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In the world of business, your data holds the key to understanding customers, market trends and internal operations. Making the most of this information is crucial for improving customer experience, driving innovation and enhancing overall productivity.

You can unlock the full potential of your digital data with efficient data management and data governance.

Data management is all about organizing, securing and retrieving information in a way that makes sense. Well-managed data streamlines processes, encourages collaboration and provides you with reliable business insights, giving your business a real edge.

It’s crucial to know the difference between data management and data governance to get the most out of your data. Although the terms are sometimes used interchangeably, understanding the difference is essential for navigating the complexities of the data-driven era.

Along with this, data loss disasters come in many forms. Ranging from full-scale natural calamities to cyberattacks and even simple human errors. Apart from financial and reputational damage, failing to protect valuable data can also result in expensive lawsuits.

That’s why businesses, regardless of size, must have a backup and disaster recovery (BCDR) plan. By implementing a foolproof BCDR, you can quickly get your business back up and running should disaster strike. 

 

Demystifying Data Governance

Data governance is about setting rules for managing your data. It addresses data ownership, usage and quality while ensuring privacy and security standards are met. The goal is simple: to make sure your data is accurate, consistent, and secure by following the rules set by regulators and your own policies.

Compared to data management, which deals with the technical side of things, data governance focuses on using data responsibly and ethically, aligning with your organization’s goals.

It is essential to have a clear understanding of data governance in order to establish a robust foundation for data management.

 

Navigating The Importance of Data Governance

Inconsistent data can lead to bad decisions. Poor data governance can even get you in trouble with regulators. On the flip side, good data governance can help you make better decisions, innovate and increase profits. It’s all about making sure your data is accurate and reliable for making smart choices.

 

Mastering Data Governance Best Practices

Follow these simple practices for effective data governance:

 

Start Small

Begin with a manageable workload, ensuring a smooth transition as you gradually scale your efforts.

 

Build a Dedicated Team

Form a committed team equipped with the necessary skills and resources dedicated to your data governance program.

 

Set Clear Goals

Define transparent objectives for your data governance, communicating them clearly with your team and stakeholders.

 

Make Way for Open Communication

Foster stakeholder transparency by openly communicating with external partners, building trust and ensuring alignment.

 

Embed Data Governance in Every Department

Integrate data governance into every department, creating a collaborative and cohesive approach to data management.

 

Identify and Mitigate Risks

Recognize and address risks at key points in your data governance program, mitigating potential threats to its success.

 

Evaluate Projects

Assess your projects upon completion, identifying areas for improvement and learning from both successes and failures.

 

Consistent Refinement

Continuously refine your governance framework to keep it up to date and aligned with your organization’s evolving needs.

 

Take Action Now

Data can be tricky, taking time and knowhow. As your trusted IT partner, we get the ins and outs of data management. Let us guide you to make the most of your data, helping you make informed decisions that drive growth.

Reach out today at 716-373-4467 option 6, or info@databranch.com to get started.

In today’s business landscape, data isn’t just power — it’s the very lifeline that fuels business decisions, drives innovations and shapes strategies. However, businesses often find it difficult to effectively manage the vast amounts of data they hold, and that’s where data management comes into play.

Simply put, data management is all about collecting, storing and analyzing data in the most efficient way possible to help businesses like yours make informed decisions, optimize operations and ensure cybersecurity.

In this blog, we’ll look at the consequences of improper data management and discuss how businesses like yours can effectively deal with these challenges.

 

Potential Consequences of Improper Data Management

Failure to manage your data effectively can lead to the following consequences, including missed opportunities, inefficiencies and even business-ending events.

 

Poor Decision-Making

Imagine navigating the roads using a faulty map. You’re bound to end up in the wrong place. Without accurate data, you will be charting a flawed business trajectory toward wasted resources, missed market opportunities, and ultimately, strategic missteps that hurt your business.

 

Reduced Efficiency

If your employees are working in siloed systems, drowning in a sea of duplicate data and wasting precious man-hours sorting the mess, you won’t have time for productive work. Ineffective management erodes productivity and keeps your business from growing.

 

Increased Risk

A leaky boat is bound to sink. Poor data management can sink your business by exposing you to security risks and even data breaches that could result in non-compliance with regulations, leading to legal issues and fines.

Implementing a well-thought-out cyber risk management strategy can significantly reduce overall risks and strengthen your cyber defenses. Visit us here to learn more.

Decreased Customer Trust

Mishandling of customer data is like breaking a sacred covenant. It fractures your reputation and erodes trust, leading to client disengagement and a tarnished brand image that could be difficult to rebuild.

 

Competitive Disadvantage

Think of a large, inaccessible gold mine. Now, imagine all that untapped precious metal. That’s exactly what businesses that lack data management strategies resemble. If you fail to leverage data, you are bound to lose ground to businesses that use analytics and AI to unlock groundbreaking insights and fuel future success.

