Category Archives: HIPAA Compliance

03.22.21
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Supply Chain Compliance: What You Need To Know About HIPAA, GDPR, CMMC & More

Does your business need to follow specific supply chain compliance mandates?

Depending on your industry and the nature of your business, you might be required to protect your data under certain regulations.

Do these regulations apply to you?

Keep reading to learn about the top three most common supply chain compliance regulations now.

 

Top 3 Regulations That Incorporate Supply Chain Compliance

Let’s look at the most common supply chain regulations and what they say about supply chain compliance.

 

#1• The Healthcare Portability and Availability Act (HIPAA)

In short, HIPAA protects patient data. If you fail to establish a business associate agreement that defines the way your third-party vendors/partners manage personal health information (PHI) or electronic PHI (ePHI), you will be held culpable and fined suitably.

 

#2• The EU’s General Data Protection Regulation (GDPR)

GDPR’s infamous 72-hour breach notification rule applies to both data controllers (your business) and data processors (your supply chain). Even in the event of a security breach at your vendor’s end, you are responsible for notifying your customers within 72 hours.

 

#3• The Cybersecurity Maturity Model Certification (CMMC)

If you are a member of the Defense Industrial Base (DIB), the U.S. Department of Defense (DoD) lays equal emphasis on your business and your supply chain. Both must earn the necessary levels of certification (defined under CMMC) by demonstrating compliance with NIST CSF 800-171 requirements.

 

The Cost Of Non-Compliance: Millions In Fines For Marriott International

Wondering whether non-compliance with these regulations has ever cost a business dearly? 

Take Marriott International as an example:

In November 2018, the hospitality giant was fined under GDPR for a data breach that exposed over 339 million guest records. 

Even though the breach originated from a third party vendor in their supply chain, Marriott was still held liable for the breach. Following a two-year investigation, the company ended up facing £18.4 million in fines. 

Marriott International is just one example of the price companies have to pay for not detecting and mitigating a prudent supply chain risk.

 

How To Proactively Protect Your Supply Chain & Remain Compliant

Now that you know what you’re up against, let’s cover a few precautionary measures to help you protect your supply chain and remain compliant. 

 

  • Assess your security and compliance posture thoroughly: Make sure both your business and your supply chain are compliant at all times.

 

  • Ask the right questions and demand checks/balances: Be prepared to quiz your supply chain on whether they mirror your business’ security and compliance posture. 

 

  • Make data integrity and structure a requirement: Let your third-party vendors and partners know how crucial it is for them to ensure that data is stored, managed, and secured properly.

 

  • Commit to ongoing compliance management: Demonstrate your commitment to full compliance within your supply chain by monitoring threats and presenting evidence that you are following necessary regulations. 

 

  • Assume the worst-case scenario and prepare for it: Remember this throughout the process of ensuring supply chain compliance and remind your third-party partners to have this same mindset.

 

Set Up Your Supply Chain Compliance Strategy Now

When it comes to supply chain compliance, you can never be too careful.

If you’re wondering how to start implementing the proactive measures we just mentioned, you can start by talking to someone who knows the ins and outs of HIPAA, GDPR and CMMC regulations.

Make sure you’re fully protected by partnering with the trusted IT consultants at Third Power IT. We’ll map out the whole journey for you and help you through it each step of the way.

Call us now at 844-677-3687 or visit www.ThirdPowerIT.com to get started.

The post Supply Chain Compliance: What You Need To Know About HIPAA, GDPR, CMMC & More appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

03.19.21
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Supply Chain Security Tips: Hear from South Florida’s Top Cybersecurity Consultants

Did you know a supply chain cyber attack could cost you millions?

 

Even if your supply chain operates through a third party vendor, you will be responsible for compromised data. As a result, you could face hefty fines and messy lawsuits if you don’t maintain supply chain compliance.

 

The Importance of Supply Chain Compliance

 

That’s why it’s so important for your business’ cybersecurity posture to prioritize detection, evaluation and mitigation of supply chain risks.

 

If you want to avoid a costly cybersecurity mishap, we advise that you practice ongoing supply chain risk management.

 

Below you’ll find top tips for supply chain cybersecurity from Third Power IT, providing the best cybersecurity services in Miami.

 

Supply Chain Risk Management Best Practices

 

Prevention is key when you are managing data, systems, software and networks.

