What Business Managers can do about Cyber Security.

Rarely a day go's by without another headline about Cyber Crime costing an Australian business millions of dollars in ransom, loss of business, fines or payouts to disgruntled customers. Business Managers at all levels need to understand the ramifications of poor Cyber Security and what steps they can take to prevent Cyber intrusion.

The first step is to understand what are the 10 most common malicious cyber activities?

1. Phishing

2. Malware

3. Denial of Service (DoS) attacks

4. Data Breaches

5. Password Attacks

6. Social Engineering

7. Ransomware

8. Spam

9. Adware

10. Man-in-the-Middle Attacks

The Top 10 types of Cyber attack explained in Layman's terms.

1. Phishing is a type of cyber attack where malicious actors attempt to gain personal information by sending emails that appear to be from a legitimate source.

2. Malware is malicious software designed to damage or gain unauthorized access to a computer system.

3. Denial of Service (DoS) attacks are a type of cyber attack that attempts to make a computer or network resource unavailable by flooding it with requests.

4. Data Breaches are security incidents where sensitive information is accessed, used, or disclosed without authorization.

5. Password Attacks are attempts to gain access to a system by using stolen or guessed passwords.

6. Social Engineering is a type of attack that uses deception to manipulate people into revealing information or granting access to a system.

7. Ransomware is a type of malicious software that encrypts data and demands a ransom to unlock it.

8. Spam is unsolicited email or messages sent for marketing or phishing purposes.

9. Adware is software that displays unwanted advertisements on a user's computer.

10. Man-in-the-Middle Attacks are attacks where a malicious actor inserts themselves between two parties in order to intercept communications and gain access to sensitive information.

What can Managers do about Improving their business Cyber Security?

The list of actions taken need to be proportionate to the business size, the volume of sensitive data and of course budget always comes into play. Most of the following strategies can be applied across any business but we advise to engage with a Managed Service provider who can assist you in developing a strategy suitable for your business size, risk profile and budget.

1. Implement strong password policies.

2. Use two-factor authentication.

3. Install and regularly update antivirus/anti-malware software.

4. Backup data regularly.

5. Use encryption technology.

6. Establish a data loss prevention policy.

7. Monitor employee access to data.

8. Use a secure web gateway.

9. Educate employees on data security best practices.

10. Use Dark Web Monitoring

If you would like to find out more please call our Australian based Sales Team on 1300 722 320 or click through to the our Managed Services page to find out more about Cyber Security consulting and advice.

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