 

Increased Costs

Poor data management slowly eats away at your revenue and bloats your expenses. You end up incurring expenses on storing duplicate or irrelevant data that do not contribute to your business growth.

Data security incidents can also bring business to a grinding halt, costing a business thousands. Do you know what the cost of downtime is for your business? Visit our Recovery Time Calculator if not.

 

How We Can Help with Data Management

The good news is that you can partner with trusted guides who are equipped with the expertise and resources to transform your hidden data liabilities into revenue-churning assets.

Here’s how an IT service provider can put you on the road to success:

 

1. Never Worry About Data Loss

Adopting a comprehensive backup and business continuity and disaster recovery (BCDR) strategy is a necessary addition to every data management plan.

Databranch offers our BCDR solution from Datto, the leader in Total Data Protection. Not only will the Datto backup all your data to the device itself, but it will also backup everything to 2 separate offsite cloud storage locations.

So, in the event that the local device is destroyed, you can still access your information even from a remote location. 

With Datto you will receive daily backup verifications and screen shots of your virtual servers give you peace of mind and ensure that your backup data is working and accessible to you when you need it.

 

2. Get Advanced Protection

Databranch is here to keep your business safe from cyberthreats that are lurking in the dark. We allow you to focus on your business by knowing that your assets are being protected with advanced security measures that can repel sophisticated attacks.

Our managed client platform provides a comprehensive suite of security tools that safeguard your network and bolster your cyber defenses. Reach out to our team today to learn more.

 

3. You Have Access to Top IT Experts

Imagine having a team of IT experts working for you without breaking the bank. Data problems can bring your business to a halt, but with the help of Databranch, you can easily manage or resolve any data-related issues anytime, anywhere.

 

4. Always Stay Compliant

Data compliance regulations related to privacy and security are always evolving. It can be tough to keep up with rules and regulations while managing the day-to-day activities of your business. However, Databranch provide some guidance which will help you stay ahead of the curve and ensure you meet the stipulated regulations.

 

5. Tailored Strategies that Lead to Success

Tailor made data management strategies will help meet your business goals and allow you to transform your data into a strategic asset. 

 

Secure Your Future

Your data is your gold mine with precious untapped potential. However, navigating the tricky data management terrain on your own can be challenging — and that’s where Databranch comes in. Consider partnering with us so we can help you unlock the power of data for your business. 

Reach out to Databranch today at 716-373-4467 option 6, or info@databranch.com to schedule a meeting with one of our experienced team members.

You can also download our eBook today to start the process of turning your data into a powerful engine for success.

Defeating the Data Deluge eBook

Explore the intricacies of data management, understand how businesses like yours can overcome data-related challenges and turn the data deluge into a stream of growth opportunities.

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Your network is your business’s lifeline.

A healthy and secure network is critical for seamless communication and operational efficiency. That’s why it’s crucial to proactively identify issues and optimize performance through continuous network security monitoring.

However, as you keep a close watch, you’ll discover many issues lurking beneath the surface. In this blog, we’ll take a look at these hidden challenges and how to tackle them to ensure robust network security.

 

Hidden Challenges of Network Monitoring

Here are some of the challenges that hide in plain sight and impact your business more than you realize:

 

Data Overload

There are various devices and systems connected to a network, and at times they can generate an overwhelming volume of information, slowing down the monitoring process.

The sheer abundance of information makes it challenging to manage, analyze or derive any meaningful insights from the data. In such a situation, you can easily miss out on critical issues that can adversely affect your business.

 

Complexity

Modern networks are complex. Every device, application or system within the network is diverse. Without sophisticated tools and specialized expertise, it would be like solving a puzzle blindfolded.

The best way to deal with this challenge would be to reach out to Databranch who can efficiently streamline the entire monitoring process.

 

Integrations with Legacy Systems

Integrating older legacy systems seamlessly into modern monitoring frameworks can be tough. Failing to properly integrate older tools with current technology can leave visibility gaps and affect the overall performance.

That’s why it’s mission-critical for your business to implement monitoring solutions that not only keep pace with evolving technologies but also seamlessly integrate with older systems as well.

 

Costs

To ensure your network monitoring tools offer peak performance, you must keep up with the latest tech. However, monitoring tools are expensive, and businesses with budget constraints might find themselves vulnerable to the latest cyberthreats.

That’s why Databranch offers a suite of cost-effective managed services that proactively monitor and support your network and technology infrastructure.

 

Scalability

As your business grows, so do the number of devices connected to your network and the volume of data as well. However, if your monitoring tools can’t scale to meet the need, it will adversely affect its ability to provide accurate and timely insights.

To overcome scalability issues, you must invest in monitoring solutions that can expand and keep up with your growing needs.

