Running a business can be an extremely stressful endeavor. It is a responsibility that should not be taken lightly, as you must guide and protect your company at all costs. To properly protect your business, you should know what to protect it from. Understanding the most common security threats is a great way to prepare yourself and your business.
Here are the three most common security threats:
Yes, we understand you might be confused with this one. How can your employees be your greatest asset and your greatest security threat all at once? Well, this depends how you treat them, how you educate them and how you hold them responsible. A disgruntled employee can very easily harm your business. That is why you must tread lightly when letting someone go or just dealing with an internal issue. Apart from always treating everyone professionally and with respect, you must conduct proper employee exit strategies to help protect your company. Having alerts and tracking devices in place is a great way to monitor if employees go rogue.
Now, what if you haven’t upset your employee or let them go, do they still pose a risk? Yes! This is where education comes into play. You most likely have policies in place for passwords on computers , what is acceptable for internet use, , etc. But if the employee doesn’t understand how their actions may put your business at risk they can’t be blamed for negligence. Properly communicating security policies, what is expected of them on company and personal technology devices and how to properly store and transport devices that have company information on them is all your responsibility.
In the last years of its life, Internet Explorer was widely known as a risk-bearing internet search tool because it had been around for so long it put itself at risk of cyber-attacks. The longer software stays around the more hackers become comfortable with it and malware is designed for it. This is why phones, computers and other devices have so many updates, to fix any bugs or malware that potentially has been created for it. Patch management is a strategy for managing patches or upgrades for software applications and technology. If your patch management is lacking, your business is in danger of a cyber-attack.
Third party service providers
So, your employees are properly trained, your policies are being communicated effectively, and you regularly update your systems, which means your cybersecurity is in check right? Well not quite… Your third-party service providers pose just as much of a a risk as your internal factors. Dealing with vendors can open up your systems to potential cyberattacks. When you start a third-party relationship for your business, you should ask that organization for their security measures. This will help gauge just how big of a risk they are to partner with. After assessing their security measures, you may adjust the relationship with them by choosing how much access they have to your networks. Not all third-party service providers need the same amount of access.
As is true for most scenarios in life, educating yourself is the first step to success. Stay up to date with other cybersecurity topics on our blog!