As we develop and undertake new technology for our businesses every year, it seems like our security risks are as prevalent as ever. With every new platform or trend, there’s a new uncertainty. Many business owners and CEOs don’t realize these cyber-security threats exist and, as a result, don’t take the necessary precautions to limit breaches. Make sure you’re aware of these risks your business might face in 2019:
Ransomware
Over the last few years, cyber-criminals have relied on ransomware to target unsuspecting users and force them to follow their commands. The way that ransomware works is it locks users out of their accounts or computers and will only offer access if they comply with the ransomers’ demands, which could include paying a large sum of money. The problem is that either accepting or rejecting a cyber-criminal’s requested payment will result in detriments to your business. If you refuse to comply, your business could be jeopardized. If you accept and pay the ransom, you lose credibility and something valuable to your company. Either way, employees should be aware of this type of threat and avoid it at all costs.
Internet of Things (IoT)
Nowadays, there are a wide variety of devices in a business, and not all of them are monitored. IoT devices could pose a significant risk if businesses refuse to acknowledge and secure them. The number of devices will only increase, and most aren’t even categorized or tracked by the business. To put a stop to this, companies should set up a verifiable system of monitoring and create an inventory to stop breaches. As the number of endpoints continues to increase, businesses need to be more diligent in keeping an eye on every device present.
New Laws and Regulations
Last year, many rules and regulations were put in place to protect businesses and their employees from cyber threats. Instead of helping to decrease risks, cyber regulation enforcement could distract companies from what’s important. Businesses need to keep track of the new laws in 2019, but still focus on remaining proactive in defending themselves from threats. Finding an equilibrium between following regulations and building a strong security system is essential.
Employees
It’s difficult to understand, but one of the most common causes of cyber-security threats to a business is an employee. The problem is that employees don’t recognize the threat that they themselves pose. Every employee of a business affects cyber-security. It’s important to train your team and teach them the do’s and don’ts of your infrastructure and how to identify risks before they fall prey to them.