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How to Control Cybersecurity Risk For Remote Working

Try out this best way to control your cybersecurity risk. It would help if you secured your business access control. You have to act now before it's too late.
A Codvo web developer is able to control his Remote Working Cybersecurity Risk

How do you safeguard your business’ data when you have a distributed workforce? How can business owners protect vital business information such as customer information when the people handling them are working from everywhere? 

In this blog post, we’ll show you a few of the most efficient ways to control cyber security for remote workers. 

With social distancing and the threat of COVID-19 without cure still looming on the horizon, everyone in the world of business was forced to adapt to a work from home environment. 

And with employees wanting to keep this new normal kind of work setup, what should your business be investing in right now to catch up with cybersecurity and to future-proof it from the ever-expanding list of cybersecurity threats? 

In the upcoming sections, we’ll show you the basic structure, and arguably the single-most-important factor for cybersecurity in 2020 and beyond. 

Common Cybersecurity Risks Affecting Remote Work

The first step to protecting your business is knowing exactly what you’re up against. Based on the data coming from Verizon’s 2020 DBIR,

37% of data breaches used stolen credentials, 22% involved phishing, and 27% involved Ransomware. 

These kinds of cyber attacks are, fortunately, preventable with the right knowledge and by enforcing the best workplace practices. Although there is an ever-increasing number of ways hackers can infiltrate your network, there are ways you can protect your business from cybersecurity threats right now. 

Take note that with evolving technology, many still new and emerging, any cybersecurity plan is not going to be faultless. And that’s why it’s important to be always a step ahead of the attackers. And one of the best ways to prepare your business is to set up a risk mitigation plan called the IAM, or the Identity and Access Management System. 

Mitigating cybersecurity threats by limiting access to data

The root cause of major data breaches is stolen credentials. Once the attacker is in your network, they will do everything to get more from you. They can enter into programs or applications that give them access to data, it could be your customer’s information or your employees’ financial information. In short, anything can happen. 

In a work-from-home environment where everything is on the cloud, access to data from virtually everywhere must be limited. It’s necessary to implement a system where you can limit access to programs or platforms according to employee roles in the company. 

And this is where an Identity and Management System comes in. IAM solutions protect the company from a data breach by enabling company owners to give control as to who can see the data and when they can see it. 

Identity management systems: What is it and how does it benefit a company? 

A couple from codvo company makes sure they can control their cybersecurity risk

IAM provides both control and visibility for organizations while ensuring cybersecurity. Many IAM systems revolve in 3 major principles: Identification, Authentication, and Authorization. 

Identification 

The ID defines the role of the user’s privilege of access, also known as Role-based Access Control. A database contains all the users’ identities and access privileges. A user will be given login credentials to use and his identity would be checked in that database. 

Identification is also not limited to people in the organization. Devices or hardware that are not recognized will also not be authorized to get access. 

Authentication

As previously mentioned, stolen credentials remain one of the biggest cybersecurity threats for many businesses that’s why more authentication steps are deployed as an extra layer of protection. 

In an office environment, multi-factor authentication is observed by having a password and an access control card. On the other hand, in a remote setup, multi-factor authentication can mean having the credentials, biometrics, or OTP (one-time pin). 

Authorization 

A user’s role also identifies his/her/its level of access or authorization. In the authorization phase, the system checks the authenticated user’s level of access to specific apps and technical resources. 

One example would be contributor access vs admin access. A contributor level of authorization may view and add but can’t edit. And an admin identity can view, add, and edit. 

What are the top technologies to learn and focus on identity and access management?

There are two types of IAM systems, On-prem (on-premise) and cloud-based systems. With no cure for COVID-19 still and of course, with remote work being the new normal, more businesses are investing in cloud-based IAM systems. And if you’re considering cloud-based IAM systems, below are a few of the top IAM technologies to learn and focus on. 

  1. Oracle Identity Cloud Service 
  2. Okta CIAM 
  3. OneLogin
  4. IBM Cloud IAM 
  5. RSA SecurID Suite
  6. Salesforce
  7. Sailpoint  IdentityIQ platform
  8. Ping Identity 
  9. Microsoft Azure IAM 
  10. Idaptive (Centrify) 

Build Your IAM Strategy With Expert Help

Codvo Team is building IAM Strategy to control their cybersecurity risk

IAM provides employees access to information/applications based on their role in the organization. IAM also allows the IT team to be able to add or remove access to certain applications to individual users conveniently in a single dashboard. This way, employees can have access to tools without waiting for access from the IT team. 

Codvo.ai helps you make the best decision about IAM solutions and prevent data mismanagement. Slash the extra costs, time, and effort needed to track and manage data as your enterprise grows. We offer ERP solutions using premier software such as SAP and Oracle so you can seamlessly handle data management across multiple platforms. 

Contact us today at experts@codvo.ai

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