High Street Headache

August 2, 2010

Dealing With Next-generation Cyber Security Threats

Data breach incidents, transaction frauds and other cyber crimes have been on the rise in the recent years. This in turn has increased the need for secure identification and authentication methods. Threats to customers’ private/confidential data and cyber warfare have now become quite common. Hence, to keep a check on these threats as well as to ensure business sustenance and growth, companies have to implement precautionary measures.

In this digital era where important functions are carried out using computers, there is a constant need for an easy-to-use, reliable, scalable, secure system. And in order to fulfill this need, companies make use of a variety of tools and techniques. However, these techniques do not really succeed in resolving security issues. Today, what companies need is a new approach to deal with the problem of security- a policy framework to effectively manage compliance and ensure secure IT practices.

Below are some areas where organizations may go wrong when it comes to IT compliance and security:

How comprehensive (pervasive, inter-connected, synergistic) is your security policy? Shockingly most organizations have no IT security policy at all!

Cyber threats often being attributed only to computers, while mobile devices, internet usage and IMs are ignored

Lack of awareness among employees

Lack of a backup strategy in preventing data losses and insuring against business discontinuities.

Absence of expert guidance

Cyber security threats are very difficult to deal with, especially when organizations are not equipped with proper vulnerability and compliance management procedures. So what can enterprises do to equip themselves to deal with next generation security threats?

Here are some preventive measures, which can help companies to effectively deal with cyber security problems:

1. Frame a well-defined security policy that can ensure that your company’s information assets are well protected.

2. Control usage of Smartphone and other mobile devices, which can pose a threat to your data security through well-planned end-point-device security strategies.

3. Create awareness among employees about the importance of maintaining data confidentiality combined with the HR policies in terms of rewards and penalties.

4. Keep hackers at bay by setting up a secure gateway for your system and make sure that access is limited with proper authentication procedures.

Apart from all these, all organizations irrespective of the size should provide for effective data backup. While this is another major area of concern, often organizations tend to ignore its importance. Companies should understand that data saved on the computer is not always safe. Systems failure is quite common in enterprises, which can cause major data loss. Therefore, data backup is to be created from time-to-time and protected storage devices should be used to store the backup data.

As cybercrime continues to grow, companies have to adopt reliable, flexible, and affordable means of security for effective threat management, and to fulfill IT compliance requirements. Technology can make this happen.

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