Professional April 2022

TECHNOLOGY

Three top cyber tips for SMEs

Tony Jarvis, director of enterprise security at Darktrace provides his top three crucial pointers on data security for small andmedium companies to consider

F ollowing a year that saw cyber-attacks grow in small, to examine their cybersecurity posture. Specifically, I want to offer some tips for small and medium-sized businesses. I began my career in cyber security two decades ago, initially working for Telstra, the largest telecommunications company in Australia. Since then, I have worked as a chief information security officer (CISO) advisor and cybersecurity strategist, advising Fortune 500 clients across the world on how to defend themselves against the most sophisticated threats. I can safely say, we’ve entered a new era of cyber threat. sophistication, and business disruption compounded by a ransomware crimewave, it’s time for businesses, large and If it were measured as a country, cybercrime would be the world’s third-largest economy after the United States and China. Mid-size businesses are often considered a soft underbelly for cybercriminals. A common misconception exists among cybercriminals that mid-size businesses do too little to strengthen their cybersecurity, which makes them an appealing target. But the reality is, they are often targeted as a thoroughfare to higher- value targets, critical systems and highly classified information. Most are planning to make, or have already begun making, the sweeping, technology-driven organisational changes that define a digital transformation, and a growing majority say these adjustments will soon be essential to their competitiveness. But the cyber challenge faced by mid-size businesses is multi-faceted. They are often under-resourced and are particularly affected by a global cyber-skills shortage. Small, or non-existent, security teams are tasked with defending the business from the full range of cyber threats — from sophisticated, novel and targeted campaigns to very fast-moving smash-and-grab attacks — while managing an increasingly distributed workforce and complex digital infrastructure. The challenge extends beyond adequate resources — the threats these organisations face are too fast or stealthy for humans to contend with, and the number of new avenues for hackers to gain entry is growing at a rate too rapid for security teams to monitor. This complexity can make the task at hand seem overwhelming for small and medium-sized enterprises (SMEs), but there are some simple resolutions they can take to boost their cyber resilience.

| Professional in Payroll, Pensions and Reward | April 2022 | Issue 79 36

Made with FlippingBook - Online magazine maker