Enhance Your Company’s Security With MFA

September 14, 2023

Enhance your company’s security with MFA. Cybersecurity threats pose a growing challenge to businesses of all sizes. Attackers exploit weaknesses in customer data systems to access and use it against them.

Therefore, it’s essential that your cybersecurity posture be strengthened through various methods – including installing security solutions and training employees.

1. Implement a Multi-Factor Authentication (MFA) Solution

MFA is an effective solution to increase your company’s cybersecurity posture and is simple and cost-effective to implement.

MFA provides essential protections against sensitive data breaches, reduces the risk of phishing attacks, and blocks hackers from breaking in through weak passwords. Furthermore, MFA is an essential step toward meeting GDPR and other standards compliance.

MFA doesn’t only protect against cyber attacks; it can also improve user experience. By eliminating the need to memorize complex passwords, MFA allows users to log in more quickly and securely.

MFA uses an adaptive approach, ensuring additional authentication is only required in certain situations – for instance if someone logs in from an unknown location or uses a device not associated with their organization. This “step-up” authentication significantly enhances user experiences.

Your MFA solution must be flexible enough to support multiple authentication methods for users while remaining simple and user-friendly for your employees. Furthermore, it should support various applications and devices.

As administrators work in zero-trust security environments, it’s critical that administrators find an MFA solution with enough flexibility and control to meet their needs. Organizations should be able to configure flexible authentication policies granularly while complying with modern open standards for authorization and authentication.

Consider looking for MFA solutions that integrate with third-party accounting and CRM systems, in order to avoid hackers gaining entry through compromised customer accounts. This will prevent hacker intrusion through fraudulent activities on customer accounts.

MFA is becoming more common as a standard feature on various operating systems, web platforms, and account-based services. Furthermore, some of the largest tech companies now provide it as an option to their customers.

MFA solutions should offer an array of security measures, ranging from basic options like randomly generated one-time passwords and push notifications to advanced biometrics and push notifications like fingerprint scanners, face scans and iris recognition. Furthermore, mobile device features such as GPS, cameras and microphones can also be integrated seamlessly with MFA solutions for an enhanced user experience and extra layer of protection for mobile apps. This makes MFA an excellent solution for organizations that wish to add extra layers of protection while improving overall user experiences on mobile apps.

2. Invest in a Security Information and Event Management (SIEM) Solution

One of the best ways to bolster your company’s cybersecurity posture is investing in a Security Information and Event Management (SIEM) system. SIEM solutions ingest and analyze log data from all devices, applications, hardware and cloud services in real-time in order to detect suspicious activity, threats and anomalies that could potentially lead to attacks.

SIEM solutions also provide an overall view of your network, making it easy to detect potential issues before they turn into full-fledged breaches or outages, helping reduce damage and revenue loss associated with breaches or outages.

Even though SIEM technologies are essential, they’re often expensive and require experienced staff for implementation, management, and optimization. Therefore, before investing, make sure you have an in-depth plan in place for getting it up and running successfully.

Before selecting a SIEM solution for your business, it is crucial to prioritize its needs and objectives. A smaller security organization may begin with basic event collection before gradually building more advanced capabilities such as user and entity behavior analysis (UEBA) or security orchestration automation and response (SOAR).

Therefore, it’s essential that use cases are defined for your SIEM deployment. This helps ensure the correct data enters your tool efficiently while providing guidance for how you can scale its functionality over time.

Once you understand the scope of your needs, it is equally essential to select a SIEM solution that fulfills all security compliance regulations such as HIPAA, PCI DSS, FERPA, SOX or GDPR.

SIEM solutions should offer real-time monitoring of events occurring within your network, with encryption capability both during transit and at rest. In addition, comprehensive SIEM solutions should feature USB device monitoring and SSO/smart card integration as part of its defenses against cybercrime.

SIEM solutions that excel are those capable of quickly combing through data in seconds to detect suspicious activity, investigate events and demonstrate compliance with industry standards with audit-proven reporting capabilities. SIEM plays an integral part in protecting organizations against security risks; thus making SIEM such an invaluable piece of protection.

3. Implement a Firewall

A firewall is a software or hardware solution designed to safeguard networks against external threats such as malware and spyware, which could infiltrate them and access devices on your network to steal information.

A quality firewall will also ward off hackers looking to spy on or steal information for their own gain, such as spying or information theft attacks that leak confidential business data with devastating repercussions for the business itself.

Small businesses are particularly susceptible to cybercrime and hacking attacks, which can leave their operations exposed and result in losses in revenue and brand image. According to one recent study, each hack costs a small business between $84,000 and $148,000 in damages.

While these figures may seem alarming, they shouldn’t come as a shock given the large volume of private data transmitted over various types of networks and the internet. Unfortunately, hackers and criminals lurk out there looking to exploit your company’s data in any way possible.

There are various kinds of firewalls that can help keep your company safe, from simple packet filtering firewalls that check data packets against certain parameters to state-full firewalls that track inbound and outbound traffic over time and filter it according to context history.

One of the key aspects of any firewall is ensuring its configuration is appropriate and compatible with other security tools you may use. When choosing your firewall, look for one designed to support multiple types of security solutions while offering a centralized management portal for monitoring and control purposes.

An essential aspect of any firewall should be its adaptability to fit the unique needs of each company or individual user. To this end, firewall software provides you with the means to personalize protection levels based on these specific needs.

Kirbtech can assist your company in strengthening its cybersecurity posture by helping identify and implement the optimal firewall solution for your company’s specific needs. We will also ensure it’s installed correctly while being up-to-date and secure.

4. Invest in a Backup Solution

Data backup solutions are an essential element of any company’s cybersecurity program, providing critical protection in case of disaster or cyberattack. A good data backup plan ensures you can recover important files should something unexpected occur and ensures business continuity.

Companies today store an ever-increasing volume of data, but there’s always the risk that system failure or natural disaster will render this information inaccessible. That’s why investing in an efficient backup solution that allows your organization to recover lost files quickly is so critical for business continuity.

Businesses dealing with data silos and sprawl can find that modern backup solutions offer them relief by enabling IT to easily set policies for the archiving, replication and backup of files across their network – no matter how dispersed their sources are.

Backing up your data regularly not only protects against data loss, but it can save time and money in the long run. This is especially useful when your business relies on sensitive information for daily operations – such as customer details or financial records.

If a disaster hits, your business could be subject to significant losses and damages without an effective backup and recovery system in place. A backup solution will allow your company to quickly restore any files or data affected by an incident, leading to less downtime and increased productivity across your enterprise.

By regularly backing up your data, it can help reduce storage and bandwidth usage costs, particularly when you utilize cloud-based solutions that offer low capital investments with pay-as-you-go pricing models.

Backup is an integral component of any cybersecurity plan as a proven means to avoid data loss and ensure employee retention; they feel more at ease knowing their data can be recovered in case of emergency, leading to higher morale and productivity across your workforce.

Ammar Fakhruddin

ABOUT AUTHOR

Ammar brings in 18 years of experience in strategic solutions and product development in Public Sector, Oil & Gas and Healthcare organizations. He loves solving complex real world business and data problems by bringing in leading-edge solutions that are cost effective, improve customer and employee experience. At Propelex he focuses on helping businesses achieve digital excellence using Smart Data & Cybersecurity solutions.


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