For businesses, Software-as-a-Service (SaaS) solutions offer unparalleled opportunities to enhance efficiency, scalability and overall operations. However, growing SaaS backup-related misconceptions also have the potential to hurt your business growth.

In this blog, we’ll shed light on some SaaS-related truths you simply cannot afford to ignore. Let’s dive in.

Don’t let these Myths put your Business at Risk

As businesses move to the cloud, here are some common misconceptions that need to be dispelled:

Myth 1: My SaaS solution is completely secure.

While leading SaaS solutions like Office 365, G Suite and Salesforce do offer top-of-the-line security along with robust recovery features, the truth is that they aren’t completely foolproof against all threats. They can’t protect your business data from malicious insiders, accidental deletions or hackers.

Solution: By regularly backing up your cloud data, you can protect it against a wide range of threats and unforeseen disasters.

Myth 2: My SaaS provider is solely responsible for my data security.

There is a widely held misconception that your SaaS provider is solely responsible for protecting your cloud data. The truth, however, is more nuanced. While a provider is expected to implement robust security to protect your data, businesses also are expected to play an active role.

Solution: Proactive steps like training your employees on data security best practices and implementing access control steps can ensure your data remains secure in the cloud.

Myth 3: My SaaS provider’s backup is all I need.

While some of the top SaaS providers offer features such as Recycle Bins and Vaults that can store accidentally deleted files, these solutions have limitations and don’t offer comprehensive backup and recovery.

Solution: Consider taking the help of Databranch. Our team of IT experts can not only help to securely back up your data but also help you enhance your cloud security.

Elevate your data security with a strategic partnership

Ready to empower your business with an advanced backup and recovery strategy? Contact Databranch today and let us help you build a comprehensive SaaS backup and recovery strategy that suits your business needs.

Let data recovery be the last of your worries! Contact us today for a free consultation and learn how our IT team can be your strategic partner. You can also download our free infographic today to learn more about the Shared Responsibility Model.

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Cybercriminals are always looking for new ways to bypass security defenses. That’s why it’s essential to think like a hacker and adopt measures to stay ahead of them. This is what Defense in Depth (DiD) is all about.

The National Institute of Standards and Technology (NIST) defines DiD as “The application of multiple countermeasures in a layered or stepwise manner to achieve security objectives. The methodology involves layering heterogeneous security technologies in the common attack vectors to ensure that attacks missed by one technology are caught by another.”

In simple terms, DiD is a cybersecurity approach in which multiple defensive methods are layered to protect a business. Since no individual security measure can guarantee protection against every attack, combining several layers of security can be more effective.

Before you start your DiD journey, it’s crucial to stay informed about the changing threat landscape.

9 Threats to Protect Your Business Against

While there are numerous threats that businesses like yours must be aware of, let’s look at some of the most common.

 1. Ransomware 

Ransomware is a type of malware that threatens to disclose sensitive data or blocks access to files/systems by encrypting it until the victim pays a ransom. Failure to pay on time can lead to data leaks or permanent data loss.

2. Phishing/Business Email Compromise (BEC) 

Phishing involves a hacker masquerading as a genuine person/organization primarily through emails or other channels like SMS. Malicious actors use phishing to deliver links or attachments that execute actions such as extracting login credentials or installing malware.

Business email compromise (BEC) is a scam that involves cybercriminals using compromised or impersonated email accounts to manipulate victims into transferring money or sharing sensitive information.

3. Cloud Jacking

Cloud jacking, or hijacking, entails exploiting cloud vulnerabilities to steal an account holder’s information and gain server access. With more and more companies adopting cloud solutions, IT leaders are worried about cloud jacking becoming a significant concern for years to come.

4. Insider Threats 

An insider threat originates from within a business. It may happen because of current or former employees, vendors or other business partners who have access to sensitive business data. Because it originates from the inside and may or may not be premeditated, an insider threat is hard to detect.

5. Denial-of-Service/Distributed Denial-of-Service (DoS and DDoS)

These attacks are common and easy to carry out. In a DoS or DDoS attack, hackers flood the targeted system with multiple data requests, causing it to slow down or crash.

6. Artificial Intelligence (AI) and Machine Learning (ML) Hacks

Artificial intelligence (AI) and machine learning (ML) are trending topics within the IT world for their path-breaking applications. However, AI and ML help hackers more efficiently develop an in-depth understanding of how businesses guard against cyberattacks.

7. Internet of Things (IoT) Risks and Targeted Attacks

IoT devices are a favorite target of cybercriminals because of the ease of data sharing without human intervention and inadequate legislation.

8. Web Application Attacks

Vulnerabilities within web applications permit hackers to gain direct access to databases to manipulate sensitive data. Business databases are regular targets because they contain sensitive data, including Personally Identifiable Information (PII) and banking details.

9. Deepfakes

A deepfake is a cyberthreat that uses artificial intelligence to manipulate or generate audio/video content that can deceive end users into believing something untrue.

