Recommended Security Practices

Prevention is always better than remedy, especially when managing data, systems, software, and networks. By proactively utilizing best practices, it is feasible to enhance your supply chain’s security. Some of these practices include: 

• Security Awareness Training: You must train all employees about how even a minor mistake on their part could critically jeopardize security. Since employees are usually the first line of defense against cyberattacks, they must be given sufficient training to distinguish and avoid any possible threats. Planning and implementing an effective security awareness training program should not be a one-time event. It should take place at regular intervals to ensure all stakeholders are on the same page.

• Data Classification: Data classification allows you to identify data, segment it according to its worth and assign security to each data type. The bottom line is that if you do not know your data thoroughly — especially the information that rests in your supply chain — you will struggle immensely at securing it.

• Access Control: Allowing an access control gateway lets only authenticated users access your business data, including users that are part of your supply chain. With robust authentication and authorization protocols in place, you can reduce the chances of sensitive data getting compromised. While authentication verifies whether the user is whom they claim to be, authorization verifies whether a user has access to a particular type of data. Hence, both hold equal importance when implementing a robust access control strategy.

• Monitoring: Given the invasive and inevitable nature of security threats, a quick reaction time is necessary to your supply chain security effectiveness. Hence, automated and consistent monitoring is vital for rapid detection and response to an attack. You must gather and dissect relevant data to recognize suspicious activity or dubious system changes within your organization. You can pre-define acceptable behavior on the monitoring system, and if breached, the system will trigger an alert.

• Endpoint Protection: Endpoint protection ensures that end-user gadgets are protected against nefarious cybercriminals. Cybercriminals are getting more proficient at identifying the most vulnerable point within your network. In most cases, it turns out to be an end-user device on your network or even devices on your third-party partner’s network. Therefore, securing endpoints is crucial to reinforcing the security of your business and your supply chain.

• Patch Management: Security gaps left wide open due to inept patch management can leave your business vulnerable to cyberattacks. Whenever a new patch gets delivered, it is essential that you deploy it immediately. Failing to do so could give cybercriminals a clear passage to circumvent their defenses. 

• Routine Scanning: Routine vulnerability scanning is a collaborative process to test, recognize, examine and reveal potential security threats (internal and external). Automating these scans, so they are conducted accurately and regularly without investing a lot of time and effort will work wonders. 

• Network Segmentation: Once you dissect your business’ network or segment it into smaller units, you can control data movement between segments and secure each part from one another. Moreover, automating the process can help you smartly restrict suspicious entities (both internal and external) from gaining access to vital information or data.

• Managed Detection and Response: MDR is an economically feasible service that helps you with in-depth threat detection and response. Threat hunting, which is part of this service, helps you with deep research and analysis of vulnerabilities, thus allowing you to deal strategically with cyber threats.

Adopt These Best Practices Before It’s Too Late

When it comes to supply chain security, the best practices mentioned above are just the tip of the iceberg of what you should do to avoid security incidents. Enlisting the help of an MSP can help you stay ahead of the curve since they have the experience and expertise to shore up your business’ security. Ensure your business is protected. Contact us for a free network scan to ensure that your data is secure. Give us a call at 855-647-3835 or email us at info@phxtc.com

Article curated and used by permission.

How Backup and Disaster Recovery Protects SMBs

Many small businesses operate with a sense of unrealistic optimism regarding data loss and disaster recovery. However, the actuality can be considerably different and can negatively affect your business if you’re not vigilant. As technology increases, so do the risk of data loss. Can your business afford such a costly incident?

It doesn’t matter if data loss happens because of human error, cyberattack, or natural disaster. It can have far-reaching consequences such as:

  1. Severe downtime:
    For SMBs, per-hour downtime costs vary from $10,000 to $50,000.1
  2. Damage to your company’s reputation:
    One-third of customers will end their association with a business following a severe data loss.2
  3. Regulatory penalties:
    Failure to protect data can draw penalties worth 2% to 4% or more of company turnover.
  4. Permanent closure:
    Some businesses are unable to recover financially from an incident and close permanently.

Prioritizing backup and disaster recovery for your business is significant. A robust backup and disaster recovery plan implements secure, uninterrupted backup and quick data recovery — with a cloud-based structure that assures the company runs seamlessly in the event of any disaster.

Key Terms Used in Backup and Disaster Recovery

The following terms will give you an idea about the type of actions and processes you should aim to implement within your business:

• Minimum Business Continuity Objective (MBCO)
MBCO signifies the minimum level of output needed after severe disruption to achieve business objectives.

•Maximum Tolerable Period of Disruption (MTPD)
MTPD is the duration after which the impact on a business caused by minimal or zero output becomes intolerably severe.

•Recovery Time Objective (RTO)
RTO is the time it takes before employees can start working after a data-loss event. (Measured in minutes)

• Recovery Point Objective (RPO)
RPO is the amount of work that can be lost and will need to be done again after a data-loss event. (Measured in seconds)

Deploy Backup and Disaster Recovery Today

Having an effective backup and disaster recovery solution provides several benefits. Here are the six advantages:

  1. Shield your business against natural disasters
    The first half of 2020 alone had close to 200 reported natural disasters. While it’s impossible to stop a natural disaster, you can ensure your data is protected and take the necessary measures to prevent downtime. In Texas, predominantly South Texas, hurricane season is a big issue.
  2. Decrease the result of a cyberattack
    With the rate of cyberattacks going through the roof and small businesses being a constant target of attacks, it is necessary to have a robust backup and disaster recovery solution to protect your business.
  3. Safeguard sensitive data
    If your business handles sensitive data like Personally Identifiable Information (PII), measures must be taken to ensure it never ends up in the wrong hands. Safeguarding all crucial data can establish your business’s reputation and prevent regulatory penalties.
  4. Quick recovery
    It doesn’t matter how a disaster strikes. What matters is how quickly your business bounces back. A good backup and disaster recovery solution helps your business get up and running as soon as possible.
  5. Lessen the impact of human error
    From accidental or intentional misdelivery or deletion to data corruption, employees can pose a considerable security threat to your business. Deploying backup and disaster recovery is, therefore, imperative. You must also train your employees on the difference between acceptable and unacceptable behavior. By training your employees, data loss can be prevented and save substantial business money.
  6. Get ahead of system failure
    Sudden system failure can lead to costly downtime if you don’t implement a backup and disaster recovery plan for your business.

Remember, it’s your responsibility to protect your business from data loss and its turbulent aftereffects. If you can’t handle this alone, don’t worry. We’re here for you. With our backup and disaster recovery solutions, we can help build a resilient strategy to protect your business against data loss and give you much-needed peace of mind in the event of a disaster. Give us a call to find out how your business can benefit significantly from our backup and disaster recovery plan.

855-647-3835 or info@phxtc.com

Article curated and used by permission.

Sources:

  1. TechRadar
  2. IDC Report
  3. GDPR Associates