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Cybersecurity

Why You Should Invest in a Cyber Security Expert

Why You Should Invest in a Cyber Security Expert, Cybersecurity is an increasingly important concern in today’s technology-driven age.

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Cyber Security Expert

Cybersecurity is an increasingly important concern in today’s technology-driven age. Everyone has some information stored online that could easily be stolen if the right precautions are not taken. what people do to make sure that you’re safe from any would-be digital thieves? Invest in a cybersecurity expert, of course!

1. What Is At Risk If You Don’t Have a Cyber Security Expert

Risks are something that should never be taken lightly. Sure, there are calculated risks where you risk a small amount to gain much more. But refusing to invest in a data security expert is not a calculated risk. It’s a heavy risk that puts you, your clients, and your business at risk ruined.

2. You’re at Risk

With nearly everyone being on the internet nowadays, what you do online might not be much of a secret at all if you don’t invest in good cybersecurity. The things you do online like banking could easily see your credit card numbers stolen and sold on the black market on the dark web. You might just one day find out that your retirement fund is just gone. But why stop there?

Everything from your name, address, friends, and family could also be lifted off of the internet and used in some sort of scam or theft. Your very identity could be stolen by individuals that want to use your reputable identity as a cover for various scams and theft.

3. Your Clients are at Risk

It isn’t just you who’s life is at stake when you don’t have a cybersecurity expert. Your clients, which entrust their personal and banking data to you, will also get caught in the crosshairs of any would-be digital thief. Remember our example about your credit card numbers getting stolen? Now imagine having someone break into your company database and stealing every single one of your customer’s credit card data.

one thing that could happen is that your customer’s personal information is publicly displayed for the world to see. Just like what happened in 2015 when hackers broke into Ashley Madison’s databases and publicly displayed over 70 gigabytes of confidential information online. This was made up of the real names, credit card details, and addresses of users and also corporate email accounts.

4. Your Business Is At Risk

Just like your own identity, your business is also at risk of major losses should you not invest in good data security experts or teams. We’re going to use Ashley Madison again as an example here. The parent company of the site had to pay over 11 million dollars to settle a class-action lawsuit amounting to 576 million dollars. Any small company or business would be driven into the ground if they had to pay this amount to settle a lawsuit. The worst part is those small businesses have the biggest targets painted on their backs because they tend to have weak security systems protecting their data.

5. What Do Cyber Security Experts Offer You?

With all these risks hounding you at every turn, you’d be a fool not to have a cybersecurity expert watching your back. You might be wondering how they can stop something like a group of hackers wanting to break into your database. The answer is simple, they have the best knowledge to handle problems, they can easily create plans, and they’ll know exactly what your business needs to protect itself.

6. Up to Date Knowledge

Arguably the most important part of being a cybersecurity expert, having up to date knowledge, gives them the edge over most cyber thieves and hackers. Your experts can even “hack” your system themselves to find any weak links in your cybersecurity net.

Up to date, knowledge is what separates a cybersecurity amateur from an expert. Sure, the amateur might be able to do basic tasks like setting up firewalls and encrypting passwords. However, a cybersecurity expert will have intimate knowledge of what methods are needed to protect your system against specific attacks.

7. Planning For The Future

Remember that you’ll never know when an attack will happen. This is an especially big problem if the hackers are experts themselves. You won’t even know that a cyberattack has hit you until it’s far too late. However, with a cybersecurity expert at the helm, you’re guaranteed to have an array of several contingency plans to safeguard your data. They’ll know exactly what your business needs to keep greedy hands out of your databases.

8. Updated Software

Alongside up to date knowledge, you can expect that a cybersecurity expert will bring along his assortment of tools and software with him. This includes everything from impossibly difficult to break firewall systems to hashing systems that prevent passwords from being easily read. They’ll also keep your defense system up to date to protect you from any new forms of online attacks that might come out.

9. Final Thoughts

The stakes are incredibly high whenever you decide to have an online connection in your business. Especially with many cyber thieves looking for their next big score. You might be their next target, and you’ll never know about it until it’s too late. A great way to get the best data security expert is to either look for one yourself or have a staffing agency get the best talent for you. But just remember that you know you’re in good hands when you have a cybersecurity expert keeping an eye out for you.

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Cybersecurity

How To Protect Sensitive Data When You Outsourcing

Companies of any scale have been leveraging this practice, trying to cut development costs and access the rich talent pool. However, despite offering significant benefits, IT outsourcing often causes serious data security concerns.

