Safe as the Bank of England: Improving resilience and cybersecurity

Safe as the Bank of England: Improving resilience and cybersecurity
We always say that in the technology age, in order to stay competitive, it is necessary to let digitalization into the process of business improvement. Nevertheless, there are two sides to every coin. The more people and organizations use the Internet and devices for essential data storage, the more cases of cyberattacks we hear about in the news. The number is constantly growing (plus 50% year-to-year) and the main issue is that cyberattacks change and develop. The average company suffers from 925 attacks in a week. That’s why it is not enough to wait for the cat to jump, but on a regular basis to monitor vulnerabilities and constantly upgrade the security system. Companies need both plans against cyberattacks and scenarios for mitigating damage later. Here we come to the resilience term. Cybersecurity and resilience are in perfect step, but let’s have a closer look at their peculiarities.
Cybersecurity vs. Cyber resilience
Cybersecurity implies all actions, technologies, and policies aimed at providing the company’s protection of essential data and system networks against cybercrime and growing cyber risk. Meanwhile, life always throws you a curve, and when one of the company’s elements is hacked, it is time to go to a cyber resilience plan. As you can see, cyber resilience is a company's ability to face attacks and recover after, maintaining productivity and minimizing harm done. It is a flexible strategy of doing business that accepts risks and chooses the path of fewer ill effects. Complementary to one another, these two tools will help save the business and keep it afloat, avoiding financial and reputational losses as well as legal liability.
Steps to achieve cybersecurity and resilience
Just 14% of small companies are ready to protect themselves against cybercrime. By complying with the following rules, your company will improve your odds of success.
That is not the whole list of the security measures. Elaborating on a tailor-made service in order to prevent and minimize the number of cyberattacks, Magora works in close coordination with your company. Based on your business characteristics, we will undertake a thorough assessment and will generate a route plan to pursue your goals.
However, after a while, cybercriminals can find new loopholes, and resilience must not be neglected. Some of the necessary steps that we advise you to take:
Unfortunately, there is no single solution to the numerous scams, ransomware and malware in the evolving cybercrime world. Moreover, human error plays an important role, and sometimes it complicates the whole process of defensive shield building.
Magora always takes a responsible approach to bespoke software development and is ready to create a powerful defensive system in order for your company to be as safe as houses.