How to assess your Cybersecurity Vulnerability?

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How to assess your Cybersecurity Vulnerability?

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Introduction
The increased reliance on digital technology
results in an increased dependence on
cybersecurity. This increased reliance also
results in increased cybersecurity threats. IBM
estimates the average cost of a data breach at
3.8 Million in 2022. Not all businesses can
afford to pay such a huge amount. We have
compiled some well-tested procedures that can
help you strengthen your cybersecurity and ride
the digital wave.
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TABLE OF CONTENTS
1. Understanding the New Age Threats of
Cybersecurity
5. Evaluating Endpoint and Device Security
6. Assessing User Awareness and Training for IT
security 7. Reviewing Third-Party and External
Security Risks
2. Vulnerability Assessment Checkpoints
3. Identifying Critical Assets and Sensitive Data
of Cybersecurity 4. Assessing Network
Vulnerabilities
8 .Implementing and Testing Disaster Recovery and
Business Continuity Plans 9. Staying Up-to-Date
with Cybersecurity Best Practices
10. Conclusion
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01
Understanding the New Age Threats of
Cybersecurity
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The new age of cyber threats is not limited to
data breaches and ransomware attacks. They have
become much more advanced with AI-based security
analysis, crypto-jacking, facial recognition, and
voice cloning via deep fake, IoT compromise, and
cloud-based DDoS attacks. Cloudflare recently
stopped a DDoS attack that used a network of 5000
bots. The attack took place on a crypto platform.
Further, large volume DDoS attacks increased by
81 in 2022 as compared to 2021.
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Vulnerability Assessment Checkpoints
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• Metaorange Digital provides top-notch
  cybersecurity solutions to protect clients
  against cyber threats. Our team of certified
  experts leverages resource optimization
  strategies and helps implement automated tools
  and security protocols to enhance the
  effectiveness of security measures. With a focus
  on maximizing your budget, we work tirelessly to
  ensure that your business is secure against
  emerging threats at all times.

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03
Identifying Critical Assets and Sensitive Data of
Cybersecurity
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• Critical assets like CRM, Invoicing software,
  Financial Data, Client Information, etc., must be
  backed up in a multi-cloud environment.
  Multicloud and multi-location storage can help
  reduce vulnerabilities. Further, a greater budget
  can be allocated for safeguarding more sensitive
  resources.

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04
Assessing Network Vulnerabilities
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• A thorough assessment of network security to
  identify weak points is necessary. The
  effectiveness of existing security protocols is
  also gauged. Further, a proper plan is outlined
  to counter any security breaches and restore
  system functionality.

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Evaluating Endpoint and Device Security
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• Network endpoints are the most vulnerable points
  for breaches and exploits. Layman users often use
  laptops, mobiles, and other devices without any
  security software. Such users unintentionally
  become carriers for different types of viruses,
  malware, and spyware.
• Businesses based on the B2C model must provide
  tools and resources for securing endpoints.

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06
Assessing User Awareness and Training for IT
security
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• User awareness and training are perhaps the
  greatest security factors in any organization.
  According to IBM, human error accounts for over
  95 of security incidents. With the average cost
  of cybersecurity incidents being 4 Million, it
  becomes increasingly necessary to have competent
  staff. Training, demonstrations, workshops, etc.,
  can help prepare staff to deal quickly with
  incidents and restore systems

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Reviewing Third-Party and External Security Risks
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• Third parties also provide a significant threat
  to your security. In 2013, Target, one of the
  biggest retailers in the USA, suffered a data
  breach that was caused by a failure in due
  diligence from a third-party vendor. Hackers
  could access vendors credentials and steal the
  personal data of 40 Million customers.
• To avoid such incidents, businesses can arrange
  awareness meetings with stakeholders, suppliers,
  and even their staff to discuss protocols and
  demonstrate best practices.

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08
Implementing and Testing Disaster Recovery and
Business Continuity Plans
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• Disaster Recovery plans are critical because they
  help your business get back online after security
  incidents. Loss of data also means loss of trust.
  Further, they also handicap your relations with
  existing clients and customers.
• However, these plans are only effective as long
  as they are tested and implemented. According to
  a Spiceworks study, about 95 of companies have
  disaster recovery plans, but about 25 of them
  never test their strategies.
• Untested strategies often prove disastrous in the
  most critical times.

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09
Staying Up-to-Date with Cybersecurity Best
Practices
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• Keeping up with trends through online
  publications, blogs, workshops, and seminars is
  essential. Not all of them would be equally
  beneficial, but a few of them will benefit you
  beyond expectations.
• Metaorange blogs help you stay abreast with the
  latest trends, ideas, and best practices for
  helping you run your business smoothly. Further,
  each of our blogs extracts the best information
  from the internet and only shows you highly
  relevant information.

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Conclusion
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• Cybersecurity threats have evolved. Tools and
  security infrastructure of the past are barely
  enough to secure systems from new-generation
  threats like AI-based cyber attacks,
  crypto-jacking, facial and voice cloning via deep
  fake, IoT compromise, and cloud-based DDoS
  attacks.
• However, there are multiple methods of security
  in these systems such as endpoint security,
  securing third-party contact points, backing up
  critical assets, disaster recovery plans, and a
  lot more.

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