Educate Yourself and Stakeholders on the Current Cybersecurity Landscape
Start by familiarizing yourself and your company’s stakeholders with existing threats and vulnerabilities your business faces. While each company has its unique challenges, getting a grasp of the bigger picture in cybersecurity aids in making informed decisions.
Online platforms like CISA and NIST are a great place to start and offer crucial insights into the latest threats and best practices. Adopting specific cybersecurity frameworks and following the guidelines these resources provide can be a great start to ensuring your business has the tools it needs to operate safely.
Get a Cyber Risk Assessment
Rather than diving headfirst into purchasing every security solution available, it’s smart to know precisely what you need. Blindly choosing an “all-in-one” security package might lead to unnecessary expenses on tools your business might not even require.
A cyber risk assessment helps identify your security weak spots and offers a clearer picture of where your funds would be best allocated to safeguard against potential cyber threats. It’s an efficient way to ensure you’re only spending on what’s genuinely essential for your business’s security.
Invest in Cybersecurity Training for Employees
While technical vulnerabilities and advanced cyberattacks are serious threats, the most common cause of data breaches is actually human error. This doesn’t mean employees are purposefully endangering the company, but it underscores the need for consistent cybersecurity education.
By training your staff on the latest cyber threats and responses, they become a well-equipped first line of defense. Investing in this education not only reinforces the value of your staffing budget but empowers each employee to actively defend the company’s digital assets.
Implement Multi-Factor Authentication (MFA)
Multi-Factor Authentication isn’t a new concept, but surprisingly, not every company uses it. Some hesitate because they believe it complicates the user experience. Yet, many of our daily online interactions, like checking email or banking, already incorporate MFA as the new standard in password security.
There might be a brief adjustment phase when introducing MFA to your team, but its benefits far outweigh the initial inconveniences. With MFA in place, the chances of unauthorized access drop dramatically, potentially saving the company from the extensive financial fallout of a data breach.