Category: IT Management

You need more than the latest antivirus software to ensure your company’s network is secure. A cybersecurity audit helps you create a complete picture of your security strategy.

Cybercrime has grown into one of the epidemics of modern times. 

In 2018 alone, we saw 812.67 million instances of malware infection. Meanwhile, 2020 brought with it a 600% increase in cybercrime. And estimates state that ransomware attacks will cost companies over $6 trillion per year by 2021.

If you don’t prioritize cybersecurity, you place yourself and your company at risk of attack.

Now, it’s likely that you already have some strategies in place to combat hackers and other malicious cyber forces. However, you also need to feel sure that the measures you have in place are sufficient.

That’s where cybersecurity audits become important.

In this article, we examine what cybersecurity audits are and share some crucial tips for running one in your company.

WHAT IS A CYBERSECURITY AUDIT?

Think of an audit as a comprehensive examination of every cybersecurity strategy you’ve put in place. You have two goals with the audit:

• Identify any gaps in your system so you can fill them.
• Create an in-depth report that you can use to demonstrate your readiness to defend against cyber threats.

A typical audit contains three phases:

1. Assessment
2. Assignment
3. Audit

In the assessment phase, you examine the existing system. 

This involves checking your company’s computers, servers, software, and databases. You’ll also review how you assign access rights and examine any hardware or software you currently have in place to defend against attacks.

The assessment phase will likely highlight some security gaps that you need to act upon. And once that’s done, you move into the assignment. 

Here, you assign appropriate solutions to the issues identified. This may also involve assigning internal professionals to the task of implementing those solutions. However, you may also find that you need to bring external contractors on board to help with implementation.

Finally, you conclude with an audit. 

This takes place after you’ve implemented your proposed solution and is intended as a final check of your new system before you release it back into the company. This audit will primarily focus on ensuring that all installations, upgrades, and patches operate as expected.

THE THREE TIPS FOR A SUCCESSFUL CYBERSECURITY AUDIT

Now that you understand the phases of a cybersecurity audit, you need to know how to run an audit effectively such that it provides the information you need. After all, a poorly conducted audit may miss crucial security gaps, leaving your systems vulnerable to attack.

These three tips will help you conduct an effective cybersecurity audit in your company.

TIP #1 – ALWAYS CHECK FOR THE AGE OF EXISTING SECURITY SYSTEMS

There is no such thing as an evergreen security solution.

Cyber threats evolve constantly, with hackers and the like continually coming up with new ways to breach existing security protocols. Any system you’ve already implemented has an expiration date. Eventually, it will become ineffective against the new wave of cyber threats.

This means you always need to check the age of your company’s existing cybersecurity solutions.

Make sure to update your company’s systems whenever the manufacturer releases an update. But if the manufacturer no longer supports the software you’re using, this is a sign that you need to make a change.

TIP #2 – IDENTIFY YOUR THREATS

As you conduct your company’s cybersecurity audit, continuously ask yourself where you’re likely to experience the most significant threat.

For example, when auditing a system that contains a lot of customer information, data privacy is a crucial concern. In this situation, threats arise from weak passwords, phishing attacks, and malware. 

More threats can come internally, be they from malicious employees or through the mistaken provision of access rights to employees who shouldn’t be able to see specific data.

And sometimes, employees can leak data unknowingly.

For example, allowing employees to connect their own devices to your company network creates risk because you have no control over the security of those external devices.

The point is that you need to understand the potential threats you face before you can focus on implementing any solutions.

TIP #3 – CONSIDER HOW YOU WILL EDUCATE EMPLOYEES

You’ve identified the threats and have created plans to respond.

However, those plans mean little if employees do not know how to implement them. 

If you face an emergency, such as a data breach, and your employees don’t know how to respond, the cybersecurity audit is essentially useless.

To avoid this situation, you need to educate your employees on what to look out for and how to respond to cybersecurity threats. This often involves the creation of a plan that incorporates the following details:

• The various threat types you’ve identified and how to look out for them
• Where the employee can go to access additional information about a threat
• Who the employee should contact if they identify a threat
• How long it should take to rectify the threat
• Any rules you have in place about using external devices or accessing data stored on secure servers.

Remember, cybersecurity is not the IT department’s domain alone. It’s an ongoing concern that everybody within an organization must remain vigilant of. 

By educating employees about the threats present, and how to respond to them, you create a more robust defense against future attacks.

Audits Improve Security

Cybersecurity audits offer you a chance to evaluate your security protocols. 

They help you to identify issues and ensure that you’re up-to-date in regards to the latest cybersecurity threats. And without them, a business runs the risk of using outdated software to protect itself against ever-evolving attacks.

The need to stay up-to-date highlights the importance of cybersecurity audits.

However, your security solutions are not one-and-done. They require regular updating and re-examination to ensure they’re still fit for the purposes you’re using them for. As soon as they’re not, there will be vulnerabilities to your business that others can exploit.

Audits improve cybersecurity.

And improved cybersecurity means you and your customers can feel more confident.

If you’d like to conduct a cybersecurity audit but you’re unsure about whether you have the skills required to do so correctly, we can help. We’d love to have a quick 15-minute no-obligation chat to discuss your existing systems and how we may be able to help you to improve them.

Article used with permission from The Technology Press.

An effective way to bolster your business’s data security is to work with a Managed Service Provider (MSP) or I.T. Service Provider (ITSP). They address network vulnerabilities to prevent cybercriminals from exploiting them.

Besides monitoring and organizing your servers, a Managed Service Provider (MSP) or I.T. Service Provider (ITSP) plays a pivotal role in the cybersecurity program of your business. They implement several strategies to shield your network from attacks and protect your data. 

