2020 has been an unprecedented year for the whole world. In a bid to curb the spread of coronavirus, governments imposed nationwide shutdowns. Businesses were forced to adapt overnight as millions of workers resorted to remote work. This posed a great challenge for many enterprises as it widened the attack surface for cybercriminals.
According to a report published by Risk Based Security, a colossal 36 billion records were exposed in 2020 alone. The first three quarters of the year saw over 2,933 breaches publicly reported. Companies that disclosed data breaches included Estée Lauder, Sina Weibo, Facebook, Youtube, TikTok, MGM, Wattpad, Broadvoice, and Barnes & Noble.
In our year-end analysis, we are going to discuss three best practices for identifying potential breach points and some of the leading cybersecurity solutions on the market today.
Best Practice #1 – Perform an IT cybersecurity risk assessment
A cybersecurity risk assessment is a tool that evaluates a company’s threats, vulnerabilities, and response readiness. It is one of the foremost resources used to establish cybersecurity breach points.
The National Institute of Standards and Technology (NIST) defines risk assessments as tools used to “identify, estimate, and prioritize risk to organizational operations, organizational assets, individuals, other organizations, and the Nation, resulting from the operation and use of information systems.”
Best Practice #2 – Evaluate all entities with network access
With employees working remotely it can be difficult to know which devices are connecting to your internal network. For this reason, there is a need to appraise all assets so you can determine which ones will be granted access.
Assets to evaluate include software, hardware, IoT devices, smart devices, and IT security architecture. Each of these entities is a potential cybersecurity breach point that needs to be secured.
Best Practice #3 – Check for unpatched software
One of the most overlooked vulnerabilities of any IT system is unpatched software. Unpatched systems offer hackers a backdoor to internal networks. Attackers are able to infiltrate and run malicious code through this loophole. The U.S. military has been known on occasion to warn Microsoft Outlook users to update software because of possible exploitation from foreign agents.
Innovative cybersecurity solutions for 2021
So, how then can businesses protect themselves online? Here are three dynamic products geared to help.
Pre-empt cybersecurity breaches using sophisticated Cybeta Overwatch®. This robust defense mechanism is continuously on the hunt for threats, monitoring, reporting, and issuing out real-time alerts. Mitigate risk while maximizing your returns in 2021.
Predictive breach data is an invaluable resource that enables enterprises to calculate the portfolio risk and predict potential breaches per asset within a 6-month window.
In a world where risks are hypothetical and threats real, businesses would do well to invest in some form of cyber insurance. This type of insurance permits companies to pay for business liability, customer notification, restoration of personal identity, data recovery, and costs associated with restitution of vandalized computer hardware.
To discuss these products and custom cybersecurity solutions for your business, don’t hesitate to contact us.