Insights

Building a strong cybersecurity culture within your business

Written by Minnwest Bank | Jun 11, 2024 2:31:19 PM

In today's digital landscape, cybersecurity is an ongoing concern for businesses of all sizes. With cyber threats evolving rapidly, it's crucial for organizations and their employees to take precautions to protect sensitive data and maintain operational continuity.

Creating a cybersecurity culture within your business involves more than just implementing technology; it includes fostering an environment where every employee is aware of and actively participates in safeguarding information. Leadership must also prioritize and model cybersecurity best practices, ensuring that policies are enforced consistently and that any incidents are promptly addressed. By integrating cybersecurity into the core values and daily operations, businesses can better protect their assets and maintain the trust of their clients and partners.

Here are the essential cybersecurity controls that every business should implement:

Create a culture of cybersecurity awareness

The first line of cybersecurity defense lies with your employees. Ongoing cybersecurity training within your organization is a critical component of your cybersecurity strategy. This can take the form of regular online training, phishing campaigns, teaching the importance of strong passwords, and industry-specific training that impacts your employees’ day-to-day operations (data security, HIPAA regulations, etc).

Conduct regular data access reviews

It’s important to regularly assess which employees have access to each system and monitor what types of data are being transmitted where. Wherever you store data, perform regular access reviews. Review what types of data are contained in those files (personal, identifying data, etc). Ensure secure spaces to put those documents when you need them.

Implement strong cybersecurity measures

Cybersecurity measures can vary based on the size of your organization, but there are some basic steps that all businesses can take.

All businesses should have antivirus software enabled and kept up to date. Make sure you have email security settings turned on to reduce the risks associated with business email compromise. Enforcing strong authentication methods such as multi-factor authentication (MFA) adds an extra layer of security to user logins. This helps prevent unauthorized access, even if passwords are compromised.

For small businesses, large tech companies such as Microsoft and Google have many tools available that can offer protection that is scalable to a smaller organization’s needs and budget.

Backup data regularly

Implement a regular data backup strategy to ensure sensitive and critical information is securely stored and easily recoverable in the event of a cyber-attack or data breach. Test backup systems regularly to verify their effectiveness.

Conduct regular security audits and assessments

Conduct regular security audits and assessments to evaluate the effectiveness of your cybersecurity measures and identify any areas that require improvement or additional investment. Consider utilizing a NIST Framework or CIS Benchmark assessment. These are free systematic reviews of an organization’s cyber footprint and controls that can help identify missing protections.

Monitor and respond to threats

Implement real-time monitoring tools to detect and respond to cybersecurity threats promptly. Developing a Disaster Recovery Plan (DRP), which outlines the steps to take in the event of a security breach, should be a critical component to your cybersecurity plan. This written plan should include steps for containment, investigation, and recovery in the event of a cybersecurity incident.

Collaborate with security experts

Consider partnering with cybersecurity experts or consulting firms to gain insights into emerging threats and best practices for mitigating cybersecurity risks. External expertise can provide valuable guidance in enhancing your organization's security.

Remember that cybersecurity is not just a to-do item on a checklist. It is an ongoing, continuous process that must be monitored and maintained, and the first line of defense starts with your team members. Prioritizing cybersecurity is not only essential for protecting your business but also for maintaining trust with customers and stakeholders in an increasingly digital world.