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4 Global Cybersecurity Risks Your Business Should Know in 2018

May 8, 2018/0 Comments/in Business Continuity, Cloud Hosting, Cybersecurity, Email Security /by James Wagner

The world is connected to a variety of diverse digital landscapes, ranging from app usage to credit cards, and this level of connectivity is such that it is unwise for any organization to ignore global cybersecurity risks.

Regardless of industry, every organization is at risk of malicious attempts to enter a private security network, and the location is irrelevant.

The Equifax breach is an excellent example: Although the cyber attack predominantly affected those in the US, millions in Canada were susceptible to the breach as well.

All businesses must prepare against the inevitability of malicious cyber attacks, particularly as technology continues to advance on a global scale.

Organizations aren’t prepared for GDPR

Despite advanced warnings regarding the implementation of new cybersecurity standards, many organizations are still unsure of how to manage changes that will ensure compliance with the EU’s General Data Protection Regulation (GDPR).

The new regulation – scheduled to take effect on 25 May 2018 – demands that organizations handle personal data differently, but how those organizations ensure compliance is another matter entirely.

Resources are being pulled in different directions, and time will need to be set aside to educate stakeholders.

This primarily affects those businesses that engage in international trade, and an understanding of what is necessary to comply with the GDPR will help enhance cybersecurity when doing business with international clients.

The Internet of Things (IoT) poses a threat

Concerns surrounding the level of security among IoT devices has been discussed many times, but there is little forward progress in addressing the problem.

Although such devices add a level of convenience, they could provide the opening that a hacker needs to gain access to sensitive information.

Organizations that utilize IoT devices without the proper security infrastructure are susceptible to unmanaged risks, as it will become harder to track what – and how – information is transferrable.

IoT compromises security and no organization is immune.

The supply chain remains a weakness

Many organizations have a firm grip on their own cybersecurity practices, but knowledge of the existing infrastructure of third-party vendors is not as common.

Hackers are capable of taking advantage of this weakness in the supply chain, thereby gaining access to your IT infrastructure.

Unfortunately, when it comes to global business, the supply chain is a critical component of a successful operation.

Organizations must address the security risks between their international suppliers and take proactive measures that will prevent or at least minimize breaches.

The advance of breakthrough technology surpasses security spending

One of the most prominent concerns relating to international cybersecurity is the global tech war.

Individual countries are determined to produce the best in technological advances, without addressing security concerns applicable to those devices or systems.

Information security teams are expected to keep up with such developments, but the development of a robust cybersecurity strategy takes time.

Risks must be assessed holistically within the organization to close any gaps that hackers could leverage.

Stakeholders are demanding results, but they must understand that the best technology will pose a threat to the entire business if the end result is not secure.

International preparedness is the only way to mitigate international security risks. Individual organizations are only single elements of the global economy, and in a digital world, there are virtually no limits to the damage a single breach can cause. Malicious cyberattacks are an international concern, particularly as criminal organizations become more prominent. The international sharing of technology can boost the world economy, but the cybersecurity risks will grow as well.

Build a Strong Foundation For Your Business with Cybersecurity

December 12, 2017/0 Comments/in Business Continuity, Cybersecurity, Managed IT /by James Wagner

At a business’s inception, leaders are occupied with matters such as finances, leases, ROI, and related goals.

Setting realistic targets and optimum goals are key components of a growing business strategy, but one area that some business owners – old and new, in businesses large and small – may overlook is cybersecurity.

To build a strong foundation for a successful business – and for that business to flourish over time – you must have a solid cybersecurity framework.

Employee Cybersecurity Education

Employee training is an essential aspect of business growth, and cybersecurity should be an essential and ongoing part of every employee’s training and development.

Educating all staff, including yourself and your leadership team, is a simple proactive measure that can help mitigate the risk of falling victim to ransomware or other malware attacks.

If neglected, your business is almost guaranteed to experience loss of data and subsequent financial losses that would otherwise have been preventable.

Everyone in your organization should be aware of the risk that cyberthreats represent, and everyone should promote a culture dedicated to sustainable cybersecurity management.

Not only does such a culture ensure that employees avoid certain threats, such as phishing attacks, but it also ensures that everyone on your team is able to identify active threats and prevent irreparable damage by containing breaches.

Include Flexible Risk Management Goals

Although it can be tempting to establish firm risk management policies within your cybersecurity framework, this is one component of your strategy that should remain flexible.

Your vulnerabilities will depend upon your industry and how you do business.

Whether you are in the earliest stages of development or a well-established industry giant, your primary vulnerabilities can and will change as the security landscape changes and as technology evolves.

Risk management should be an ongoing process that can easily reflect updated policies.

Implement Industry Standards

Cybersecurity is a valid concern for consumers and businesses, but with the development of a strong business foundation, knowing where to start can pose challenges.

The Canadian government considers the protection of sensitive data to be the top priority and encourages business owners to become familiar with Canada’s Cyber Security Strategy.

