risk management Archives - Cyber Secure Forum | Forum Events Ltd
Posts Tagged :

risk management

Cybersecurity is not a one-stop-shop

960 640 Guest Post

By Steve Law, CTO, Giacom and Kelvin Murray, Threat Researcher, Webroot

Boris Johnson announced the Government’s roadmap to lift Coronavirus restrictions for both businesses and the general public earlier in February, and since then, this has provided a glimmer of hope for many across the country. However, since the start of the pandemic, the way business is conducted has changed permanently, with many workforces wanting to continue to work remotely as lockdowns and restrictions ease over time.

So, as companies relax and rules are eased, life is expected to return to a form of ‘new normal.’ But, the issues around cybersecurity are here to stay, and the gas pedal must not be eased – especially with the increased risks associated with continued remote working. 

If anything, security should be more reinforced now than ever before to ensure all aspects of a business are secure. But this isn’t the case. Steve Law, CTO, Giacom and Kelvin Murray, Threat Researcher, Webroot, detail the importance of embedding a trilogy security approach into organisations, and this is where a strong CSP/MSP relationship can be invaluable. 

The Risk Grows

Despite lockdown restrictions easing, cybersecurity risks remain and are likely to grow as COVID-19 changes the working landscape. As indoor spaces begin to open in the next few months, employees will want to venture out to new spaces to work, such as coffee shops and internet cafes – but working on open networks and personal devices creates unlocked gateways for cyberattacks to take place. Since this hybrid and remote way of working looks like it’s here to stay, businesses must ensure they have the right infrastructure in place to combat any cyber threats. 

For instance, research by the National Cyber Security Centre shows that there has been a rise in COVID-19 related cyber attacks over the past year, with more than one in four UK hacks being related to the pandemic. This trend is not likely to ease up any time soon either. And, going forward, hackers could take advantage of excited travellers waiting to book their next holiday once the travel ban is lifted, deploying fake travel websites, for example. 

Aside from the bad actors in this wider scenario, part of the problem here is that many IT teams are not making use of a holistic and layered approach to security and data recovery; which can lead to damaging consequences as data is stolen from organisations. Such issues continue to resonate strongly across businesses of all sizes, who will, therefore, turn to their MSPs for a solution. 

The Importance of a Layered Approach 

Cybersecurity is not a one-stop-shop. A full trilogy of solutions is required to ensure maximum effect. This includes a layered combination of DNS networking, secure endpoint connections, and an educated and empowered human workforce. 

The need for DNS security cannot be ignored, especially with the rise of remote workforces, in order to monitor and manage internet access policies, as well as reduce malware. DNS is frequently targeted by

bad actors, and so DNS-layer protection is now increasingly regarded as an essential security control – providing an added layer of protection between a user and the internet by blocking malicious websites and filtering out unwanted material. 

Similarly, endpoint protection solutions prevent file-based malware, detect and block malicious internal and external activity, and respond to security alerts in real-time. Webroot® Business Endpoint Protection, for example, harnesses the power of cloud computing and real-time machine learning to monitor and adapt individual endpoint defences to the unique threats that users face.

However, these innovative tools and solutions cannot be implemented without educating users and embedding a cyber security-aware culture throughout the workforce. Humans are often the weakest link in cybersecurity, with 90% of data breaches occurring due to human error. So, by offering the right training and resources, businesses can help their employees increase their cyber resilience and position themselves strongly on the front line of defence. This combination is crucial to ensure the right digital solutions are in place – as well as increasing workforces’ understanding of the critical role they play in keeping the organisation safe. In turn, these security needs provide various monetisation opportunities for the channel as more businesses require the right blend of technology and education to enable employees to be secure.

The Channel’s Role 

Businesses, particularly SMBs, will look to MSPs to protect their businesses and help them achieve cyber resilience. This creates a unique and valuable opportunity for MSPs to guide customers through their cybersecurity journeys, providing them with the right tools and data protection solutions to get the most out of their employees’ home working environments in the most secure ways. Just as importantly, MSPs need to take responsibility for educating their own teams and clients. This includes delivering additional training modules around online safety through ongoing security awareness training, as well as endpoint protection and anything else that is required to enhance cyber resilience.

Moreover, cyber resilience solutions and packages can be custom-built and personalised to fit the needs of the customer, including endpoint protection, ongoing end-user training, threat intelligence, and backup and recovery. With the right tools in place to grow and automate various services – complemented by technical, organisational and personal support – channel partners will then have the keys to success to develop new revenue streams too.

Conclusion 

Hackers are more innovative than ever before, and in order to combat increasing threats, businesses need to stay one step ahead. Companies must continue to account for the new realities of remote work and distracted workforces, and they must reinforce to employees that cyber resilience isn’t just the job of IT teams – it’s a responsibility that everyone shares. By taking a multi-layered approach to cybersecurity, businesses can develop a holistic view of their defence strategy, accounting for the multitude of vectors by which modern malware and threats are delivered. Within this evolving cybersecurity landscape, it’s essential for SMBs to find an MSP partner that offers a varied portfolio of security offerings and training, as well as the knowledge and support, to keep their business data, workforces and network secure.

GUEST BLOG: 5 tips for a winning risk management strategy

960 640 Stuart O'Brien

By Gallagher

Risk comes in many forms, with varying degrees of cost to your business and recovery times.

Here are a few items worth considering when it comes to producing a risk management strategy:

1. Take care of your people

Staff really are the most important asset within an organisation. From a risk management perspective, it’s important to ask: Are we doing everything we can to create an environment in which our people are comfortable, informed, and safe?

2. Be vigilant in the cyber world

Cyber-attacks are happening everywhere with increasing sophistication. Regardless of the activity the impact could destroy your business, so ensure you take the appropriate measures to limit the possibility of this happening.

3. Understand liability from both the personal and corporate perspective

The world is becoming a more litigious place where someone needs to be accountable for the outcome of any incident – especially when it comes to the safety of people. Does your organisation have appropriate measures in place to understand what this might mean for you? Look at your policies and processes to ensure that you have an effective program in place in the event that something happens.

4. Focus on the important things

It’s easy to say “measure, analyse, assess, and mitigate” for every possible risk, and you won’t have any problems because everything will be covered. However, in reality, it is a lot more difficult to implement and manage. Focus on the most important things first and keep risk in the equation of every decision you make.

5. Plan for it

“Prior Planning and Preparation Prevents Poor Performance” This is as relevant for risk management as it is for almost everything that we do. Plan and prepare to ensure that you won’t be surprised by anything, and you’ll be well placed to safeguard the success of your business.