 

By proactively adopting risk management practices, you will help enhance your supply chain’s security. Keep reading to learn some of these practices right now.

 

  • Security Awareness Training: Educate employees on cybersecurity so they know the mistakes to avoid. Draft an effective security awareness training program, and implement it regularly to ensure all stakeholders are on the same page.

 

  • Data Classification: Identify data, segment it according to its worth and assign security to each type of data. This will help you know your data thoroughly, which makes it easier for you to secure it.

 

  • Access Control: Grant data access to select users. With robust authentication and authorization protocols in place, you can minimize the chances of sensitive data getting compromised.
  • Authentication verifies whether the user is who they claim to be
  • Authorization verifies whether a user has access to a particular type of data

 

  • Monitoring: Monitor data consistently so you can detect threats quickly and respond to attacks right away. Evaluate relevant data to recognize suspicious activity. Pre-define acceptable behavior on the monitoring system. If breached, the system will trigger an alert.

 

  • Endpoint Protection: Secure endpoints to protect the most vulnerable part of your supply chain. Cybercriminals are skilled at identifying weaknesses within your network. In most cases, it turns out to be an end-user device on your network or even devices on a third-party partner’s network.

 

  • Patch Management: Patch security gaps so your business isn’t exposed to cyber attacks. Whenever a new patch becomes available, update software immediately.

 

  • Routine Scanning: Enable a coordinated process to test, recognize, examine and reveal potential security threats. Automate these scans so they are conducted regularly without investing a lot of time and effort.

 

  • Network Segmentation: Segment your business’ network into smaller units so you can control movement of data from one segment to another. Automate this process to restrict suspicious entities from gaining access to vital information or data.

 

  • Managed Detection and Response: Deal with cyber threats strategically with MDR, an economically feasible service that helps you with in-depth threat detection and response. Threat hunting helps you with research and analysis of vulnerabilities.

 

Adopt Supply Chain Cybersecurity Best Practices Now

 

When it comes to supply chain security, the best practices mentioned above are just the start of how to prevent security incidents. Enlisting the help of an MSP can help you stay ahead of the curve.

 

The experts at Third Power IT have the experience necessary to build walls cybercriminals can’t break. Visit www.ThirdPowerIT.com to hear more about safeguarding your supply chain from looming cyberthreats now.

 

 

 

The post Supply Chain Security Tips: Hear from South Florida’s Top Cybersecurity Consultants appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

03.12.21
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Supply Chain Compliance: Prevent A Supply Chain Cyber Attack from Happening To You

Did you hear about the recent supply chain cyber attack on multiple major airlines?

 

When an IT vendor’s passenger service system (PSS) was hacked, cyber criminals gained access to the frequent flyer data of customers all over the United States.

Now 90% of the world’s airlines are facing potential penalties for compromised customer data.

Even though the data breach was caused by a third party vendor, the airlines are still liable for this major cybersecurity mishap.

Don’t let something like this happen to you!

 

Prevent A Supply Chain Data Breach

Are you familiar with the regulations and standards governing your supply chain management obligations?

Whether your supply chain is a big or small operation, you must ensure that it isn’t the reason your business is non-compliant with the necessary regulations and standards.

Staying on top of your supply chain cybersecurity involves a great deal of continued effort, but it’s worth it.

If your business has compliance risks thriving within your supply chain, you could find yourself facing:

 

  • Financial losses
  • Loss of reputation
  • Expensive lawsuits

 

And the list goes on.

No regulator will cut you any slack for “not being aware” of prevailing or imminent risks. You will just be considered negligent.

Fulfilling your supply chain management obligations begins with being aware of the regulations and standards that govern it.

Over the next few minutes, you will understand:

  • What supply chain compliance is
  • The various forms it can take
  • How you can start protecting your supply chain now

First let’s talk about what supply chain compliance is and the many forms it can take.

 

Understanding Supply Chain Compliance

 

What is Supply Chain Compliance?

Fundamentally, supply chain compliance refers to an organization’s adherence to the established guidelines and requirements to manage supply chain risks. In addition, it pertains to your ability to meet or exceed the expectations of stakeholders.

Supply chain compliance guidelines and requirements come in many forms.