For instance, many providers use email authentication protocols to monitor your server’s vulnerabilities. They can keep users from accidentally accessing malicious websites by determining spam emails containing malware or viruses. This results in enhanced system security. 

Another common practice is training your employees to ensure they follow the highest security standards. This is especially important if you have remote team members since there’s no way to keep track of their activities. To tackle this issue, an MSP or ITSP teaches your staff how to operate safely to avoid harm to your company’s infrastructure and reputation. 

On top of that, an MSP or ITSP can neutralize various threats due to their proactive approach. They offer several tools such as firewalls and endpoint detection to control the traffic and stave off cyberattacks. Also, they can install antivirus software and email security to stop intrusion attempts. 

Needless to say, an MSP or ITSP can shield you from a wide array of cybersecurity issues. But it’s vital to work with the right provider. 

To ensure this happens, you should look for and abide by the best practices for an MSP or ITSP in the cybersecurity space. This article will examine what they are. 

THE 8 BEST PRACTICES

PRACTICE #1 – ENFORCE MULTI-FACTOR AUTHENTICATION (MFA)

Cybercriminals are becoming proficient at accessing your credentials, so it’s critical to enable MFA for all your users. 

It consists of three elements: a password, security token, and biometric verification. Consequently, if attackers breach one security layer, they’ll still have to do a lot of digging to access your information.

PRACTICE #2 – MAKE PATCHING A PRIORITY

Application and operating system exploits are common. Hackers target them to access your system and compromise your data, but you can prevent this through regular patching. 

Making sure your system is up to date with the latest security standards decreases the risk of exploitation. 

PRACTICE #3 – CONDUCT REGULAR CYBERSECURITY AUDITS

An MSP or ITSP must be aware of onboarding, offboarding, and lateral movements within an organization. This warrants frequent cybersecurity audits to assess the competency of your team. 

Many MSPs or ITSPs hire third-party companies to perform their security audits. They can detect if a person who no longer needs access to the network still has it. It’s something that can endanger the client’s information, especially if the individual is a former employee. 

Conducting regular audits mitigates this risk. It enables an MSP or ITSP to implement some of the most effective access privilege limitations: 

• IP restrictions – These security measures ensure that only users who can access your local network can utilize remote administration tools. 
• RMM software updates – Software vendors typically dispatch updates to fix vulnerabilities and patch numerous security gaps. 
• RDP (Remote Desktop Protocol) Security – This Windows native administration tool reduces the chances of ransomware attacks in your organization. 

PRACTICE #4 – HAVE AN OFF-SITE BACKUP

Backups are crucial for tackling malicious activities and ensuring operational continuity after cyberattacks. 

They also help address whether the company and its clients can access the latest version of their data and applications. This feature is vital for enterprises that must adhere to compliance requirements, including PCI-DSS and HIPAA. 

But besides implementing on-site backups, your MSP or ITSP should also set up off-site versions. If attackers compromise your RMM software, they can most likely reach on-site backups, too. 

So, to avoid disasters, businesses should have an off-site backup accessible to only a few people. It should also be offline for greater security. 

PRACTICE #5 – INCORPORATE LOG MONITORING

Log monitoring is analyzing your logs for potential glitches. As an MSP or ITSP scrutinizes your records, they can detect traffic from harmful sources and provide a clear idea of threat patterns. And over time, they can deploy countermeasures to seal these gaps. 

For example, cybersecurity experts use reliable security information and event management (SIEM) tools. They facilitate scanning through piles of information to enable faster threat detection.

PRACTICE #6 – LAUNCH PHISHING CAMPAIGNS

Phishing cybercriminals target your team members with emails or text messages, posing as legitimate institutions to steal your data. Unfortunately, most attacks succeed because of human error, meaning your MSP or ITSP should be aware of and monitor employees’ behavior. 

Setting up fake phishing campaigns is a great way to test your team’s ability to respond to phishing attacks. It allows you to pinpoint and improve inadequate responses, bolstering data security. 

PRACTICE #7 – CHOOSE YOUR SOFTWARE CAREFULLY AND SECURE ENDPOINTS

From small browser plugins to large-scale business systems, be sure your providers take data protection and cybersecurity seriously. Learn about their commitment to these aspects before purchasing their application. 

Furthermore, employ web filtering tools, antivirus software, and email authentication to fend off ransomware attacks through malicious emails. Ensure each endpoint and your virus definition library are secure and up to date with the latest standards. 

PRACTICE #8 – SET ALERTS AND DOCUMENT EVERYTHING

An MSP or ITSP that configures their systems to receive alerts upon system changes can work proactively and tackle threats early on. Many platforms automate this process through rules templates, personalization, and direct tickets to the PSA. This eliminates manual digging, saving precious time. 

Another useful strategy is to document your cybersecurity information, such as your defense mechanisms, emergency guidelines, and disaster recovery plans. You should also review it regularly to help pre-empt cyberattacks.

CYBERSECURITY IS PARAMOUNT

While digitalization has significantly streamlined your operations, it’s also made you more susceptible to data theft. 

To ensure cybercriminals don’t get their hands on valuable information and ruin your reputation, your MSP or ITSP needs to adopt well-established security practices. 

But if your provider hasn’t introduced off-site backups, regular patches, and employee training, you’re not getting your money’s worth. Hence, you may be frustrated since your provider isn’t delivering the necessary results. 

This makes you a sitting duck for cybercriminals. You need to resolve the issue as soon as possible. 

We can help you do so. Reach out to us for a quick 15-minute chat, and our tech experts will do their best to show you a way out of your cybersecurity dead end.

Article used with permission from The Technology Press.