Constructure Technologies Blog - WHY YOUR BUSINESS NEEDS TO DO A CYBERSECURITY RISK ASSESSMENT

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WHY YOUR BUSINESS NEEDS TO DO A CYBERSECURITY RISK ASSESSMENT

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After the recent attacks on Microsoft’s Exchange email server (https://www.constructuretech.com/2021/03/10/what-businessescan-learn-from-the-recent-attacks-on-microsofts-exchange-email-server/), many businesses are realizing that they may be illprepared for a potential cyberattack. With technology ever-changing and evolving, there are new vulnerabilities that are always exposed.

In a recent interview for CBS’s 60 Minutes, Federal Reserve Chairman Jerome Powell spoke of how cyberattacks are the number-one threat to the global financial system (https://www.cnn.com/2021/04/12/business/jerome-powell-cyberattacks-globalthreat/index.html). “I would say that the risk that we keep our eyes on the most now is cyber risk,” Powell told CBS. “So, you

would worry about a cyber event. That’s something that many, many government agencies, including the Fed and all large private businesses and all large private financial companies in particular, monitor very carefully, and invest heavily in. And that’s really where the risk I would say is now, rather than something that looked like the global financial crisis.”

So, what can your business do to prevent a cyberattack? The solution starts with including regular cybersecurity risk assessments as part of your overall strategy. Read on to learn more.

What is a Cybersecurity Risk Assessment?

A cybersecurity risk assessment identify, analyzes, and evaluates potential vulnerabilities and helps inform companies about steps to take in order to mitigate risks.

Why Does My Company Need to Do a Cybersecurity Risk Assessment?

To Increase Productivity Although you may not realize it, your hardware or software may be outdated. Not only do you risk vulnerabilities with outdated software and hardware, but you also kill your company’s productivity with lagging networks and outage issues.

To Identify Possible Risks You can uncover risks that you were unaware of and treat the issues before cybercriminals have a chance to exploit them.

To Increase Employee Awareness Educating employees will help make them aware of potentials risks that your company may face and how to prevent those issues from happening.

To Ensure You Are Compliant

A cybersecurity risk assessment can help you ensure that you are compliant with regulation when protecting data and sensitive information.

Moving Forward It’s a common misconception that cybercriminals only target major corporations. But no matter how big or small your business is, as long as you’re storing data you need protection – and we provide it.

The effects of a cyberattack can be detrimental to an organization. Contact Constructure Technologies today at 631-396-7777 or info@constructuretech.com (mailto:info@constructuretech.com) for more information about cybersecurity and risk analysis. With us you get peace of mind knowing that we ensure your business is always protected and functioning at its best.

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