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6 Ways Cyber Security Can Be Improved at Your Company

4 min read

We know the old ways of working, well, don’t work — and they call for innovative, forward-thinking solutions that are more inclusive of organisational goals and more equipped to deal with possible data breaches. But what does this mean in practice? And how can cyber security be improved at your company, no matter your current strategy or outlook?

 

1. Supplying Sufficient Training For All Staff

According to Statista, 27% of UK businesses had cyber security training in the last 12 months

With less than a third of organisations in the UK engaging in cyber security training in the past year, employee education is likely a good place to start to get your security up to scratch. 

We've all seen the stats about human error being blamed for most data breaches. But it’s what we do about it that matters. From the staff that work in your IT department to teams at ground level, everyone must be aware of the digital and physical entrances to data extraction. Yes, even employees with no direct connection to cyber security should be privy to prevention information. 

Take tailgating, stolen identification and unaccounted for visitors, for example. These are some of the top physical security risks linked to cyber attacks and it isn’t hard to see why everyone should be aware of cyber security — whether or not it’s a significant part of their job role.

 

2. Utilising Emerging Technologies

A small business is successfully attacked every 19 seconds in the UK, the Hiscox Group found.

Unfortunately, cyber attacks and data breaches are commonplace in the UK (and around the world). We need more than a simple bit of software to protect against hackers’ newly developed methods and our newly architected infrastructure. 

Businesses now need to look to emerging technologies and, most importantly, the technologies that make sense for their organisation. 

For example, if your company is undergoing business growth, perhaps working through a cloud transformation, you’ll have different needs to an organisation still working with a physical firewall. 

Technology is all about having the right tools rather than a set of tools that seem impressive. Understanding where your technology plays a part will help you strengthen your defences and, in turn, improve your cyber security.

 

3. Understanding Your Vulnerabilities

93% of companies that have experienced a breach state weakness in their supply chain as a key reason for the event. 

To pick the right technology, we, of course, first need to know where we’re falling short. For many of us, this can be incorrect file sharing, storage settings and other issues that arise from a quick rollout of BYOD and poor compliance checks across the board. 

Whatever it is that’s letting the security side down; it needs to be outlined and highlighted in a formal audit. 

Although it’s tempting to throw something at cyber security and hope it sticks, a thorough investigation must be carried out before anything else to make sure firms get the right fit.

Whether you get the assistance of a cyber security expert or you conduct an internal audit using a trusted template, make room for more analysis before agreeing to any new investments.

 

4. Aligning With Overarching Business Objectives

Gartner estimates that global spending for the information security and risk management market is estimated to reach $150 billion by the end of the year

With a rapid increase in information security spending on the horizon, it’s crucial the entire team can get behind new investment decisions. To get the most important individuals enthused, it’s a great idea to align cyber security spending to wider business objectives, ticking off more than one task at a time. 

While improving cyber security is all about mitigating risks and concentrating on security concerns, it doesn’t hurt if there’s something in it for the board to delight key decision-makers. 

The right investments should solve CISO challenges and offer something attractive to those holding the purse strings. Looking at cyber security through a wider lens can help those in charge of overseeing the digital landscape find more wiggle room in the finance department and deploy more defences.

 

5. Creating a Foolproof Security Strategy 

Fewer businesses are deploying security monitoring tools (35% vs 40% last year) or undertaking IT monitoring (32% vs 38%) in 2021, reports the UK government.  

Despite the rising occurrence of costly and reputation-damaging security breaches, fewer businesses are implementing a strategy that stretches to cover all bases. From education to analysis, cyber security strategy should allow teams to be proactive about security issues and learn from previous incidents.

 

“In our experience, a strong cyber security strategy provides differentiated protection of the company’s most important assets, utiliSing a tiered collection of security measures. Business and cyber security leaders must work together to identify and protect the “crown jewels”—those corporate assets that generate the most value for a company. They can inventory and prioritise assets and then determine the strength of cybersecurity protection required at each level.”  - MCKINSEY 

Again, collaboration here is key. Cyber security isn’t just something a few people will work on in a back room. Instead, it’s a topic that should take centre stage in director-level discussions where people from all parts of the business work to problem-solve together.

 

6. Work Out Your Cyber Security ROI 

There is no direct correlation between spending on cybersecurity and the success of a company’s cyber security program, states McKinsey. 

Finally, businesses can look at the bottom line of cyber security to improve their organisational outlook. 

We know many expensive yet innovative solutions are on the market, but they might not be best suited to your company or cover your particular compliance issues. To get cyber security right, it’s all about getting the right people around the table to talk it out, allocating resources to software that slots into your strategy and that solves an obvious problem. 

This is where companies will find the best ROI, along with the best results. Ultimately, everyone wins if there are fewer breaches, better defences and more budget leftover when all is said and done.

 

Every Information Security Investment Should Feel Considered and Cutting Edge

With more room for investment on the horizon and plenty of data to suggest we should be talking with those outside of IT teams to allocate it, there’s no better time to read up on information security investment. 

Sharpening your investment process truly is the key to improving cyber security at your company, guiding you through the stages of educating, ideating and reporting back to your team. 

Get step by step advice from cyber security specialists in our Information Security Investment Guide, giving you insights on some of the hardest elements of infosec, including strategy and securing board buy-in. 

Information Security Investment

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