New year, stronger security – essential cyber security resolutions

      As the calendar turns to 2024, we’ll be approaching our blogs with a quarterly theme, starting with Q1’s ‘Foundations of Cyber Security’ where we will discuss cyber security essentials.

      The evolving threat landscape and increasing reliance on digital technologies demand a proactive approach to safeguarding sensitive information and systems. As you step into the new year, here are some key cyber security resolutions that individuals and businesses should consider.

      Update passwords – strong and unique passwords are the first line of defense against unauthorized access. Ensure you update your passwords regularly, particularly for critical accounts such as email, banking, and social media. Consider using a password manager to automate password changes, ensure passwords are long and strong, and keep track of the last time that you changed your password. If you decide to use a password manager, it is important to set it up with Multifactor Authentication.

      Enable Two-Factor Authentication or Multifactor Authentication (2FA or MFA) – MFA adds an extra layer of security by requiring a second verification factor, such as an app with a 6-digit code that changes over a period of time, in addition to your password. This makes it significantly more challenging for attackers to gain access, even if they have stolen your password. The 2FA Directory website is a valuable and comprehensive resource that indexes global websites with specific instructions on how to set up MFA. When selecting an MFA type, try to stay away from less secure methods such as SMS.

      Stay informed about security threats – keep yourself up-to-date on the latest cyber security threats, trends and best practices. Follow reputable sources, such as security advisories from government agencies or industry experts, to stay informed about emerging threats and vulnerabilities. CISA, the US government’s Cybersecurity and Infrastructure Security Agency and the Waystone Compliance Solutions team are some examples of other sources that you may rely on for detailed and timely updates. For teams that travel frequently, the US State Department can provide alerts for new threats related to your travel destinations.

      Waystone Compliance Solutions is a leading provider of cyber security consulting and compliance services to the financial services industry. If you would like to find out more about how we can help you to assess your current cyber security measures, please reach out to your usual Waystone representative or contact us below.

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