Cybersecurity Lessons for Employers

Cybersecurity was once a realm of knowledge only applicable to IT workers, but now anyone within a company that touches a computer needs to be aware of appropriate cybersecurity practices. Hackers look for vulnerabilities. Since 95% of successful cyber attacks can be attributed to human error, every employee must be educated. At Bydrec we realize from a strong system development life cycle to comprehensive company-wide cybersecurity training, our list of cybersecurity best practices is essential knowledge for any employer. 

Maintain system development life cycle (SDLC) programs. 

SDLC programs are a set of steps to create and implement software applications usually split into several stages: planning, defining requirements, designing, developing software, testing, deploying, operating, and maintaining. To optimize cybersecurity, SDLC programs should implement controls that enforce better protection on loan requests, withdrawals, and distributions. After a participant changes their account information, best cybersecurity practices entail confirming the participant’s identity through several electronic communication methods and establishing a waiting period before processing account requests. Multiple forms of validation for large distributions also support strong security. 

Monitor user activity and establish strong access controls.

Fact: 63% of confirmed data breaches involved weak, default, or stolen passwords.

A cybersecurity program should continuously monitor authorized user activity. The most effective ways to build strong access controls are:  

  • Periodically review access privileges and delete inactive accounts. Access to sensitive data should be on a need-to-access level only. 
  • Require complex and unique passwords. Create a character minimum and encourage participants to use numbers and special characters. 
  • Implement multi-factor authentication for any person that has access to participant information or data.

Establish cybersecurity programs and teams. 

Fact: Since the coronavirus pandemic, the US FBI reported a 300% increase in reported cybercrimes.

The most effective cybersecurity teams are managed at the executive level and reviewed periodically by third-party auditors. A cybersecurity program must manage access controls, incident response, cybersecurity training for employees, and physical security. Certain technical aspects of security should also be reviewed regularly by the cybersecurity team, including data backup and disposal, systems operations, network security, firewalls, antivirus software, encryption, and multi-factor authentication. 

Regularly promote AI phishing awareness. 

Fact: The top two malicious email attachment types are .doc and .dot, which make up 37% of phishing attempts. The next highest type is .exe, which makes up 19.5%.

Phishing is the number one culprit of cybersecurity breaches, so promoting employee awareness is key. Phishing emails are tricky because they usually appear as standard emails from trusted operatives within the company, clients, or partners. Cybercriminals will use attention-grabbing subject lines, use non-suspicious email addresses, and exploit your trusting relationship with the perceived sender. 

The best way to reduce breaches from phishing attempts is to provide your employees with comprehensive training. Training will teach them to recognize the hallmarks of suspicious phishing emails.

Contact Us Today

If your organization is looking to retain its focus on innovation or enhance its software development projects, look no further than the American Nearshore. Contact Bydrec by calling (866) 219-7733 or emailing info@bydrec.com for nearshore software outsourcing you can trust.

Topics: Software Develper, system development life cycle, cybersecurity