 

Forms of Supply Chain Compliance Guidelines and Requirements:

  • National, state/provincial and local or border/international regulatory requirements
  • Industry standards (e.g. ASTM & HIPAA)
  • Contractual obligations or requirements
  • Customer and non-governmental organization (NGO) expectations

Achieving, demonstrating and maintaining compliance with these multiple standards requires comprehensive collaboration with your third-party partners.

Are you ready to get started?

 

Protect Your Supply Chain With Third Power IT

Supply chain protection is a 24/7 operation. Make sure you’re fully compliant by teaming up with a trusted IT consultant that understands the ins and outs of supply chain compliance.

When you work with Third Power IT, you will get a custom cybersecurity package that fits your needs. We have experience working closely with:

  • Healthcare facilities regarding HIPAA compliance
  • Banks and investment firms regarding financial compliance
  • Schools and colleges regarding FERPA compliance

And much more

Ensure your compliance today. Visit www.ThirdPowerIT.com to get started now.

The post Supply Chain Compliance: Prevent A Supply Chain Cyber Attack from Happening To You appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

03.08.21
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8 IT Tips to Protect Your Customer Data: Secure Personally Identifiable Information (PII) Now

Do you know what it takes to secure customer data so you don’t encounter a cyber attack?

With the cyber threat landscape constantly evolving, businesses need to step up and secure Personally Identifiable Information (PII) and other sensitive data now more than ever. 

If you fail to do so, you could end up putting the future of your customers, employees and company at risk. 

So, how do you ensure your customer data is safe and secure?

Below you’ll find some helpful tips to start securing your customer data right now.

 

8 IT Tips for Securing Customer Data and Personally Identifiable Information (PII)

#1 • Use behavioral analytics to set up unique behavioral profiles for all company insiders (employees, stakeholders, etc.). Set up an alert to detect insiders accessing data not associated with their job functions.

#2 • Implement access and permission controls to review, revise and restrict unnecessary user access privileges, permissions and rights.

#3 • Review the PII data you have already collected, where it is stored and who has access to it. Securely delete what is not necessary for the business to operate.

#4 • Set up an acceptable PII usage policy that defines how PII data should be classified, stored, accessed and protected.

#5 • Make sure your PII policy is compliant with different privacy and data regulations that apply to your business.

#6 • Upgrade your storage holdings to ensure the data lives in a SOC2-protected data center.

#7 • Cut down on inadvertent insider threats by implementing mandatory cybersecurity and data security training programs.

#8 • Make use of software that will help you protect PII, such as:

  • Third-party risk management solutions
  • Data loss prevention tools
  • Dark Web monitoring applications
  • Secure documentation solutions

 

Did You Know…

Did you know that most PII data breaches result from an insider threat? 

This means that someone within your organization enables hackers to access your customer PII. While most insider threats are unintentional, they still pose the same risks to your customers and your business.

That’s why taking adequate measures to secure PII is so important. Just a few key actions can significantly strengthen your cybersecurity posture.

Are you ready to get started?

 

Protect Your Customer Data Now With Third Power IT

If you’re unsure about how you can effectively protect customer PII, leave it up to the cybersecurity experts at Third Power Power IT.

As South Florida’s preferred IT consultants, we manage and protect data for organizations of all sizes and industries. 

From e-commerce to finance, healthcare to education and much more, we know what it takes to secure your network and protect your data from cyber theft.

Team up with Third Power IT today. Visit www.ThirdPowerIT.com to learn more now.

The post 8 IT Tips to Protect Your Customer Data: Secure Personally Identifiable Information (PII) Now appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

03.02.21
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Personally Identifiable Information: Don’t Put Your Customers At Risk Of Cyber Theft

Are you making it easy for hackers to access your customer data as a result of not having a cyber security plan in place?

If you’re familiar with our IT blog, then you may already know what Personally Identifiable Information (PII) is and how it affects your business and your customers.

In previous blogs, we talked about:

  • What PII is
  • Why you need to secure customer PII
  • The top causes of a PII data breach
  • The risks to your business when PII is stolen

In this blog, we are going to cover how stolen PII implicates your customers — and why you should care.

First let’s refresh your memory on what PII is and what happens when there’s a PII data breach.

 

What is PII?

Personally Identifiable Information (PII) refers to various data points that can be used to identify an anonymous individual. Social security numbers, tax identification numbers, and location data are all examples of PII.

