Holding your own — How to Beef up your Cybersecurity Amidst Tax Regulation

With an increase in digitization, there ought to be an increase in the level of cybersecurity since improved digitization makes infrastructures more prone to attacks. This is sadly not the case with Scandinavian countries; there seems to be a vigorous digital adoption and usage without a corresponding cybersecurity infrastructure overhaul. To say this is worrisome is to not show the full force of the issues we will be dealing with in the times to come.

As the industry 4.0 transition rages through the Nordic countries, it is important that cybersecurity processes are equally prioritized. Seeing that this is not the case, the government, a major force in the region, is not so proactive about cybersecurity and this has led to lax regulations in the sector. The argument might be made that the world of technology changes faster than policymakers can keep up with, especially, if this is not a field of expertise for them. This, however, does not take away the risk that cybersecurity breaches bring with them.

Here are a few statistics to consider:

According to Cybint, 95% of cybersecurity breaches are caused by human errors

Business leaders are alarmed that their cyber-security risks are on the high. According to Accenture, 68% of business leaders feel this way, conversely, only 5% of the company’s folders are properly protected as per Varonis.

Investing in an Identity and Access Management System

IAM should be the cornerstone of your business defense against cybersecurity attacks. The joy of investing in an IAM system is that you are confident only authorized systems and devices in the hands of authorized personnel can access files and data meant for them at the right time.

IAM must be the foundation upon which your IT security must be built — tight control over identity and the wiggle room to absorb the constant changes that are part of an organization’s work-frame.

Automation is your friend, don’t just overdo it

In the fight against cybercriminals, automation can be viewed as an enemy but this is not always the case. Automation can be standing on your side of the divide, you have to ensure that you don’t over-flog it.

Automating your Identity and Access Management system is a way to look to automation, this singular move can make life easier for you and snuff life out of hackers who are trying hard to get into your systems. Another way to use automation is by deploying an extra layer of security by way of Multi-Factor Authentication. As much as these things are good, you must lean too heavily on them. There must be a line in the sand that must not be crossed in the use of automation.

Deploy Continuous Authentication

Several organizations have plans and strategies to prevent cyberattacks before they happen. What a lot of organizations fail to create a plan for is the event that the hacking party has already started and they have gained access to the system.

This is why continuous authentication comes in. Beyond the log-in portal, there must be continuous checks and balances to ensure that cyberattacks are kept at bay.

Have a plan for eventualities

What happens when you have tried the best you could, what would you do at the management level if there happens to be a breach in your systems? Does your organization have a plan of action In place in the event of eventualities? A plan is what distinguishes an organization that will survive a cyberattack from one that will fold under the intensity and that plan must come from the management level

It begins with having a plan and that is why you need to attend the nordic IT security conference. The conference is set to unveil strategies that will enable you to stay secured in the Nordic region. Add to these the invaluable connections you can make from the conference. Register to attend today!