Cyber Safe or Sorry: Mitigating Risks

#Cybersecurity has [finally] become a top priority for businesses in today's digital age. With the increasing number and sophistication of #cyberattacks, organizations are now prioritizing their cybersecurity efforts to protect their sensitive information and financial assets as we have seen a rise in high-profile in attacks:

• ProxyLogon: One of the most damaging recent cyberattacks was a Microsoft Exchange server compromise that resulted in several zero-day vulnerabilities. The vulnerabilities, known as ProxyLogon and initially launched by the Hafnium hacking group, were first spotted by Microsoft in January and patched in March. However, more groups joined Hafnium in attacking unpatched systems, resulting in thousands of organizations being compromised.?
• Colonial Pipeline Attack: #Ransomware attack launched by the DarkSide hacking group, which led to fuel disruption and mass panic buying across the U.S, really highlights the real-world effects of today's cyber attacks, whether state-sponsored or not.

But what to do?

There are several best practices and techniques that organizations can adopt to #mitigaterisk associated with cybersecurity threats. These include the basics: implementing MFA, regularly updating software and systems, backing up important data, and providing employee training on cyber security.

Having a well-defined incident response plan in place is critical in the event of a cyber attack. This plan can outline the steps that an organization should take in the event of an attack, including the roles and responsibilities of each team member, communication protocols, and incident escalation procedures. Table runs can help organizations respond quickly and effectively in the event of a breach.

Regular risk assessments can help organizations identify and prioritize their cybersecurity risks, and develop strategies to address them. This process involves identifying potential threats, evaluating the likelihood and impact of each threat, and implementing appropriate controls to mitigate the risks. This can also help the budgets! Knowing what is valuable and where resources should be spent is imperative to a good security plan.

It's exciting to see organizations turning the corner in their cybersecurity tactics and implementing stronger security measures. Having a robust incident response plan, and regularly assessing and mitigating risks can help organizations stay one step ahead of constantly evolving threats.