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  • Thomas Jreige

Is your business Cyber-Savvy?

How will you fare against the increase in Cyber-crime?

Cyber-crime rates and severity of attacks are increasing, and your business is a target. It is not a matter of if, but WHEN you will be attacked.

In the last two years, businesses have reported an approximate 300% increase in Cyber Criminal activity during the COVID-19 pandemic. 80% of this criminal activity is financially motivated.

Cyber Criminals don't discriminate by sector, location or size.

They target businesses based on what they do and what kind of information they hold. Businesses that process or store Personally Identifiable Information (PII) and other sensitive information are prime targets.

Just like in the wild, the weakest often become the easiest targets. Cyber Criminals view smaller businesses as having weaker defences and making them the easier target. They know it's unlikely these businesses have invested in the necessary security controls and training to protect their systems and information.

Human error is the cause of 90% of cyber security incidents.

When a business owner doesn't understand the right security requirements and their acceptable risk level, decisions about IT and technology get driven by market fads or gadgets (Such as firewalls or end-point protection). Technology only makes up 10% of the cyber security protection required in the business. 90% is reliant on good people and processes.

How do you minimise these risks?

We've noticed a trend in SMEs - the implementation of hardware and software to increase the cyber security posture for the business. However, hackers are still compromising those businesses at alarming rates.

As highlighted in our January Newsletters tip of the month (5 Steps to increase your Cyber Security posture in 2022), the first step requires a Cyber Security Assessment in the form of a Threat and Risk Assessment (TRA). The TRA allows us to identify who would be the likely threat to your business and what they would want to compromise.

Why we don't audit.

Auditing is the good guys assessing the good guys. The bad guys don't care (or discriminate) if you are compliant with a standard or care when you are open for business. Their job is to compromise you for your information 24/7. So, we assess your business from the view of the bad guys. We can perform audits and readiness work, but auditing is never effective if we don't know the threats to your IT environment.

Specifically, we identify weaknesses in your IT environments, assess them and provide a remediation roadmap.

We do this through:

  1. Thorough stakeholder engagement (including your Managed Service Providers)

  2. Comprehensive Threat and Risk Assessment. We emulate the bad guys.

  3. Remediation plans and roadmap development

  4. Identifying solutions/opportunities for our clients.

Once you understand the Who, What, Why, Where, and How a Cyber Criminal threatens your business, you can apply standards and legislative measures to protect information.

At Cyber Cerberus, we specialise in helping businesses realise and manage their Cyber Security risks to develop a strong and resilient cyber security posture.

Contact us to discuss how we can help reduce your business's susceptibility to Cyber Crime.

Cyber Cerberus Website

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