Cyber Attacks-Protecting your assets and people from cyber attacks

Cyber Attacks-Protecting your assets and people from cyber attacks

Everyday we hear of new cyber attacks on organizations and countries. The latest attacks were on IMF and 200,000 accounts of Citibank and now the website of the US Senate. If some of the most powerful and technologically advanced organizations could not survive targeted attacks, how effective is your organization in handling cyber security. Sony Playstation, Google Gmail, PBS website are other famous targets that have been victimized.

Before we play the blame game by pointing to China for sponsoring hacker attacks, or Russian spammers for creating Bot Nets or ex Silicon Valley /American technology experts rendered jobless by off-shoring, we need to both understand which companies are most vulnerable, which processes need to be fine tuned and what is the plan of action in case your cyber security is breached.

Which companies are most vulnerable?

If you have valuable data, confidential in nature , in electronic form AND connectivity to internet, you have an opening. Think of data as water, if you have a small leakage all the water can be leaked away. To add to complexity, the attackers are mostly unknown, and extremely difficult to catch, and can take a big chunk of your credibility and intellectual property in a very short time.

The best people in technology are not the ones attending meetings in nicely pressed suits– and your IT guy is rarely a match for the talent that is now available on freelance hire for cyber corporate espionage.

Any company or organization that has not undergone through one real time simulated cyber attack or IT audit that focuses on data security is very vulnerable.

Which organizational processes need to be fine tuned ?
Clearly employee access even at senior management needs to be ensured for both technological as well as social vulnerability. Does your reception take the name of senior management if cold called. Do your senior managers surf the internet and use a simple password on the same computer and laptop. Do you have disaster management and redundancy plans.
A wall is only as strong as its weakest brick and the same is true of organizational readiness for cyber attacks.

What is the plan of action in case your cyber security is breached?
Lean back, close your eyes and think your website has just been breached, someone has just stolen confidential emails from your corporate email server, and complete client as well as the most confidential data in your organization has been lost.

Do you have a plan for what to do next? Or are you waiting for an actual cyber event to occur to make that plan.