 

Privacy Concerns

As part of the network monitoring framework, the tools and solutions may record and analyze sensitive data, raising compliance concerns and privacy challenges. The problems related to privacy arise when the network monitoring practices don’t meet compliance standards, leading to legal repercussions and penalties.

That’s why it is a good practice to implement robust security measures, adopt encryption technologies and adhere to relevant privacy regulations. The NIST Cybersecurity Framework is a popular, user-friendly framework that empowers business leaders like you to boost organizational cybersecurity.

Businesses with solid cyber risk management strategies can build formidable cyber defenses, minimize risks, and reduce compliance and privacy concerns.

 

Skill Gaps

To efficiently monitor your network, you need professionals with expertise in network monitoring. However, it can be challenging to hire employees who can achieve results without compromising your business needs.

Databranch provides a 24 x 7 proactive monitoring and alerting service which allows you to take this off your plate and focus on your business needs.

 

Dynamic Environments

A network is like a thriving ecosystem that is constantly evolving, and your network monitoring efforts must stay up to date if you want to stay ahead of potential issues.

To address the challenge of dynamic environments, you must embrace agile monitoring solutions, leverage automation for quicker adjustments and adopt continuous improvement practices.

 

Achieve Sustained Growth

Overcoming your network challenges while ensuring your business runs smoothly can be tough, especially if you have to do it all on your own. Reach out to Databranch today at 716-373-4467 option6, or info@databranch.com if your business needs help. Not only can we secure and optimize your network, but also help your business achieve sustained growth.

Ready to transform your network challenges into opportunities? Download our checklist today to see where you network may need our expertise!

 

Network Wellness Check

Unhealthy networks can expose your business to security breaches and cyberthreats, affecting productivity, customer satisfaction, and competitiveness.

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Businesses today face a range of cybersecurity threats, from social engineering attacks like phishing, to sophisticated ransomware. For business leaders like you, protecting your network is crucial since it is the lifeline of your business.

Any vulnerability in your network can compromise your sensitive data, operational integrity, and stakeholder trust. That’s why you must understand and address these threats through proactive measures, such as routine security scans and network testing.

In this blog, we’ll discuss the role of a robust network and demystify network testing intricacies.

 

Benefits of Routine Security Tests

A security test typically assesses the effectiveness of an organization’s security measures and protocols. Here are some of its benefits:

 

Identifies Vulnerabilities:

Through regular security scans, you can easily identify weaknesses in your system and proactively address potential threats before they can be exploited by cybercriminals.

It is important to conduct vulnerability assessments regularly, at least every quarter if not more frequently. This is due to the dynamic nature of information technology. Many changes occur on a day-to-day basis that can introduce new exposures associated with information security.

Security shortcomings found during a vulnerability assessment can almost always be fixed. Many times, the fixes are very easy to accomplish. 

 

Assesses Security Measures:

Regular security tests allow you to establish continuous monitoring of security protocols. This helps you gauge the effectiveness of your security measures and make necessary changes when needed.

Here at Databranch, our Managed Service plans offer proactive monitoring tools that helps us detect threats before they can impact your network. They also provide increased protection from malware, ransomware, and phishing compromises.

All Databranch Comprehensive Care and Foundation Security clients also have scheduled automatic patching and Windows updates on their devices. 

 

Ensures Compliance:

Security tests help align your security practices with industry standards and reduce the risk of your business running into any compliance issues.

 

Prevents Data Breaches:

Through routine security scans, you can easily identify and address vulnerabilities and fortify your organization against unauthorized access and potential data breaches.

 

Optimizes Incident Response:

Regular testing helps you refine and improve your incident response plan and ensures your security preparedness plan is effective and up to date. Simply put, being able to restore and recover important business data after a disaster is no longer enough.

Intelligent Business Continuity is Databranch’s answer to not only ensuring that your data is restored to its former state, but restored quickly, with little to no downtime or interruption to your business.

 

Strengthens Resilience:

Regular security testing helps you build a solid security posture, enhancing your organization’s ability to endure and recover from cyberattacks.

 

Helps Avoid Financial Losses:

By taking proactive measures to identify and address security risks, you can prevent potential financial losses associated with data breaches, legal implications and operational disruptions. Visit our website here to learn just how costly it could be if your business were to experience a disruption.

 

Fosters Continuous Improvement:

Regular testing fosters a culture of continuous improvement, allowing you to adapt and evolve your security strategies based on emerging threats and industry best practices.           

 

Essential Security Testing Methods

By leveraging security testing methods, you can assess the effectiveness of your organization’s security measures. Here are two of the most efficient methods that can help you build a robust cybersecurity landscape for your business:

 

Penetration Testing:

Also known as pen testing, this involves simulating real-world cyberattacks on an organization’s network. The simulations provide valuable insights that help organizations identify and address security gaps before they can be exploited by cybercriminals.

