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    The Most Dangerous Types of Digital Risks

    Do You Know Your Digital Risk copy

    Digital risks are increasing in the business world due to the rapid adoption of new disruptive technologies. These risks are seen in various industries and are more pervasive than cybersecurity risks. On a broader scale, digital risks can be classified into physical, technical and administrative risks.

    The following risks are the most prevalent in today’s digital world and should be treated as top priorities for your business:

    • Cybersecurity risk: Cyberattacks continue to evolve as businesses become more technology driven. Attacks like ransomware, DDoS, etc., can bring a halt to the normalcy of any business.
    • Data privacy risk: As we move forward to a knowledge-based economy, data has become the most valuable commodity in the world. This has resulted in hackers targeting critical business data and misusing them for personal gains.
    • Compliance risk: Businesses need to adhere to various regulations regarding data privacy, cybersecurity, organizational standards of practice, etc. Any violation can attract heavy fines and penalties for a business.
    • Third-party risk: When you outsource certain services to third parties, it might compromise the security of your IT infrastructure. For instance, a software tool you develop with an external vendor may introduce some vulnerabilities to your otherwise intact digital environment.
    • Resiliency risk: This concerns the ability of a business to bounce back and continue operations after an unexpected disaster.
    • Risks due to human errors: In the UK, 90 percent of cyber data breaches were caused by human errors in 2019. Whether it’s falling for phishing scams or misusing work devices, human errors can be quite costly for organizations if they go unchecked.
    • Automation risks: While automation is reshaping the tech industry for the better, it could also give rise to a range of risks such as compatibility risks, governance risks, etc.
    • Cloud storage risks: The flexibility, ease-of-use and affordability offered by the cloud makes it one of the most popular options for backup and storage. However, the cloud is also prone to various risks such as lack of control over data, data leakage, data privacy, shared servers, etc.

    Assess Your Risks the Right Way

    Monitoring and managing your digital security risks is a continuous process that must be done regularly and should be a part of your ongoing operational strategy. To implement it the right way, you need to create a risk monitoring strategy that focuses on what risks need to be identified and how to identify them.

    1. Get Someone to Watch Your Back.

    Are your passwords for sale on the Dark Web? Is one of your staffers selling access to your systems? Were you exposed in a third-party Dark Web data dump? Find out with our Dark Web monitoring service. We’ll dive deep into the corners of the Dark Web to look for potential risks to your organization. We watch for new Dark Web threats to your systems and data 24/7/365 to alert you to potential trouble quickly, enabling you to stop cyberattacks before they start.

    Reach out to us today to perform a complete risk assessment of your digital infrastructure and help you build a resilient security posture against various threats. Request a complimentary Dark Web Scan here.

    2. Get Ready to Defend Against Your Biggest Threat.

    Over 90% of data breaches start with a phishing attack, and everything a cybercriminal needs to mount an effective phishing attack against you is available on the Dark Web. Prevent those attacks from landing with Security Awareness Training and Phishing Simulations. Our service offers 80 phishing kits and 50 video campaigns (including COVID-19 threats), plus 4-6 new training tools added per month in 8 languages, to ensure that your staff is ready to be your first line of defense against this Dark Web threat. Learn more here.

    Next steps

    Your employees are your first and primary line of defense against online crime. Equip them with the knowledge and skills they need to protect themselves – and your business – from criminal elements.

    I invite you to have a 15-minute conversation. Whether or not we decide to collaborate, I’m confident I can offer insights that can help you find the right solution for your needs. Please click here to book a call with me.

    NetOne Technologies is a Managed Service Provider expert in network design, disaster recovery, VoIP and IT risk management and offers assistance with all of your technology needs.

    For the past 20 years, as President and Technical Director of NetOne Technologies, my team has brought companies the connectivity, security, and network infrastructure to be successful in today’s changing world.

     

    Article curated and used by permission.

    Data Sources:

    https://www.cybersecurityintelligence.com/blog/90-of-breaches-are-caused-by-human-error-4820.html: 90% of breaches are caused by human error