Security has always been a threat to entrepreneurs everywhere. The technological world has evolved at a pace that has changed the way we do business, but interestingly the cyber-crime world did not lag behind. It has also risen with advanced ways of posing a threat to everything online. It has become a serious need for entrepreneurs to look for solutions to this problem. Given this scenario in the business world Robert Herjavec the CEO and founder of Herjavec Group which is an internationally recognised firm has given out an advice on how to make a business secure.
Starting from Government Hacks to state sponsored ransomware and corporate cover-ups the business world has faced it all. But many entrepreneurs do not seem to understand the importance to take action against it. The advice on cybersecurity throws light on the issue and helps entrepreneurs understand the importance to react.
The business world is brimming with people who have been there and done that. Entrepreneurs who want to safeguard their businesses from hacks must always keep a watch on what these leaders in business have to say. They come not only with the best advice but with information that can help a business secure themselves in a better way. Let us take a look at Herjavec’s advice on the different dimensions of cyber security.
1. New Currency Bring with it New Vulnerability:
People has the assumption that the whole task of maintaining cyber security is so complex that businesses cannot really think of being completely secure. But a close look at the larger picture would reveal that all cybercrimes always follow a similar pattern.
What Robert Herjavec says?
“We’re still seeing ransomware and malware exploit unpatched networks. Cryptocurrency ‘mining bots’ are the new thing, and we’re seeing that expressed with web-server compromise, browser hijacking and even web ads that are co-opting your-processor-to-mine (cryptocurrency) coins. We are also seeing a resurgence in banking Trojans. Everyone should be using two-factor authentication wherever possible and using unique and frequently changing passwords everywhere else. We can expect phishing attacks to become more sophisticated as well.”
Looking at the problem from this perspective brings us to break all organizational vulnerabilities into a few key challenges. Entrepreneurs need to find out the recurring and all the common points of failure that a company faces. Every organisation has certain data that are crucial for the organisation. If one looks closer one can see that the same weak points exist in all.
All one needs to do is make sure the points of possible data breach are kept secure.
2. Information Storage:
No organisation can do without information storage. But keeping this data safe is not easy.
The famous Uber leak case in 2016 is known to all when Uber leaked data from 57 million users and drivers and hackers discovered that Uber had published their private access keys on Github. This led to cyber criminals to be able to reach Uber’s Amazon Web Services-based data stores. Uber had to pay the hackers a price of $100,000 to keep the leak from reaching out people.
What Robert Herjavec says?
Businesses must strongly limit access to cloud storage outside their corporate network. It is also important to train employees on the basics of cyber hygiene.
“Also, it’s important to have a schedule for inventory analysis across the corporation network — knowing what devices are connected, who is using a personal device versus corporate device, etc. Understanding what the endpoints are at play will ensure that you understand the scope of the risk and what you have control over.”
3. Hire an Expert:
The main reason why entrepreneurs find it so difficult to keep all together is because they do not have the necessary expertise. It is important that entrepreneurs do not try to run the show by themselves but get the necessary help.
The trained professionals can create the architecture for data and bring in place proper data governance procedures. This helps a company to place accountability in one place and keeps data from leaking through the gaps. Having a trained team on board also help to create a sense of data awareness.
Entrepreneurs must look for an expert or a team that has a proven track record. It is important to figure out if your business would benefit by hiring in-house staff or by contracting with a firm that has the necessary expertise. Choose the one that suits your company needs. It is important that as a company evolves, one also changes what needs to change accordingly. Sometimes an in-house team might seem great while in other times a firm might be the perfect match.
What Robert Herjavec says?
“I always advocate for doing what you do best and trusting experts to support you in your areas where you are not as strong. In most cases, you’re running a business — not ensuring security. So you’ll need to balance some investment in technology with some basic principles in policy to get started. You don’t need to outsource your entire infrastructure right off the bat, but I recommend getting feedback from an expert and evaluating outsourced IT solutions to alleviate the pressure and risk. Your job as a business owner is ensuring that security is top of mind, that you make your team aware of the risks and that you’re controlling the cyber hygiene policies within your scope of responsibility.”
Entrepreneurs must look at securing their businesses. It does not take a lot to do so. All one needs to do is a little research and implementation. This would help people to save up a lot of money that one might lose by being careless and having the need to clean up. The first step is to get professional with the problem. You cannot just wish it away. The solution lies in looking at the problem, accepting that there is a problem and then following the experts in the field and following their advice. Keep yourself informed and keep your business safe.