Effective security risk and compliance programs integrate technical risk management and reporting into financial and operational risk management. Failure to implement proper security protocols and best practices can result in weak management processes, an increased risk footprint, and should an incident occur, potential legal repercussions for your organization and senior management team.
Data security is critical and incidents of data exfiltration result in unwanted attention to organizations, which can lead to financial losses and reputational damage.
Data exfiltration occurs in two ways, insider threats (from within your organization) and outsider attacks. Both are major risks, and organizations must ensure that sensitive data is protected by detecting and preventing unauthorized access and data exfiltration at all times.
An attack from outside the organization occurs when an individual infiltrates a network to steal corporate data or sensitive information such as Personally Identifiable Information (PII) or Personally Identifiable Health Information (PHI). This can be a result of cybercriminals directly breaching devices or networks, or injecting malware onto a device, such as a computer, smartphone, or even a USB drive that is connected to a corporate network.
This 2-minute interview titled Managing Cyber Risks: Prevent Insider Threats Within Your Company features JANUS’ COO and was produced in conjunction with Kaplan e-Learning.
Attacks can also result from malicious insiders stealing their own organization’s data and selling sensitive information to competitors, cybercriminals, or nation-states. Data breaches can also be caused by careless employee behaviors, that result in sensitive data falling into the hands of bad actors. The inside attacker can exfiltrate data by sending it out through email or by loading it onto an external storage device such as a USB drive or external hard drive.
With the right IT security privacy and compliance partner, you can better understand what’s important to your operations and prepare a comprehensive program that addresses risks, develops risk management processes, and reduces the size of your risk exposure.
JANUS helps clients develop workable programs to control and manage small risks so that they don’t grow and become major issues. With our staff’s decades of experience focusing on client specific issues, we have assisted organizations large and small to develop sound risk management strategies that protect their operations, assets, clients, and employees.