11 Cybersecurity investments you should make now
Updated: Dec 28, 2022
Companies need to plan accordingly as the average cost of data breaches will rise. You need to invest in cybersecurity to protect your business. Here are 11 areas to focus your attention.
Cyber insurance protects businesses from the financial consequences of cyber-attacks. Cyber insurance can be used to cover business interruptions, data recovery, legal costs, reputational damage, and other related costs. It is becoming more common in all industries and at all companies, including small businesses that have been targeted by cybercriminals.
Cyber insurance is now required compliance across many industries including retail, finance, healthcare, and finance. Companies are required to notify customers and partners in the event of data breaches. This can prove costly. These expenses can be covered by cyber insurance.
Training for employees
The weakest link to a company's cybersecurity defenses is often its employees. They might not be up-to-date on the latest cyber threats and how to protect themselves from them. It is important that employees receive regular training in cybersecurity best practices and risks. There are many types of employee training programs, from online courses to in-person seminars. Many companies offer financial incentives to employees who successfully complete training programs.
Employee education is becoming more important in the age of remote work. It means that remote workers are equipped with the knowledge they need to keep company data secure while working on networks that may not be well secured. This is especially true if people are connected via public networks at airports, coworking spaces, or cafes.
Endpoints are devices that connect to a network such as tablets, smartphones and laptops. They can also be used as a entry point for hackers. Endpoint security solutions, such as firewalls and encryption, are essential. Endpoint security can be purchased from a vendor, or you can implement it yourself. Many open-source and free solutions are available. Before deploying any endpoint security solution in your environment, make sure it passes all safety checks.
Management of access and identity
Identity and Access Management (IAM), is a process that manages user identities and permissions. It is used to manage who has access and what resources they have, as well as how they use them. IAM solutions often include features like Single Sign-On (SSO), which allows users access to multiple applications using one set of credentials. Two-factor authentication (2FA) adds another layer of security. IAM solutions are available on-premises and in the cloud. They can be integrated with other security systems, such as firewalls or intrusion detection system.
Prevention and detection of intrusions
Intrusion detection and prevention systems (IDPS), are designed to detect and prevent cyber attacks. They monitor network traffic and flag suspicious activity, blocking it or flagging it when necessary. IDPS solutions are available on-premises and in the cloud. There are many types of IDPS solutions, from simple network-based options to more complex host-based ones. You should choose the right solution for your environment and requirements.
Security information and event management
Security information and event management solutions (SIEM), are used to analyze and collect data from a range of security sources such as firewalls, intrusion detection system and web filters. These data are then used to create reports that help identify security trends and risks.
SIEM solutions are available on-premises and in the cloud. These solutions can be integrated with other security products, such as vulnerability management and incident response. SIEM is a central platform that allows you see all security events in your environment from one location.
Email is a popular target for cyberattacks. It is frequently used to send malware and phishing messages. It is important to invest in email security solutions, such as spam filters or email encryption. Either you buy it from a vendor, or you can implement it yourself. You can also find open-source and free solutions.
Management of vulnerability
Vulnerability management refers to the identification, assessment, and mitigation of vulnerabilities in systems and networks. This includes both manual and automated processes such as patching vulnerabilities and scanning for them. There are many types of vulnerability management solutions, from simple scanners to more complex suites. You should choose the right solution for your environment and requirements.
Security on the Internet
Web security is the protection of websites and web applications against cyber-attacks. It covers both client-side and server-side security measures such as firewalls and intrusion detection systems. Web security can be purchased from a vendor, or you can implement it yourself. Many open-source and free solutions are available. Before deploying any web security solution in your environment, make sure it passes all tests.
Data loss prevention
Data loss prevention (DLP), is a method to prevent sensitive data being lost or leaked. It encompasses both organizational and technical measures such as access control and encryption. DLP solutions are available on-premises and in the cloud. These solutions can be integrated with other security systems, such as firewalls or intrusion detection system.
Disaster recovery and business continuity
Business continuity (BC/DR), or business continuity, is a process that ensures businesses are able to continue operating in the event of an interruption or natural disaster. BC/DR solutions often include data backup and replication features that can minimize downtime and reduce data loss.
BC/DR solutions are available on-premises and in the cloud. They can be integrated with firewalls or intrusion detection systems. Make sure to regularly test your BC/DR solution to ensure it is functioning as intended.