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Does Your Organization Need A Cybersecurity Policy?

How cyber security is related to technology and business?

17Feb

Technology advances every second of every day and cyber criminals are always one step ahead. The internet of things means we are always connected, which makes it alarmingly easy for hackers to intercept data and implement damaging cyber attacks. Most organizations are unprepared for cyber attacks, but cyber security breaches are on the rise. Intellectual property theft has increased by 50% and ransomware attacks are fast becoming the go-to strategy for cyber criminals to extract money from vulnerable businesses.

You can spend as much money as you like on web design, but a great website won’t help your business if hackers are able to use a backdoor to gain access. The same applies to the people working within your organization – including management. Your employees are your biggest asset, but if they are not trained to protect themselves and their devices against cyber attacks, your business is vulnerable on numerous fronts.

Developing a Cyber Security Policy

Developing a cyber security policy is the best way to prevent cyber attacks. This will help ensure your business and client data remains secure at all times, across all internet channels.

Prevention is always better than cure. Cyber attacks are enormously disruptive, both for you and your clients. Never underestimate how damaging a loss of trust can be to a business’s reputation. If your website is hacked by cyber criminals and confidential client data sold online, you could lose clients and face. In a challenging economic climate, this level of damage is enough to sink many businesses.

Business Compliance with Data Protection Law

Some businesses are required to have a cyber security plan in place to remain compliant with various regulatory bodies. Many countries have strict data protection laws in place, which require that data breaches are reported to government. Without an effective cyber security policy in place, you could be in breach of the recommended guidelines.

Cyber Security Policy Guidelines

A cyber security plan can be simple or complex, but either way, it’s important to acknowledge the threat you are facing. Your policy should address all potential security issues within the business, in particular, emails and websites. Once you have conducted a thorough risk assessment, it’s time to formulate a set of rules employees must follow to protect devices in the business. These could include simple guidelines for creating secure passwords to a recommendation that a department is set up to monitor cyber threats.

Employee Cyber Security Training is Essential

Training is essential. Issuing a document outlining company policy is not enough. For one it might not be read, and for another, not everyone will implement the policy’s guidelines without training. An informal chat over the water cooler is not enough. Instead, organize a half- or full-day training session where risks are assessed and guidelines are discussed in detail, so everyone is fully aware of their responsibilities. Monitor training sessions so that nobody misses out. One person needs to be in charge of making sure everyone sticks to the policy guidelines.

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