It’s a known fact that third-party risks are unavoidable in supplier-buyer relationships. One way that you can provide significant cyber security for your business is through the use of a third-party risk management plan. This is a type of process that focuses on assessing and managing risks that are associated with third parties.
Christmas is a time where many of us wind down and take time away to spend with the nearest and dearest. However, this is also a time where cyber attackers plan their next attacks on organisations, taking advantage of people being away from work and leaving their businesses unmanned.
GoDaddy, a domain registrar and web hosting company, has recently confirmed that up to 1.2 million of their customer data has been breached after hackers gained access to their Managed WordPress hosting network.
The shift to remote working was initially triggered as a result of the pandemic and continued to remain in place by many businesses. However, this unexpected and rapid shift has meant that many businesses have not been able to prepare for the world of remote working. Employees have been using their personal devices and networks that are nowhere near as secure as those implemented inside the workplace.
Now is the time to become cyber aware and keep up with cyber security. Many SME’s are failing at some of the most basic cyber security procedures and as the threats are becoming more advanced and less targeted, your business could be at risk. There isn’t a single solution to providing 100% protection by itself against cyber attacks but the risk can be minimised and reduced through discipline, education and management alongside using sophisticated cyber security practises.
One of the most common communication methods amongst businesses is through email. However like with most things, emails come with their own vulnerabilities and security problems. A lot of businesses will have a low security email system in order to receive emails from new and existing clients. A high security email system poses the issue of not receiving all emails which can be disruptive and inefficient in a work environment. This is why it is important to understand how to recognise fraudulent and ‘phishing’ emails and the best practises on staying safe whilst communicating through emails.