Cyber security has been at the forefront of most tech news for the last few years now. It continues to govern C-suite strategies and budgets and is a constant looming shadow over businesses worldwide. Now, the fire is being further fuelled by destabilising global politics; wars are now not just being fought on the ground but virtually, with both Government backed and vigilante groups on each sides targeting individuals and businesses in an effort to obtain information or, simply, to just cause chaos.
A lot of businesses are countering this threat by taking out Cyber insurance – essentially an indemnity against the losses that a business may suffer during and after a Cyber attack. However, these policies are incredibly convoluted and include a lot of clauses that your businesses need to stay on the right side of, in order to actually be covered in the event of an attack. As much as its pleasant to think so, having Cyber insurance isn’t necessarily a complete failsafe for your business.
One example is network device compliance, most commonly software and firmware versions. Every so often, be it monthly, quarterly or annually (it differs from provider to provider) a provider will issue out new versions of its software and firmware, for varying reasons…to combat bugs reported by users, improve the general user experience or to patch exploits that have been discovered in the previous versions. In certain scenarios, emergency releases are made to cover large exploits that receive a lot of public attention, or are identified as being particularly dangerous. With certain makes and models of network device, these updates happen autonomously, typically overnight, without any manual intervention, though this is not always the case. A large portion need to be manually triggered to carry out these updates, meaning that if you’re not on top of your network administration, you may quickly find yourself several releases behind. This has a very good chance of invalidating your Cyber insurance policy, should you make a claim.
Good network administration is therefore imperative to your business’s safety, security and longevity. Cyber crime isn’t going anywhere, in fact it is only ever likely to increase from where we are today.