Your Business – Do you expect your IT Provider to protect you from all Cyber Risks?

Do you expect your IT Provider to protect you from all cyber risks?
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In today’s digital age, IT providers play a crucial role in safeguarding your digital environment, and businesses rely heavily on IT providers to protect operations from cyber threats. However, expecting your IT provider to protect your business from all cyber risks might be unrealistic. They can certainly help, but complete immunity is challenging. So, let’s explore why.

Collaboration

First Things First

As a business owner, it can be tempting to make quick decisions when purchasing new cloud services or IT hardware. However, bypassing your IT consultant’s expertise in these decisions can lead to significant cyber security issues. You might inadvertently introduce vulnerabilities into your business, making it more susceptible to cyberattacks and potentially compromising sensitive data.

Your IT consultant can help vet new technology for security flaws, ensuring that all necessary security measures—such as strong passwords, encryption, and regular updates—are in place. Skipping this step can result in adopting solutions that haven’t been properly assessed for potential threats, increasing the likelihood of a breach due to insecure default settings.

The Evolving Landscape of Cyber Threats

Cyber threats are constantly evolving, and hackers are becoming increasingly more sophisticated, and new vulnerabilities are discovered regularly. This dynamic environment makes it challenging for any IT provider to offer absolute protection. While IT providers can implement robust security measures, they cannot predict every potential threat.

Shared Responsibility Model

Cyber security is a shared responsibility between yourself, your leadership team, your business and your IT provider. The infrastructure and systems may be secured by your IT provider, however you must also take proactive steps to educate employees about phishing attacks, enforcing strong password policies (perhaps even introducing a password manager), and regularly asking questions/raising concerns. A collaborative approach ensures a more comprehensive defense against cyber threats. Regular communication and best practices are essential.

Limitations of IT Providers

IT providers can offer a range of services, from firewalls and monitoring & antivirus software, vulnerability management systems to intrusion detection systems. However, they may not have control over all aspects of your business’s cyber security. For instance, human error remains a significant risk factor. Employees are often the weakest link and might inadvertently click on malicious links or use weak passwords, creating vulnerabilities that IT providers cannot always mitigate. An IT provider is also unlikely to be responsible for the cyber security of all your cloud systems. 

Cyber Security

Importance of a Multi-Layered Defence

Relying solely on your IT provider for cyber security is akin to putting all your eggs in one basket. A multi-layered defence strategy is essential. This includes implementing endpoint protection, network security, data encryption, and regular security audits. By diversifying your security measures, you reduce the risk of a single point of failure.

Complementing your security efforts is cyber security insurance, which can minimise financial fallout from cyber incidents, however it’s not a cure-all. Nevertheless, it’s something to consider as it can potentially cover losses due to data destruction, hacking, extortion and theft.

Continuous Monitoring and Adaptation

Cyber security is not a one-time effort but an ongoing process. Your IT provider should continuously monitor your systems for suspicious activity and adapt to emerging threats. Regular security assessments and updates are crucial to staying ahead of cybercriminals.

All industries face different and unique situations when it comes to cyber risks and security and there have been several examples of this in the last few years alone.

While IT providers are invaluable partners in protecting your business from cyber risks, expecting them to offer complete immunity is unrealistic. Understand the scope of their services and the limitations of their capabilities. A collaborative approach, combined with a multi-layered defence strategy and continuous vigilance, is the best way to safeguard your business in the ever-changing cyber landscape.

 

At Concord IT we work closely with businesses to help them prosper and thrive through IT. You are most welcome to reach out to us for a free initial consultation to discuss your business needs and requirements. You can also call us on (03) 7036 2470 or email hello@concordit.com.au.

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