Every business regardless of its size is a potential target of cyber attack. Weakened cyber security is a reflection of organizational weakness. Cyber attacks can come in different forms. Most of them are often deliberate by financial gain. Cyber threats are not always come from anonymous hackers but some vulnerabilities can arise within your business.
Cybercrime can potentially disrupt your business. Systematic and cultural problems may leave your organization to cyber attacks. These attacks can expose your business to potential loss or compromised reputation.
By addressing the following causes of failure, you can secure your business by reducing the risk of cyber attacks.
- Invisible systemic risk: Business decisions such as deciding to continue using outdated gear and software to save money or refusing to shut down a server for proper patching. Are choices that enhance the likelihood of accidents
- Cultural disconnect: Security is still perceived by non-IT executives as insignificant. As a result, it isn’t taken into account when making business decisions
- Throwing money at the problem Regardless of how much money you spend, you won’t be completely safe from cyberattacks. Your organization’s capacity to operate will likely be harmed if you try to stop every risky action.
- Security as “defender”: If security professionals are thought of as the defender of the company. Without considering the commercial goals the application supports, they can decline to release an essential application due to security concerns.
- Broken accountability: Accountability should mean that a decision to accept risk is defensible to key stakeholders. If accountability means that someone will get fired if something goes wrong, no one will engage.
- Poorly formed risk appetite statements: Organizations create generic high-level statements about their risk appetite that don’t support good decision-making.
- Lack of transparency: In board meetings, the good news regarding security improvements is usually emphasized, with little to no discussion of the gaps and opportunities for improvement.
Despite the advantages of security, cyber crimes are not going anywhere. The truth remains that human error can cause the majority of hacks and breaches. Opening phishing emails, sharing passwords, cultural disconnect, and lack of transparency are more common. The only way to close these gaps is to adopt a holistic approach to cybersecurity. To secure your business, get in touch with LogicFinder. If you would like to discuss how Logic Finder can protect your systems from cyber threats facing today, drop us a line at firstname.lastname@example.org.