Cybersecurity Essentials for Series A startups
Cybersecurity is the most crucial concern for a series A startup as you have a lot on the line because you’re just beginning to develop relationships with clients and your network, and a data breach can often result in costly financial losses and irreparable reputational harm.
Today, all sorts of organizations eventually experience regular cyberattacks; nonetheless, startups are particularly susceptible. The US National Cybersecurity Alliance found that 60% of small enterprises never fully recover following a successful cyberattack. The monetary losses amount to hundreds of thousands of dollars as well. You can only imagine the impact $100,000 in damages would have on a startup.
Therefore, avoid the error of operating under the notion that your company is secure because of its small size. A series A Startups have intellectual property, customer information, employee information, and other things that fraudsters could target.
We have listed below some cybersecurity essentials that you can follow as a series A startup:
Focus on EndPoint security
All of the computers that are online and connected to the network, it could be all your desktop computers, laptops, smartphones, or anything that your employees use to communicate and share data are referred to as endpoint devices.
Your network’s endpoint devices must adhere to a set of security and safety policies, which you establish with endpoint security management. For this you can use any EndPoint protection software Basically, these are installed on endpoint devices to guard against file-based malware, to spot and stop malicious behavior coming from both trusted and untrusted programs, and to provide the investigation and repair tools required to quickly respond to security incidents and alarms.
As a series A startup you can now focus on investing in this type of software rather than depending on employees for company security it will not only provide you a sense of security but also will work as a well-lit alarm system to stop hackers who are mining your valuable data.
Start to build a security team
Secure system design and secure implementation are the two primary tasks that a startup would need to do. Startups with some security experience may wish to model threats against the systems they develop. It would be ideal in that situation to have a staff member who can examine the overall concept even before beginning to write and implement
As a series A startup now it’s time to start hiring security personnel right now you should not think of building a full 8–10 people security team but can focus on having 1–2 security personnel whose main responsibility would be overseeing the overall security strategy and operations of a company.\
As a growing startup, the size of the team is increasing constantly and as you start hiring new employees you now can’t just rely on employees thinking they might have knowledge of cybersecurity this could put your company’s security at a risk.
However, frequent workplace training on the significance of cybersecurity can aid in lowering the likelihood of a breach. Give instructions on how to manage confidential information and how to spot, report, and handle a cybersecurity problem.
Make a requirement that all new hires complete online cybersecurity training. Make training an ongoing process that is updated and repeated frequently rather than a one-time event. This enables you to stay on top of the always-changing cyber threats.
This will instill a sense of shared ownership and responsibility so that the business is protected from attacks brought on by the human factor.
Strong Firewall mechanism
Your internal company network and the rest of the Internet are separated by a firewall, which serves as a barrier or shield. Without a firewall, outside people might be able to access your confidential company assets.
Firewalls examine incoming and outgoing internet traffic to find and stop viruses and suspicious files. It offers constant, 24/7 monitoring to stop unintended malware downloads. Additionally, contemporary firewalls employ intrusion prevention and detection (IDS and IDP) systems, enabling the use of Artificial Intelligence (AI) through the threat-hunting process.
Virtual Private Network (VPN) services are used by many firewalls to provide site-to-site connectivity. Users of remote sites and those using mobile devices can safely access your internal network resources by using this VPN functionality. This improves productivity, teamwork, and information exchange.
DevSecOps Enhances Your Startup’s Speed and Security
DevSecOps’ fundamental goal is to reduce the time your team will have to spend going back and fixing patches in their code for your finished product. As a series A startup you might be now focusing on launching new products as well and you can think of implementing the DevSecOps model in this product as it will bring security practices into the development cycle and will also help in bug prevention.
DevSecOps may clearly help your firm save money, especially in the early stages when resources may be limited. A startup that depends on a successful launch may suffer a deadly blow from an incorrectly released product with a significant security issue. By identifying security flaws before release and enabling you to handle security patches and tasks internally, DevSecOps may even save your startup money in the long run.