Cyber Vulnerability: Five Common Mistakes Firms Make

Notwithstanding big IT security budgets, global organizations are up to a big challenge. Incidents of hacking and data breaches surface far too often, undermining growing cyber vulnerabilities of companies.

From startups to multinationals —organizations of all shapes and sizes constantly risk getting swindled online as the usage of tablets, smartphones, and other internet-enabled devices proliferates in the backdrop of increased web-connectivity.

Therefore it is imperative for any company to establish a coherent cyber security policy. Very often, failure to address this matter or vagueness over this issue leads to a compromised IT ecosystem, wherein cyber crooks manage to find security gaps and attack digital assets.

We discuss some common mistakes that organizations make that invariably results in a weak IT security ecosystem.

1 Vagueness about cyber security policy:Cyber threat is one of the most feared risks among global organizations. As mentioned earlier, a growing culture of Bring-your-own-devices (BYOD) leads to a massive amount of data exfiltration. Besides, there’s also a huge risk of employees downloading potential malicious software, applications and making use of hazardous network. If compliance managers and the boards, in this backdrop, fail to clearly define a coherent cyber security policy, threats will always loom.

2 Lack of staff training:Cyber threats such as malware and phishing often stems from employees’ ignorance. It is important that staff members are trained from time to time. They are the ones who constantly access emails and use a network of devices. There is always a risk of a malicious link getting clicked or some potential dangerous file being downloaded by unsuspecting staff member.

3 Failing to make regular software updates: Verizon, in its Data Breach investigation report (2015), underscored that several breaches often stem from organizations’ failure to ‘fix’ known vulnerabilities. Cyber criminals are too canny. The slightest of security gaps now get exploited. In most cases, vendors and OEMs release regular software upgrades. Never ignore these updates.

4 Not keeping a tab on third-parties and vendors’ data management policy: In this age, more and more data is being managed by vendors, consultants, other third parties and cloud service providers. Since firms are losing control of their data, it is crucial to identify how these service providers maintain data security and backup policies.

5 Non-receptive to IT personnel:When it comes to mapping vulnerabilities in a given IT ecosystem,nobody in any organization is in as good position as key IT personnel. Be receptive to them as they identify requirements vis-à-vis IT security staff skills and risk-monitoring solutions.

ARCON is a leading enterprise risk control solutions provider, specializing in risk-predictive technologies. ARCON | User Behavior Analytics enables to monitor end-user activities in real time. ARCON | Privileged Access Management reinforces access control and mitigates data breach threats. ARCON | Secure Compliance Management is a vulnerability assessment tool.

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