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Cybersecurity has become a boardroom priority with far-reaching implications for businesscontinuity and reputation. It requires a new mindset that acknowledges the decentralized nature of our digital world and emphasizes continuous verification and adaptation for security.
Security: Protecting your backups is the last line of defense As ransomware and malware evolve, attackers increasingly target backup systems traditionally considered the last line of defense. After malware has encrypted critical data, no one wants to discover that recoverable backups dont exist.
From embedding malware or a phishing link in a document to manipulated or outright forged documents and other types of cyber fraud, the increase in document-related attacks cannot be ignored, especially if your company handles tax forms, business filings, or bank statements–the three types of most frequently manipulated documents.
If malware is detected on workplace computers, these devices must be promptly disconnected from the network to prevent further spread. The focus now shifts to ensuring businesscontinuity. A well-structured BCP ensures that critical operations can continue or resume swiftly. ISO 22301:2019 is a leading framework here.
Multi-factor authentication (MFA): MFA ensures that access to critical systems is granted only after verifying user credentials through multiple channels. Lessons learned Segmentation of networks: IT and OT systems must be isolated to prevent malware from spreading. This significantly reduces the risk of unauthorized access.
Specific ransomware and malware strains affecting schools. Aside from ransomware, malware has also been a problem for K-12 schools. Though not as prevalent as ransomware and malware, there have been reports of DDoS attacks on schools, as well as video conference interruptions by cyber actors. Now, let's look at some specifics.
Ransomware: Whilst ransomware is less common than BEC and cyber-enabled fraud, the business impact of ransomware attacks can be disastrous. Approximately 40% of attacks on sports organizations involved malware. Make basic attacks more difficult: Implement Multi-Factor Authentication (MFA) for important services such as email accounts.
You have a BusinessContinuity Plan. But do you have a Business Email Compromise (BEC) Incident Response Plan? Weaponization - While most BEC attacks don't involve malware, it isn't completely unheard of. You have a Disaster Recovery Plan and a Cyber Incident Response Plan.
Kip Boyle, vCISO, Cyber Risk Opportunities LLC: The Challenge of Cultivating Buy-in from Leadership and Employees "Cybersecurity professionals will continue to face a critical challenge: cultivating genuine buy-in from both senior leaders and employees. Let me unpack what I mean. could reduce identity theft and build trust online.
In the event of a security incident, such as a data breach or malware attack, the MSSP springs into action. This proactive approach helps maintain a strong security posture and demonstrates the provider’s commitment to continuous improvement.
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