 

What Happens When PII is Stolen?

When a hacker gets hold of any type of PII, they gain access to confidential information. They can use this information to tap into your network and steal your data. They can also use this information to target your customers.  Having a cyber security plan is crucial.

So, how can they use PII against your customers, and why should you care? Keep reading to find out.

 

PII DATA BREACH: KNOW THE RISKS TO YOUR CUSTOMERS

  1. Identity Theft

Cybercriminals acquire sensitive customer data to use it to their advantage. For example, they can impersonate your customers using their credit card numbers, social security numbers, health plan beneficiary numbers or biometric identifiers. Then, they use this stolen identity to commit fraud or gain financial benefits.

  1. Social Engineering Attacks

Data breaches can uncover your customers’ PII, especially sensitive data, such as name, address, contact details, date of birth and so on. Cybercriminals can put these data points on the Dark Web and use them to launch social engineering attacks on your customers. The attackers may then psychologically manipulate or trick customers into sharing their confidential details.

  1. Blackmail Campaigns

Data breaches can expose sensitive medical information, such as psychotherapy reports or blood test reports. Cybercriminals can use this information to run blackmail campaigns against your customers by threatening to leak the information online.

As you can see, the implications of a data breach can have devastating effects on your customers, and this can also affect you.

 

How Stolen PII Affects You and Your Business

So, how does stolen customer data impact you?

If your customers experience a cyber attack of this kind, they will be less likely to work with you in the future. What’s more, they may write poor reviews, which can damage your online presence. They may even go as far as suing you for negligence.

Don’t lose the trust of your customers and the integrity of your business.

 

Keep Customer Data Safe and Secure

Want to do everything in your power to prevent a cyber attack? Leave it up to the experts at Third Power IT. 

Our consultants have decades of experience protecting data for healthcare facilities, financial institutions, e-commerce businesses, colleges, and more.

At Third Power IT, we know one size does not fit all when it comes to cybersecurity. That’s why we create custom IT packages based on your unique needs. 

Start building your cybersecurity strategy today. Get in touch with us now by contacting us online or calling us directly at: 844-677-3687

The post Personally Identifiable Information: Don’t Put Your Customers At Risk Of Cyber Theft appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

02.25.21
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Know the Risks: Insider Threats To Customer Data & Personally Identifiable Information (PII)

Is your customer data up for grabs?

 

Customer data, also known as Personally Identifiable Information (PII), is one of the most popular targets for a cyber attack. Once a hacker gains access to this information, they can steal your company’s proprietary information and your customers’ identities at the same time.

 

The repercussions of such an attack can be catastrophic for your business, especially if you’re a healthcare facility or a financial institution.

 

From legal fees and lawsuits to temporary shutdowns or permanent closures, compromised PII is never fun.

 

So, are you at risk of a PII data breach?

 

First let’s briefly discuss what PII is and how it pertains to your business.

 

What is PII?

 

PII refers to data points that can be used to identify an individual. This customer data comes in many forms, and you might be in trouble if it gets into the wrong hands.

 

  • Social security numbers
  • Mother’s maiden name
  • Tax identification numbers
  • Date of birth
  • Biometric data
  • Race & religion
  • Location data

 

What Causes a PII Data Breach?

 

According to Risk Based Security, 60 percent of customer data breaches are caused by insider threats or security threats that originate from within an organization.

 

This means that your employees and stakeholders are the primary cause of a PII data breach.

 

To make things worse, reports indicate that the number of insider incidents has increased by 47 percent over the last two years.

 

While most insider threats are unintentional, they still pose just as much risk.

 

Now that you know the main cause of a customer data breach, let’s deep dive into the potential risks that insider threats pose to PII and how you can protect your organization against such threats.

 

The Risks of Stolen PII

 

Whether you’re a healthcare facility, a financial institution, or even an e-commerce business, compromised customer data can seriously harm your operations.

 

Below we’ll break down the major risks of stolen PII.

 

  1. Reputational Damage

 

According to a study by Ponemon, 44 percent of companies believe it takes anywhere from 10 months to over two years to restore a company’s reputation after a breach. Even if you respond promptly and properly to your customers regarding a data breach, it could still result in a PR disaster and a decline in your customer base.

