Cybersecurity Risks Go Beyond Borders

Factors outside industry, including geographic considerations and sensitive consumer data, can create cybersecurity risks that need to be managed. These factors run the gamut of domestic and international laws, regulatory bodies, and private-party business agreements. Cybersecurity compliance can touch every business to some degree.

Internet of Things (IoT) and Cybersecurity

Adding to the list of concerns are non-traditional technologies entering your businesses network. IP-enabled technology called Internet of Things (IoT) is rapidly being adopted in the workplace. The Cybersecurity threat is moving beyond desktops, laptops and services. A new generation of mobile devices–Point of Sale (POS), IP video surveillance, embedded sensors, VoIP, and others–is just the first wave of emerging technologies that need to be secured.

How to Minimize Cybersecurity Risks

There are many things a business can do to reduce Cybersecurity threats. According to the Computing Technology Industry Association (CompTIA), the following elements are the building blocks for a cybersecurity program:

Documented policies, procedures & standards

Asset management

Identity & access controls

Risk management

Vendor management

Physical & environmental security

Compliance

Privacy

Remote access

Data backups

Data destruction

Cybersecurity threats are a reality of today’s world. The risks of data compromise and/or loss can cost more than dollars; such risks can cost your reputation. Your business is only as secure as your Network. If you have questions about your business needs, ask your technology advisor about how to manage Cybersecurity threats to your business.

According to the technology industry research firm Gartner Group, ninety percent of companies that experience data loss go out of business within two years. Countless studies indicate the longer the downtime, the greater the risk. More and more businesses are turning to Cloud Backup and collation to ensure their critical data is protected. But how long will it take to restore that data when a disaster strikes? Here are some points to consider to minimize the risk of downtime.

Identify Critical Data

If you are an online business or rely on retail systems to keep your registers ringing, you could easily calculate the hourly loss due to system downtime. Similarly, manufacturers, distributors, healthcare organizations, and financial services firms all rely on mission-critical systems to keep employees productive and customers happy. How long could your business survive without email? More than likely, not very long. While more difficult to quantify, communications and collaborations are mainstays to employee productivity and interactivity. In addition to direct financial impact, consider the public relations consequence related to data loss.

Other files and productivity applications are also important to ongoing operations. However, there is a cost to rapid recovery. Understanding the tradeoffs between costs and how much time it takes to recover will help you balance the risks with the financial constraints.

Bullet Proof Your Network

Your network is a critical component for data backup and recovery. Some systems may have a backup window of several hours. A high-performance network can reduce the time it takes for backup and recovery. What’s more, an optimized network has less chance of downtime and connection loss. A flaky connection may reduce the integrity of your backup and impede progress during data recovery.

By monitoring your network you can identify performance bottlenecks, bandwidth constraints, and poorly performing hardware. Keeping your network up to date also reduces unforeseen risks from intrusion that can also impact your recovery time.

Test Your Backups Periodically

Data loss can occur for a variety of reasons. Unprotected systems may be stolen or become corrupted from Malware. Natural disasters including fire, earthquake, tornados, cyclones, and hurricanes may make data unavailable. Your data may fall victim to human error or hardware failure. Regardless of the reason, recovering from a data loss isn’t something any business wants to face.

Backup is really about recovery. Testing your backup provides a number of benefits. Missing files or systems components could cause delays during the recovery process. Data corruption may occur, leaving your backup useless. Network failure during backup may also add to the time it takes for your business to fully recover. By periodically testing your backup you can identify these issues before they occur and avoid common pitfalls associated with disaster recovery scenarios.

If you feel you cannot afford a data loss, research indicates you are not alone. Take the time to consult your technology advisor to minimize business risks from losing your critical data.

Monthly Archives: December 2016

Cybersecurity is Everybody’s Business