Shielding Your Business: Tackling the Top 4 Cybersecurity Risks
Cybersecurity risks are evolving rapidly, they continue to threaten businesses of all sizes across the UK. From ransomware to geopolitical cyber threats, understanding these risks and taking proactive measures is essential for safeguarding reputation. From our analysis, we’ve dived into what we believe are the top four risks and explore how you can help mitigate them effectively.
1. Ransomware Attacks
Ransomware is a devastating cyber threat that locks businesses out of their systems and data until a ransom is paid. For organisations, this can lead to business interruption and operational downtime, financial losses, and reputational damage. These attacks often start with a simple phishing email or malicious link clicked by an unsuspecting employee, with consequences ranging from a minor annoyance to a catastrophic incident that halts everything. The mechanisms to combat ransomware are the same everywhere. 1. Businesses must prioritise regular backups of critical data and configurations, ensuring it is stored securely offline or in an isolated cloud environment (the last thing you need during an incident is to discover that your backups are also unavailable). 2. Employee training is equally vital—helping and empowering staff to identify phishing attempts can significantly reduce exposure (integration into your email platform is often an effective way to boost engagement). Finally, investing in advanced endpoint security solutions (often referred to as EDR, Endpoint Detection and Response) can help detect, block and prevent ransomware before it takes hold.
2. Supply Chain Vulnerabilities
Your supply chain could be your weakest link in cybersecurity. Many organisations rely on third-party suppliers whose systems might lack robust security measures, creating an entry point for attackers. A breach within a supplier’s network could cascade into your organisation by disrupting their operations or exposing your sensitive information to the attackers. To help mitigate this risk, conducting thorough due diligence and vendor assessments is crucial—ensuring that your suppliers meet a level of cybersecurity that you’re comfortable with. Additionally, to further support this you should include contractual obligations which mandate your suppliers to maintain strong security processes. If they are on your networks, you should limit access between your systems and those of third parties to minimise your exposure to any of their potential threats.
3. Legacy System Weaknesses
Outdated software and hardware—known as legacy systems—pose significant security risks due to unpatched vulnerabilities and lack of ongoing manufacturer support. Hackers often exploit these weaknesses to gain unauthorised access to these services, with the intent to disrupt operations, steal your sensitive information or as a launchpad to access other parts of your network. Businesses should upgrade legacy systems where they can to modern alternatives that receive regular updates and support. Where this isn’t possible, they should deploy additional controls that help protect the legacy system from other hosts and vice-versa. Often restricting access to legacy systems and monitoring their activity closely ensures that any unusual behaviour is quickly identified and can be addressed. Where updates are available, they should be applied as soon as reasonably possible, with the risks of doing so against not doing so considered together.
4. Geopolitical Cyber Threats
The rise in geopolitical tensions has given rise to state-sponsored cyber-attacks targeting businesses as part of political conflicts or espionage efforts. These sophisticated threats can lead to data theft, sabotage, or operational disruption for organisations caught in the crossfire due to their industry, location, or partnerships with politically sensitive entities. Staying ahead of these threats is extremely difficult and potentially costly. By collaborating with industry groups and government bodies for real-time threat intelligence sharing, you can develop a tailored incident response plan which ensures your business can react swiftly in the event of an attack. Additionally for certain industries, adopting advanced security frameworks such NIST Cyber Security Framework (NIST CSF), NSCS’s Cyber Assessment Framework (CAF) or ISO 27000 series will help to make you harder to target than your competitor.
Partnering with Somniac Security
Cybersecurity risks are complex and ever-changing—but you don’t need to tackle them alone. The team at Somniac Security specialises in designing and implementing tailored cyber risk mitigation strategies that help address the unique challenges faced by your organisation. Our experts will work closely with you to understand what makes your organisation unique which ensures you have the right solutions deployed to create the resilience you need to enable you to grow confidently.
Contact Somniac at info@somniacsecurity.com today to help safeguard your business against tomorrow’s challenges!
