Blog | It’s National Cyber Security Awareness Month (NCSAM)

It’s National Cyber Security Awareness Month (NCSAM)

October marks National Cyber Security Awareness Month (NCSAM), a global initiative that emphasises the importance of protecting our digital environments. Established by the U.S. Department of Homeland Security in 2004, NCSAM has grown into a worldwide initiative that aims to raise awareness about online threats and encourage both businesses and individuals to take proactive steps in order to safeguard themselves from cyberattacks.

At DuoCall MSP, we understand the importance of cyber security for businesses of all sizes, and we’re here to help you stay ahead of existing and emerging threats. This month, we’ll be highlighting the importance of cyber security and providing practical steps businesses can take to strengthen their defences. With cyberattacks growing more sophisticated by the day, adopting strong cyber security measures is no longer an option—it’s a necessity.

The importance of cyber security

In today’s hyper-connected world, the threat of cybercrime is ever-present. Every day, businesses face risks such as data breaches, ransomware attacks, phishing schemes, and malware infections. These attacks can have serious consequences, including financial losses, operational disruptions, legal liabilities, and reputational damage. In 2023 alone, the global cost of cybercrime was estimated to exceed £6 trillion, a figure that is expected to grow in the coming years. No industry is immune, and even small to medium-sized businesses (SMBs) are frequently targeted by cybercriminals looking for vulnerabilities.

For businesses, the stakes are especially high. Sensitive customer data, intellectual property, financial records, and proprietary systems are all prime targets for attackers. A single breach could potentially lead to devastating consequences, ranging from loss of customer trust to hefty regulatory fines. This is especially true with stringent compliance standards such as GDPR (General Data Protection Regulation) and the UK’s Data Protection Act enforcing strict guidelines on how businesses must protect personal information.

Prioritising cyber security isn’t as simple as installing antivirus software or firewalls; it’s about creating a comprehensive approach to protecting your digital assets. With cybercriminals employing increasingly sophisticated tactics, businesses must adopt a multi-layered strategy that covers not just technology, but people and processes as well.

Key cyber security threats in 2024

To effectively safeguard your organisation, it’s important to stay informed about the latest threats. Some of the key cyber security threats businesses face in 2024 include:

  • Ransomware attacks

    Ransomware attacks, where malicious software locks users out of their systems until a ransom is paid, have become more frequent and devastating. Attackers target businesses of all sizes, often demanding large sums of money in exchange for the release of encrypted data.

  • Phishing

    Phishing scams, in which attackers use deceptive emails or websites to trick employees into revealing sensitive information, remain one of the most common attack vectors. Despite growing awareness, many employees still fall prey to these scams, leading to breaches.

  • Supply Chain Attacks

    Cybercriminals are increasingly targeting third-party vendors and suppliers as an indirect way to breach larger organisations. By exploiting vulnerabilities in a company’s supply chain, attackers can gain access to sensitive data without directly targeting the primary organisation.

  • Insider Threats

    Whether due to malicious intent or human error, insider threats continue to be a major concern for businesses. Employees or contractors with access to company systems can inadvertently or intentionally cause security breaches.

Steps to strengthen cyber security in your business

With the threat landscape constantly changing, businesses must adopt proactive measures to protect their digital assets. Here are some key steps you can take to enhance your cyber security strategy:

  • Employee Education & Training

    One of the most effective ways to prevent cyberattacks is by educating your employees about common threats, such as phishing and ransomware. Regular cyber security training can empower your staff to recognise suspicious activity and take appropriate action. By promoting a culture of security awareness, businesses can significantly reduce the risk of human error, which is often the weakest link when it comes to cyber security.

  • Implement Multi-Factor Authentication (MFA)

    Relying solely on passwords is no longer sufficient for protecting against cyber threats. Implementing multi-factor authentication adds an extra layer of security by requiring users to provide two or more forms of verification before gaining access to an account/system. This can significantly reduce the likelihood of unauthorised access, even if passwords are compromised.

  • Regular Software Updates & Patch Management

    Keeping your software, systems, and applications up to date is critical for ensuring that they are protected against known vulnerabilities. Cybercriminals often exploit outdated software to gain access to networks, so regular patch management is essential for maintaining a secure environment.

  • Data Backup & Recovery Plan

    Ensuring that your data is regularly backed up and stored in a secure location is crucial in the event of a cyberattack. Having a robust data backup and recovery plan in place can minimise downtime and help your business recover quickly from an attack. Consider adopting the 3-2-1 backup rule: three copies of your data, on two different media, with one copy stored off-site.

  • Network Segmentation

    Segmenting your network into separate zones can help contain breaches and prevent attackers from moving laterally across your entire network. By isolating critical systems and sensitive data, you can limit the potential damage caused by a breach.

  • Incident Response Plan

    Despite your best efforts, no cyber security strategy is foolproof. That’s why having a comprehensive incident response plan is essential. This plan should outline the steps your business will take in the event of a cyberattack, including how to contain the threat, assess the damage, and recover. Regularly testing your incident response plan will ensure that your team is prepared to act quickly in a real-world scenario.

  • Partner with a Managed Security Service Provider (MSSP)

    For many businesses, managing cyber security in-house can be overwhelming, particularly with limited IT resources. Partnering with a Managed Security Service Provider (MSSP) like DuoCall MSP can help you stay ahead of the latest threats. We offer a range of cyber security solutions, from 24/7 network monitoring to threat detection and response, so you can focus on running your business with peace of mind.

It’s time to prioritise cyber security within your business

As cyber threats become more sophisticated, it’s more important than ever for businesses like yours to prioritise cyber security. National Cyber Security Awareness Month serves as a reminder that every business, regardless of size, must take proactive steps to protect their digital assets. By implementing robust security measures, educating employees, and staying informed about the latest threats, your organisation can significantly reduce the risk of falling victim to cybercrime.

At DuoCall MSP, we’re committed to helping businesses strengthen their cyber security posture. Contact us today to learn more about how we can support your organisation stay safe and secure in the digital world.

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