In 2022, cybersecurity will solidify its position as the most critical concern for business continuity and brand reputation. Therefore, any company that is serious about investing in the longevity and protection of its customer data must have an effective cybersecurity policy in place. But how do you write an actionable policy and effectively protects your business from increasing cybercrime and complex cyber threats?
Create a cybersecurity policy
Since you know what a cybersecurity policy is and why your organization can’t do without one, it’s time to find out how to write an effective one. Here are some suggestions to remember when creating a cybersecurity policy.
1. Understand how vital security is to you
First, it’s essential to comprehend the importance of cybersecurity to your business or company. In doing so, consider what your company is all about:
- Revenue (if you’re a retail or eCommerce business)
- Stakeholders and investors
- The products or services you offer, etc.
These factors play a role in how you design your cybersecurity policy. These factors play a role in how you design your cybersecurity policy. You even need to include them in your employee training, as the human element is usually the starting point for a cyber enterprise crisis.
2. Identify and also prioritize assets, risks, and threats
Only 50% of information security professionals believe their organizations cannot defend against a ransomware attack. This is especially shocking when you consider that cyberattacks can happen from anywhere, at any time.
You must identify and prioritize your assets and the potential risks or threats posed by those assets. To do so, keep these three objective questions in mind:
- What are the risks or hazards to your business or organization?
- What are the top cybersecurity concerns?
- What risks or threats would be most detrimental to your organization?
3. Set realistic goals
When writing a policy, it is crucial to set achievable cybersecurity goals. While it is crucial to practice cybersecurity, you may face limitations in your business or organization to protect your assets.
Therefore, make sure your policy can be implemented gradually if you can’t implement it in one fell swoop. Also, make sure you communicate your goals to your employees, customers, and investors.
4. Compliance check your policy
Just because you’ve decided to implement a cybersecurity policy doesn’t mean it will stand up to a compliance check. There are regulations that many companies and organizations must follow regarding cybersecurity. So make sure your policy complies with accepted standards, including federal government requirements.
Keep the following regulations in mind:
- HIPAA compliant
- Export Administration Regulations (EAR)
- International Traffic in Arms Regulations (ITAR)
- PCI security standards, etc.
5. Perform a test run
Finally, test your policy to ensure it is doing its job. Don’t wait until a cybercrime occurs to evaluate the effectiveness of your cybersecurity policy.
Why does investing in cybersecurity and IT support make sense right now?
1. Risks of Remote Work
The COVID 19 pandemic has developed a new world order – a world where almost everyone has remote workers as employees. This has dramatically increased the threat to sensitive information and the risk area of organizations. Investing in good IT support that provides businesses with digital protection from potential security threats makes sense right now. It also makes sense to engage services and assess where your business stands in terms of cyber resilience.
2. Increase productivity
A cyber attack can bring your company to its knees. If you don’t have access to your system networks, you can’t possibly do business. That’s why it is necessary to purchase the right technology infrastructure to protect you from attacks and cybercriminals.
Investing in your employees, educating them in online cyber courses, and allowing them to expand their overall cybersecurity knowledge can also significantly increase productivity. It’s generally accepted that employees who feel their skills are being improved and are investing in their training are more likely to do their jobs better.
In the case of cybersecurity training, the payoff is twofold because not only are your employees more motivated to do better at work. They will undoubtedly be much less likely to click on malicious links and download suspicious files and more likely to know what to do if they make a mistake. They also know they need to change their behavior in healthy ways from a security perspective.
3. Customer trust and confidence
Modern consumers are very aware and careful when protecting and security of their data. They comprehend the value of their sensitive data and the consequences that can result from the misuse of that data. When customers know that a company’s website is secure and has a proven track record of carefully protecting customer data, they are more likely to purchase or use services.
As a result, companies with solid cybersecurity and IT support solutions built into their daily operations tend to perform better in the future, as consumers feel safe doing business with them.
4. Protecting the bottom line
It’s all about money and profit for a business. If a company spends money on IT infrastructure, cybersecurity tools, and cybersecurity training for its employees, it can save exponentially more in the long run. When a company is attacked, it not only results in lost revenue and disruption to operations, but it often means paying large sums of money for ransomware.
In addition, a cyberattack is often accompanied by fines from regulators and claims from customers. All in all, cyberattacks or security breaches of any kind can be very, very expensive for any business. As attacks become more complex by the day, a company’s price for dealing with them also increases. For that reason, it makes a great deal of sense to prevent or at least minimize the damage caused by cybercrime as much as possible by investing in solid IT support solutions and building a healthy culture of cybersecurity within the company.
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