How Can Cyberattacks Impact Professional Services

Cyberattacks Impact Professional Services

For a sector that makes up almost 14% of the US economy, professional services are subjected to a disproportionate rate of cyberattacks. Global cyberattacks increased by 28% in the third quarter of 2022 compared to the same period in 2021. Almost 25% of small businesses are targeted yearly. Yet, despite all this, security remains an afterthought.

Professional services are critical players in the economy of any country. Moreover, millions of people rely on various services for their daily or need-based tasks:

Legal services
Logistics
Accounting and bookkeeping
Project management
Digital Marketing
Content marketing
Event management

Many businesses have customers and personnel dependent on Information Technology (IT) services. In case of any problem, while accessing resources, it tends to customer disappointment, inability to fulfil duties and goals and further complications. This would also mean painstaking efforts to troubleshoot and a waste of time. Professional businesses find themselves at risk because of the following reasons:

Being unaware of essential security controls that do not interfere with business
Bypassing security controls for ease of doing business
Not focusing on holistic data privacy and security plan

Focusing only on mobility and ease of access leaves numerous professional services vulnerable to predominant cyberattacks like phishing, social engineering, malware, ransomware, etc.

Cybalt is one of the top cybersecurity consulting companies in the USA, housing cybersecurity experts adept at industrial knowledge and business dynamics. Here are some helpful tips as advised by them.   

As the sophistication of attacks continues to grow, it is vital to develop foolproof incident response and resiliency plans. Improve identity access and management strategies and mechanisms. Assess, test and update cybersecurity software and policies periodically to devise recovery strategies and implement policies and process controls based on requirements and tolerances that improve operational resilience. To enhance risk mitigation and stoppage, businesses must conduct awareness and implement training to learn best practices, preventive methods, and cybersecurity protocols. They must also bolster perimeter security by leveraging novel technologies like email traffic monitoring and analytics, advanced intrusion detection and prevention and network security solutions.  

Collaborate with one of the top cybersecurity consulting companies in the USA to improve your cyber resilience.  

Comments

The 6 essential methods of data protection solutions

Data protection solutions Every year January 28 is celebrated as 'Data Privacy Day' as a reminder to safeguard our personal information, as the boundaries between our offline and online lives are becoming increasingly distorted. Consumers today want to interact with businesses that are more transparent about their cybersecurity policies, especially their transparency on measures to uphold data privacy andprotection . In light of recent events, this blog attempts to spread awareness of the 6 most important methods of data protection for businesses: Risk assessment : The more sensitive the data, the more closely it should be guarded and the greater the technology investment. Businesses can assess the risk profile of their critical data and segregate it into high-risk and low-risk accordingly. This would enable efficient data processing based on two axes - breach probability and potential severity. A data protection officer can help a great deal in this regard. Encryption : Do...

The Ultimate Guide To Governance, Risk, And Compliance

As businesses become more complex and interconnected, the importance of good governance, risk management, and compliance (GRC) practices cannot be overstated. GRC is the term used to describe a framework that helps organizations manage risk, maintain compliance with regulations, and ensure that their operations are in line with their strategic goals. This blog will provide the ultimate guide to GRC, including what it is, why it's essential, and how to implement it effectively. What is GRC? GRC is a comprehensive framework that helps organizations manage their governance, risk, and compliance activities. It brings together various functions of an organization, such as legal, IT, finance, and operations, to establish a common language and approach to managing risk and compliance. The ultimate goal of GRC is to create a unified strategy that enables an organization to achieve its objectives while managing risks effectively. Why is GRC important? GRC is crucial because it helps orga...

A Comprehensive Guide to Understanding Identity Governance and Administration (IGA)

Welcome to the realm where data protection reigns supreme! Safeguarding sensitive information has become an absolute necessity in today’s time, as cyber threats lurk around every virtual corner. Don’t worry, we have the secret to help strengthen your organization's security. It’s called Identity Governance and Administration (IGA), the all-encompassing solution to managing user identities and access rights. But where and how do you begin? Well, we present to you the definitive guide to securing your organization's precious data. In this guide, we’ll tell you what exactly IGA is, its importance, and how you can implement the same in your business. What is IGA? Identity Governance and Administration (IGA) is a framework that allows organizations to maintain digital identities and access rights enjoyed by their employees. With this framework, you can ensure that only authorized individuals have access to sensitive and confidential information about your organization. To...

Cyber Security

Search This Blog