With the technological revolution, technical innovations have emerged, changing the world. Every individual is aware and using technological upgrades to conduct their daily lives. Online communication is utilized to organize business transactions. The essence of cyber-security for an organization increases each day. Technological provisions are the contributing factors to the increased functionality and efficiency of the entity. It also has a few drawbacks such as hacking and espionage that have weakened some businesses.

To eschew this problem, there have to be security advancements to kill this problem that is slowly dominating the economic world. To comprehend the reasons why you should develop cybersecurity tactics and improve the functionality of your company.

Cybercrimes might be caused by different factors which include:

  • The universal feature of the internet
  • The increasing demand and easy accessibility to the dark web
  • The Policy is hard to implement when individuals attack people from all over; therefore, there is no jurisdiction.

Why is cybersecurity important?

Everyone is human, and they are prone to vulnerability. It does not matter the number of software that you use to prevent being hacked. Malicious individuals will not sleep till they find a weakness in your software and take advantage of it. 

Organizations need to update their security software often. Records have shown that even the vast companies have experienced hacking, but they have learned that the only solution is updating their software every time.

Organizations have to keep up with the growing technologies to beat the hackers.

Maintain Reputation. Today the digital surroundings have a very rapid way of spreading good and bad services. If you offer good services, then you will create a good name for your institution, but if you do not satisfy the customer’s needs, then you will create a bad name for your services. Clients can get tired of remaining contacts of the organizations that have experienced data espionage before, reducing trust in the services that you offer this later affecting your company’s earnings. By utilizing strategies to keep your organization safe and secure from security threats, you will have to show your dedication to the client’s solitude and a good reputation.

Avoid intense losses, in the case where a company may experience a cyber-attack. The inevitable will be solving this attack that can cost the company a huge amount of money. Getting back on their feet is also a difficult task that costs a fortune since clients are afraid of trusting the organization with their information.

With cybersecurity the losses are low. It prevents the interruption of services. Once hackers hit an organization, then the services offered by that entity will slow down this crippling the organization since the functionality is not efficient. Some hackers might have the intention of putting the company out of business. Your lack of inconsistency in cases of a cyber-attack will firm a bad reputation for your company since clients will see you as incompetent. All the strategies required to jumpstart a company during these low times might be costly, cumbersome, and time-consuming. With the right soft wares, this will not happen

Anyone can hack. Most people assume that hackers are proficient people, but that is not the case. The truth of the matter is many activities that require less or no knowledge in the knowledge that can cause malicious effects on the company. Normal users might get access to certain applications that will guide them to different dangerous actions. Nowadays, some books and tutorials that give guidelines on how to get access to personal information. Therefore individuals should not limit their predictions on the cause of the malicious act and take the right precautions and measures to prevent such attacks.

They help to manage the backups. Certain systems and programs have developed backup strategies. They need to invest in purchasing efficient backup software that is cost-friendly and stop relying on the default software. To eschew losing customers because of their mistrust in your performance, you need to have effective backup software. It will curb the issue of disrupting services.

 It reduces fear of attack. Anyone would be afraid to be cyber-attacked because of the intense effects that come with the attack. Purchasing and installing privacy protocols such as the General Data Protection has improved on security and created a complex cybersecurity field. Most of the organizations are planning to spend more than 70% of their revenue on cybersecurity that is cost-effective than trying to solve a cyber-attack. It gives the company confidence in its competence.

Competitors have developed the skill of hiring individuals to hack a certain threatening company to kill them and reduce the competition. Therefore these companies must defend themselves and prioritize, ensuring that they are cyber-secure.

People trust individual companies with personal details; therefore, if that information is leaked then it might cause a great loss to the customer and the company.

Trends to be keen on

Different trends that have emerged in 2022 that you have to keep an eye on:

Mobile devices 

With the development of technology, there has been an increase in the number of phones. With this increase, the quantity of data being stored on the mobile phone. Hackers love getting into emails and text messages. New versions of Trickbot Trojan have been developed to crack through passwords and pin codes.

Two-faced AI

AI acts for both sides. On one end, AI is utilized by 60% of the entity to predict any threat to the company. On the other end, there are malicious and used to relay fake information that might cause huge damage to the institution. AI helps to improve security and kill all the cyber-attacks.

 Improved networks like the 5G

Apart from the common 4G and 3G, developers have developed the 5G which is a high-speed network and will lead to high levels of IoT-related crimes. This design is new, cumbersome, and needs increased levels of security that many developers cannot design. It will be used as a loophole by the hackers to get access to personal data.

