Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

As we move further into 2024, the cyber threat landscape continues to evolve, presenting new challenges and opportunities for small businesses. At Obrela, we understand the importance of staying ahead of these threats and securing your digital assets. Here are some cyber security tips for small businesses to help your enterprise to enhance its cybersecurity measures this year and stay ahead of cyber criminals.

A recent Gartner survey shared that, “61% of companies said their governance goals included optimizing data for business processes and productivity but only 42% of that group believed they were on track to achieve it.” Data governance is often viewed as a prohibitive, controlling, and time consuming process designed to slow down work. Traditional approaches to data governance can make it a complicated effort, detouring teams from implementing it, but it doesn’t have to be.

The Australian Signals Directorate (ASD) is a government agency responsible for providing foreign signals intelligence and ensuring information security for Australia’s national interests. The ASD also significantly enhances the nation’s cybersecurity through strategic advice, standards, and protective measures.

In an age of increasingly complex cyber threats, New Zealand has implemented robust cybersecurity standards to secure the online environment for individuals, businesses, and government entities. New Zealand's cybersecurity approach is unique and effective, from the overarching strategies laid out by national cybersecurity policies to specific regulatory requirements that impact sectors like healthcare and finance.

Digital relationships with third-party vendors increase opportunities for growth, but they also increase opportunities for cyberattacks — a recent study found that 61% of U.S. companies said they have experienced a data breach caused by one of their vendors or third parties (up 12% since 2016). Implementing a vendor risk management strategy aligned with frameworks like the NIST security framework can help mitigate these risks.

The growing sophistication of threat actors, supply chain disruptions, and the potential for systemic and catastrophic losses make for a precarious landscape for insurers and those seeking insurance. To help customers reduce risk at scale, insurers and brokers must adopt technology in order to visualize vulnerabilities while also forecasting, quantifying, and monitoring risks.

In today’s interconnected business landscape, outsourcing to third-party vendors and service providers is an effective method for most organizations to improve operational efficiency and lower financial costs. However, as businesses form third-party partnerships, they inherit potential risks and increase the complexity of their third-party ecosystem, as any one vendor can become an attack vector that cybercriminals exploit to pursue a data breach.

Need help with a task while you’re out of the office? Sharing your login details with a colleague can seem harmless. However, this seemingly innocent act can lead to unintended consequences, especially if you’re using the same credentials across multiple platforms. Imagine the implications if those shared credentials grant access to your company's network. That's why it's crucial to prioritise security over convenience, and prevent password sharing.

The interconnected nature of our digital economy requires a shift in how companies think about their cyber risk. Companies need to consider the broader system and how to build mutual support with their entire cyber ecosystem– customers, partners, and vendors. Yet, today, most companies still rely on manual vendor onboarding, monitoring, and point-in-time external security reports to manage supply chain cyber risk – even top Fortune 500 companies.