Are you surprised that even big companies that spend a lot on cybersecurity still get hacked and hit by ransomware?
The truth is, it’s impossible to stop every attack. But, with solid cybersecurity practices, we can reduce the damage and recover quickly.
Cybersecurity resilience involves how well a company can handle and bounce back from cyber threats and disruptions. It consists of a mix of strategies and technologies to:
- Protect networks, systems, and data.
- Quickly detect and respond to cyber incidents.
- Minimize the impact of data breaches and ransomware attacks.
- Follow cybersecurity regulations.
Today, I’ll talk about the key parts of cybersecurity resilience and why they’re essential for protecting companies as cyber threats become more common and sophisticated.
Risk assessment and management
Many companies don’t fully understand their cybersecurity risks.
Effective resilience starts with knowing what assets a company has, where it’s vulnerable, and what threats it faces. Regular risk assessments help companies:
- Identify and prioritize their most critical assets.
- Assess the likelihood and impact of potential cyber threats.
- Develop strategies to manage those risks.
- Track improvements or issues over time.
Watch this video for an easy guide on a comprehensive risk assessment.
Access controls
Hackers often get into systems by phishing, stealing, or guessing user IDs and passwords.
Limit access to sensitive systems and data by giving people the minimum access they need. Use strong authentication methods, like multi-factor authentication (MFA), to enhance access controls and protect against unauthorized access.
Incident response planning
Without a plan, responding to cyber incidents can be chaotic.
Incident response planning involves creating a structured approach to deal with cybersecurity incidents, including:
- Defining roles and responsibilities.
- Setting up communication channels.
- Documenting response procedures.
Test the plan with practice exercises and improve it based on what you learn.
A good incident response plan helps companies quickly detect and respond to security incidents, minimizing damage and recovery time.
Data backup and recovery
Data is a critical asset; without backups, companies risk losing it.
Regularly back up critical data and store it securely. Test the restoration process to ensure backups are intact.
Being able to restore data from backups helps minimize data loss and system downtime during a security incident or failure.
Continuous monitoring and threat intelligence
Without continuous monitoring, companies can’t gauge the effectiveness of their cybersecurity defences.
To defend against cyber threats, continuously monitor networks, systems, and applications for potential breaches. Monitoring tools like intrusion detection systems and security information and event management (SIEM) solutions can be used to quickly identify and respond to threats.
Stay updated on emerging threats by integrating threat intelligence from cybersecurity vendors, which enhances the ability to detect and mitigate risks proactively.
To sum up, strong cybersecurity resilience involves knowing and managing risks, controlling access, planning for incidents, backing up data, and continuously monitoring for threats. These practices help protect companies from increasingly sophisticated cyber threats.
Yogi Schulz has over 40 years of information technology experience in various industries. Yogi works extensively in the petroleum industry. He manages projects that arise from changes in business requirements, the need to leverage technology opportunities, and mergers. His specialties include IT strategy, web strategy and project management.
