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Protecting Your Business from Cyber Attacks: A Comprehensive Guide


protecting your business from cyber attacks

Everything nowadays is digital. Thus, cybersecurity is something that everyone is talking about. Cyberattacks can harm a company's finances and reputation, which can be difficult to recover. Cyberattacks are becoming more complex alongside the development of technology. Professionals recognize the significance of cybersecurity and take the appropriate precautions to safeguard themselves and their companies.


Enhance cybersecurity skills and knowledge through training and certification programs. GemRain offers personalized cybersecurity training to equip professionals with the necessary expertise to combat evolving cyber threats. Strengthen internet security and demonstrate competence in the field.

Data breaches throughout the year

  1. Yahoo data breach (August 2013): Compromised 3 billion user accounts, including passwords, payment card data, and bank information. Increased risk of identity theft.

  2. Aadhaar data breach (March 2018): Personal information of over a billion Indian citizens leaked from the world's largest biometric database, exposing names, identity numbers, and bank details. Included photographs and other identifying details.

  3. Alibaba data breach (July 2022): Exposed customer data, including names, ID numbers, addresses, and criminal records. Massive criticism for unprotected servers and handling sensitive government information.

  4. First American Financial Corporation leak (May 2019): Leaked 885 million sensitive records, including bank account details and social security numbers. No reports of customer information being stolen.

  5. Verifications.io data exposure (February 2019): Exposed 763 million email addresses, names, phone numbers, and more due to a website configuration error.

  6. LinkedIn data scrape (June 2021): Personal information of 700 million users, including email addresses, names, phone numbers, and social media accounts, posted for sale. LinkedIn claimed it was a violation of their terms of service.



Cybersecurity Best Practices:


It is impossible to overstate the importance of rigorous cybersecurity measures in today's interconnected society. This means regularly installing software updates and patches to fix known security vulnerabilities and help protect against cyber threats.


Through cybersecurity training and certification, professionals can develop expertise in identifying and mitigating advanced cyber threats, such as ransomware attacks and data breaches. They acquire the necessary skills to conduct thorough vulnerability assessments, implement robust security controls, and establish incident response plans, strengthening overall cyber resilience.


Use strong passwords and multi-factor authentication.

  • Using strong passwords and multi-factor authentication is another important cybersecurity best practice. You increase the risk of identity theft when you use the same password for many accounts or have weak passwords. To log in to an account using multi-factor authentication, a code must be provided to the user's mobile device in addition to the usual password. Professionals who have received cybersecurity training and certification are more equipped to manage complex passwords and deploy multi-factor authentication in the face of growing cyber threats.


Educate and train employees on cybersecurity topics.

  • Cybersecurity education and training are crucial to strengthening organizational defenses against cyber attacks. Employees who receive regular training are more equipped to recognize and counteract possible threats, avoiding breaches and bolstering overall security. Businesses may successfully defend against growing cyber threats and secure sensitive information by having knowledgeable and alert staff.


Regular backup of important data

  • You must perform regular data backups to safeguard your company from data loss and irreversible harm brought on by a cyberattack or data breach. Professionals with cybersecurity training and certification have the knowledge and abilities to protect against cyber risks, including building and maintaining secure backups of critical data. Businesses may reduce the effect of future attacks and ensure the resilience of their data by putting this security solution in place.


Use firewalls, antivirus software, and other security tools.

  • Utilizing extensive security measures, including firewalls, antivirus software, and other similar tools, is essential to implementing effective cybersecurity measures. These tools can protect computers from malware and other forms of cyberattacks. Certified professionals can better protect their organizations from cyber threats by selecting, implementing and managing the most appropriate security tools.



Common Cyber Threats and How to Mitigate Them:


Phishing attack:

Infiltrating personal data through a deceitful manoeuvre is called "phishing". This scheme often involves a legitimate email or website requesting sensitive information from unsuspecting individuals who unknowingly disclose their private credentials to malicious actors. Two-factor authentication and checking the email domain a few times can help prevent you from falling for this scam.


Malware and Ransomware:

Numerous cyber threats have emerged in recent years, two particularly prominent: Malware and Ransomware. Malware refers to destructive software that can infiltrate devices without consent or authorization from users. At the same time, Ransomware is an extortion-based attack on computer systems whereby perpetrators demand ransom payments for releasing seized data.


These dangerous attacks can cause financial losses and damage critical infrastructure. Everyone must stay alert against these evolving risks posed by malicious actors for personal gain, which can have devastating consequences if ignored.


