While most businesses today are displaying a far greater awareness of the risk presented by cybercrime, many organisations are still guilty of making critical errors when determining how much time, money and effort to devote to their digital security.
Here are three common vulnerability management mistakes that could leave your company open to the threat of cybercrime.
Relying on internal evaluations
While regularly taking the time to internally review your own cyber security protocols is a good step to take, it is dangerous to believe that is enough to protect your organisation from modern cybercrime threats.
Today s cyber criminals are, out of necessity, becoming increasingly strategic and inventive, and often relying solely on internal evaluations can leave critical vulnerabilities unsecured.
External evaluations like ethical hacking assessments are one of the best investments you can make towards cyber security, as they simulate a legitimate hacking attempt in order to determine any and all gaps in the system which a criminal might choose to exploit.
Taking a approach
Some businesses make the mistake of believing that cyber security is as simple as establishing a policy and ensuring that all necessary protocols are up to scratch.
However as technology evolves and cybercriminals dig deeper for new techniques, previously unseen vulnerabilities can often appear.
This problem is compounded when a company is regularly bringing in and upgrading their technological infrastructure, as this can also create new and unforeseen gaps in the system.
The best approach therefore is to ensure that regular security audit evaluations are being undertaken in order to ensure policies are updated as necessary and a strong level of cyber security is being maintained at all times.
Forgetting the true impact of cybercrime
Another common mistake made by unwary organisations is to forget about the true impact of cybercrime.
Some businesses believe that the risk of cybercrime is purely a financial one, but while a digital security incident can indeed lead to money being stolen, the real danger is often to reputation and customer relationships.
In an age of social media and constant communication, news of cybercrime incidents can spread quickly, especially if it is confidential customer information that has been stolen.
This can cause a business to develop an unwanted reputation as showing a lack of commitment towards the safety and security of its customers, leading to a loss of both new and repeat business.
Businesses therefore need to be aware of the true danger of cybercrime, and to the risk it presents. By fully grasping the potential impact of a security breach, an organisation can begin to understand the importance of comprehensive vulnerability management.