It is a well-known fact that most of the corporate organizations have been the target of black-hats and hacktivist groups, and they were experiencing data breaches, server compromises, and much more, over the past few years in a large scale. Have you ever wondered why these corporate biggies even with all the modern technology and infrastructure, let the hackers access their network for stealing customer data and sensitive files?
This is because these corporate organizations lack the knowledge and awareness of cybersecurity and data protection. Besides that, these organizations were also requiring the knowledge to understand the threat vectors on the internet and its risk factors. For example, Equifax firm data breach caused the data loss of millions of customers, due to a vulnerability in an apache strut server. In this blog, we will be discussing ten critical Cybersecurity risks possible for a corporate environment.
- Failure to Cover Cybersecurity Basics
- Lack of Information Security Policy
- Bring Your Device (BYOD) Policy
- Lack of Information Security Training and Awareness
- Lack of Recovery Plan
- Lack of knowledge about security risks
- Ageing Infrastructure
- Lack of Accountability
- Constantly Evolving Threats and Risk
- Corporate Inflexibility
- How Briskinfosec helps you?
- Curious to read our case studies?
- Last but not the least
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Failure to cover cybersecurity Basics
Most of the organisations fail to cover its infrastructure with a basic level of cybersecurity controls. Lack of such cybersecurity measures gives a large attack surface for the hackers to use a simple common vulnerability to compromise a server, or get a foothold onto internal network.
“The top 10 external vulnerabilities accounted for nearly 52 percent of all identified external vulnerabilities and thousands of vulnerabilities account for the other 48 percent”, says a source from NTT group threat intelligence report.
Another example would be lacking to patch all the servers and workstations promptly, which would costed for the 78% of internal vulnerabilities. This can be exploited by insider threats or various other attack methods like social engineering.
Lack of Information Security Policy
Information Security Policy should be a ‘must have’ for an organization in the list of corporate management policies. An information security policy provides a complete overview of an organization’s security posture and also it gives a right amount of knowledge to the employees about the security of their devices.
As a part of information security policy, companies can
Develop policies, procedures and establish governance
Identify risks related to cybersecurity
Protect the network and data of the companies.
Bring Your Device Policy (BYOD)
Bring Your Device (BYOD) is an organization level policy which allows employees to bring their own devices like laptops, mobile phones etc., into the organization premises. BYOD policy was implemented with the aim of giving employees better conditions to work and to provide more flexibility.
Even though BYOD provides flexible working conditions, an employee’s device for example, his mobile phone, may become a threat vector. BYOD policy is not secure due to factors like connecting an infected mobile phone or laptop to the company network, doing unsafe downloads, clicking the phishing pages and malware launched by attackers through emails, etc.
Lack of Information security Training and awareness
Giving awareness training and proper information security knowledge to all the employees of a company is one of the critical points to be considered while creating the HR policies for an organization. Security training for both current and new employees is a high priority for any organization.
Lack of information security training may lead to data breaches and threats to the company, either by social engineering attacks carried out on employees, or through other ways like spear phishing emails.
Lack of Recovery Plan
It is essential for every organization to have a backup recovery plan in their incident response policies, so that they can be prepared to mitigate any cyberattacks and data breaches without losing much of their data, money, or reputation.
Poor recovery plan, or lack of recovery plan leads to some disastrous results during a data breach, as incident response alone isn’t sufficient to block the attacks.
Lack of knowledge on Security Risk
Security Risk is the term used to refer to the impacts and repercussions a company has to face, once its data and networks get breached by some group of hackers and threat vectors.
Risk Assessment and Management are significant fields of information security which gives a right amount of knowledge on assessing and mitigating the risk of data loss and network breaches. Organizations must have risk assessment and management teams in place to reduce the impacts of a hack.
A well-built and secure infrastructure is also a necessary component of information security. It's not always only about securing and hardening the hardware and software of the organization. It’s also highly essential to have a secure infrastructure to meet the requirements of cybersecurity compliance.
Lack of accountability
Lack of accountability on the employees of a company is another primary reason for company’s exposure to cyber threats and data breach. Being able to trust your employees and colleagues is vital in moments when the pressure is high, and when stakes are even higher. You need to have designated people in your company who can make the right decisions during pressurized situations. This accountability ensures a better security posture to the company.
Constantly Evolving Risk and Threats
The advancements in information technology has provided a lot of uses for the end consumers and people, working on IT related infrastructure. But, the fact which every company fails to understand is that with the advancement of technology, the threat vectors and the vulnerabilities associated with the technology also evolves. More the application is user-friendly, the more it will be vulnerable to threats vectors.
When the organization is significant (with a lot of employees and sectors), it will move slowly and take a long time to resolve every request, and process every procedure. The problem with inflexibility in a corporate environment is that, if a data breach or network breach has happened, it will take a lot more time to assess the vulnerability, and then to mitigate the risk.
The problem with inflexibility is to mitigate the risk and resolve the vulnerability by patching the servers and network. For this, a low-level security engineer or analyst needs to get approval from his top-level managers, where the manager needs to get approval from his high-level chief information security officer and management.
The above-explained points are top 10 critical cybersecurity risks that every corporate infrastructure is facing in today’s modern world. These problems don’t seem to be depleting by time but are incessantly proliferating. As a result of these dynamic catastrophes, it is of unavoidable necessity to approach a dexterous cyber security vendor for securing the data of your organization before the reputation gets tarnished.
How Briskinfosec helps you?
Briskinfosec continually helps the corporate organizations to resolve these risks by giving them constant and cutting edge information security services. Further, we also provide them dedicated support through our competent works of Vulnerability Management, Penetration Testing, Cyber security awareness, Conducting workshops on regular basis, and much more.
Curious to read our case studies?
The various scenarios of our security assessments, done to various organizations, have been prepared as case studies. Check out them now and know the way we made our clients elated by sorting out the vulnerabilities that were lurking secretly in their applications.
Last but not the least:
A path of thorns and A path of roses – both of these are differentiated by the way desired things are procured. With regards to cyberattacks, there are two ways to perceive sight of the latest and dreadful cyberattacks, the losses faced by the companies, and much more. One is by searching randomly through search engines, which is lucidly a path of thorns. While the other is by just clicking on our Threatsploit Adversary report, evidently a path of roses. Just click our report and get the globally occurred cyberattacks, in front of you.
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