 

Vulnerability Assessments:

This method involves using automated tools to scan networks, systems and applications for known vulnerabilities, misconfigurations or weaknesses. It helps organizations build a robust cybersecurity posture by proactively prioritizing and addressing potential threats before they can do any harm.

 

Boost Security Effortlessly

When it comes to the security of your network, you can’t take any chances. That’s why you should partner with Databranch and let the experts handle the heavy lifting. We can efficiently manage security testing for you and ensure your digital defenses stay protected. Contact us at 716-373-4467 option 6, or info@databranch.com for a no-obligation consultation and take the first step towards a more secure future.

Download our infographic today for a condensed roadmap on how routine security scans can optimize your network! 

 

The Business Advantages of an Optimized Network

Download our infographic to see how optimizing your network can benefit your business!

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In the current digital environment, where cyberthreats are commonplace, it makes perfect sense to have cyber liability insurance. However, just having a policy in place doesn’t guarantee a smooth claims process.

Cyber insurance policies come with varying terms and coverage, requiring meticulous examination of inclusions and exclusions and deciphering technical jargon. Having a thorough understanding of your policy sets realistic expectations and prepares you to handle potential cyber incidents with confidence.

This blog aims to help you get the most out of your cyber liability insurance. Keep reading to learn more.

 

Mastering Your Cyber Insurance Claims

Here are some key steps to optimize your coverage:

 

Thorough Policy Understanding

Delve into the nuances of your policy. Scrutinize terms, conditions and coverage limits. Identifying inclusions and exclusions aligns your expectations effectively, empowering you to grasp the extent of protection offered.

 

Precision in Application

Accuracy is paramount when applying for cyber insurance. Detailed and precise information regarding your organization’s cybersecurity measures, risk management practices and past incidents or breaches aids insurers in evaluating your risk profile accurately.

 

Documentation of Security Measures

Maintaining comprehensive records of cybersecurity measures, policies, procedures and incident responses becomes crucial evidence during the claims process. These records showcase proactive steps taken to mitigate cyber-risks.

 

Timely Incident Reporting

Immediate reporting of cyber incidents or potential claims to your insurer as per policy requirements is essential. Swift notification initiates the claims early, allowing for a prompt investigation — a critical aspect of a successful claims process.

 

Detailed Loss Documentation

Comprehensive documentation and quantification of financial losses incurred due to cyber incidents are vital. Including costs related to business interruption, data restoration, legal fees and other expenses supports your claim’s accuracy.

 

Cooperation with the Insurer’s Investigations

Full cooperation with the insurer’s investigation, providing requested information, interviews and access to systems and records, is imperative. Failure to cooperate might lead to claim delays or denials.

 

Regular Policy Review

Consistent review of your cyber insurance policy is crucial. Align it with evolving business needs and changing cyber risk landscapes. This step allows necessary adjustments to coverage, endorsements or additional coverages matching your risk profile.

 

Enhancing Cybersecurity Practices

Continuously improve cybersecurity measures based on industry standards. Regular assessments to identify and mitigate vulnerabilities showcase a proactive approach, potentially influencing positive claim outcomes.

Databranch stresses the importance of conducting vulnerability assessments regularly, at least every quarter if not more frequently. This is due to the dynamic nature of information technology. Many changes occur on a day-to-day basis that can introduce new exposures associated with information security.

Security shortcomings found during a vulnerability assessment can almost always be fixed. Many times, the fixes are very easy to accomplish. 

 

Expert Consultation

Seeking guidance from insurance professionals, legal counsel and specialized IT service providers offers invaluable insights. Their advice aids in optimizing coverage and effectively navigating the claims process.

Databranch can help your business implement many of the pre-requisites for a cyber insurance policy, such as performing vulnerability assessments, enabling MFA, restricting administrative privileges, and even installing a data backup and recovery solution.

 

Ensuring a Successful Payout

While obtaining cyber insurance is vital, maneuvering the claims process for a successful payout is equally essential. Our seasoned experts specialize in cyber insurance claims and understand policy nuances and claim procedures.

With extensive experience, we’ve successfully guided numerous businesses through complexities, offering tailored strategies to enhance claim success. Reach out to Databranch today at 716-373-4467 option 6, or info@databranch.com to schedule a no-obligation consultation to optimize your cyber insurance coverage and fortify your business against cyber incidents effectively.

Download our infographic today for more information on cyber insurance claims and why yours may be denied.

 

Top 5 Reasons A Cyber Insurance Claim Gets Denied

In this era of skyrocketing cyberattacks, cyber liability insurance is crucial for businesses dealing with sensitive data.

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Is your business prepared to confront today’s growing cybersecurity threats?

Although adopting the latest technologies and industry trends is undoubtedly crucial, it is equally important to ensure that your business has the best cyber liability insurance. Think of it as an invisible shield protecting your business from devastating losses. However, to harness its full potential and ensure robust protection, it is critical to have a nuanced understanding of it.

