Digital security is an increasingly important concern for businesses of all sizes. However, many organizations still make common mistakes that leave them vulnerable to attack. This puts extremely sensitive information, including business account details, company finances and ledgers, client information and security details at risk. If not taken seriously, Tommy Shek believes that poor digital security could become the cause of a company’s demise.
List of Common Mistakes Businesses Make in Digital Security
1. Not having a dedicated digital security team or budget
Many businesses fail to invest in digital security due to lack of understanding of the importance or because they believe it is too expensive. However, not dedicating adequate resources to digital security can be far more costly in the long run if your business falls victim to a cyberattack. Make sure to allocate both a budget and personnel to focus on this critical area.
2. Relying on outdated security protocols
Outdated security protocols are often easy for hackers to exploit. For example, older versions of the Transport Layer Security (TLS) protocol have been shown to be vulnerable to attack. Be sure to keep your security protocols up-to-date to ensure that you are as protected as possible.
3. Failing to properly train employees in digital security best practices
One of the most common ways that businesses fall victim to cyberattacks is through employee error. Make sure that all of your employees are properly trained in digital security best practices, such as not clicking on links in emails from unknown senders or responding to phishing attempts.
4. Not regularly testing and updating security systems
Just as you would test and update your physical security systems on a regular basis, it is important to do the same for your digital security systems. This includes both your network security and your endpoint security. Regular testing will help ensure that your systems are effective and able to withstand attacks.
5. Neglecting to monitor employee activity online
Another common mistake businesses make is failing to monitor employee activity online. This can include both monitoring activities on company-owned devices as well as personal devices that are used for work purposes. By keeping an eye on employee activity, you can quickly spot potential security threats and take steps to mitigate them.
6. Ignoring user feedback about potential security concerns
If your employees or customers notice any potential security concerns, it is important to take them seriously and investigate further. Ignoring such feedback could leave you vulnerable to attack.
7. Failing to invest in adequate cyber insurance coverage
Tommy Shek believes that despite the increasing importance of digital security, many businesses still do not have adequate cyber insurance coverage. This coverage can help protect your business in the event of a data breach or other cyberattack. Be sure to work with your insurance provider to ensure that you have the right coverage for your business.
8. Not having a comprehensive incident response plan in place in the event of a breach
If your business does fall victim to a cyberattack, it is important to have a comprehensive incident response plan in place. This plan should include steps for containment, eradication, and recovery. By having such a plan in place, you can minimize the damage caused by an attack and get your business back up and running as quickly as possible.
Tommy Shek emphasizes that nowadays digital security is an essential concern for all businesses. By taking steps to avoid common mistakes, you can help keep your business safe from attack.