Cyberwar on businesses has become more intense with the easy availability of Cybercrime-as-a-Service. The malicious actor constantly prowls to target other businesses’ critical infrastructure and cripple their operations.
A full-blown cyberattack on critical IT infrastructure can severely affect finances, operations, and legal litigations. The cost of successful cyber security incidents is rising continuously. Businesses are forced to implement effective cybersecurity posture and tech stack to stay secure from cyber-attacks and other cyber warfare threats. Enterprises that were victims of a state-sponsored data breach have spent a substantial amount on recovery efforts, ransoms, forensic investigations, and higher cyber insurance premium rates. Big enterprises and critical infrastructure providers are primary targets of sophisticated cyber-attacks of higher magnitude. However, regardless of size, industry, or type, organizations need stringent defense strategies based on the current cybercrime landscape.
The following are the best six strategies to stay secure from enterprise cyber-attack:
Safeguard the Entire Company’s Hardware
One of the common reasons for a successful data breach is a stolen or compromised system. SecOps teams need to consider evaluating their entire IT infrastructure and securing their devices with anti-theft technologies to minimize the risk of a data breach. Businesses need to safeguard all the existing network devices to reduce the risk of a cyber-attack.
Also Read: The Future of Cyber Warfare: Is Attack the Best Form of Defence?
Encrypt Data While in Use, Rest, and Transit
The best strategy to secure the entire enterprise data against cybercrime needs to have two crucial considerations. The first one being businesses need to protect physical access to sensitive data spread across the organization. Secondly, businesses must also render data if it becomes a victim of a successful data breach. Enterprises can strengthen their security against sensitive data by encrypting it. Cyberattacks are constantly evolving, and data encryption is one of the most efficient ways to keep data secure from all the potential cyber threats and risks. Data at any stage is insecure, and CISOs need to consider designing effective data security governance policies that keep the data secure while in use, rest, and transit. Modern enterprises need to apply data encryption tools to encrypt the data of customers, businesses, and employees to avoid potential exposure.
IT decision-makers can implement the best full-disk encryption software that can be included virtually on all the current operating systems. The top full-disk encryption solution enables the DataOps teams to encrypt the entire data on a local system like a desktop or laptop computer or server when it’s at rest. SecOps teams need to ensure that all the devices on the business network inventory need these tools to enhance security.
Back up Data in Real Time and Store It On a Different Server
Businesses can encrypt data while in use, rest, and transit; they need to ensure that all their data is backed up in real-time to strengthen their cybersecurity posture. Ransomware attackers usually target and compromise a system, gains access to it, and then move laterally into the IT infrastructure. Once the malicious actors access the critical infrastructure, they lock organizations out of their systems. Cybercriminals encrypt the organization’s sensitive data and demand a ransom to release it. Modern businesses must stay one step ahead of the evolving cybercrime industry by backing it up and storing it on a different server to avoid data loss.
Invest in cyber security insurance
The cybercriminal industry is evolving to be more sophisticated, and it replicates a legit business model because of the easy availability of cybercrime-as-a-service. Even amateur cybercriminals can execute a full-blown cyber-attack on businesses with a resilient cybersecurity posture enforced to accomplish their malicious goals. Cyber insurance is one the most effective ways that businesses can leverage to minimize the impact of a successful cyber-attack. According to a recent report by Statista titled “Cyber Crime & Security,” the estimated value of cyber insurance premiums globally will be around USD 20 billion by 2025.
“Cyber insurance premiums have risen exponentially over the last few years, and this rise has hit small businesses especially hard – almost a third of SMEs canceled their insurance policies last year,” says Lawrence Perret-Hall, Director of CYFOR Secure.
Measuring an organization’s risk and quantifying insurance premiums is far more complex today than assessing MFA deployment. Full cybersecurity audits will analyze and determine whether or not an enterprise is prepared for the situation if and when some areas of its security infrastructure are at risk. This information can give them enough insights to decide if cyber insurance is a good option for them. Both cyber insurance and proactive cybersecurity are critical to creating a more robust security posture for large organizations that are undoubtedly a key target for ransomware and even nation-state attacks. IT decision-makers can consult a cyber-security insurance expert to reduce the risk. The best cyber security insurance specialist helps enterprises to explore, evaluate and choose the best insurance types that fit the organization’s needs based on the cyber-attack risk and financial impact of a full-blown attack.
Also Read: Produce Giant Dole Shuts Down Plants Due to Ransomware Attack
Assess Potential Risks
SecOps teams must continuously risk assessments and execute penetration testing to identify the potential security gaps in securing their organization against cybersecurity risks in the cyber war on enterprises. Cyber security decision-makers can enforce red team/blue team exercises and execute other simulation tests to evaluate overall security and explore all the unpatched attack surface areas that the cyber attackers can potentially exploit. Designing and implementing a practical risk assessment and simulation strategy will enable the SecOps teams to identify potential weaknesses and make strategic changes before the threat actors use them as vectors to infiltrate the system.
Establish Stringent governance policies
CISOs should consider designing and enforcing vigilant governance policies that will help to strengthen overall security. Establishing efficient governance policies that ensure security without compromising on flexibility can be challenging and daunting. Cybersecurity teams must strategically implement a strategy involving stringent password management policies and Multi-Factor Authentication (MFA) tools. Moreover, a holistic governance policy needs adequate data protection, threat detection, and mitigation strategies to strengthen the cyber security posture.
The six strategies mentioned above will help businesses keep their IT infrastructure secure against various threats in the cyber war in enterprises.
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