5 mins read

Cybersecurity Threats – Is Your Business Prepared For An Attack?

The pandemic has created new cybersecurity challenges for businesses as they adapt their operating model for remote working.

Cyber attacks are inevitable. Responding appropriately to an attack is not just the responsibility of your IT department – everyone in the organisation has a role to play.

 

The Changing Landscape of Cyber Security

A recent survey conducted in 2020 found that 47% of people fall for phishing scams while working from home. This has been a persistent problem during the pandemic, with hackers taking advantage of psychological factors such as stress, social relationships and uncertainty, which impacts on an individual’s decision making process.

 

 

 

Increase in New Malware

Prior to the pandemic, approximately 20% of cyberattacks used previously unseen malware or ither methods. This has risen to 35% during the pandemic. Cyberattacks are becoming more sophisticated and use a number of different methods such as SMS and voice.

 

 

 

Cyberattacks On Video Conferencing Services

Over 500 thousand individuals were affected by cybersecurity breaches, between February and May 2020, in which personal data from video conferencing users was stolen and sold on the dark web.

 

 

 

The Case for Information Security Management System

While businesses always strive to avoid security breaches, cyber security attacks still occur. Businesses need to assess how they will respond to information security incidents, events and weaknesses. Yet 47% of organisations have not assessed their cyberattack response readiness, meaning the first time they test their plans is in the middle of a cyber attack.

 

 

 

65% of Consumers View Data Privacy as the Most Important Attribute When Considering Trust.

Regardless of information type, Information Security can include paper-based and electronic formats and determines how information is processed, stored, transferred, archived and destroyed.

Certification demonstrates your systems have been independently assessed, and you are committed to IT security and ICR Governance.

 

Information Security: Everyone In The Organisation Has a Role to Play.

IT Department – Ensure company software and hardware (such as mobile phones, laptops, etc.) are protected and secure.

Sales and Marketing Department – Utilise data to enhance products and service offerings. Protecting customer data and privacy is of upmost importance.

Human Resources Department – Protect employee information. This includes having a robust onboarding and offboarding process.

Legal Department – Protect sensitive information and ensure compliance against relevant privacy acts and legislations.

Finance Department – Protect creditor, supplier and client information, as well as sensitive company data.

Payroll Department – Ensure sensitive employee information is protected and secure.

 

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