The 7 Most Important Questions To Ask Developers When It Comes To Data Privacy and Cybersecurity The 7 Most Important Questions To Ask Developers When It Comes To Data Privacy and Cybersecurity

Digitalization has reached the zenith of worldwide adoption.  Today, colossal businesses, small companies, government institutions,  intelligence agencies and billions of global citizens swarm online for millions of reasons.  From banking to education, shopping to healthcare, dating to data science- all sectors of life have become a part of the trillion-dollar Internet economy.  Data is now the biggest asset but that has led to cybersecurity becoming the newest domain for warfare.

This means that precious, personally identifiable data which could cost companies millions of dollars,  cost customers their privacy and potentially drain their wealth, and could cost a nation a geopolitical security threat, is now the backbone of all economic activities. Hence, before you approach a developer to build your mobile applications,  enterprise software or a website, there are some questions about data privacy and cybersecurity that you should ask. Here are some to start with- 

1. What security controls or features are your product?  

From a lack of mainstream understanding,  millions of app users don’t think twice about the strata of security that keeps their credentials,  activities, and PII private. Before choosing a developer, ask them in detail about the built-in security features that are deployed in-app.  There are varying controls that developers use in the market today. So research on the pros and cons of each and choose the one that is most relevant to your business.  

2. Do you encrypt data?  And can you access our enterprise data post deployment?  

Encryption is a fairly common security mechanism. It encodes raw data or text into a string of illegible codes to prevent unauthorized access.  The raw data is only accessible by the sender and the receiver (the party that the source trusts and chooses to send the data to). Encryption is what protects your information when you chat online,  fill in your bank details, add your address to e retail platforms, etc. Your software developer may be able to access your data even when encrypted due to encryption backdoors. Ensure that you and your developer have an honest conversation about who can access your company’s data post the app is distributed.  

3. How does your product mitigate physical security threats?  

In some cases,  the security breach arises not out of hacking,  but instances like losing your mobile phone. Some applications have a timeout operation that requires the user to sign in with credentials again after a preset duration.  This adds extra insulation against loss of data in case someone from your team gets a little irresponsible. Ask your developer about the security measures that mitigate physical security threats.  

4. Does your product have encryption backdoors for lawful access by federal authorities?  

The majority of cybersecurity professionals stand against the need for federally mandated encryption backdoors that allow government parties to access your data as and when lawfully required.  But while these encryption backdoors may be coded for federal parties, it is technically impossible that they will not be discovered by hackers and misused. If there is no encryption backdoor,  users’ privacy is maintained and is not vulnerable to breaches. Find out what is your developer’s stand on this federal mandate.  

5. What techniques do you deploy to secure vulnerable data?  

Gain an insight into how your developer protects your digital infrastructure,  learn more techniques to deploy within the product. Some techniques are- 

File-level encryption is a tool that works on a file-by-file basis, and it is useful for protecting data at rest.

Containerization is a type of virtualization strategy that creates separate containers at the operating system level. It supports encryption, and it is a viable alternative for securely storing data and documents.

Data federation is a security measure for decentralized storage of data. It spreads out critical resources across numerous serves and operates using a database. Also, it contains metadata about all the remote data. (From https://resources.infosecinstitute.com)  

Apps that require Personally Identifiable Information (PII) should have an added layer of security. These credentials not stored on the user’s device locally,  but on a secure server that connects securely to the app. Tools like VPN, SSL, and TLS are handy in protecting from local attacks such as those that arise from insecure, often public wifi networks.  

6. Where is my enterprise and customer data stored?  

Your data may be stored on-premise or in physical storage spanning multiple servers.  In applications that don’t require sensitive and personally identifiable information, your data is stored in the app on your device itself.  Depending on your business, your enterprise data and that of your customers could range from not vulnerable to extremely vulnerable to attacks (such as in case of banking or trading applications). Review the risks and make a decision regarding data storage that suits you best.  

7. What recovery features can help my business in case of an attack or data breach?  

Recovery features could range from automated backing to another server so that if your central infrastructure is compromised,  the data isn’t completely lost, to immediately taking your product offline when the first alarm of a potential breach is raised.  There are a lot of ways in which developers can build recovery features that downplay the potential damage by hackers, so educate yourself about these before your app’s development process begins.  

Wrapup

Before you hire a software agency or a developer to build your web/mobile or software application,  make sure that you understand all the nitty-gritty of the infrastructure that adopts all your customers.  Privacy should be a primary concern of your business. Hence it is essential that you leave no stone unturned in building a secure,  uncompromising experience for your customers. At Veltris, your privacy is our top concern.

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