existing security measures are risks you can’t afford to take. Whether you are a business across Australia or a business looking for cybersecurity in Brisbane, talk to us today about up-levelling your cybersecurity systems and creating positive change in your business, today and into the future.