Small businesses are just as likely to be victims of cyber threats, and it is in everyone’s best interests that private data is kept secure.

The existing reliance on technology adds an additional layer of compliance to business management.

Establishing and growing a business is no easy task, but without a strong foundation built on solid cybersecurity strategies, your organization will be susceptible to security risks that could completely halt progress.

The ITeam understands the cybersecurity issues facing Canada. We are committed to helping Calgary- and Alberta-based businesses develop proactive, cost-effective IT strategies that minimize risk and maximize efficiency. Contact us to learn more.

3 Important Steps To Improve Your Cybersecurity in Canada

November 21, 2017/0 Comments/in BDR, Business Continuity, Cloud Security, Cybersecurity, Managed IT /by James Wagner

The Canadian government has its doubts about the necessity of eradicating Kaspersky Lab products from U.S. vital programs.

The apprehensions over Russian interference in the U.S. election, proving to be more valid as the investigation continues, have prompted the Trudeau government to improve Canada’s own cybersecurity.

Protecting sensitive data from cyber threats is a constant battle for any organization.

Considering recent global concerns, now is the time to address your own preventative cybersecurity measures.

Understand Your Vulnerabilities

One of the most prominent issues that organizations face is the lack of resources designated to address cybersecurity, as well as a complete lack of understanding of the technological processes necessary to alleviate risk.

By better understanding the vulnerabilities that exist, whether they are specific to your industry or unique to your business, you can address the changes that need to be implemented to ramp up your cybersecurity strategy.

You can also reduce vulnerabilities by identifying personnel who are capable of navigating threats that do occur, as well as investing in an insurance policy in the event of a security breach.

Incorporate Industry Standards

Taking a wait-and-see approach, or simply doing the bare minimum, is not enough.

The Canadian government recognizes that to avoid a breach similar to what has occurred in the U.S., preventative measures must be put in place.

It is no longer enough to incorporate damage control into budget discussions.

Organizations must be one step ahead of potential cyber threats.

To do so, appropriate governance and compliance must be issued as an industry standard.

Risk management should be a pivotal component of a progressive cybersecurity strategy, and employee cybersecurity training must be a requirement.

Hackers are too advanced for organizations to take chances, and lack of awareness is no longer an excuse.

Develop a Response Plan

Does your cybersecurity strategy include a response plan?

Although the goal is to avoid a breach altogether, cyber attacks are inevitable, and it is critical that you have a plan in place to rectify and minimize ensuing damages.

A strong response plan involves a team of IT personnel dedicated to fixing the problem, monitoring for further intrusion, and containing the existing data breach.

Information gained can then be used to prevent future breaches and adjust your strategy to strengthen the weaknesses that were exposed.

The interference of Russian propaganda exposed a critical weakness in the U.S. electoral system.

An entire year later, officials are only truly beginning to understand the extent of the breach.

Malicious access to your systems can have devastating consequences, particularly if it goes undetected.

Hackers will not wait for the challenge of a strong cybersecurity policy to test their abilities.

They will exploit every weakness, reaping the benefits of a forgotten update or lax firewall.

Now is the time to improve cybersecurity for your organization.

As Public Safety Minister Ralph Goodale stated, “In an interconnected world and an interconnected society and economy, you are only as strong as your weakest link.”

The ITeam understands the cybersecurity issues facing Alberta and Canada, and we are dedicated to helping Alberta businesses strengthen their cybersecurity. We are committed to helping Calgary- and Alberta-based businesses develop proactive, cost-effective IT strategies that minimize risk and maximize efficiency. Contact us to learn more.

Reducing Risk with Vulnerability Management

September 27, 2017/0 Comments/in Business Continuity, Cloud Security /by James Wagner

A comprehensive cybersecurity strategy requires multiple tools, none of which should be considered optional.

Many companies lack key components of strong security infrastructure, leaving them open to malicious attacks and breaches of sensitive information.

Proper cybersecurity measures can no longer exist as repairs alone, managing attacks as they occur.

This tactic is not only outdated, but it can completely destroy a company.

Vulnerability management is critical to your success, exposing and managing risks before an attack occurs.

What is Vulnerability Management?

Vulnerability management (VM) is the process of identifying cybersecurity threats and reducing exposure to those threats, rather than addressing software gaps after the damage has already been done.

VM is a form of quality assurance, a means of preventing problems before they can occur and uncovering weaknesses within a system configuration.

Once you are alert to potential problems, you can proactively address security risks, to protect assets.

Why Should I Implement Vulnerability Management Solutions?

Regardless of business size, industry, or location, you are at risk to cyber-attacks.

Hackers are increasingly targeting small businesses in particular, aware that these businesses tend to lack proper cybersecurity precautions.

Cybersecurity, when viewed as a routine chore rather than a serious issue, can result in the failure of your entire business.

VM is a vital component of any cybersecurity strategy, and combatting attacks preemptively should rank high on your IT to-do list.

