Are You Overwhelmed By Cybersecurity?
The amount of work it would take to make your organization truly secure is probably enough to make your head spin. Looking for some expert guidance? BC Networks’ Cybersecurity Roadmap shows you the steps you need to take to protect your organization’s data.
If you’re in charge of your organization’s cybersecurity, then you’re in a tough spot.
On one hand, you have the constant, growing threat of cybercrime. But in order to defend against that threat, you have to be an expert in a long list of cybersecurity technologies and best practices.
It’s probably overwhelming for you, to say the least. You’re reading this article, so you must be a little concerned about how well your organization’s data is being protected.
You’re right to feel that way, for two primary reasons:
- The threat is real – It’s estimated that the global cybercrime industry will cause up to $6 trillion in damages in just a few years. Today, the average phishing attack costs businesses $1.6 million, and the average ransomware payout is $116,000.
- You’re a target – It doesn’t matter whether you’re a big target for cybercriminals like Capital One, or a small organization – 43% of all breaches involved small businesses in 2019.
The BC Networks team gets a lot of calls from people in your position — people who want to keep their organization’s data safe, but need expert assistance to do so.
Here’s how we help…
BC Network’s 5-Step Roadmap To Confident Cybersecurity
Our clients trust us to take care of their cybersecurity because we can show them our carefully-developed process for doing so.
They don’t have to take a leap of faith — we guide them through our Cybersecurity Roadmap to make sure they know they’re secure:
This is the latest in endpoint protection that leverages AI to protect all endpoint devices, such as workstations & laptops on Windows, Linux & Apple OS.
Security Awareness Training
This is an automated training program that teaches end-users about best security practices & proper etiquette. This service also includes automated phishing testing by sending simulated phishing email messages to your staff and testing whether or not they would click on a malicious link. If they fail the test, then they are redirected to an additional training video and the success/failure of these events are recorded and reported to management monthly for review.
Multi-Factor Authentication (MFA) & Mobile Device Management (MDM)
When you log in to an account that has MFA enabled, in addition to entering your password, you must either enter in an added generated code, or authorize login with a “push” request to a secondary device. In the event your password is compromised, your account can remain secure as the cybercriminal is unable to authenticate the secondary requirement.
There is a range of options for generating the MFA codes:
- Receiving a text message
- Using a dedicated authenticator application
- Possessing a physical device on which you must push a button to verify that you are the authorized user of that account
The protection that MFA adds allows you use your passwords for a longer length of time between password resets, and in the event that your service provider is compromised and your email and password end up in an open database on the open web, you will have time to change your password before your individual account is compromised.
It is no surprise that mobile devices are continuing to become a bigger and bigger part of the business world as companies begin to adopt “Bring Your Own Device” policies for their employees. What’s surprising is how unprepared some businesses are for this new step is professional technology. If mobile devices are a part of your business’ process, we can provide effective device encryption, strong security measures (PINs, thumbprint scanners, etc.) and remote wipe capability in the event of a lost or stolen device
Regular scans of your IT assets are vital to your security. Any overlooked weakness in your systems could leave you vulnerable to an external threat.
By scanning and identifying vulnerabilities, we can then apply the right remedies whether it’s a software patch, an OS upgrade, or a solution to a coding error on your website. Furthermore, it’s important that you never ignore software update notifications. Software updates are not just made to improve the functionality of a certain software; they also serve as a patch for recently identified vulnerabilities that can be exploited by hackers.
Security Policy & Compliance Manager
This system ensures that the proper security policies are in place to maintain compliance with systems such as PCI & HIPAA.
These solutions and practices won’t just proactively protect your business either — they will help you reduce financial losses in the event a breach does occur as well. Without these cybersecurity standards in place, you may not be covered by a cybersecurity insurance policy.
Can You Qualify For Cybersecurity Insurance?
What we are seeing in the industry is that insurance companies issuing Cybersecurity Insurance are requiring that these solutions (in addition to Firewall & Disaster Recovery) are in place. If an incident were to occur, and a claim submitted, they may either substantially limit or refuse a payout, based on the lack of any of these systems being in place.
Cyber liability insurance is designed to help businesses cover the recovery costs associated with any kind of cybersecurity incident including:
- Breach And Event Response Coverage: A very general and high-level form of coverage, this covers a range of costs likely to be incurred in the fallout of a cybercrime event, such as forensic and investigative services; breach notification services (which could include legal fees, call center, mailing of materials, etc.); identity and fraud monitoring expenses; public relations and event management.
- Liability Coverage: This type of coverage protects the policyholder and any insured individuals from the risks of liabilities that are a result of lawsuits or similar claims. Put simply, if you’re sued for claims that come within the coverage of the insurance policy, then this type of coverage will protect you. There is a range of types of cyber liability insurance liability coverage, which include:
- Privacy liability: This applies to the costs of defense and liability when there has been a failure to stop unauthorized use/access of confidential information (which may also include the failure of others with whom you have entrusted data). Coverage can also extend to include personally identifiable information and confidential information of a third party.
- Security liability: On a higher level, this type of coverage applies to the costs of defense and liability for the failure of system security to prevent or mitigate a computer-based cyber attack, which may include the propagation of a virus or a denial of service. An important note — failure of system security also includes failure of written policies and procedures (or failure to write them in the first place) that address secure technology use.
- Cyber extortion: This type of cybercrime event is generally a form of a ransomware attack, in which a cybercriminal keeps encrypted data inaccessible (or, alternatively, threatens to expose sensitive data) unless a ransom is paid. Coverage of this type addresses the costs of consultants and ransoms, including cryptocurrencies, for threats related to interrupting systems and releasing private information.
BC Networks Helps You Develop Cybersecurity In Which You Can Be Confident
Don’t let your cybersecurity suffer, and don’t assume you have to handle it all on your own. You can start improving your cybersecurity in three simple steps:
- Book a meeting with our team at a time that works for you.
- Let us assess your cybersecurity and address any vulnerabilities.
- Get back to focusing on your work, instead of worrying about your cybersecurity.