 

  1. Financial Loss

 

The average cost of a data breach in the U.S. is $8.19 million. Some of the consequential costs that companies find themselves paying include compensation to affected customers, fines and penalties for non-compliance with regulations such as GDPR, expenses for forensic investigations and more. On top of that, the valuation of your company could tumble as well.

 

  1. Ransomware Costs

 

A malicious insider  who gains access to your data systems can steal sensitive customer PII from your network. Once your systems are hacked, the cybercriminal can block access to your data and threaten to sell the information on the Dark Web if you don’t pay the ransom.

 

  1. Operational Standstill

 

Data breaches have the potential to paralyze your business operations. You will have to conduct a detailed investigation to determine what data has been compromised and the cause behind the breach. You will have to take steps to recover lost data, and you may face expensive lawsuits and settlements. In most cases, this will pause your business operations.

 

Now that you know the risks, isn’t it time to protect your customer data so you can avoid a data breach?

 

Protect Your PII Today with Third Power IT

Miami’s Leading Cybersecurity Consultants

 

A cyber attack can happen at any time. That’s why 24/7 data protection is so important. With cyber threats on the rise, now is the time to invest your cybersecurity.

 

But you don’t have to go about it alone. Secure your data and gain peace of mind when you work with Third Power IT, South Florida’s preferred IT consultants.

 

Set up your cybersecurity strategy today. Visit www.ThirdPowerIT.com to get started now.

 

The post Know the Risks: Insider Threats To Customer Data & Personally Identifiable Information (PII) appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

02.23.21
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Personally Identifiable Information (PII): Why You Need To Secure Your Customer Data

Are you risking a cyber attack by unknowingly allowing access to your clients’ personal information?

 

When you expose customer data, you become vulnerable to cyber attacks. Even if the breach is unintentional, you still risk getting sued for breaking confidentiality. And you will certainly be liable for violating legal compliance.

 

As a result, it’s important to secure customer data so you can avoid a cyber attack and the headache that comes with it.

 

Now that you know the importance of this, let’s take a look at the customer data in question, also known as Personally Identifiable Information (PII).

 

What is PII?

 

PII refers to any information maintained by an agency that can be used to identify or trace an individual.

 

In other words, PII includes data points that such as:

 

  • Social security number
  • Mother’s maiden name
  • Tax identification number
  • Date of birth
  • Biometric data
  • Race & religion
  • Location data

 

Any of the above information can be used to identify anonymous data.

 

So, why is it so important to protect PII?

 

Why Secure Your Customer Data?

 

If your organization handles PII, you must take steps to secure your customer data.

 

Not only is this essential from a compliance standpoint, but with security breaches on the rise, you have to make sure customer PII is not being compromised.

 

Is it really that common? In short, yes.

 

As a frame of reference, Risk Based Security revealed that by the end of 2020, a total of 36 billion records had been exposed and compromised.

 

When you put this information at risk, you lose the trust of your customers, thus damaging your company’s reputation. Plus, this enables hackers to steal your sensitive data and proprietary information. What’s more, if you are found negligent, you might end up facing fines, lawsuits, and more.

 

In particular, healthcare facilities and financial institutions must carefully collect and store customer data so that it remains confidential. The repercussions of falling short are severe.

 

Regardless of your industry, if you manage PII, you need to protect it. Are you ready to get started?

 

Protect Personally Identifiable Information With Third Power IT

 

If your business handles PII, you can’t risk putting customer data at risk.

 

A breach of this kind can result in:

  • Getting fined or sued
  • Losing loyal customers
  • Closing your business for good

 

Don’t let this happen to you.

 

Protect PII now with the help of Third Power IT, Miami’s best cybersecurity consultants. Visit www.ThirdPowerIT.com to learn more and get started now.

 

 

 

 

 

 

The post Personally Identifiable Information (PII): Why You Need To Secure Your Customer Data appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

02.19.21
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The Cost Of A Cybersecurity Breach For Your Florida Based Business Could Be Massive

The digital age comes with so many great advances in technology to make our lives and businesses run more smoothly. Unfortunately, nothing is truly safe. No matter how protected you think your business’ systems and networks are, they can fall prey to hackers and this is where you need to ask yourself, “Do I have the proper cybersecurity standards in place.”