DDoS attack:

Distributed denial of service (DDoS) is when hackers overload the targeted system or network with copious amounts of data, rendering it useless. The topic of defending against DDoS attacks and gaining knowledge about it can be procured through cybersecurity courses where concepts like load balancing techniques, server configuration and network security are taught.


Therefore qualified professionals who have undergone training in preventing such attacks can reduce downtime significantly while protecting their organizations from major financial loss.

Certified Information Security Manager

Insider Threat:

The underlying risk posed by individuals within an organization, known as insider threat, is a critical and pressing concern. It entails the potential for employees or other insiders to compromise sensitive data through various means such as theft, espionage activities, fraud or any intentional/unintentional sabotage directed at undermining the security posture of their employer.


Organizations face financial losses and reputation damage due to social engineering. Regular training helps identify early warning signs and protect against external and internal threats.


Social engineering attack:

A tactic of manipulation referred to as social engineering attack involves the exploitation and deception of individuals into divulging confidential or sensitive information. Such an attack typically employs persuasive techniques that exploit human emotion, curiosity, trust, fear or sympathy to trick victims into revealing passwords, credit card numbers or other personal data which can be used for malicious purposes such as identity theft. These attacks may come through phishing emails designed with hyperlinks leading recipients to fake websites impersonating legitimate sources in hopes they will input their information without suspicion.


Certified Penetration Tester


Ways to identify and prevent these threats:


Numerous techniques exist for detecting and avoiding cyber risks within the workplace. Among these means are enforcing rigorous restrictions on computer access, utilizing data encryption to safeguard valuable information, overseeing network operations continually, and maintaining up-to-date hardware and software applications.


Risk Management and Incident Response:

Developing an incident response plan is essential for anyone working in cybersecurity. An incident response plan is important because it outlines the steps to be taken during a cybersecurity incident. As you develop your project, you should explain who to contact in an emergency, the steps to mitigate the event's impact, and how to get things back to normal. Responding quickly and efficiently to potential incidents is essential for any cybersecurity professional.


Finally, regularly testing and revising your incident response plan is critical to ensuring its effectiveness. Evolving cyber threats require incident response plans to be updated to reflect these changes. By regularly evaluating and revising the plan, cybersecurity professionals can ensure it remains effective and up-to-date. CertNexus CyberSec First Responder (CFR) certification prepares professionals for risk management and incident response. It validates foundational knowledge and skills in assessing threats, reducing vulnerabilities, and effectively responding to cybersecurity incidents, making systems more secure.

CertNexus CFR: CyberSec First Responder

Compliance and Regulations:

Several policies and laws in Malaysia govern cybersecurity compliance. Data users in specific industries must register under the Personal Data Protection Act of 2010, which is severely enforced. The maximum penalty is three years in prison and/or a fine of up to RM500,000. You'll have to deal with the consequences if you breach the law.

Creating the National Cyber Security Agency (NACSA) and enforcing the National Cyber Security Policy in 2019 are two excellent examples of proactive steps the Malaysian government is taking to strengthen cybersecurity.

However, the Personal Data Protection Department (Regulator) has yet to issue any regulations pertaining to cybersecurity.

Malaysia enforces existing regulations and statutes to address cybersecurity concerns, including the CMA and Personal Data Protection Act. Efforts are being made to enhance cybersecurity through the National Cyber Security Agency and Policy.


Participating in cybersecurity training and earning certifications equips employees to prevent cyberattacks. This training provides comprehensive education and guidance from fundamentals to advanced topics like ethical hacking and network security.


Cybersecurity certifications demonstrate professionals' expertise, increasi.ng their value in the job market and opening up salary increases and job opportunities. Businesses benefit from certified staff, enhancing security, avoiding breaches, and ensuring compliance with industry regulations.

Conclusion:


As technology progresses, so do the malicious machinations of cyber criminals. The increasing number of networked gadgets, developments in cloud computing, and the rising interest in the Internet of Things (IoT) all increase the potential for cybercrime. Cybersecurity is an ever-evolving field requiring training and care to keep a company safe. Professionals who want to succeed in this dynamic, perhaps dangerous environment must commit to continuous learning and certification.



FAQ


Why is cybersecurity important in today's digital world?

Cybersecurity is crucial because cyberattacks pose significant threats to individuals and organizations. These attacks can lead to financial losses, reputation damage, and the risk of identity theft. Cyber threats have become more complex, making it essential for professionals to enhance their cybersecurity skills and knowledge to safeguard themselves and their companies.

How can professionals enhance their cybersecurity skills and knowledge?

Why is it important for companies to adhere to governance and regulation in cybersecurity?






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