In this blog, we’ll delve into the key considerations when shopping for cyber liability insurance. But before we do that, let’s first understand the difference between first-party coverage and third-party coverage.

 

First-Party Coverage vs. Third-Party Coverage

Every business today needs cyber liability insurance. To help businesses quickly respond and recover from data breaches, insurance providers have developed two types of cyber liability insurance – first-party coverage and third-party coverage.

Here’s how they differ:

 

1. Focus of Coverage

First-party coverage:

  • Shields the insured business
  • Protects against direct losses and expenses resulting from a data breach

Third-party coverage:

  • Focuses on liabilities from third parties
  • Covers claims made by third parties who suffered losses because of the insured business’s cyber incident

 

2. Costs Covered

 

First-party coverage:

  • Covers only the insured’s direct costs
  • Pays for revenue loss, forensic investigations, data restoration, public relations and customer notification services

Third-party coverage:

  • Pays for businesses’ legal expenses
  • Covers cyber-related liabilities, such as data breaches, privacy violations and defamation

 

3. Reputation Management

 

First-party coverage:

  • Pays for expenses related to hiring public relations firms
  • Aims to restore the brand image of a business after a cyber incident

Third-party coverage:

  • Primarily focused on handling the legal aspects
  • More concerned with defending against claims and settling third-party disputes

 

4. Beneficiaries of Coverage

 

First-party coverage:

  • Directly benefits the insurer
  • Provides direct protection to the insured party against direct losses

Third-party coverage:

  • Benefits third parties, such as a business’s customers, clients and business partners
  • Provides direct protection to those affected by a data breach suffered by the insured business

 

Key Things to Consider While Shopping for a Policy

 

Here are some key points to consider when shopping for a cyber liability insurance policy:

 

Coverage

Comprehensive coverage is key to reducing the impact of a cyber incident. Your business can become the victim of a data breach or a large-scale cyberattack at any time. That’s why it’s crucial to ensure that the policy addresses cyber-risks specific to your business.

 

Limits

Evaluate the policy to understand the coverage limits. The policy that you finalize should be able to handle the potential costs associated with a cyberattack, including legal fees, data recovery and business interruption expenses.

 

Exclusions

Study the policy outlines to understand what is excluded. Any limitations in your policy can make your business vulnerable. That’s why it’s crucial to know what is not covered by your insurance.

 

Incident Response

Make sure that the policy has provisions for developing and implementing a cyber incident response plan tailored to suit your business. Without a well-defined response plan, you won’t be able to effectively respond to a cyber incident.

Here at Databranch, our managed clients receive expert guidance if a cyber incident were to occur at their business. This includes device isolation through our software tool stack, immediate assistance from an engineer, and guidance if you have questions while submitting your insurance claim.

 

Price

Before finalizing a policy, compare and cross-check various policies, especially their costs and unique offerings. Although opting for the most affordable option can be tempting, it is crucial to ensure that the coverage you choose is best suited for your business needs.

 

Reputation

It is also important to do your due diligence and research the insurance company’s reputation. Look for an insurer with a good reputation and positive customer feedback. Choose a company that settles claims promptly, as that is a reliable indicator of the level of support you can expect when you need it.

 

Build a Resilient Future

Finding the right cyber liability insurance coverage for your business can be daunting. However, it can be even more challenging to get a payout when you need it the most. That’s where Databranch comes in.

We can help you improve your chances of securing coverage. Reach out to Databranch today at 716-373-4467 option 6, or info@databranch.com, and let’s build a resilient future together. You can also download our checklist below which summarizes these essential steps when buying cyber insurance. 

The Essential Cyber Insurance Buyers Checklist

Finding the right cyber liability insurance can be daunting. To facilitate your buying journey, we’ve simplified the complexities with this checklist.

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Keeping sensitive data and critical tech safe from cyberattacks is crucial for businesses like yours. Your survival and growth depend on how well your organization can withstand cyberthreats. That’s where cyber risk management comes into play.

Businesses with solid cyber risk management strategies can build formidable cyber defenses and reduce risks without compromising business growth. Besides enhancing security, it also ensures your business stays compliant.

In this blog, we’ll share the core principles of cyber risk management and show you how integrating it with a simple but effective security framework can help you achieve strategic success.  

 

Key Characteristics of Risk-Based Cybersecurity

Risk-based cybersecurity helps organizations focus their efforts and resources on the most critical risks. This approach aims to reduce vulnerabilities, safeguard what matters most to you and ensure you make informed decisions.

Here are the key characteristics of risk-based cybersecurity:

Risk reduction: By proactively identifying and neutralizing threats, you can reduce and minimize the potential impact of a cyber incident.

Prioritized investment: By identifying and assessing risks, you can concentrate your investment efforts on areas that need your attention most.