Data breaches and cybersecurity incidents have become common place and they’re becoming increasingly costly. These breaches can expose personal information. No matter the size of your company, it will be costly for you to do through a data breach. In fact, the average cost of a data breach in 2020 is $3.86 million, according to a report from IBM and the Ponemon Institute.

To break it down further, the average data breach costs a company $154 per record. With a database of just 10,000 clients, you have a potential breach of $1,540,000.00 in a single hack. Is your company ready and prepared for such a breach?

When a data breach occurs, your company will deal with varied direct and indirect costs related to time and effort dealing with the breach, lost opportunities, bad publicity, customer churn, and regulatory fines.

Fortunately, costs can be smaller for those companies who are prepared. An analyst at IBM stated that companies who engage in effective cybersecurity practices are seeing significantly reduced costs and those companies who aren’t preparing are facing higher costs.

In fact implementing cybersecurity best practices and remaining compliant with industry standards will not only protect your business but also lower your premiums with many carriers.  You heard correctly!! It can help lower your business insurance premium – another cost saving opportunity.  Of course, the actual cost savings will vary depending on your industry, company size, annual revenue, and the insurance carrier, among other things.

Having the right team behind your cybersecurity is essential in achieving everything that we have talked about here.  If you are not sure where to start, look no further than our Miami Cybersecurity IT Experts here at ThirdPowerIT.  Let us give you a thorough assessment today.

Get Started Now: Contact Us Online

The post The Cost Of A Cybersecurity Breach For Your Florida Based Business Could Be Massive appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

02.15.21
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Discover The Top Two Insider Threats To Your Business

You might already know about the external risks that threaten the cybersecurity of your business, but are you aware of the insider threats that also exist?

 

In case you didn’t know, data protection regulations require your business to assess all possible threats to the sensitive data your business stores or manages.

 

While most businesses tend to focus their attention on outsider threats, they often overlook internal threats that exist right within their walls.

 

According to Verizon’s 2020 Data Breach Investigations Report, 30 percent of data breaches involved internal threats.

 

Unfortunately, all it takes is one disorderly or negligent employee to cause damage to your business.

 

So, how can you prevent this from happening to you?

 

In this blog, we will help you understand the different types of insider threats and how you can create a defense strategy to minimize these threats.

 

First let’s talk about what insider threats are and how they affect the cybersecurity of your business.

 

What Are Insider Threats?

 

Insider threats refer to security risks that originate from within an organization. Essentially, an insider threat involves someone who is a part of your business network or has access to it.

 

An Insider Threat Can Come From:

  • Current employees
  • Former employees
  • Consultants
  • Business partners
  • Board members

 

Insiders with access to your business’s sensitive data can compromise the integrity of the data for any reason, whether it is intentional or not.

 

Now let’s take a look at two types of insider threats you should be aware of.

 

The Main Types of Insider Threats

 

There are two main types of insider threats, and both can do damage to your business if you allow it. Keep reading to find out what they are right now.

 

Insider Threat #1: The Malicious Insider

 

A malicious insider is anyone with legitimate access to your business’ network and sensitive data who decides to exploit the privilege either for financial gain or out of spite.

 

Out of the 4,716 insider incidents that were studied by the Ponemon Institute and IBM in the Cost of Insider Threats: Global Report 2020, 23 percent were related to criminal insiders.

 

The worst part? The report said the annual cost to companies due to criminal insiders is $4.08 million.

 

Insider Threat #2: The Negligent Insider

 

A negligent insider is a regular employee who falls prey to a cyberattack. A hacker then exploits their mistake to compromise your business’ sensitive data.

 

While these employees didn’t intentionally put your cybersecurity at risk, they are considered negligent because they either ignored security policies or weren’t vigilant enough to identify and protect themselves from cyberattacks.

 

As the more common type of insider threat, the report mentioned above found that 63 percent of insider security incidents in 2020 were caused by the negligent insider.

 

The annual cost to companies? A whopping $4.58 million.

 

Is your business at risk of either of these common insider threats?

 

Insider Threats And Your Business: Are You At Risk?

 

Imagine your business suffers a data breach due to one of these insider threats and then gets flagged by a regulator for not taking appropriate measures to avoid such a breach.

 

Not only is your sensitive data compromised, but you’re also facing hefty fines. This could pause your business operations for months, or worse, put you out of business for good.

