Enthec

Third-Party Risks: how to protect your business from external threats

Third-party risks are a reality that no organization can ignore. Reliance on external vendors, partners, and services is rising, but have you considered how these relationships can become a gateway for threats?
This article will help you understand third-party risks, why managing them is essential, and how specialized cyber surveillance solutions like Kartos can benefit your business.

What are third-party risks?

Third-party risks refer to threats from external entities with which your organization interacts. This includes vendors, contractors, business partners, and any other entity with access to your data, systems, or processes.
For example, imagine that your cloud service provider suffers a cyberattack. Even if you're not the direct target, the consequences can devastate your business, from losing sensitive information to disrupting your day-to-day operations.
Managing these risks is vital to ensuring the security and continuity of your organization. This is where the TPRM (Third Party Risk Management) concept comes into play.
You may be interested in→ 5 tips to improve your company's access management.

What is TPRM and why is it important?

TPRM is identifying, assessing, and mitigating risks associated with third parties. This approach helps companies:

• Protect your sensitive data. Ensure that suppliers and partners comply with the required security standards.
• Avoid interruptions in operations. Anticipate possible failures or vulnerabilities that may affect the business.
• Comply with legal regulations. Many regulations, such as the GDPR, require strict controls over relationships with third parties.

Managing third-party risks is not optional but necessary in an environment where digital supply chains are becoming increasingly complex.

Cybersecurity and third-party risks: a complicated marriage

Cybersecurity is one of the most critical aspects in third-party risk management. According to recent studies, more than 60% of security breaches originate from third parties. This is because, in many cases, attackers find in them the weakest link to access their final goal: your company. Some of the most common risks related to third parties are:

• Insecure access: providers with weak passwords or without multi-factor authentication.
• Lack of updates: outdated systems that become exploitable vulnerabilities.
• Unencrypted data transfers: exchanges of sensitive information without adequate safeguards.
• Fourth-tier providers: subcontracted entities that do not meet expected security standards.

Key tools to manage third-party risks

You need more than just trusting your partners or suppliers; you need a robust system to assess and monitor risks continuously. In this context, cybersecurity tools, such as Enthec's solutions, stand out as a reliable and practical choice.

Kartos: Designed for Business

Kartos is a cyber-surveillance solution focused on continuous threat exposure management (CTEM). With it, your organization can:

• Identify risks in real time. Detect potential vulnerabilities before they become a problem.
• Evaluate your third parties. Check if your partners meet the security standards you need.
• Generate clear and actionable reports. It facilitates data-driven decision-making.

This solution works under a CTEM approach, ensuring that you not only identify threats, but also take action to mitigate them.

Best practices to minimize third-party risks

In addition to using solutions such as those from Enthec, there are several measures you can implement to strengthen security:

• Conduct regular evaluations. Evaluating your third parties at the beginning of the relationship is not enough; it is crucial to do so continuously.
• Establish clear contracts. It includes specific clauses related to security and compliance.
• Train your team. Your employees need to be aware of third-party risks and how to spot them.
• Implement security audits. Regularly review your partners' systems and procedures.

Protect your business today!

In an increasingly interconnected world, managing third-party risks isn't just an option; it's a responsibility. Enthec, with its cyber-surveillance solutions like Kartos, is here to help you ensure your business's and your data's security.
Don't let a third party cause a breach in your organization. Take the first step toward continuous threat exposure management with cybersecurity tools designed to fit your needs.
Contact us and find out how to protect yourself from third-party risks proactively and efficiently.

by Enthec

How to Improve BYOD Security: C-Levels Personal Data Protection

BYOD (Bring Your Own Device) has gained popularity in recent years due to several factors, including the growing adoption of mobile devices and the need for flexibility in the workplace.

Read on to learn more about this trend and how it affects the organization's security and C-Levels.

What is BYOD, and what is its relevance to companies?

BYOD (Bring Your Own Device) is the company policy that allows employees to use their devices, such as smartphones, tablets, and laptops, to access corporate systems and data and perform work activities. This practice typically includes accessing corporate email, business applications, documents, and other company resources.
BYOD implementation varies by company but typically involves installing security and management software on personal devices to protect corporate data.  

Why has BYOD become popular?

The emergence and adoption of BYOD policies in companies have been driven by various causes related to the business environment and the global market. These have created an exemplary scenario for companies to adopt BYOD policies and take advantage of their benefits.

