The progression into the digital age is inevitable. It’s necessary to embed innovative technologies into all aspects of business, from decision-making to daily operations or risk being left behind. But how is an organisation supposed to protect itself from cyberattacks without degrading its ability to extract value from technology investments? That’s easier said than done. The rush to modernise systems and operations may introduce vulnerabilities across the business, therefore, exposing it to a great many risks. Safeguarding cybersecurity becomes a challenge. A comprehensive approach is of the essence to approach this challenge.
CIOs must use cyber initiatives to create and sustain value. Above all, it’s essential to take a data-driven approach to investment. There’s no one-size-fits-all solution. The organisation should evaluate opportunities in terms of security needs, regardless of what the competitors do. Ransomware attacks are rampant among critical organisations. A ransomware attack is regarded as a notable data breach as it compromises the security and privacy of the protected information. A preventable hack can take an organisation by surprise and affect all its customers.
What Does the GDPR Mean for Cybersecurity?
The General Data Protection Regulation (GDPR) is by far the world’s strongest set of data protection rules. It makes it compulsory for public and private organisations to protect the personal data and privacy of people for transactions that occur within the Member States of the European Union. Technical and organisational measures must be implemented to ensure that personal data is processed securely. The GDPR doesn’t specify what initiatives should be taken but rather expects the organisation to take appropriate action. In other words, it’s crucial to manage risk.
The National Cyber Security Centre (NCSC) and the Information Commissioner’s Office (ICO) have developed a set of GDPR Security Outcomes, developed in line with the following aims:
- Manage security risk
- Protect personal data against a cyberattack
- Detect security events
- Minimise the impact
Organisations must carefully consider the information the process and the security risks associated with the processing of personal data. The GDPR gives a right to claim compensation from an organisation if the individual has suffered damages. Data breaches affect many people in the UK, so there have been several key developments in litigation over the past couple of years.
Your Organisation Must Take Precautions to Prevent a Data Breach
When cybersecurity incidents make the news, it’s typically because they happened at a large multinational such as British Airways, Meta (Facebook), or Vodafone. This provides nothing more than a false sense of security. In reality, small businesses are as much of a target of data breaches as large corporations. Data breaches can occur in various businesses and industries. Larger companies don’t have to shut their doors. Conversely, small and medium-sized businesses suffer serious consequences. Examples include but aren’t limited to negative search results on the corporate brand, unexpected expenses, and becoming less attractive to new employees.
The best way to protect your organisation is to avoid becoming a victim in the first place. So, how do you do it?
Protect Your Cloud and Data
Unfortunately, data in the cloud is more vulnerable to cyberattacks than on the servers of organisations. Transition to a cloud service that encrypts your files both in the cloud and on your computers. Malicious actors can’t obtain unauthorised access to steal data or cause damage to the computing systems. Better yet, you should consider deploying a cloud access security broker (CSAB). Organisations are increasingly turning to CSAB vendors to address cloud service security risks and comply with regulations. As the workforce has become more mobile, tracking and classifying employees’ access to the cloud has become paramount.
To protect against cybersecurity threats, resort to measures such as two-factor authentication, firewalls, and antimalware solutions. The more layers of security you can add, the safer your data will be. Speaking of which, you must know where data is and going. Be precise in terms of identifying the data lifecycle and the security risks pursuant to it. From creation to initial storage, you must manage the flow of an information system’s data throughout its lifecycle. In this respect, you can use innovative tools to scan for sensitive data. If it’s located in unauthorised locations, delete or encrypt the information.
Train Employees on The Best Practices for Data Security
More than 90% of data breaches are the result of human error. All it takes is one mistake to gain access to your entire system. Get employees acquainted with data security best practices. There are several online courses when it comes to training staff in cybersecurity, and not all of them have to be paid. There’s the risk that employees will forget all about data security after having completed the course. This is why you must perform regular training sessions to keep security awareness on the top of their minds.
Learn What to Do When a Data Breach Occurs
At one point or another, someone in the organisation will make a mistake. In spite of your best prevention techniques, the organisation will experience a data breach. The question now is: How do you respond to a data breach? First things first, you must report the incident. Compile a report and send it to the relevant supervisory authority within 72 hours of the incident having been discovered. Reach out to the affected customers and make them aware of what happened. The communication should include details of the cybersecurity incident, the likely impact, how you’ve responded, and what actions have been initiated to minimise the impact of the unfortunate event.
You must continually audit and re-evaluate your efforts after the data breach has been contained. There’s no strategy you can employ that will protect you against all possible cyber threats. To put an end to existing and potential threats, review your security policies, back up data on a regular basis, update and patch software, and eliminate any weaknesses discovered. It’s necessary to prepare for the worst. People’s rights and freedoms are at risk following a cybersecurity incident.