A single cyber incident can have a devastating impact on a company’s reputation and finances. Several recent attacks have proven this thesis statement. They have affected organisations worldwide, such as the Waikato DHB, Colonial Pipeline, and Channel 9, to an operational halt! Thus, high-performing companies take the initiative to develop and nurture defensive partnerships and capabilities to bolster their cyber resilience.
Today, we’ll discuss how crucial cyber resilience is for companies to achieve, how common mistakes can prevent companies from reaching it, and whether you need to work with cyber security consultants in Sydney.
Thinking It Is Merely a Possibility, Not a Reality
Cyberattacks are no longer an issue of if but of when. When it comes to cybersecurity, most organisations tend to react to problems by addressing issues only after they happen, but this reactive stance often proves too late. To respond effectively to cyber incidents, organisations need to plan and prepare before any attacks.
The best way to reduce damages from cyber incidents is to remain proactive. Avoiding risks and vulnerabilities by consulting with cyber security consultants are green flags. By doing so, businesses and organisations can react quickly and reduce damages.
Relegating It as an IT Problem
Cyber security is a threat to the IT system; it is not limited. Any repercussions from a cyberattack could devastate the organisation, such as identity theft, a DDoS attack, libel, or financial theft! Thus, the victim may face financial and reputational losses. At this point, legislative obligations may also arise if proprietary or sensitive information is leaked. Cyber security must be seen and treated as a holistic business issue, damaging social and economic standings.
Even with the best efforts from organisations to improve security posture, issues are likely to persist. Particularly, undisciplined or unaware employees will likely yield attackers an entry point into an organisation. For instance, clicking on links from a malicious email, downloading files from a questionable website, transferring funds to an unverified account, or accessing sensitive work documents on personal devices through public Wi-Fi!
It is no surprise that research suggests that 90 per cent of the data breaches in 2019 were caused by human error. It only goes to show how people are often shadowed by their naivety. Maintaining good cyber hygiene should remain the priority of all time. Employees uphold the first and last line of defence for any organisation.
Similar to a jigsaw puzzle, cybersecurity is an organisational-wide effort. Everyone plays an interconnected role, responsible for the entirety of the organisation.
The Lack of Execution
A cyber incident response plan—an official plan outlining what to do in a cyber attack—is self-explanatory. It states who should be contacted, who should be involved in crisis management, and what information should be shared with the public. However, having a cyber incident response plan does not mean that you are resilient to attacks.
You must appoint a lead responsibility for managing the plan, just as you would for any other business without a dedicated team. You must also host regular meetings to protect yourself against these tactics and from becoming yet another statistic.
Cyber attacks are part and parcel of the digital world we live in. Thus, we can no longer be reactive or lax regarding online resiliency. Prepare your infrastructure with the necessary devices and educate your employees about working in totally secure virtual spaces. The next time they happen, you’re more than ready.
Consult with Rabbon today for increased cyber resiliency. We’re cyber security consultants in Sydney that minimise digital attacks for our clients. Get started with us by visiting our website now!