• Increased labor mobility. Employees can now work from anywhere and anytime, which has caused companies to look for solutions that allow this flexibility.
• Demand for flexibility from employees. New generations of workers value flexibility and autonomy at work. BYOD allows employees to use devices they are familiar with and comfortable with, which can improve their satisfaction and retention.
• Reduction of operating costs. Allowing employees to use their own devices reduces hardware and maintenance expenses, which is especially beneficial for small and medium-sized businesses.
• Technological advances. The rapid evolution of mobile technology has made personal devices increasingly powerful and capable of handling complex work tasks.
• Enhanced connectivity. The expansion of high-speed networks has improved global connectivity, allowing employees to access corporate systems and data quickly and efficiently from anywhere
• Growth of remote work. The COVID-19 pandemic accelerated the adoption of remote work around the world. Many businesses were forced to adapt to this new reality quickly, and BYOD became a viable solution for allowing employees to work from home.
• Security and device management. Developing advanced device management and security solutions has enabled enterprises to implement BYOD policies securely.

Advantages and disadvantages of BYOD in companies

BYOD has many advantages and disadvantages that businesses should consider before implementing it to ensure successful and safe adoption.

BYOD advantages

• Increased productivity. Employees tend to be more productive when they use devices that they are familiar with and comfortable with. Learning time is reduced, and efficiency in the completion of tasks is increased.
• Cost reduction. Companies reduce purchasing and maintaining hardware costs by allowing employees to use their devices. This is especially beneficial for small and medium-sized businesses with limited budgets.
• Flexibility and employee satisfaction. BYOD allows employees to work from anywhere and anytime, improving work-life balance and, thus, satisfaction. For the company, this translates into more significant talent attraction and retention.
• Innovation and technological updating. Individuals generally tend to update their devices more frequently than businesses, which means they may have access to newer, more advanced technology.

BYOD disadvantages

• Security information, data, and communications are the primary concern, as personal devices can be more vulnerable to cyberattacks.
• Device compatibility and management. Managing various devices and operating systems can become complex and require additional resources.
• Employee privacy. Implementing management and security software on personal devices raises employee privacy concerns. Establishing clear and transparent policies to protect employees' data is essential.
• Hidden costs. Although BYOD reduces hardware costs, it can sometimes carry hidden costs associated with implementing and managing the policy.

BYOD Security Challenges and How They Affect C-Levels

While security issues within the BYOD system remain, those that affect C-levels are more relevant to the organization due to their high capacity for action.

Risks of BYOD to C-Levels Personal Data Privacy

When it includes C-levels, BYOD carries the same risks and threats as applied to any other employee. However, the type of information they handle and the activity that C-levels have access to within the organization make the associated risks more critical.

• Sensitive data: C-Level personal devices used as BYOD contain critical information about the organization. In addition, they contain a large amount of personal data that can be used to put the person and the organization at risk.
• Spear Phishing and Whale Phishing: Senior executives are attractive targets for highly targeted spear phishing attacks and other forms of social engineering.
• Lost or stolen devices: Personal devices are more susceptible to loss or theft, which can expose critical corporate data, especially for C-levels.
• Use of unsecured Wi-Fi networks: Connecting every day to public or unsecured Wi-Fi networks from personal devices during private activities is common.
• Security updates: Awareness of the need to keep personal devices up to date may be lower and may even conflict with some use outside the device's work environment (e.g., lack of sufficient memory).
• Mix of personal and work use: Combining personal and work data on the same device can easily lead to unauthorized access and exposure of sensitive information.

Common Security Threats to Using Personal Devices at Work

Using personal devices at work presents several security threats common for any worker, regardless of the responsibility of their position within the organization.

• Malware and malicious applications. Personal devices can download apps that contain different types of malware and compromise business data security.
• Phishing. Phishing attacks arrive through emails, SMS messages, social networks, and other applications to trick users into revealing sensitive information.
• Ransomware. This type of malware encrypts the data on the device and demands a ransom to release the information. Personal devices are often more vulnerable to these attacks.
• Unauthorized access. Personal devices are used in various places and situations, making unauthorized access easier.
• Insecure Wi-Fi networks. Connecting to public or unsecured Wi-Fi networks exposes devices to attacks and unauthorized access and is a common practice when in a public place with a personal device.
• Lost or stolen devices. If a personal device is stolen or lost, corporate and personal data can fall into the wrong hands.