Get Up and Running with DiD

To keep sophisticated cyberthreats at bay, you need a robust DiD strategy. Your strategy should involve layering multiple defensive methods, like firewalls, intrusion prevention and detection systems, endpoint detection and response (EDR) and more, to build a security fortress that’s hard to crack.

DiD is an undertaking that requires time and effort. That’s why collaborating with a partner like Databranch, who can implement and maintain your DiD strategy while you focus on your business, is ideal.

If you want to learn more about how DiD can help protect your business, download our free eBook “7 Elements of an Effective Defense in Depth (DiD) Security Strategy.”

You can also reach out to one of our experienced team members at 716-373-4467 option 6, or [email protected].

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As cyber threats continue to increase, businesses must take proactive steps. They need to protect their sensitive data and assets from cybercriminals. Threats to data security are persistent and they come from many different places.  

Today’s offices are digitally sophisticated. Just about every activity relies on some type of technology and data sharing. Hackers can breach these systems from several entry points including computers, smartphones, cloud applications, and network infrastructure.

It’s estimated that cybercriminals can penetrate 93% of company networks.

One approach that can help organizations fight these intrusions is threat modeling. Threat modeling is a process used in cybersecurity that involves identifying potential threats and vulnerabilities to an organization’s assets and systems.

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.

Here are the steps businesses can follow to conduct a threat model.

Identify Assets That Need Protection

The first step is to identify assets that are most critical to the business. This includes sensitive data, intellectual property, or financial information. What is it that cybercriminals will be going after?

Don’t forget to include phishing-related assets. Such as company email accounts. Business email compromise is a fast-growing attack that capitalizes on breached company email logins. Some hackers are even known to use reply-chain phishing attacks after gaining access to a businesses email.

Identify Potential Threats

The next step is to identify potential threats to these assets. Some common threats could be cyber-attacks such as phishing. Others would be ransomware, malware, or social engineering.

Another category of threats could be physical breaches or insider threats. This is where employees or vendors have access to sensitive information.

Remember, threats aren’t always malicious. Human error causes approximately 88% of data breaches. So, ensure you’re aware of mistake-related threats, such as:

• The use of weak passwords
• Unclear cloud use policies
• Lack of employee training
• Poor or non-existent BYOD policies

Are your employees trained to spot real world threats such as phishing and business email compromises? Visit us here to learn more about our Breach Prevention Platform and Security Awareness Training with simulated phishing tests.

Assess Likelihood and Impact

Once you’ve identified potential threats, take the next step. This is to assess the likelihood and impact of these threats. Businesses must understand how likely each threat is to occur. As well as the potential impact on their operations, reputation, and financial stability. This will help rank the risk management and mitigation strategies.

Base the threat likelihood on current cybersecurity statistics as well as a thorough vulnerability assessment. It’s best this assessment is by a trusted 3rd party IT service provider, such as Databranch. If you’re doing your assessment with only internal input, you’re bound to miss something.

Prioritize Risk Management Strategies

Next, prioritize risk management strategies based on the likelihood and impact of each potential threat. Most businesses can’t tackle everything at once due to time and cost constraints. So, it’s important to rank solutions based on the biggest impact on cybersecurity.

Some common strategies to consider include implementing:

• Access controls
• Firewalls
• Intrusion detection systems
• Employee training and awareness programs
• Endpoint device management

Businesses must also determine which strategies are most cost-effective. They should also align with their business goals.

Continuously Review and Update the Model

Threat modeling is not a one-time process. Cyber threats are constantly evolving. Businesses must continuously review and update their threat models. This will help ensure that their security measures are effective. As well as aligned with their business objectives.

Benefits of Threat Modeling for Businesses

Threat modeling is an essential process for businesses to reduce their cybersecurity risk. Identifying potential threats and vulnerabilities to their assets and systems is important. It helps them rank risk management strategies. As well as reduce the likelihood and impact of cyber incidents.

Here are just a few of the benefits of adding threat modeling to a cybersecurity strategy.

Improved Understanding of Threats and Vulnerabilities

Threat modeling can help businesses gain a better understanding of specific threats. It also uncovers vulnerabilities that could impact their assets and identifies gaps in their security measures and helps uncover risk management strategies.

Ongoing threat modeling can also help companies stay out in front of new threats. Artificial intelligence is birthing new types of cyber threats every day. Companies that are complacent can fall victim to new attacks.

Cost-effective Risk Management

Addressing risk management based on the likelihood and impact of threats reduces costs. It can optimize company security investments while ensuring that businesses divide resources effectively and efficiently.

Business Alignment

Threat modeling can help ensure that security measures align with the business objectives. This can reduce the potential impact of security measures on business operations. It also helps coordinate security, goals, and operations.

Reduced Risk of Cyber Incidents

By implementing targeted risk management strategies, businesses can reduce risk. This includes the likelihood and impact of cybersecurity incidents. This will help to protect their assets. It also reduces the negative consequences of a security breach.

Get Started with Comprehensive Threat Identification

Wondering how to get started with a threat assessment? Our experts can help you put in place a comprehensive threat modeling program. Give us a call today at 716-373-4467 x115 or [email protected] to schedule a discussion.

Article used with permission from The Technology Press.

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