Cybersecurity Awareness Month – Stolen Data Value

Know your Data’s Value

All companies need to know what critical and sensitive data they collect and manage in doing their business.  Knowing where your data is, is just the beginning.  Knowing its value on the dark web will help you understand the size of target on your company’s back.  Publish an Information Handling Policy to all staff to engage everyone in the process of identifying, labeling and protecting your critical and sensitive data.  Encrypt this data at rest and in motion throughout its lifecycle.  

Also, don’t forget to establish a Data Retention and Data Destruction policy to guide the safe removal of data from your business.  Otherwise, you could be facing serious trouble like Morgan Stanley did recently with old equipment that showed up on eBay.

CyberHoot recommends the following protective measures to help improve your overall cybersecurity protections and reduce the risk of compromise at your company.

CyberHoot Best practices:

1. Train your employees on the common attacks that are out there.  From weak passwords and password managers, to the importance of multi-factor authentication and how to spot phishing attacks.  Awareness is the key to defending your business.
2. Govern you employees with cybersecurity policies including Acceptable Use, Password, Information Handling and a Written Information Security Policy.
3. Establish cybersecurity best practice processes such as a Vulnerability Alert Management Process (VAMP) and a Cybersecurity Incident Management Process (CIMP) to guide and require action in the face of an emergency.  Then move on onboarding and offboarding processes, SaaS management processes, and 3rd party risk management.
4. Establish strong technical protections including: a Firewall, antivirus, anti-malware, anti-spam, multi-factor authentication on all critical accounts,  Enable full disk encryption, manage the keys carefully, and most importantly, adopt, train on and require all employees to use a Password Manager.
5. Test employees on how to spot and avoid phishing attacks.  CyberHoot has released a disruptive method of Phish Testing the fills in gaps in your employees knowledge without punishing them for failure.  Instead we reward them for success.  More info is available here.
6. Backup your data by following our 3-2-1 Backup methodology to ensure you can recover your business from a cybersecurity event.
7. In the modern Work-from-Home era, make sure you’re managing personal devices connecting to your network by validating their security (patching, antivirus, DNS protections) or prohibiting their use entirely.
8. If you haven’t had a risk assessment by a 3rd party in the last 2 years, you should have one now. Establishing a risk management framework in your organization is critical to addressing your most egregious risks with your finite time and money.
9. Buy Cyber-Insurance to protect you in a catastrophic failure situation. Cyber-Insurance is no different than Car, Fire, Flood, or Life insurance. It’s there when you need it most.

CyberHoot believes that for many small to medium sized businesses and MSPs, you can greatly improve your defenses and chances of not becoming another victim of cyberattack if you follow the advice above.

For more information on the Dark Web and what is bought and sold on it, please watch the video below.