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Cybersecurity Challenges Workplace Faces

The number of cyber security attack that companies’ tackle continues to grow despite the innovation in technology to help organizations optimize their operations. However, it’s critical for businesses and other organizations to be prepared for – and know how to respond to – cyber security incidents. Below we take a look cybersecurity challenges most organizations are facing and how they can tackle it.

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Cybersecurity Challenges And Trends

You need to look out for the following challenges that will characterize cybersecurity to protect your company’s sensitive data throughout the coming year. Here is a list of some cybersecurity threat that organizations must consider.

1. Ransomware

Ransomware is malicious software that prevents users from accessing data on their computers or networks until payment is made. Ransomware was a serious issue during 2016 and isn’t likely to disappear anytime soon; in fact, it may even get worse this year.  As more cybercriminals recognize the benefits of this tactic, the chances of people falling victim will continue to increase.

2. Internet of Things (IoT) Threats

The Internet of Things is making sure that every single device you own is connected. All of those connections offer massive benefits, which makes it so appealing in the first place. Unfortunately, the connections make consumers highly susceptible to cyber attacks. In fact, one study revealed that 70 percent of IoT devices have serious security vulnerabilities.

3. Hacktivism

Hacktivism involves unauthorized used of the computer system or network for a socially or politically motivated reason. These attacks use the same techniques and tools as a hacker but do so to disrupt services and bring attention to a social or political cause, which is usually very publicly damaging for an organization’s reputation.

4. Cryptojacking

The cryptocurrency movement also affects cybersecurity in many ways. Cryptojacking involves cybercriminals hijacking third-party home or work computers to “mine” for cryptocurrency like Bitcoin because the mining for cryptocurrency requires tremendous amounts of computer processing power. For most companies, Cryptojacked systems can cause severe performance problems and costly downtime.

5. DDoS Attacks

Distributed denial of service (DDoS) attacks remains a significant cyber threat to many organizations. These attacks have crippled multiple big names including the BBC, presidential hopeful Donald Trump’s election campaign website, and cloud-based internet performance management firm Dyn. It’s designed to overwhelm a victim’s network resources so that they cannot process legitimate traffic.

6. Phishing Attacks

Phishing attacks are a kind cybersecurity attack where the attacker creates a fraudulent email or website to trick victims into giving out their sensitive information—such as passwords to online accounts, login credentials for work, credit card credentials and other types of personal financial information and use these details to wreak havoc.

How Can The Workplace Address Cybersecurity Threats?

Every company has a different threat landscape when it comes to cybersecurity. Below are several solutions to effectively defend against such cyber-attacks,

1. Establish employee’s security policies and rules

Establish rules describing how your employee can handle and protect customer information and other vital data. Establish company Internet use guidelines with detail penalties for violating the policies. Establish basic security policies and practices for employees like requiring strong passwords.

2. Protect computers and networks from cyber attacks

Having the latest web browser, software, and operating system are the best defenses against malware, viruses, and other online security threats. Install essential software updates immediately they are available and set antivirus software to run a scan after each update.

3. Provide firewall security for Internet connection

A firewall is a program that blocks unauthorized access to data on a private network. So, make sure the firewall on your operating system is enabled, and if your employees work from home, ensure a firewall protects their system.

4. Secure your Wi-Fi networks

Make sure the Wi-Fi network for your workplace is secure, encrypted, and hidden.  You can set up your wireless access point or router to hide your Wi-Fi network, so it does not broadcast the network name.

5. Use secure passwords and authentication

Make it mandatory for employees to use unique passwords and change passwords frequently. Consider using multi-factor authentication, which requires additional information to gain entry. Check your merchants that handle sensitive data to see if they offer multi-factor authentication.

6. Report lost or stolen devices

Advise your employees to immediately report lost or stolen devices, as it can be an entry point for attackers to gain access to your company confidential data. Often the IT security service can remotely wipe devices if reported earlier.

7. Control physical access to your computers

You need to prevent unauthorized individuals from accessing your company computers. Laptops can be easy targets for online theft, so lock up when unattended. When your employees leave their tables, tell them they must lock their PC screens or log out to prevent unauthorized access.

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Why It’s Important to Address Cybersecurity Threats?

Cybersecurity is becoming more widely talked about with an increasing number of cyber attacks. Your company is at risk of the following if you fail to address cyber threats earlier.

  • Compromising of private data: Companies rely heavily on the data they collect, and if a cyber attack occurs, not only will this information be stolen, but the data could also be altered in a way that drastically damages your company’s operation.
  • Costly recovery expenses: Breach of security can put your company in financial repercussions. Whether it’s in the form of restoring lost data or acquiring new software, the loss of both money and time can