Enhanced Cyber Risk Reduction: Top 7 Considerations
With cyber threats lurking around every virtual corner, it's crucial for businesses and individuals to stay one step ahead in the game. Rapid detection is absolutely essential.
We can’t stress enough how important it is to consider cyber risk proactively. Don’t wait until it’s too late to enhance your cybersecurity framework and secure your network from potential attacks. Here is a list of our top things to think about as you develop your organization’s proactive cybersecurity plan!
1. Customize Your Cybersecurity Incident Detection
Off-the-shelf solutions may be convenient, but custom incident detection systems are like tailored suits for your digital armor. They offer better precision, increased accuracy, and the ability to adapt your solutions to your organization’s specific security landscape.
An excellent example of how important having a tailored solution is to keep your organization secure is a client operating a cruise line that we worked with. The complexity of the infrastructure of the number of systems in place to navigate a cruise ship isn’t something that most passengers give much thought to, but it is absolutely critical for the safety of all aboard.
Just like the intricate industrial control systems (ICS) present in energy, transportation, nuclear, utility, and water plants, which are operated using supervisory control and data acquisition systems (SCADA), cruise ships rely on marine SCADA systems to effectively manage and regulate their various onboard systems. That’s why this company wanted to work with a managed security service provider to ensure that their specific needs and concerns regarding their security systems were met, we found that there was limited network visibility which could have left their vessels open to unforeseen incidents causing irreparable damage both physically and reputationally. Good thing they thought ahead and created a custom solution!
Related Content: Case Study: Using Cybersecurity Risk Management Techniques to Improve the Security Posture of a Major Cruise Ship Line
2. Risk Reduction Doesn’t Have to Be Boring
Risk reduction doesn't have to be as exciting as watching paint dry. It can be a thrilling journey if you have the right mindset. Our engineers frequently use gamification systems to ensure that they are ahead of the curve for risk identification, and it keeps them on their toes.
By incorporating game-like elements, such as leaderboards, challenges, and rewards, risk reduction becomes an engaging and interactive experience. Rather than viewing it as a dull chore, individuals and organizations can now approach risk reduction as a thrilling journey toward victory.
Gamification motivates participants to actively participate in risk-reduction activities, fosters healthy competition, encourages collaboration, and boosts overall engagement. With gamification, risk reduction becomes an enjoyable and empowering endeavor, empowering individuals to navigate the cyber landscape with confidence and enthusiasm.
3. Rapid Detection and Response: The Need for Speed
Cyber threats move at the speed of light, and a slow response can lead to dire consequences. Rapid detection and response are imperative. Having a cybersecurity strategy in place that has contingency plans to thwart cyber attacks swiftly and effectively can help your cybersecurity team react as quickly as possible whenever a threat is detected.
A delayed detection response increases the risk of unauthorized access, data breaches, and system compromise. Rapid detection allows organizations to quickly identify and respond to threats, minimizing the potential impact and reducing the window of vulnerability. By prioritizing speed in cyber threat detection, organizations can effectively mitigate risks and safeguard their digital assets from devastating consequences.
4. Cultivate a Cyber-Aware Culture
Employees are often the first line of defense against cyber threats, and their awareness and vigilance can make all the difference. By fostering a cyber-aware culture, organizations empower their employees to recognize potential risks, identify phishing attempts, and practice safe digital habits. This heightened awareness translates into a proactive approach to cybersecurity, where every individual becomes a guardian of valuable data and assets.
Moreover, a cyber-aware culture promotes a sense of shared responsibility and accountability within the organization. When employees are educated about the potential consequences of cyber attacks and understand their role in preventing them, they become active participants in maintaining a secure digital environment.
By emphasizing the importance of strong passwords, secure data handling, and regular software updates, organizations can foster a collaborative atmosphere where employees actively contribute to the overall cybersecurity posture. A cyber-aware culture also encourages open communication, allowing employees to report suspicious activities promptly, ensuring swift action can be taken to mitigate potential threats.
5. Don't Neglect the Basics
Hand in hand with nurturing a culture focused on cybersecurity, part of a successful cyber risk reduction plan involves getting back to the basics. While we all love to focus on innovative solutions and new technologies, sometimes the most issue-critical things we can do are incredibly simple. For example, when is the last time your organization went through comprehensive software updates?
Strong passwords, regular software updates, and robust firewall protection are all traditional cybersecurity best practices that in today’s fast-moving cybersecurity environment can sometimes become overlooked. When you work with Compuquip, these are some of the first things that we will audit when we evaluate your cybersecurity strategy and ensure you are going to minimize risk to your network and your hardware endpoints. Remember the old adage, KISS: keep it simple, s*****!
6. Continuous Monitoring and Evaluation
Cyber threats are constantly evolving, and what worked yesterday may not work tomorrow. That’s where continuous monitoring can help. Continuous monitoring for risk management helps organizations maintain a constant bird’s eye view of their entire IT infrastructure. That means potential threats can be identified way before they become even a tiny speck of a problem.
We recommend the adoption of monitoring tools that provide real-time insights into potential vulnerabilities and emerging threats to all of our clients and partners. This technology can help with identifying changes in the overall IT environment, and configuration errors, and allow cybersecurity teams to implement corrective actions as soon as possible.
Related Content: What You Need to Know About Cybersecurity Risk Assessments
7. Collaboration and Knowledge Sharing
Cybersecurity is a team sport, and collaboration is key. There are a number of cybersecurity frameworks that can help organizations with proactive cybersecurity threat planning that are based on the collective efforts of many groups of experts. An example is the National Institute of Standards and Technology (NIST) cybersecurity framework, published by the US government agency that outlines existing standards, guidelines and best practices for guidance.
Another thing your organization’s IT/cybersecurity team should consider is participation in industry forums, sharing best practices, and staying up to date with the latest trends and developments. By working together and learning from one another, we can collectively stay ahead of the cyber adversaries.
Overall, we highly recommend considering partnering with a managed security service provider to ensure that your organization stays ahead of any cybersecurity threats. Cyber risk reduction is an excellent goal for any organization, no matter the vertical.
We’d love to connect with you to discuss how we can help your organization get ahead of any risks! Contact us now to learn more about how we can ensure your organization is covered before the worst happens.