Latest B2B Cyber Security Practice for Protecting User’s Data

B2B Cyber Security Practice

Latest B2B Cyber Security Practice for Protecting User’s Data

Best B2B Cyber Security Practice of 2023

Any business can become prey to cybercrimes. Trust us, it is no exaggeration. Reports about cyberattacks have been coming from government organizations, E-Commerce businesses, law firms, and many other entities. Ransomware, insider threats, and hackers are all sorts of web threats lurking around the corner, and the danger is real.

In fact, everyday attackers are sure to find new ways of reaching confidential data, so detecting threats has become more difficult.

Also, with people shifting to remote work and companies granting access to various employees and remote users, the company’s data has become vulnerable.

A report called the Identity Theft Resource Center’s 2021 Data Breach Report made in 2021 claimed that 2021 was that year that was a milestone when the world moved from an era of mass data fraud and identity theft and started the era of identity fraud.

So here are some of the latest B2B Cyber Security practices that we will see businesses practicing in 2023:

User Awareness

Thanks to increasing cyber threats, organizations and businesses have started taking significant steps as a measure to strengthen their security.

Cybersecurity awareness has become crucial to avoid expensive network hacks and identity theft that has the potential to mutilate a business’s reputation.

Besides deploying firewalls and complex IT protocols, companies have started augmenting the IT capabilities of their IT professionals through seminars and internships.

According to Cyber Observer of 2020, of all the data breaches, 80% can be easily avoided if businesses follow cyber hygiene.

Due to an increasing number of individuals unaware of different cyberattack methods, cybersecurity has become of utmost importance.

Besides sending phishing emails, cybercriminals have now started resorting to Hitech malware and phishing scams. Thus, awareness will be highly useful in eliminating the attacks and threats.

Various companies combine the application of visual help and web and classroom-based methods for cyber security awareness promotions and training. Moreover, they have now developed policies that are aimed at how employees handle sensitive business information. 

Geo-Targeted Phishing Threats

Currently, one of the most omnipresent security threats to the web is phishing attacks. Since criminals use a more advanced way of creating well-planned business email compromise attacks, malicious URLs, and phishing emails are still there on the Internet. However, they have now become more personalized, geo-targeted and highly localized.

According to Verizon’s 2019 Data Breach Investigations Report, 32% of data breaches involved phishing activities.

So, experts claim that targeted phishing might become more prevalent in the upcoming times. Another report from Security Boulevard 2020 claims that 2020 witnessed more than 60,000 phishing websites, and 1 in every 8 employees shares sensitive information on a phishing site.

That being said, companies have shifted and have started investing in holistic security awareness programs. Their application of simulators helps in explaining and detecting potential phishing patterns.

Machine Learning

When we talk about cyber security, the mention of machine learning is inevitable. Its role is growing and has now become white significant with machine learning; cyber security has become more efficient, simpler, and less expensive.

Machine learning gathers information from rich data sets, comes up with patterns and influences them with algorithms for predicting and combatting real time active attacks.

The technology is dependent on complex and rich data for coming up with efficient algorithms. The data is supposed to come from everywhere and become a representation of as many potential scenarios as possible.

Therefore, implementing machine learning facilitates cyber security systems for analyzing the criminals’ thread patterns and learning behavior.

So, it helps avoid similar attacks in the coming times and also decreases the time that cyber security professionals usually take to complete their daily work.

Use of Multi-factor Authentication

One of the excellent cyber security methods for small businesses is employing multi-factor authentication.

This process requires a password and another identifier like a thumbprint or a code. If you have used online banking before, you might be familiar with this system.

So if your credentials are revealed or stolen during a data bridge, and an attacker tries using them to gain access to your network, multi-factor authentication will eliminate that risk. Usually, these solutions are available for free with other software you are already using.

Build a Strong Cybersecurity Policy and Secure Network

Regardless of how many applications, devices, or servers your business uses, there is no excuse for heavy and sophisticated infrastructure that reduces the speed of your process. If that happens, it is time to create a cyber policy and environment.

When a cyber policy is in written form it serves as an official guideline for all the cyber security measures that are employed in an organisation.

It allows all the employees and IT professionals to be on the same page and allows the company a way to impose rules for data security.

Having said that, every department’s workflow is distinct and can easily be disturbed by unnecessary cybersecurity measures.

Although centralizing security policy will be a great rule, a primary guideline for the entire company should not govern each process in each department.

Rather, you can allow departments to come up with their own security rules depending on the central policy.

With that said, as departments independently outsource their activities, a third-party risk management strategy becomes essential. Visit Prevalent for a guide on best practices.

These are some of the many b2b security practices that organizations will start following to protect users’ data. 

Concluding Words

If a report by Opentext is to be believed, an organisation on an average, takes 197 days to identify data breaches. Another 69 days elapse, on average, before a breach can be contained.

The ones that can improve their response time can save considerable amounts of time, money, and effort. Meanwhile, companies that could identify it within 30 days could save more than $1 million on an average

Therefore, B2B businesses must leverage cybersecurity to take data security seriously. Having efficient admin control for monitoring user activities, having a data backup system, securing innate devices of the brand, and having SSL certificates on the website are some of the things you can do.

You can also code-sign your software or executable files to secure them from third-party interception. Of course, you can always find cheap code signing certificates from reliable vendors for code-signing certificates. So, gear up and stay web secured.

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