10 Strategies Service Providers Can Use to Avoid Security Threats

By Corey Clacher

With cyberattacks and phishing incidences rapidly increasing to disproportionate numbers, businesses and industries of all types are under serious threat of data breaches on a daily basis. That includes service providers, like yourselves, who regularly deal with private information such as payroll, direct deposit, and other important financial data. In fact, it is projected that businesses in the financial and payment services industry will be the largest targets of cyberattacks in the upcoming year.

How can you make sure that your private information stays secure with a record-breaking 325,000 new threats emerging every day? You can start by watching the recorded webinar “Service Bureau Security Threats: Learning from Others’ Mistakes” hosted by Darrell Switzer, Senior Director of BAE Systems Global Incident Response Services. In this webinar, he discusses the threat landscape and how you can learn from the mistakes of others.

The webinar also provides useful strategies to help keep your private data, and the data of your clients, safe from malware and other threats. Some of the top strategies include:

  1. Knowing your Enemy

It’s easy for attackers to find out about your organization and the people in charge of protecting your data through simple online searches.

  1. Using Anti-Virus only as the Last Line of Defense

Anti-virus alone will not keep your endpoint safe. Anti-virus can’t keep up with over 300,000 variants of malware daily as it is likely weeks behind in detection.

  1. Using Multi-Factor Authentication (MFA)

MFA is an added layer of security that is highly recommended. Most major banks now require this for that reason.

  1. Implementing Proactive Incident Response Training

How you and your employees deal with breaches, and how well you are prepared for those breaches, can make all the difference.

  1. Incorporating Behavioral Solutions

Although still in it premature stages, behavioral solutions look for suspicious files and activities and can be an added benefit to your organization’s defense.

  1. Finding Trusted Partners

No one can fight cyberattacks alone.

  1. Developing, buying, and Renting True Threat Intelligence

Threat intelligence provides a lot of visibility into the threat landscape so you can focus on spending the time and money on determining the appropriate defense tools for your company.

  1. Being Proactive – Hunt for Threats

Your team simply doesn’t know the environment well enough. Identify what a perfect machine looks like in your business and compare it to a faulty one.

  1. Knowing One Size Does Not Fit All

Every organization is different and there isn’t one solution designed for them all. Look for the right defenses tailored to your specific needs.

  1. Evaluating the Purchase of Cyber Insurance

The process before signing a cyber insurance policy can be drawn-out and arduous and doesn’t always pay out in the end.

To learn more about best practices for keeping your data safe from cyberattacks, please watch this recorded webinar.

About Corey Clacher:

Corey is a Sales & Marketing Specialist at Kronos SaaShr responsible for the  marketing programs and sales initiatives of the company along with other responsibilities within the department.

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