Cybersecurity myths

1) We have invested in sophisticated security tools therefore we are safe

Organizations are generally mistaken that investing in state-of-the-art security tools and solutions can help them build an invincible shield between their networks and cybercriminals. Sophisticated cyber security solutions are certainly an essential part of securing your business, but they won’t protect you from everything. Security tools and solutions are only fully effective if they are properly configured, monitored, maintained and integrated into overall security operations.

2) We regularly perform penetration tests

Many entrepreneurs assume that they can prevent cyber security risks because they regularly perform penetration tests. But the penetration test is ineffective if the organization is unable to manage and correct the vulnerabilities and gaps in their security approach identified during the test. In addition, the organization should consider the scope of the test, whether it covers the entire network, and allows accurate replication of the most common cyber threats.

3) To ensure business safety, it is sufficient to comply with industry regulations

Adherence to industry data regulations is essential for business, confidence building and the prevention of legal consequences. However, regulations often contribute only a minimal number of safety procedures. Following the rules does not mean that you are safe. Organizations need to consider whether regulations are sufficiently significant and cover all critical systems and data.

4) The third party security provider will provide everything

While a cybersecurity company takes responsibility for implementing and reviewing security policies to ensure the security of the company, it is essential that you understand the cyber risks to your organization and how to address them. Regardless of the capabilities and credentials of the security provider, you have legal and ethical responsibility for securing critical assets. Make sure your security provider informs you of their security roles, responsibilities and abilities, and any violations.

5) We should only secure Internet-oriented applications

Organizations need to secure their Internet-oriented applications. However, this should not be their only focus. For example, your organization’s entire IT system could be compromised if an employee accidentally uses an infected flash drive. Organizations should therefore have adequate controls to prevent and address insiders.

6) We have never experienced a cyber attack, so our security position is strong enough

Cyber threats are constantly growing in complexity, and organizations must constantly strive for cyber security. The goal is not to achieve perfect security, but to have a strategic advantage that will help respond quickly to a security incident and mitigate it before it causes major damage.

7) The IT department is responsible for security

It is undeniable that the IT department has a great responsibility for managing the organization’s cyber security. However, it should not have sole responsibility for security. Because security breaches can have potential and long-term effects on the entire business, each employee is responsible for the true cyber security preparedness.

8) We have achieved complete cyber security

Cyber security is an ongoing process rather than a final result. New, innovative, and sophisticated cyber-attacks evolve over time and constantly put your organization at risk. So you need to constantly monitor critical assets, perform internal audits and check security policies. The organization should integrate cyber security practices into key business processes and invest in continuous updating.

9) We are unlikely to witness a security breach

Many organizations anticipate that security breaches are unlikely to occur due to the industry in which they operate or due to their commercial nature. On the other hand, it is very likely that every business will suffer a security breach at some stage, so be prepared. Every organization must be prepared to respond quickly to cyber attacks and have an incident response plan so that the impact on the business can be reduced.

10) Our passwords are strong enough to prevent data breaches

Organizations often believe that their common passwords are strong enough to ensure the security of their business. However, strong password practices are just the beginning. The robust security system comes with a multi-layer defense. Organizations must use two-factor authentication and regular data monitoring.

11) Cybercriminals do not target small and medium-sized businesses

Most small and medium-sized businesses (SMB) often think they are immune to cyber-attacks and data breaches. This is one of the best myths about cyber security that needs to be uncovered today. According to a recent Verizon report on data breach investigations, 58% of victims of cyber attacks are small businesses.

12) Cyber threats come from external actors

Undeniably, external threats are the organization’s most important concern and should be closely monitored. However, internal threats are just as dangerous. The negligence, ignorance and malicious behavior of employees make internal threats a higher security risk than external ones. In a recent cyber security news index, IBM revealed that internal staff carried out 60% of all cyber attacks.

Organizations must therefore monitor intensively and prevent internal threats.

13) Anti-virus and anti-malware software is enough to ensure business security

Antivirus and antimalware software is essential to ensure the security of an organization’s network and systems. However, the software will not protect your entire IT infrastructure from all cyber risks. For advanced cybersecurity, an organization must adopt a comprehensive cybersecurity plan that includes everything from an incident response plan to insider detection and staff training.

14) The password ensures a secure Wi-Fi network

In remote workspaces or shared workspaces, employees often think that the password ensures the security of their Wi-Fi network. However, all public Wi-Fi networks can be compromised, even with a password. Passwords limit the number of users on a Wi-Fi network. Users on the network can potentially gain access to the sensitive data that is being transmitted. Employees should therefore use virtual private networks (VPNs) to secure their data.

15) We will know immediately if any of our systems are compromised

In today’s digital age, it can take months or even years to realize that your cyber security has been compromised and your computer has been infected with malware. For example, it took four years for the giant Marriott to notice a massive data breach that released the personal and financial information of their 500 million guests.