Implementation of best practices in IT security helps evaluate the rank of the organization on the list of successful enterprises. IT security is meant for healthcare facilities, banks and other business institutions. Compliance with best practices in IT security differs from company-to-company based on the company’s management and leverage on security awareness and employee training. There are some recommended practices to ensure effective IT Security:
Quarterly Training on Security and Compliance: This business practice reduces the rate of failure by 77%. Human error due to lack of training has great negative impact on business processes and controls. It is recommended that CEOs implement automation processes to compensate lack of training.
Encrypt Cloud Transactions And Cloud Data: Compliance with this business practice reduces failure rate to 64%. Most managers are unaware of the fact that most cloud software applications don’t encrypt by default. Therefore, it is recommended to install third-party technologies that have the capacity to encrypt cloud data. This is important in order to ensure security and maintain privacy of data.
Make Use Of Encryption Technology Throughout The Business Enterprise: Compliance with this recommended practice will reduce failure rate to 10%. Failure to implement encryption throughout the company will lead to the risk of exposing keys and certificates meant for controlled access to secure data. Therefore, managers must ensure management of encryption assets throughout the enterprise.
Install Management Processes: Compliance with this reduces the rate of failure to 55%. This practice is important in order to ensure continuity of the business even if Certificate Authority is compromised. Digital certificates are the most the important piece of security technology, because they are ever-present. However, they can be breached easily, and managers must have immediate replacement certificates with generated encryption keys for immediate backup.
Rotate SSH Keys Annually: Employee turnover rate is one of the few unpredictable risks that managers have to take over a period of two years. Through compliance with this best practice, failure rate reduces by 82%. The SSH Key provides the administrators with access to critical data and systems. If the keys are not rotated more frequently, there is a risk of getting compromised by unauthorized access. Malicious and former employees pose a direct threat to security of sensitive data. Therefore, managers can install technology that automates key rotation and simplifies the process.
Organizations that succeeded in compliance with all five of these best practices have significant operational risk management. It is important to mention that when IT security is breached, the reputation of the company is at stake. It costs a lot to recover from security breach when it comes to IT systems. This is why there have been new laws to control breaches through proactive and stringent security measures.