Strategies to mitigate risks and protect critical data

To reduce or nullify the risks associated with BYOD, there are many recommended cybersecurity strategies:

• Cybersecurity training: Train employees on security best practices, such as safely identifying phishing emails and using personal devices.
• Digital identity protection: Implement strong authentication measures, such as multi-factor authentication (MFA), to ensure that only authorized users access sensitive data.
• Zero Trust Architecture: Adopting a security approach based on the concept of Zero Trust involves continuously verifying users' identity and context.
• Behavior-based protection: Use security solutions that detect and block suspicious device behavior.
• Update and Patch Policy: Ensure that all personal devices used for work are up-to-date with the latest security patches and software.
• Data encryption: Implement data encryption at rest and in transit to protect sensitive information in case of lost or stolen devices.
• Continuous monitoring: Conduct regular audits and assess the use of personal devices to detect and respond to any security incidents quickly.

Practices to improve BYOD security in C-Level profiles

Carry out a series of cybersecurity practices to mitigate risks and protect critical data in company C-level profiles with a BYOD policy.

Recommended technologies for protecting data on BYOD devices

Some technologies that can be incorporated into C-Level BYOD devices include:

• MDM (Mobile Device Management). It enables businesses to manage and secure mobile devices. With MDM, you can enforce security policies, control applications, and perform remote wipes in case of loss or theft.
• MAM (Mobile Application Management). More restrictive than the previous one, it focuses on managing specific applications instead of the entire device. This allows you to control access to corporate applications and protect data within them.
• VPN (Virtual Private Network). It provides a secure, encrypted connection between the device and the corporate network, protecting data in transit from potential interceptions.
• Data encryption. Encrypting the data stored on the devices is essential to protect it in case of loss or theft. Data encryption ensures that only authorized users can access the information.
• Multi-factor authentication (MFA). It adds an extra layer of security by requiring multiple verification forms before granting access to data or applications.
• Security containers. They separate corporate data from personal data on the device, ensuring that sensitive information is protected and not mixed with personal data.

Updated security policies

Regularly updating corporate security policies is essential to improving BYOD security, especially for C-Level profiles.
These periodic updates must include adapting policies to new threats, approving new legal regulations, conducting the latest risk assessments, applying new technologies and security protocols, providing staff training, and implementing changes in the organization's business structure or operational processes.

Staff training

To improve BYOD security in senior management profiles, it is important to design a specific training plan for C-Levels that considers their particular responsibility.
Such training should integrate awareness of general and particular threats, security best practices, compliance, incident management, cybersecurity culture, and, crucially, risk assessment, taking into account the specific context of each C-Level.
You may be interested in our publication→, Cybersecurity Risk Management for C-Levels.  

Featured Examples of BYOD in Enterprises

BYOD is a policy followed by various companies, from small startups to large multinational corporations. Due to their work's mobile and flexible nature, technology and professional services companies are some of the most adopting this policy.
However, growing adoption is also seen in sectors such as education, health, and finance, where mobility and quick access to information are crucial.
Some prominent examples of companies that have successfully implemented BYOD include:

1. IBM: Allows employees to use their devices to access corporate applications and data.
2. Cisco: Uses BYOD to encourage employee flexibility and mobility.
3. SAP: The company has experienced improvements in productivity and employee confidence since implementing BYOD.
4. Unisys: The BYOD policy has enabled employees to work more flexibly and efficiently.

The Future of BYOD in Companies and Its Impact on Data Security

The future of BYOD in enterprises looks promising, but it poses significant challenges regarding data security. Allowing employees to use their devices to access corporate systems and data has gained popularity due to its potential to increase productivity and satisfaction. However, this practice also introduces security risks that companies need to address.
One of the main challenges is protecting sensitive data. Personal devices typically lack the same levels of security as corporate devices, making them more vulnerable to cyberattacks. In addition, the diversity of devices and operating systems can make it difficult to implement uniform security policies.
To mitigate these risks, companies must adopt comprehensive approaches to security. This includes implementing personal device management and automated monitoring solutions for real-time detection of data breaches and the breaches that have caused them. Educating employees on security best practices and establishing clear policies on using personal devices is also crucial.