Addressing critical risks: Dealing with the most severe vulnerabilities first can help you strengthen your business security. That is why it is important to conduct vulnerability assessments regularly, at least every quarter if not more frequently. 

All Databranch Comprehensive Care and Foundation Security clients have scheduled automatic patching and Windows updates on their devices to assist with vulnerability management. Visit us here to learn how we can help take this off your IT plate.

 

Cyber Risk Management Frameworks

Cybersecurity risk frameworks act as a guide that helps businesses achieve the full potential of a risk-based approach. Here are several ways frameworks can help you enhance your current cybersecurity posture:

  • Takes away the guesswork and give businesses a structured way to assess their current cybersecurity posture.
  • Helps organizations systematically focus their investments on addressing the most critical and relevant risks.
  • Provides organizations with the right guidance that helps build security, which is crucial for building customer trust.
  • Are built using controls that have been tried and tested. They essentially help businesses implement effective security controls.
  • Designed to help organizations achieve compliance with government and industry regulations.

 

NIST Cybersecurity Framework

The National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) is a popular, user-friendly framework that empowers business leaders like you to boost organizational cybersecurity. Think of it as a valuable tool created by top security experts to help you protect and secure your digital assets.

Here’s how the NIST CSF supports a risk-based approach:

  • It helps you understand your risk by identifying what is most valuable to you.
  • It gives you a high view of people, processes, technology, information and other business-critical aspects that need to be secured from threats so your business can operate successfully.
  • It helps you prioritize your risks based on their impact on your business.
  • It helps you allocate your resources where they matter most and ensures you maximize your investment.
  • It promotes continuous monitoring and helps you adapt to evolving threats.

 

Secure your Future

Safeguarding your business from cyberthreats is critical for the survival and growth of your business. Don’t leave your business security to chance. Partnering with Databranch as your managed IT provider, means your business will have the security of knowing that your network is being monitored and maintained on a 24/7 basis.

Download our infographic, “Assess Your Cyber-Risks in 7 Critical Steps,” and strengthen your defenses against lurking cyber dangers.

 

Assess Your Cyber-Risk in 7 Critical Steps

In today’s ever-evolving threat landscape, fortifying your business against cyber-risks is paramount.

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In today’s rapidly evolving digital landscape, where cyberthreats and vulnerabilities continually emerge, it’s obvious that eliminating all risk is impossible. Yet, there’s a powerful strategy that can help address your organization’s most critical security gaps, threats and vulnerabilities — comprehensive cyber risk management.

Implementing a well-thought-out cyber risk management strategy can significantly reduce overall risks and strengthen your cyber defenses. To understand the profound impact of this approach, continue reading as we delve into the nuances that make it a game changer in digital security.

 

Cyber Risk Management vs. Traditional Approaches

Cyber risk management diverges significantly from traditional approaches, differing in the following key aspects:

 

Comprehensive Approach

Cyber risk management isn’t just an additional layer of security. It’s a comprehensive approach that integrates risk identification, assessment and mitigation into your decision-making process. This ensures there are no gaps that could later jeopardize your operations.

 

Beyond Technical Controls

Unlike traditional approaches that often focus solely on technical controls and defenses, cyber risk management takes a broader perspective. It considers various organizational factors, including the cybersecurity culture, business processes and data management practices, ensuring a more encompassing and adaptive security strategy.

 

Risk-Based Decision-Making

In traditional cybersecurity, technical measures are frequently deployed without clear links to specific risks. Cyber risk management, however, adopts a risk-based approach. It involves Threat Modeling, which is a deep analysis of potential threats, their impact, and likelihood.

Threat modeling helps businesses prioritize their risk management and mitigation strategies. The goal is to mitigate the risk of falling victim to a costly cyber incident

 

Alignment with Business Objectives

A distinctive feature of cyber risk management is its alignment with your overarching business objectives. It ensures that your cybersecurity strategy takes into account your mission, goals and critical assets, thereby making it more relevant to your organization’s success.

 

Holistic View of Security

Cyber risk management recognizes the significance of people, processes and technology, embracing a holistic view of security. It acknowledges that a robust security strategy is not solely dependent on technology but also on the people implementing it and the processes that guide its deployment.

This is why Employee Security Awareness training can make such an impact on your businesses cybersecurity posture.  You and your colleagues are your company’s greatest risk, but also your greatest asset. Visit us here to learn more about our advanced cybersecurity training program.

 

Resource Allocation

By prioritizing risks based on their potential impact and likelihood, cyber risk management allows you to allocate resources more effectively. This means that your organization can focus on the areas of cybersecurity that matter the most, optimizing resource utilization.

 

The Role of Risk Tolerance in Cyber Risk Management

Risk tolerance is a pivotal aspect of enterprise risk management (ERM). It serves as a guiding principle, shaping your organization’s risk-taking behavior, influencing decision-making and providing a framework for achieving objectives while maintaining an acceptable level of risk.

