Image by Gerd Altmann from Pixabay Taking into consideration that internal and external cyber threats are on the rise especially with this COVID-19 pandemic, it’s necessary for you to put all measures in place to adequately protect your data at rest, in use, and in transit. The world has got to a situation where businesses depend on data to carry out transactions. Ordinarily, the best and safest option would have been not having any data, but this is not tenable in the technology-based world we are living in. It, therefore, becomes a very important task for your IT team to come up with hardcore strategies that will ensure your data, whether at rest, in use, or in transit is secured. Cybercriminals set out to hurt your business through information theft and whether you want to believe it or not, the consequences of information theft can be utterly destructive. It’s, therefore, very important for the survival of your business, that you pay attention to how your sensitive information can be protected. Once your information has been stolen, you should gear up for identity theft. The information that has been stolen can be used for corporate or even government espionage as well as a lure…
Tag: threats
Zero-trust Strategy: How 1% Trust Could be a Mammoth Catastrophe
One basic mistake enterprises and organizations make is the premise that IT environments can be protected from malicious activities simply by making the perimeter bigger, stronger and more resilient. Also based on this premise and instead of a zero-trust, they go on to repose residual trust on employees without knowing that even 1% trust can hurt the system severely. If you have not already given it a thought, you must realize that your organization is becoming more threatened by malicious software. With the rapid increase in digitalization, you increase the number of internet connections which raises the likelihood of being attacked. If you somehow erroneously believe that you are not exposed to attacks or that you have not been attacked just like the ARC Advisory Group reported that 40% of companies surveyed stated that they have not experienced any cyber-incidents within the last 12 months, it’s very possible that you were simply were unable to identify all incidents in 2018. If you make use of more intrusion detection solutions available globally today you will be able to expose more cyber incidents than were visible in the past. You may at the end come to the conclusion that you have been…
Why You Must go For Cyber Insurance Now
Cyber insurance may sound alien or strange, you won’t be the only one having such a view. You may even frown at anybody who suggests that you go for cyber insurance and you will be right. Insurance policies are, however, not strange to businesses but going for cyber insurance sounds as if we are taking the game too far. But then, you have never thought even in your wildest dreams that you will get to a situation where the fear of cyber threats is the beginning of business wisdom. Even where you want to believe there is no need for cyber insurance, the evidence on the ground completely contradicts any such notion you may be having. Cyber attacks are not in any way relenting and cybercriminals are becoming more sophisticated and tech-savvier Jeremiah Grossman, founder of WhiteHat Security and organizer of the cyber insurance micro summit Black Hat 2019, said he believes cyber insurance will have “a profound impact on every single one of us, in every single thing that we do in this industry.” This is definitely the reason why the cyber insurance market has experienced a boom in recent years. The bitter truth is that despite the boom…