Find out how Enthec can help you protect your organization's sensitive information and its C-Levels

Through its automated and continuous monitoring solutions, Enthec locates leaked and exposed sensitive information, neutralizing its use to carry out successful cyberattacks and detecting security breaches in the systems or devices that have caused them.
If you need to know more, do not hesitate to contact us.

by Enthec

Cyber Resilience: The Concept You Need to Know

Cyber resilience is an approach that extends an organization's traditional cybersecurity strategies, adding resilience and evolution capabilities to those of prevention and recovery.

Cyber Resilience: What It Is

Cyber resilience is a key concept in the cybersecurity industry that everyone is talking about now.

But what is cyber resilience and why is it so important?

Cyber resilience is the ability of a system or organization to anticipate, resist, recover and evolve in the event of cyberattacks or adverse conditions that prevent normal functioning in the digital environment.

Cyber resilience is a concept that goes beyond the traditional approach to cybersecurity, which is focused on protecting systems, networks, and data from attacks. It involves being prepared to nullify or minimize damage, maintaining activity during any cyberattack or incident, and learning to strengthen.

Cyber resilience is crucial for organizations because traditional cybersecurity measures are insufficient to ensure data security, proper infrastructure operation, and business continuity. Any organization must be able to prevent and contain attacks, respond appropriately, and recover as quickly as possible.

A well-implemented cyber resilience strategy helps protect a company through four pillars:

1. Anticipation: locating vulnerabilities and threats to nullify them or knowing them to be prepared when used.
2. Resistance: resist attacks and minimize damage, thanks to anticipation.
3. Recovery: recover as soon as possible, maintaining activity at all times.
4. Evolution: continuously improving the capabilities to prevent and overcome attacks.

Cyber resilience involves having the most evolved and appropriate tools, solutions, and systems to protect against cyber threats. It also requires adapting corporate processes to this approach and properly training people.

This includes implementing a continuous vulnerability location strategy, incident response and recovery plans, regular security testing, and a trained and ready cybersecurity team.

Differences Between Cybersecurity and Cyber Resilience

Cybersecurity and cyber resilience are two fundamental and complementary concepts in the field of information security, but they have some significant differences from the outset.

Cybersecurity focuses on prevention and protection, while cyber resilience focuses on adaptation and evolution. Cybersecurity is the prerequisite for cyber resilience, which thus emerges as an expansion of the scope of the concept of cybersecurity.

Cybersecurity focuses on preventing attacks and using technologies and practices to protect a company's digital assets. It involves keeping systems up to date, training employees in best practices, and investing in appropriate solutions and technologies to locate vulnerabilities and prevent attacks before they occur or minimize the damage caused.

Instead, cyber resilience is built so that not all cyberattacks can be prevented and focuses on an organization's ability to adapt and learn from them. Cyber resilience goes beyond the ability to recover from an attack; it also involves the ability to continue operating during an attack and minimize its impact on business operations.

To learn more about cybersecurity, access our publication→ The 5 cybersecurity trends you should know..

Why is cyber resilience important for companies?

Today, cyber resilience has become an essential component of business sustainability in the short and medium term, thanks to the benefits it brings:

Increased competitive advantage

Cyber resilience improves customer and partner trust, strengthening the company's reputation. In addition, a cyber-resilient company can innovate and adapt quickly to market changes, seizing digital opportunities securely.

Cyber resilience is a long-lasting competitive advantage sustained over time and adjusts to the constant changes in the cyber threat landscape.

Reduction of financial losses

Cyber resilience helps businesses minimize the financial losses associated with cyberattacks. By effectively resisting attacks, businesses avoid significant costs related to disruption of operations, data loss, and fines for regulatory non-compliance.

In addition, rapid recovery from an attack reduces downtime, limiting revenue losses while lowering long-term costs by preventing damage from customer churn. In this way, while the average cost of a successful cyberattack increases every year, cyber-resilient companies manage to reduce this amount significantly.

Compliance with legal and regulatory requirements

Cyber resilience helps organizations comply with national and international cybersecurity regulations, such as the Networks and Information Systems Directive (NIS) or the General Data Protection Regulation (GDPR).

Organizations implementing cyber resilience practices can demonstrate to regulators that they are proactively protecting critical data and systems. This helps avoid fines and penalties that result from regulatory non-compliance.