Key components of risk tolerance are:

 

Willingness to Take Risks

Risk tolerance in cyber risk management is about your organization’s readiness to embrace calculated risks by acknowledging that not all risks can be eliminated. It shapes your organization’s ability to innovate and seize opportunities while maintaining an acceptable level of security risk.

 

The Capacity to Absorb Losses

This component of risk tolerance assesses your organization’s financial resilience. It’s about having a financial buffer to absorb losses without jeopardizing your core operations, ensuring that you can recover from security incidents without severe disruption.

 

Consideration of Strategic Objectives and Long-Term Goals

Risk tolerance should be in harmony with your strategic objectives and long-term goals. It ensures that your risk-taking behavior is aligned with your organization’s broader mission, avoiding actions that could undermine your strategic direction.

Visit us here to learn more about how to conduct a Technology Infrastructure Review and how to incorporate the results into your IT objectives roadmap.

 

Compliance and Regulatory Considerations

Meeting compliance and regulatory requirements is an essential aspect of risk tolerance. It means understanding the legal and regulatory landscape and ensuring that your risk management strategy adheres to these standards, reducing the risk of legal consequences.

 

Meeting the Expectations of Customers and Stakeholders

A critical part of risk tolerance is understanding and meeting the expectations of your customers and stakeholders. It involves maintaining the trust and confidence of these groups by demonstrating that you prioritize their interests and data security in your risk management approach.

 

Collaborative Path to Success

Now that you understand how cyber risk management empowers organizations like yours to strengthen your defenses, it’s time to take action. Download our comprehensive checklist to navigate the four essential stages of cyber risk management. This resource will guide you in implementing a tailored strategy that meets your unique needs.

Don’t wait for the next cyberthreat to strike. Reach out to Databranch today at 716-373-4467 option 6, or info@databranch.com to start the process of making your organization more secure. Together, we’ll enhance your digital defenses, secure your organization’s future and prioritize your security.

 

The 4 Stages of Cyber Risk Management

A comprehensive cyber risk management strategy can help address your organizations security gap and reduce your overall risk.

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Cybersecurity is an essential aspect of any business or organization. As technology evolves, so do the threats that can harm an organization’s operations, data and reputation. One of the most effective ways to defend against these threats is through the Defense in Depth (DiD) approach.

DiD is a cybersecurity approach in which multiple defensive methods are layered to protect a business. Since no individual security measure is guaranteed to endure every attack, combining several layers of security is more effective.

This layering approach was first conceived by the National Security Agency (NSA) and is inspired by a military tactic with the same name. In the military, layers of defense help buy time.

However, in IT, this approach is intended to prevent an incident altogether.

 

Essential Elements of DiD

Implementing all the elements of an effective DiD strategy can help minimize the chances of threats seeping through the cracks. These elements include:

1. Firewalls

A firewall is a security system comprised of hardware or software that can protect your network by filtering out unnecessary traffic and blocking unauthorized access to your data.

 

2. Intrusion Prevention and Detection Systems 

Intrusion prevention and detection systems scan the network to look for anything out of place. If a threatening activity is detected, it will alert the stakeholders and block attacks.

 

3. Endpoint Detection and Response (EDR) 

Endpoint detection and response (EDR) solutions constantly monitor endpoints to find suspicious or malicious behavior in real time.

Databranch is excited to announce a new detection software that we have begun implementing for our clients. The Huntress Managed Detection and Response (MDR) for Microsoft 365 secures your users with 24/7 protection.

Huntress MDR can detect and respond to early signs of cyberattacks such as unauthorized access, email manipulation, and suspicious login locations.

The software then utilizes Huntress’s 24/7 Security Operations Center (SOC) which is comprised of experts who analyze and interpret the threats. An actual Huntress employee will review these detections, provide incident reports, and will deliver actionable remediations for recovery.

 

4. Network Segmentation 

Once you divide your business’s network into smaller units, you can monitor data traffic between segments and safeguard them from one another.

 

5. The Principle of Least Privilege (PoLP)

The principle of least privilege (PoLP) is a cybersecurity concept in which a user is only granted the minimum levels of access/permissions essential to perform their task.

Visit us here to learn more about the risks associated with Local Administrative Privileges.

 

6. Strong Passwords 

Poor password hygiene, including default passwords like “1234” or “admin,” can put your business at risk. Equally risky is the habit of using the same passwords for multiple accounts.

To protect your accounts from being hacked, it’s essential to have strong passwords and an added layer of protection by using practices such as Multi-Factor Authentication (MFA).

 

7. Patch Management 

Security gaps left unattended due to poor patch management can make your business vulnerable to cyberattacks. When a new patch is delivered, deploy it immediately to prevent exploitation.

Databranch offers a Patch Management solution for our managed client’s that automates and manages service packs, hot-fixes, and patches from a single location. 

