As hybrid working expands beyond the boundaries of the office and the way we work becomes more digital, the number of entry points that make it easier for cybercriminals to access our data is increasing. To combat these threats, companies and organizations need to have the right foundations in place. Failure to do so can expose them not only to security breaches, but to financial and reputational damage. Data protection and privacy laws and regulations are rightly getting tougher. Since May 2018, 800 fines for non-compliance with the GDPR have been imposed in the European Union, and in the third quarter of 2021 alone the fines for the GDPR approached one billion euros. All this before mentioning the ransoms paid. Darkside, the notorious hacking entity, allegedly made more than $90 million in ransom payments in the past year. The financial impact of a major security or privacy breach can be enormous, but it can also affect an organization’s reputation. Customers are less likely to want to work with a company that is known to have had data breaches or exposed personal information. So what can companies do to prevent things from reaching this point?
These are the three essential elements to establish a business security strategy:
1. Address the educational and cultural gap
Educating employees and members of organizations to apply security best practices and training them to spot potential security risks is critical to preventing phishing and ransomware attacks. Enterprise Mobility Management (EMM) solutions like HMD Enable Pro can mitigate risk for employees who use devices for both work and personal use. But with human error accounting for 95% of successful cyberattacks, bridging the knowledge gap is a top priority. The better informed each team member is, the better prepared the organization will be
2. Implement a reliable and flexible EMM solution
As more and more smartphones are used for work, ensuring that they are equipped with the right applications and the correct security policies helps both efficiency and the deployment of the best security measures for the company. An effective enterprise mobility management (EMM) solution makes it possible. As the use cases and needs of each company vary, the ideal EMM should be one that supports all available policy types (work profile, fully managed, etc.), so that an EMM solution can serve the entire fleet of Android devices, and provide the necessary details of deployed devices at a glance. A flexible and simple EMM solution, with a trusted reputation, can take a company’s security policy a long way.
3. Prioritize durability and sustainability
When a potential vulnerability is discovered, news travels fast, especially if the vulnerability is considered critical in nature. In these cases, it is very human to want the problem to be fixed as quickly as possible. That’s why businesses are choosing smartphones that come with a clear and consistent promise of monthly security updates. Appliances that are constantly updated to deal with the latest threats don’t need to be replaced as often either. This provides durability and longevity as well for more profitable sustainability, an increasingly important element for both a health care provider on a shoestring budget and a global company meeting all sustainability KPIs, for example. A cybersecurity strategy that takes these three elements into account can keep your organization more secure in today’s rapidly changing hybrid professional world.
By Andrej Sonkin, CEO of HMD Global Enterprises