Cybersecurity is becoming more and more important to businesses of all sizes. With more organizations in the consulting and service-based work industry relying on digital platforms to produce work, there is an increased potential for cyber risk. Take marketing automation for example, with a software market that was valued at $3.6 billion in 2020, and is expected to more than triple by 2027. As your company plans for new growth opportunities in 2022, reducing cybersecurity risk should be a top priority.
Q1 of each year should be focused on developing leads and fostering growth as a company, not trying to recover from a cybersecurity problem that could have been avoided.
You need to know what to do in the event that there is a data breach, or what your course of action is if there are serious consequences as a result of a security mishap. Our top methods for reducing risk in the new year will help your team prepare for any challenges 2022 may bring.
- Train employees from all departments
Creatives, C-suite executives, and tech specialists alike should all be well-versed in the importance of company cybersecurity, whether it directly relates to their day-to-day role or not. Knowing that not all of your employees come into their role with prior knowledge about ways to reduce risk, you can adjust your onboarding process to include an overview of standards they are expected to uphold. The majority of these training sessions should be geared toward reducing overall business risk, but some can be specific to each department if there are risks that are unique to what each section of the organization handles.
- Maintain security of digital communication
It might not seem like a big deal to pass off login credentials to your colleague, but it could easily become a problem for the entire organization if you are not careful. Sharing secure information with coworkers digitally over platforms that are not approved for use by your company can create a big risk, as it eliminates the ability to track where the information has traveled. Employees should only virtually communicate about work matters via company endorsed measures because it keeps all business-related transactions in a centralized location that is more secure on behalf of the company.
- Don’t forget to update
According to Web Arx Security, 300,000 thousand new pieces of malware are developed each day, meaning that there will always be threats you cannot prepare for. While the pop-up window you see each time you log on to your computer may seem like a nuance now, you may regret ignoring it later. Software updates are regularly released for a reason, and in many cases, it is to protect users. Staying on top of updates and security subscription is a simple way to ensure that your technology and software programs are not at risk due to a missed system refresh.
- Use Directors & Officers Insurance
Directors and officers can carry large liabilities through their work, so you will want to ensure that their information is being protected for the sake of them as individuals and for the business. This is why Directors & Officers Insurance is so important for companies of all sizes, because it focuses on protecting the personal assets of business leaders in the case that there is legal action taken against them. Even if your company does not deal with high levels of risk, it is still important to take precautionary measures for the protection of the entire organization.
- Schedule security checks
Another way to prevent data breaches is to plan out regular check-ins with each department to see how they are handling the different threats that are specific to their area of work. This may seem like an extra step, but it is worth it because different business sectors deal with different problems depending on the software they are using. You also may find that there is potential to have crossover in the solutions and techniques that each division of the company has developed, saving your entire team time and stress when problem-solving on the fly.
- Have a backup plan
When working to uphold the cybersecurity of your company, it is crucial that you have a backup plan in the case that something goes awry. This is also referred to as cyber resilience, which involves recognizing the potential risks and making plans of what to do if they occur. To start building your cyber resilience plan, your team needs to imagine the worst case scenarios that could occur, then determine what the best course of action would be to resolve any problems that would arise from them. That way, when you are faced with a threat, your team knows exactly what process is going to be initiated and what role they play in it.