 

How IT service providers help defend against threats

As a Databranch client, our experienced team members will help you divide DiD into three security control areas:

 

1. Administrative controls

The policies and procedures of a business fall under administrative controls. These controls ensure that appropriate guidance is available and security policies are followed.

Examples include hiring practices or employee onboarding protocols, data processing and management procedures, information security policies, vendor risk management and third-party risk management frameworks, information risk management strategies, and more.

 

3. Technical controls

Hardware or software intended to protect systems and resources fall under technical controls.

They include firewalls, configuration management, disk/data encryption, identity authentication (IAM), vulnerability scanners, patch management, virtual private networks (VPNs), intrusion detection systems (IDS), security awareness training and more.

 

4. Physical controls

Anything that physically limits or prevents IT system access falls under physical controls, such as fences, keycards/badges, CCTV systems, locker rooms and more.

Don’t worry if you are struggling with developing a DiD strategy for your organization. Databranch is here to make things as simple as possible. Contact us at 716-373-4467 option 6, or info@databranch.com to start the process of making your organization more secure.

Data loss disasters come in many forms, ranging from full-scale natural calamities to cyberattacks and even simple human errors. Disasters can bring businesses to a grinding halt. Apart from financial and reputational damage, failing to protect valuable data can also result in expensive lawsuits.

That’s why businesses, regardless of size, must have a backup and disaster recovery (BCDR) plan. By implementing a foolproof BCDR, you can quickly get your business back up and running should disaster strike. It will also help you comply with governmental and industry regulatory frameworks.

In this post, we’ll break down the different types of data loss disasters and outline the key BCDR components that can help you make it through a disruptive event with flying colors.

 

The Many Forms Data Loss Can Take

Let’s analyze the various types of data loss disasters that can hurt your business:

 

Natural Disasters

This covers everything from storms, hurricanes, floods, fires, tsunamis and volcano eruptions. In most cases, you can expect infrastructural damages, power failure and mechanical failures, which could then lead to data loss.

 

Hardware and Software Failure

Software and hardware disruption can cause data loss if you don’t have BCDR measures in place. These disruptions could be due to bugs, glitches, configuration errors, programmatic errors, component failures, or simply because the device is at its end of life or the software is outdated.

 

Unforeseen Circumstances

Data loss can happen due to random, unexpected scenarios. For instance, a portable hard disk held by an employee could get stolen, your server room may have a water leak because of a plumbing issue, or there could even be a pest infestation in one of your data centers.

 

Human Factor

Human errors are a leading cause of data loss incidents. These errors range from accidental file deletions, overwriting of existing files and naming convention errors to forgetting to save or back up data or spilling liquid on a storage device.

 

Cyberthreats

Your business may fall prey to malware, ransomware and virus attacks, which could leave your data and backups corrupt and irrecoverable. Additionally, data loss could be caused by malicious insiders with unauthorized access, which often goes under the radar.

Allowing your employees to have administrative privileges can leave holes in your cybersecurity, visit us here to learn more.

 

Key components of BCDR

Here are a few crucial things to keep in mind as you build a robust BCDR strategy:

 

Risk Assessment

Identify potential risks and threats that would impact business operations. Measure and quantify the risks to tackle them. 

Databranch believes that identifying the right level of security to protect your IT infrastructure begins with a comprehensive security assessment that includes vulnerability/penetration evaluation, assessment reporting and security policy creation.

You can visit our website here to request your FREE baseline security assessment.

 

Business Impact Analysis (BIA)

Assess the potential consequences of a disruptive event on critical business functions and prioritize them in the recovery plan.

 

Continuity Planning

Implement procedures to resume critical business operations during disruption, with minimal downtime. Databranch offers our BCDR solution from Datto, the leader in Total Data Protection. Not only will Datto backup all your data to the device itself, but it will also backup everything to 2 separate offsite cloud storage locations.

So, in the event that the local device is destroyed, your business can be up and running in just minutes.

 

Disaster Recovery Planning

Plan a well-defined business resumption plan to recover critical IT functions and data following a disruptive incident. With a recovery plan in place, many businesses may simply never recover.

Do you know the cost of downtime for your business? If not, visit our website here to view our Recovery Time Calculator.

 

Testing and Maintenance

Periodically test your disaster recovery and backup plans to ensure they can be recovered in a disaster. If they fail, you can work on the enhancement.

 

Wondering Where to Begin?

Developing and implementing a BCDR plan on your own can be daunting. However, we can help you build the right BCDR strategy for your business profile. 

Databranch has the knowledge and experience to take care of your backup and BCDR needs. Get in touch with us today at 716-373-4467 option 6, info@databranch.com.

You can also download our infographic below to learn more about planning for potential data loss.

How to Plan for Total Data Loss

Data loss disasters can manifest in many ways. The key is to be proactive and have a foolproof backup plan in place.

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