The digital revolution has changed the world in several ways. New technological solutions like cloud computing, analytics, and the very recent artificial intelligence, have streamlined processes but its potential aftermath cannot be ignored. There are observations that potential loopholes are present in the existing security model in protecting applications and private data against malevolent attacks. Due to this, it is essential for businesses to re-evaluate their security protocols and identify gaps accountable to reveal sensitive data.
The threat landscape is continuously on the rise; there are multiple areas that companies need to focus, to ensure sustenance and security. Harmful attacks from unidentified sources can lead to the downfall of any organization big or small. Ransomware, a malicious software that blocks access to a computer system unless a sum of money is paid, can harm systems if a patching strategy is out of place.
Companies should increase the frequency of their patching to ensure the latest patches are deployed and to the entire network. Patching should be right at the top of the priority list as the presence of vulnerabilities is the simplest way for an attacker to access the system. In the past, there have been deadly attacks from ransomware like Petya and WannaCry that affected Windows systems around the world to a large extent. This forced the IT teams to carefully examine their patching strategy.
Leaders should also turn their attention to their employees that use BYOD and flexible working as a common norm across various sectors. This may eventually prove harmful to the company during an event of negligence and lack of coherence with security policies. Therefore, employees must also be educated about the importance of safeguarding organization’s data.