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Why Should You Outsource the IT Department in Your Company

According to Statista, by the end of 2021, the total value of IT outsourcing services will exceed $413.72 billion compared to $395.57 billion in 2019.

Companies of any scale have been leveraging this practice, trying to cut development costs and access the rich talent pool. However, despite offering significant benefits, IT outsourcing often causes serious data security concerns. According to the statistics, about 65% of companies that have used this solution have faced an information breach.

But how to keep data secure while taking full advantage of outsourcing services? This article has gathered guidelines that will let you protect company data and enjoy collaboration with an outsourcing software development company.

1. Ensure In-House Security

When it comes to outsourcing custom software services, first, make sure that you have a robust in-house data security policy. Here are some important tips to follow:

  • Distinguish between sensitive and common data using data classification.
  • Use different ways to protect digital content, such as encryption, digital rights management (DRM), tokenization, etc.
  • Establish strict access control using passwords, PINs, etc.
  • Educate your employees not only to use strong credentials but also to change them regularly.
  • Guide your employees on how to handle and protect the company’s sensitive data.
  • Build a strict Internet usage policy. Internet access in the company should be restricted to business needs only since personal web usage significantly increases the risks of malicious access to valuable information.

2. Choose the Right Outsourcing Vendor

Following the establishment of an internal security policy, the next step is selecting the outsourcing company to meet your security requirements. When choosing among various vendors, opt for the one that:

  • Provides strict security policy.
  • Has a good reputation in keeping customers’ sensitive data protected.
  • Educates its employees about the importance of sensitive data protection and signs non-disclosure agreements (NDA) with them.
  • Considers customer data protection as a core company value.

To understand if vendors meet the following criteria, investigate their data protection measures. It’s reasonable to ask outsourcing companies to define their strategies to store and process valuable information, data and database protection approaches, and practices implemented for vulnerabilities management. What is more, ensure that your potential vendor employs optimal cybersecurity technologies to provide an added level of data protection.

About TwinzTech

A trustworthy outsourcing company guarantees data security on three basic levels:

  • The physical level ensures that a third-party vendor can protect your data from physical actions and events such as natural disasters, fires, thefts, etc.
  • The technological level includes various hardware and software tools used to protect data from cyber threats. These solutions encompass email filters, antiviral software, DLP software, etc.
  • The administrative level provides a smooth and efficient security policy. It handles PoLP, Internet use, data protection, NDA agreements, and other issues to prevent sensitive data breaches.

3. Use Principle of the Least Privilege (PoLP)

The principle of the least privilege implies that a user, an application, a program, or a process should have only the minimum of the rights necessary to fulfil their functions. Not only does it reduce the risks of a cyberattack, but it also prevents the spread of malware since it’s impossible to elevate privileges to increase access to a company’s critical systems and sensitive data.

PoLP has to be an integral component of the IT outsourcing policy. When granting privileges to your outsourcing vendor, make sure they have only the necessary amount of access to the company’s valuable assets and continuously review the given rights.

4. Conduct Regular Security Audits

Make sure your company conducts regular application, database, and network security monitoring. This way, you will reduce potential security issues, identify and address vulnerabilities as soon as possible. Moreover, it’s a valuable practice to determine whether your outsourcing vendor still maintains data security controls and follows the established outsourcing rules and regulations.

5. Keep Reviewing Your Data Security Measures With Vendors

When cooperating with a third-party vendor, you should never lose control. Even if you have long-term and productive relationships, it’s important to check if your outsourcing partner continues to meet security standards. Here are some aspects to pay attention to:

  • Make sure that the vendor deactivates unused user accounts. Otherwise, such accounts can be compromised and used with malicious intentions.
  • Find out if your outsourcing partner monitors outbound internet traffic and emails for potential data breaches.
  • Ensure the vendor’s user accounts meet necessary security requirements (strong credentials, adequate privileges, etc.)

6. Ensure a Legal Backup

Although the contract doesn’t ensure complete data protection, it can serve as a legal backup. Sign an agreement with the outsourcing vendor, defining essential security requirements. For example, in this document, you can specify that it’s prohibited to transfer your company’s sensitive data to complex media, or that the data transmitted online should be encrypted, etc.

Final Thoughts

Outsourcing has gained widespread popularity, providing companies with a vast number of operational and financial benefits. Although there are some potential risks related to data security, they should not become an obstacle to experience outsourcing.

By building a robust in-house data security policy, selecting the vendor that follows high-security standards as well, and conducting regular privacy and security audits, you will be able to achieve a win-win situation, enjoying the advantages of outsourcing and keeping your sensitive data safe.

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