Tag: privacy breaches

Why Privileged Identity Management (PIM) is critical for businesses using the cloud

Posted on by QuoStar

"Privileged accounts are a prime target for cybercriminals..."

Privileged Identity Management (PIM) is an essential security practice for businesses using the cloud. It focuses on securing and managing privileged accounts and access rights within an organisation. In this blog post, we will explore the importance of PIM for businesses, particularly those using the cloud, and why every business should consider implementing it as part of their comprehensive cybersecurity strategy.

What is PIM?

PIM refers to the processes, policies, and technologies used to manage and secure privileged accounts and access rights within an organisation. Cybercriminals often target privileged accounts as a means of gaining access to sensitive information and systems. PIM aims to reduce the risks associated with privileged accounts by providing a central solution for managing and securing these accounts. It involves identifying, managing, controlling access, and monitoring privileged account activity.

Importance of PIM for Businesses

Privileged accounts are a prime target for cybercriminals, and a breach can result in severe consequences, including data theft, business disruption, and reputational damage. PIM is essential for businesses because it helps to mitigate the risks associated with privileged accounts. By implementing PIM, businesses can control who has access, monitor, detect and respond to suspicious behaviour, and reduce the impact of a breach if one occurs.

Why Every Business Using the Cloud Needs PIM

Cloud computing has transformed the way businesses operate, providing flexibility, scalability, and cost savings. However, the cloud also presents new security challenges, particularly when it comes to privileged accounts. Cloud environments typically have many privileged accounts that can access critical resources, making them attractive targets for cybercriminals. PIM is especially important for businesses using the cloud because it provides a central solution for managing and securing privileged accounts across all cloud services and platforms. With PIM, businesses can identify and manage privileged accounts, enforce access controls, and monitor activity. Implementing PIM in the cloud can also help businesses to meet compliance requirements.

Conclusion

PIM is a critical component of a comprehensive cybersecurity strategy, particularly for businesses using cloud computing. By implementing PIM, businesses can manage and secure privileged accounts, control access to critical resources, and monitor privileged activity. PIM can help to reduce the risk and mitigate the impact of a breach if one occurs. Every business using the cloud should consider implementing PIM as part of their cybersecurity strategy to protect against the growing threat of account breaches.

If you’d like a member of QuoStar’s consulting teams to assess your risks and advise on potential controls, without obligation, please contact us.

A 5 step guide of actions necessary in the face of Security or Privacy breaches

Posted on by Robert Rutherford

5 Step guide to security breach

 

Security and privacy breaches are on the rise globally, with potentially serious implications for businesses that are not able to handle them promptly and efficiently.

 

This can feel like a vast and confusing maze to navigate, especially for small and medium businesses, if underprepared.

However, with just a few simple steps, businesses can ensure they are taking the most appropriate response to a breach and giving themselves the best chance of mitigating the impact of an attack. You can see the top five suggestions below from our Head of Security and CISO as a Service Consultant, David Clarke.

David Clarke QuoStar CISO

A 5 step guide

What to do the face of Security or Privacy breaches

  1. Once a breach is discovered, getting all the key stakeholders together to establish some ground rules about how to deal with the breach is key. This should be done whilst maintaining a ‘no blame’ approach to operations. Additionally, the incident should be given a code name for use in emails and discussions to maintain clarity.

 

  1. It’s then necessary to capture every piece of known, suspected or inferred information about the breach to get an overview of the situation. The targeted business should only work with verifiable facts, even if there are very few, and all decisions must be directly logged. Crucially, it’s vital to ensure that no suspicion or guesswork is released outside of the key stakeholders. Once ready to release information outside of the company, ensure that it is only via a named spokesperson.

 

  1. In the case of a personal data breach, the business should, in the first instance, work on the data subject risk analysis. For example, will this breach cause detriment to the data subject? It will then be necessary to verify and check all possible evidence and challenges. After the breach, only 20% or less of the data will remain available. This is why the business should start to size, scope and quantify the breach on an ongoing basis.

 

  1. Senior management should be briefed only with facts and factual based risk assessments. However, the business should also be prepared to notify the relevant authorities and/or Data Subjects in a controlled manner.

 

  1. Regulatory bodies will judge a business based on how breaches are managed, not the breach itself. Ensure to register the issue with authorities if required, for example if the risks are very high. Initial focus must be firmly on gaining a level of control, confidence, and containment over the breach.

 

Ultimately, businesses should reach out for professional assistance if needed. Work on containing the breach to make eradication easier.

 

If you’d like more support or out any further information on measures you can take to protect your business, get in touch.

Contact us today for a free security GAP analysis assessment.