 

Do you want to ensure this doesn’t happen to you?

 

Partner With Miami IT Experts To Keep Insider Threats Under Check

 

It’s time to make your data protection a priority, especially since cyberthreats have recorded an unprecedented surge during the ‘new normal.’

 

Don’t let an internal data breach harm your business.

 

Allow the cybersecurity experts at Third Power IT to help you monitor all cyber threats – both internal and external – so that you can keep running your business as usual.

 

Visit www.ThirdPowerIT.com to get started now.

 

The post Discover The Top Two Insider Threats To Your Business appeared first on Third Power IT – Managed IT Services.

Courtesy of Miami IHIPAA Compliance IT Company - ThirdPowerIT.com

02.11.21
by

Top Warning Signs & How to Prevent an Internal Data Breach

Is your business one misstep away from a cyber-attack due to an insider threat?

 

If you’ve been following our blog, then you already know what insider threats are and how they affect your business.

 

As a reminder, insider threats are security risks that originate from within an organization. Essentially, an insider threat involves someone who is a part of your business network or has access to it.

 

An insider threat can present itself in two different ways:

  1. A malicious insider — someone who intentionally steals or compromises your data
  2. A negligent insider — someone who unknowingly puts your network at risk

 

So, how can you identify insider threats before they become a bigger problem?

 

Although accurately identifying insider threats can be tricky, there are some early warning signs you can watch out for to prevent a cyber-attack.

 

Keep a keen eye out for these signs so you can recognize unusual patterns early on.

 

First let’s look at the main types of warning signs and what you should look out for.

 

There are two main types of warning signs:

  1. Behavioral
  2. Digital

 

First, we’ll look at behavioral warning signs of an insider threat.

 

Behavioral Warning Signs of An Insider Threat

 

An employee or a stakeholder could be a potential insider threat if he/she exhibits any of the following behavioral patterns.

 

  • Attempting to bypass security controls and safeguards
  • Frequently and unnecessarily spending time in the office during off-hours
  • Displaying disgruntled behavior against co-workers and the company
  • Violating corporate policies deliberately
  • Discussing new opportunities and/or the possibility of resigning

 

Now let’s take a closer look at the digital warning signs of an insider threat.

 

Digital Warning Signs of An Insider Threat

 

Some of the digital actions mentioned below are telltale signs of an insider threat.

 

  • Accessing or downloading substantial amounts of data
  • Attempting to access data and/or resources unrelated to his/her job function
  • Using unauthorized devices to access, manage or store data
  • Browsing for sensitive data unnecessarily
  • Copying data from sensitive folders
  • Sharing sensitive data outside the business
  • Behaving differently from their usual behavior profile

 

If you notice any behavioral or digital warning signs, don’t ignore them. You might be at risk of an internal data breach.

 

How to Prevent an Internal Data Breach

 

While some cyber attacks are inevitable, the government expects you to do everything in your power to prevent them. If not, you will face regulatory action.

 

In the event of a data breach, you will be audited for compliance. At this time, you will need to present documented evidence of the preventive and corrective measures you took to protect your business’s sensitive data from insider threats.

 

Here’s what you can do to protect your data now and steer clear of potential penalties in the future:

 

  • Identify, document, and o troll access to your sensitive data
  • Define data privileges for employees and stakeholders based on their needs
  • Build suitable infrastructure that monitors abnormal behavior and raises timely alerts
  • Add insider threat parameters to your regular risk assessment
  • Introduce a robust security awareness training program for all stakeholders
  • Devise a strategy to investigate a breach caused due to insider threats

 

If you take these steps, they will go a long way towards significantly securing your business from insider threats. Plus, they will show regulators that you are committed to ensuring data protection.

 

Make Data Protection a Priority Now

 

Cyber threats are at an all-time high, and you simply cannot ignore the risks.

 

Make data protection a priority and rest knowing your network is secure. Every minute you wait is another minute you risk a cyber attack. Don’t wait to set up your cybersecurity strategy.

 

Connect with the cybersecurity consultants at Third Power IT to safeguard your network now. Visit www.ThirdPowerIT.com to get started.

 

The post Top Warning Signs & How to Prevent an Internal Data Breach appeared first on Third Power IT – Managed IT Services.

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