Our vision is to revolutionize and automate the loan servicing workflow of the global financial community.
5 Biggest Cybersecurity Mistakes That Businesses Make and How to Avoid Them
Many companies take cybersecurity for granted and do not follow the best security practices when it comes to their business and information. Getting ahead of any mistakes helps businesses avoid costly and time-consuming mistakes for both them and their customers.
There are many different things to consider when it comes to cybersecurity. Businesses want to make it as hard as possible for criminals to steal their companies and clients' precious information so they should follow some of the industry's best practices and tips to avoid a security breach. Here are five of the biggest cybersecurity mistakes that businesses make and how to avoid them.
Assuming It Will Not Happen to YouMany companies of various industries do not believe they are a likely target for a cybersecurity breach. However, it can and does happen to companies of all sizes, in all industries. You must prepare for an attack. Create a plan and prepare ahead of time in case something happens.
Having Untrained StaffYour staff is key to your web security but if you do not train them, they cannot help you. Cybersecurity criminals will target the staff of a company that has a strong security posture. Oftentimes, a phishing attack or social engineering is their best chance to obtain the data they’re looking to steal.
Train your staff in cybersecurity and train them to notice when things do not seem quite right. Your staff should have a clear, easy to follow plan of action should they encounter an email or other correspondence they find suspicious. Your staff should know what to look out for, including emails sent asking for passwords or other sensitive information, and usually in an urgent, time sensitive manner. This way, they will be able to help you and prevent bad things from happening.
Not Updating Your NetworkKeeping your network up to date is the least that you can do to avoid being the target of a cyber-attack. Software providers make these updates in large part to better secure existing software from known vulnerabilities to attacks. Updating your business software is the only way to apply these additional security measures provided by your IT vendors. This is a crucial step that many businesses take for granted in their efforts to avoid being hacked and attacked.
It seems like a no brainer, but it cannot be stressed enough that one of the easiest ways a business can avoid being a victim is to keep their network up to date on a continual basis. Businesses should follow some of the best practices and tips to avoid a security breach. This will make it more difficult for criminals to steal company and client information.
Approaching Security as Just an IT (Information Technology) IssueSecurity is not merely an IT issue to deal with. There is without a doubt the human element to security. This is why training your staff is so important. To increase your defenses from a cyberattack, the entire organization must understand the importance of always having a defensive posture. This includes correspondence both internally and externally, as well as properly securing important documents.
Cybersecurity criminals will attack what they feel is the least defended position of an organization. If the IT department is the only one taking cybersecurity seriously, it may leave much of an organization vulnerable to an attack.
Little to No EncryptionEncryption is of the utmost importance when it comes to keeping clients' and customers' data secure. By using encryption, a company can be assured that their data is protected and out of harm's way from hackers and sabotage. One overlooked area of encryption is email correspondence. Emails containing sensitive information should be properly encrypted internally and externally.
Shaw’s Enterprise Security Operations Center provides cyber threat visibility and monitoring. Shaw provides network intrusion detection, vulnerability scanning, log collection and monitoring, and 24x7 incident generation and triage. Our Security Operations Center partners with Artic Wolf to provide state-of-the-art cyber monitoring and security. We value peace of mind and security when it comes to our business and our clients.
If you would like more information about our loan servicing software or how we handle security, please contact us at email@example.com or 713.782.7730. We look forward to hearing from you!