Cyber Security Essentials For StartUps

Cybersecurity  might not not seem the most urgent priority for entrepreneurs and their start-up business ventures, but increasing the emphasis placed on cybersecurity reaps rewards as the business matures. Increasing emphasis on cybersecurity reaps rewards as start-up businesses mature, according to CyberCube.

The cyber risk analytics firm’s message came as part of a contribution to a report by the World Economic Forum.

The Report, Incentivising Responsible and Secure Innovation: A Framework for Investors and Entrepreneurs, states that “digital technologies are introducing new vulnerabilities faster than they can be secured and the prospect of curbing cyber-attacks diminishes with each additional unsecured technology.”

In its submission to the report, the insureance industry technology  specialst firm CyberCube reported that many start-ups are prevented from developing strong cyber security cultures due to the pressures of rapid workforce expansion and product development.

To counter these pressures, cyber security needs to be embedded in the company from the beginning, CyberCube said.

“Security belongs to everyone in an organisation, not just the security team.... Everyone handles data and uses passwords, so they all have a part to play. Even in their earliest stages, businesses increasingly need to establish a security culture and reinforce it through small, attainable goals.” said Ajay Garg, head of engineering for CyberCube.

CyberCube also recommended that managers lead by example to instill a cybersecurity mindset, think creatively to make cybersecurity engaging for staff, and focus on raising employees’ awareness of security issues.

“Too often, cybersecurity is viewed only as an information technology issue for which only IT professionals are responsible...The cyber essentials framework promoted by the World Economic Forum reframes cybersecurity into a strategic business challenge transcending across organisational, product and governance issues for all entrepreneurs, innovators and their investors.” said Pascal Millaire, CEO of CyberCube.

Insurance Business:       SecurityInformed:      SourcesSecurity

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