Modern technology is becoming one of the best ways to make businesses operate more efficiently. The demand for cyber security management has skyrocketed and that is a concept that a lot of people are not even familiar with. 

This guide is going to take an in-depth look at cyber security management and help you to understand some of the most important factors that relate to it. 

You are probably familiar with some of the simpler ways that you can protect yourself from cyber attacks. Those methods can include encryptions, passwords, and anti-virus software. These are basic cyber security concepts that are used almost every single day for many different purposes.

Cyber security management gets much more complex when discussing how to protect large virtual servers that have tons of sensitive account information or financial information. There are many different resources and tools that go into cyber security management and this is a great opportunity for you to learn a little bit more about it. 

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Numerous companies experienced security breaches throughout the years, exposing their private data to cybercriminals. What some people don’t know is that most of these attacks had printers as their primary targets. Considering that even high-profile companies are at risk, prioritizing printer security would help you reduce your chances of getting hacked and compromising your company data. Here’s why printer security matters when protecting your organization. 

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According to recent reports, cyberattacks are occurring every 39 seconds in the US. Sounds impressive, doesn’t it? What’s more, one attack can harm millions of people. For example, when Atlanta was attacked using ransomware called SamSam, the city was offline for five days, which halted several significant citywide operations. As a result, the amount of recovery cost reached $17 million.

Cyberattacks can also happen on a global scale with hackers breaching big government organizations. The National Cyber Security Center warns everyone that Russia is exploiting network infrastructure devices to lay the groundwork for future attacks on infrastructure like power stations and energy grids.

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There has been more than enough to worry about for the small business owner in the last 12 months. The checklist of things that have changed overnight probably covers every aspect of their business, foremost amongst them possibly that their entire workforce could now be working remotely.

While getting a company through the last 12 months could be considered achievement enough on its own, there are some more challenges to be faced by the small business owner if that survival is going to continue. Two things stand out as needing immediate attention, both of them requiring an upgrade to IT services.

Firstly the attraction of new customers in the current crisis and secondly the increased need for an effective cybersecurity strategy to combat the rise in cybercrime since the pandemic began.

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According to the Small Business Administration’s Office of Advocacy, there are 30.2 million small businesses in the United States, making up 99.9% of all businesses in the country. Due to such a sizeable representative percentage, any discussion about cybersecurity statistics should focus on small businesses.

While the SBA defines small businesses as any business with less than 500 employees, most have far fewer, making them soft targets for cybercriminals. For small businesses, fewer resources mean they should approach cybersecurity in a much different way to larger enterprises, using more innovative and more agile protection methods. 

Small Businesses Cybersecurity Plan

A small business cybersecurity plan outlines the steps and measures to secure a business from attacks like malware, phishing, and ransomware. While most small businesses may not see the need to document such a plan, it is critical to ensure compliance across the company. 

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The evolution of technologies and Internet connectivity has ushered in a new revolution where data transfer has become faster than ever before.

On the other hand, this has also resulted in increased data threats to organizations, with rising incidences of data breaches being reported on a massive scale. Apart from the financial implications, these cyber-attacks lead to loss of business reputation for companies, negatively impacting their revenue and trust among customers.

Thus, online enterprises need to step up their security measures to ensure more excellent safety and transparency by following appropriate cybersecurity tips suitable to their business.

How may cybersecurity awareness be used to protect your organization?

Employees are one of the most significant assets for every organization, especially when it comes to protecting the privacy and security of your online data and business information. Thus, they need to be educated regarding the pros and cons of sharing sensitive data with external customers and third-party users.

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2020 has initiated a sea change into the way organisations of all shapes and sizes approaches business. The new normal is here to stay for a while even after the pandemic subsides and remote and anywhere operations will remain the new norm for companies across the world. To meet the new needs of remote consumers and clients, companies have tried their very best to leverage technological assets for seamless delivery of products and services.

However, security has remained a concern as data breaches have raised dramatically with 36 billion records exposed just in the first half of 2020. If there is a New Year’s resolution going forward for businesses, it should one of building resilience and a secure environment for our partners, customers, employees and the extended network. Keeping and building on their trust has never been more important than at this particular juncture in history.

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With data security breaches on the rise, it begs the question. Should healthcare providers prioritize cybersecurity training alongside HIPAA privacy and security?  

We are living in an era where privacy or safety of information online cannot always be guaranteed. Healthcare entities have suffered enormous losses from data breaches in 2020. And most of the reported data breaches account for cybersecurity-related incidents. 

In fact, from January 2020 to November 2020, 79% of breaches reported in healthcare have been linked to cybersecurity. And the volume of cyberattacks has increased from November 2020 to January 2021 by 45%. It is an alarming concern for healthcare professionals.

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2020 has been a year of learning for businesses on many levels. From enabling global remote practically overnight to switching to cloud-based applications and infrastructure – the list of learnings has been long. But none have managed to make quite a dent as much as the dramatic rise in malicious attacks on cloud and on-site networks. If anything, 2020 has been the year of the pandemic as well as large-scale, well-publicized security breaches.

According to RiskBased, just the first half of 2020 saw nearly 36 billion records exposed in data breaches. Verizon showed that 45% of breaches involved hacking, 17% were malware-based and 22% were phishing attacks. Suffice to say that the need for comprehensive cybersecurity planning and management has never been quite this palpable.

The financial cost of data breaches is only the tip of the iceberg with IBM estimating the average cost to be around $3.86 million in 2020 with an average lifecycle of around 280 days from identification to containment. Even a minor breach can leave businesses with exposed sensitive information that can leave users vulnerable to identity theft, financial damage, ruin the reputation of your business and leave you liable for compliance violations. Companies like IT Support Vermont can help businesses locally to adjust to the quickly changing cyber-attack landscape to try and adapt their technologies, processes, and policies.

Cybersecurity threats are only expected to evolve and grow increasingly difficult to identify and eliminate. So, without further ado…,

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Organizations across the globe have quickly moved to a fast-digital transformation to allow a remote workforce model due to the global pandemic. That has naturally resulted in a multi-fold rise in the IT attack surface of a company. 

That’s why security leaders should consider the added risks carried by the remote workforce as well as their personal devices, which aren’t in the purview of the company’s security measures. This post aims to present you with information about which risks you might be exposed to. Are you ready? Then let’s jump in! 

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