Reputation Protection

Cyber resilience plays a crucial role in protecting companies' reputations. In a digitized market, a single security incident can cause significant damage to a company's reputation and lead to a loss of trust from customers and partners.

By being cyber-resilient, companies demonstrate their commitment to security, strengthening their reputation and reliability. In addition, by minimizing the impact of cyberattacks, cyber resilience prevents negative publicity and helps maintain stakeholder trust.

Characteristics of a cyber-resilient company

Cyber-resilient companies share a series of characteristics associated with the ability to adapt and learn in the face of cyberattacks:

Dynamic positioning

Dynamic positioning allows companies to adapt to new threats, learn from security incidents, and continuously improve their defenses.

It involves anticipating, resisting, and recovering from cyberattacks and other critical events.

In an ever-evolving digital environment, cyber threats change and adapt quickly. Therefore, enterprises must be able to adjust their security posture dynamically to meet these challenges.

This is achieved through comprehensive security strategies, continuous monitoring, and personnel training. Cyber-resilient businesses must also be able to adapt to new cybercriminal tactics and keep up with the latest technologies and security standards.

In addition, they must have adequate contingency and recovery plans to minimize damage and maintain customer trust.

Analytical monitoring

Cyber-resilient companies know the need to
detect and respond to threats promptly.

Analytical monitoring allows these companies to collect, process, and analyze large volumes of security data in real-time. This provides complete visibility into different attack surfaces and enables early detection of vulnerabilities and suspicious or anomalous activity.

This visibility is achieved by implementing tools and systems to monitor potential threats and vulnerabilities. Analytical monitoring is crucial to identifying and responding to cyber incidents efficiently.

In addition, it allows cyber-resilient companies to anticipate and prevent attacks, minimize the impact of incidents, and protect their critical assets. Analytical monitoring also helps improve responsiveness and recovery.

Continuous analytical monitoring of different attack surfaces offers additional benefits that go beyond simple incident detection:

• Improved detection capability: This maximizes the ability to detect potential adverse conditions and reveal their extent, enabling a more effective and faster response to incidents.
• Attack anticipation: Helps anticipate and prevent cyberattacks, significantly reducing financial and reputational losses.
• Improved system security: In addition to helping respond to an attack and survive quickly, it also serves to develop and design protection strategies.
• Reduced chances of a cyberattack: By identifying and containing potential threats before they materialize, you can reduce your chances of falling victim to one.
• Improved responsiveness: Improves the ability to respond to incidents, allowing for faster and more effective recovery.
• Improved collaboration: Facilitates collaboration between different departments and with third parties, which is essential for an effective cyber resilience strategy.

Cybersecurity Practices and Policies

Strengthened cybersecurity practices and policies are a critical characteristic of a cyber-resilient enterprise. These policies define the rules and procedures that the organization follows to protect against cyber threats and respond effectively when security incidents occur.

This involves implementing robust security measures, such as complex passwords, multi-factor authentication, and regularly updating software and systems.

In addition, the organization should have clear policies on device and network use and ongoing training for employees on cybersecurity best practices. These measures help prevent and mitigate cyberattacks, reducing the organization's vulnerability. Likewise, an organizational culture that prioritizes cybersecurity is crucial, where all company members are committed to following the established protocols.

Comprehensive protection measures

These measures encompass a variety of strategies and technologies designed and combined to protect all aspects of a company's digital infrastructure and control different attack surfaces.

They encompass monitoring and analytics solutions to detect and respond to cyber incidents quickly. They also include physical security, such as controlling access to data centers, and digital security, such as firewalls, intrusion detection systems, and antivirus software.

In addition, they include data protection, such as encryption and key management, and application security, such as code review and penetration testing.

Finally, comprehensive protection measures involve incident preparedness, such as incident response planning and disaster recovery.

Find out how Kartos by Enthec can strengthen your organization's cyber resilience.

Our Kartos Corporate Threat Watchbots Cyber Surveillance platform makes it
easy for your organization to continuously monitor the external attack surface.

Thanks to the analytical capacity of its self-developed Artificial Intelligence and machine learning, Kartos reinforces organizations' cyber resilience by providing the information they need to deal with a cyberattack.

Contact us and learn about our solutions to make your company a cyber-resilient organization.

by Enthec