Dealing with one area of concern often unearths several new problems.It’s tough to know how much energy and financial resources you should devote to digital security – and it can feel like you’re facing these challenges alone.
Crowe has the industry-specific knowledge to identify what threats are most harmful to your business – because we see this a lot.
As the nation transitions into the endemic phase and more employees start to return to work in the office, companies should maintain their guard and continue to assess their vulnerability risks to cybersecurity threats and ensure that the appropriate controls are implemented to address such risks.
Authentication allows a Company to confirm the identity of employees who are trying to access the Company’s IT resources. Multiple, robust forms of authentication can be considered including Multi-Factor Authentication (“MFA”) where, if a username or password is compromised, the second line of defense should kick-in, e.g. push notification to a phone or even biometric authentication such as fingerprints.
Furthermore, passwords should be strengthened and multi-factor authentication should only go into devices that have been previously verified and enrolled.
In addition, regular backup of important data is necessary and restoration tests should also be performed to test the integrity of the backed-up data.
Awareness training will help staff to anticipate, recognise and act on perceived threats. The ultimate goal would be to minimise the number of staff who would respond to an attacker while maximising the number of employees who would alert the company to the suspicious activity.
To aid in the above, the company should also implement malicious content filtering to prevent email-based attacks, besides strengthening their web filters and firewalls to restrict communication with malicious sites and potential attackers.
Monitoring & Testing
Companies should set up monitoring solutions to collect and monitor systems’ data to identify and alert them on suspicious activity in order to respond accordingly in a timely manner. Periodic testing of the environment, e.g. penetration tests and simulation exercises can provide good insights into security gaps, risky processes, or network vulnerabilities.