How UK Businesses Are Tackling the Rising Threat of Cybersecurity in 2024
The world of technology is constantly evolving. This creates a number of opportunities for businesses, but it also creates a number of problems. Many of these problems relate to security. In the age of remote work and cloud storage, how can we prevent malicious actors from accessing sensitive data and systems?
According to a recent government report, around half of businesses and a third of charities reported having suffered a breach at some point over the previous year. For large and medium-sized businesses, the potential rewards for an attacker are higher – and so these organisations are more likely to report being attacked.
On the other hand, it might be argued that smaller businesses often lack the capability to detect when they actually have been attacked. In any case, it’s clear that security should be taken seriously by businesses of every shape and size. But what does that mean, in practice?
Enhancing Cyber Hygiene Practices
Implementing comprehensive cybersecurity measures is crucial for protecting sensitive business data. Businesses can often improve their security by adopting the right practices. This creates fewer opportunities for an attacker to succeed, and more chances for an attempt to be detected.
Installing the right software, in the form of up-to-date malware defences, can be helpful. Setting up firewalls to restrict access to certain parts of the network, and updating operating systems to the latest available version, can both be helpful.
The data being accessed can also be password protected, such that only the people who actually need to access it can gain entry. The data itself might also be frequently backed up to an offsite cloud server.
Board-Level Engagement and Corporate Governance
The threat posed by cybercrime is constantly changing. Today, the most common form of attack is phishing. However, the nature of the threat might change in the future as AI grows more sophisticated.
When senior decision-makers are aware of this ongoing challenge, the organisation as a whole might more easily react to a changing cybersecurity environment. You might even consider appointing a given board member as responsible for dealing with matters related to cybersecurity and digital resilience.
Addressing Supply Chain Vulnerabilities
It might be that your business is exposed to cybersecurity risks through its partners and suppliers. You can mitigate these risks by choosing your partners carefully, and by sharing only the data that you really need to share. Carry out regular reviews, and make sure that you have the right contracts drawn up, so that you are protected in the event of a lapse.
Adoption of Cybersecurity Accreditations and Standards
The government is eager to support businesses in their struggle against these problems. This is done for the most part through schemes like the Cyber Essentials initiative. These schemes are good for economic growth, as they provide firms with the tools and guidance they need to avoid security compromises. Firms that become accredited can also demonstrate to customers that they are resilient, which can help to boost confidence and drive spending.
Investment in Cybersecurity Training and Awareness
The best protection against cyberattacks is a workforce that is well-trained and vigilant. You can create such a workforce by inculcating the right attitudes, and building a culture of accountability. Through regular training initiatives and refresher courses, you can also build and maintain the right skill sets.
