It’s time business leaders learn executive level cybersecurity tips, because cybersecurity has never been more important for business leaders. While leaders in the c-suite and board of directors may be focusing most of their attention on the future of their business, it’s vital that they still understand and consider cybersecurity in their decisions – else there may not be a future to the business.
Across all markets and countries, cybersecurity has grown from a “good to have” to a technological necessity in the digital age. Organizations that lack the proper cybersecurity preventative measures and maintenance are bound to pay the price later on, which means business leaders should have cybersecurity on the forefront of their IT budget spend.
As a business leader in your organization, are you certain you’re placing the correct importance on critical needs in cybersecurity?
Understand The Path to Whistleblowing
One of the worst aspects of cyberattack aftermath, after the loss of data of course, is the drop in stock prices if the market no longer holds trust in your company. It’s this reason that many companies don’t report, or report at all, cyberattacks to the SEC.
The SEC doesn’t want this to be the case, however, and will offer an award to any cases over $1 million dollars under the SEC Whistleblower Reward Program. Additionally, while most IT whistleblower cases are handled outside the courtroom in private, they do end up costing organizations to keep whistleblowers quiet, and a well-timed whistleblower could cause stock prices to plummet.
To combat this, business leaders should ensure their organizations have proper internal whistleblowing programs to incentive employees to report issues internally to ensure they’re taken care of promptly, rather than feel a public display of information would get the job done more effectively. Doing so will not only help alleviate legal problems later, but will help employees feel more inclined to speak up regarding cybersecurity issues if they see problems resolved by business leaders.
Plan to Keep Things Going
Downtime is one of the most frustrating aspects of business planning, but sadly it’s inevitable to some degree. Properly planning ahead of time to ensure business continuity is the most effective way to ensure your organization’s downtime lasts as little time as possible.
Business continuity is one of the top concerns of any business leader, and properly investing in IT infrastructure is the most effective way to ensure your organization will remain in order during a time of crises. The cost of being down for an hour can be extreme, but image being down for a day, week, or month. Creating an effective business continuity plan ensures that your organization is aware of worst-case scenarios, and has the proper safeguards put in place to ensure business goes on as per usual in a time of crises.
Find the Right People for the Job
Ensuring business continuity and avoiding cybersecurity whistleblowing incidents isn’t easy, which means many organizations need to look outside their walls for help to get the job done. Knowing how to find a good IT partner may be the best business tip of all.
Selecting a good fit for your organization in cybersecurity is just as important as the security itself, since these will be the folks you’re relying on most in your time of need. Working with a local partner ensures your organization’s cybersecurity is in the hands of people you trust, who will take care of your business as if it was their own.
You put your life into your work, which means you want it in good hands. Make sure you choose a professional IT provider who takes as much pride in their work as you do.