VM also helps in establishing a standardized process in identifying risks.

Discovery – This is the process of categorizing each of your computer assets to determine where they currently fall. What assets are configurations and which ones are patches? Identify which assets are currently in compliance or are vulnerable, with the understanding that your network is likely to change frequently.
Reporting – The raw data gathered in the discovery phase is of little use without available IT to interpret. Generate reports that speak to upper management or operations departments, outlining the greatest risks.
Prioritization – Once the data is interpreted, you must prioritize what risks need to be mitigated and when. This offers IT guidelines on how resources should be applied in the configuration of new systems.
Risk response – This is how an organization chooses to address the present weaknesses, whether they are corrections, reductions, or some acceptance of risk.

Will Vulnerability Management Solve My Security Problems?

No security system is infallible, but VM is the foundation of a strong cybersecurity strategy.

Proper mitigation of risks requires continuous effort, regular scans, and management oversight.

Understanding the vulnerabilities in the context of your organization will help secure your sensitive information, as well as run an effective cybersecurity program.

Every organization must take responsibility for mitigating risk in every way possible.

Vulnerability management is a key part of a comprehensive cyber risk mitigation strategy.

The ITeam can help you determine where you’re at risk and what steps you need to take now. Contact us today for more information.

Disaster Data Recovery Is Not Optional

July 5, 2017/0 Comments/in BDR, Business Continuity, Disaster Recovery /by James Wagner

One of the most sobering news reports of this year for businesses was the announcement that approximately 190,000 organizations in over 170 countries had been hit by a massive, coordinated, ransomware cyber-attack. Not all of these businesses were disrupted, but many faced significant losses, and it is doubtless that some will go out of business as a result. Such an incident highlights something we have said repeatedly:

Disaster data recovery is critical to all businesses, no matter their size, and the former causes of such recovery efforts no longer define the parameters of business need. Simply put, in our new technological age, each and every organization faces the real possibility of a catastrophic event that could compromise its data integrity and threaten its very existence.

The key issue is expeditious data and IT systems recovery. The businesses that were not impacted significantly by the recent cyber-attack were those that had robust protection and data recovery systems in place; those that suffered the most damage lacked one or the other critical component. Importantly, it is not just financial loss or blackmail that causes difficulty and irreparable harm. It is also the blow to a business’s reputation and the attending fear and anxiety generated among customers and employees.

The following are common misperceptions that hinder companies’ ability to take the necessary measures to strengthen their cybersecurity and survive catastrophic events of various kinds:

Solid Cybersecurity is Cost-Prohibitive

In the past, even only a few decades ago, implementing system improvements robust enough to provide solid data backup and recovery might have been exorbitant. Deploying and maintaining additional, physical data centers and managing redundant networks, servers, print materials, storage centers, and all other necessary measures was daunting, if not completely overwhelming. Advances in technology have increased the likelihood of cyber-attacks, but they also have provided solutions that are affordable and manageable.

In particular, cloud-based data recovery provides an excellent option for all businesses, but it is particularly advantageous for smaller companies that might not have been able to dream of cybersecurity only a few years ago. Disaster-recovery-as-a-service (or DRaaS) is a remarkably secure option.

Since DRaaS allows for payment based on storage units, you have the ability to contract only for the amount of assistance you need – meaning smaller businesses can recover data at a proportionately lower cost. Given the costs of traditional, physical data backup and recovery, DRaaS is a much more cost-effective alternative, and it is often more secure, since it is administered by professionals in the field.

On-Site Server Backup is Adequate

Traditional, physical backup presents serious problems for a number of reasons. The most common are:

They are subject to the same natural disasters that would compromise the primary data systems if housed locally.
They are subject to the same cyber attack vulnerability if administered internally.
Recovery and restoration generally take much longer to complete, and every hour, day, and a week without data is significant for most businesses.

The Business is Too Small to Be a Cyberattack Target

If there is one thing that has become apparent with the most recent cyber-attacks, it is that many hackers view small to mid-sized businesses as excellent sources of moderate income (enough to keep their operations running while they target bigger corporations) and also as good testing grounds for development of strategies to attack larger companies. Company size simply is not a reasonable factor in this day and age.

Minor Downtime is Manageable

Downtime, particularly when it occurs somewhat regularly, can impact businesses in multiple ways, many of them tied directly to revenue. Of particular concern in our modern economy is the increasing customer expectation of immediate communication, input, delivery, etc. In survey after survey, more than half of the respondents (in some cases nearly 70 percent) state that they consider even small amounts of downtime to be their top frustration and would consider frequenting a different business. This is certainly true of potential, new customers, but it also applies to established customers, particularly if even minor downtime occurs more than once.

Conclusion

Modern businesses no longer have the luxury of ignoring disaster data recovery. They simply must consider how to incorporate such systems into their core business plans. Fortunately, DRaaS is available to address this new reality, and The ITeam stands ready to help make disaster data recovery an affordable part of your enhanced business model. Contact us today for more information.