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There’s no questioning that Cyber Security has become a topic of utmost importance for individuals and businesses of all sizes. But with its ever-increasing complexity, it’s become difficult to keep track of what all the concepts and terminology means. Here are some newer terms that you’ll find frequently in the industry today, and how they may impact your business and your ability to obtain a Cyber Security Insurance Policy from your carrier.

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Anti-Virus and Anti-Malware are softwares installed on a computer with the ability to detect and quarantine files that have been infected with computer viruses and/or malware. The software must be regularly updated to maintain its database of the most recent threats.

The process of using cryptographic algorithms and keys to enhance the security and privacy of data and systems. Encryption is primarily found at the file, operating system, and hardware levels. Encryption brings assurance that data is safe in the event that it is stolen or lost in transit (think a lost or stolen laptop).

Endpoint Detection and Response (EDR)
Working in conjunction with NGAV, EDR provides detailed, real-time visibility into the activity on your computers and endpoints. Data is recorded and analyzed with advanced analytics to identify suspicious and/or malicious indicators.

A network security device that can monitor and filter inbound and outbound network traffic. It’s basically a barrier between a private network and the public internet.

Governance, Risk and Compliance (GRC)
A concept around which a company can align their business goals, IT strategies, and risk management. GRC helps to ensure that risk is measured and compliance to internal and external policies and regulatory requirements are achieved.

Malicious software or files that is designed to damage, disrupt or achieve unauthorized access to a computer or data.

Managed Extended Detection and Response (MXDR)
MXDR is a fully managed cybersecurity solution utilizing a team of highly trained personnel working with a wide range of capabilities to hunt, detect, respond and remediate threats on a 24x7x365 basis.

Multi-Factor Authentication (MFA)
Sometimes referred to as Two-Factor Authentication, MFA is a secondary credential verification method by where in addition to a user’s password, an additional form of identity confirmation is used, often in the form of an additional code to be entered. The code can be received by text, email, authenticator app or token.

Next-Generation Anti-Virus (NGAV)
Beyond the traditional Anti-Virus Software, NGAV takes it a step further by incorporating a more system-centric approach with machine learning and behavior analytics into the cloud with the ability to address many of the modern threats.

Phishing is the act of sending fraudulent emails, texts and other forms of communication in order to entice recipients to divulge personal information or conduct unwanted behaviors.

Secure Access Service Edge (SASE)
SASE is the unifying of multiple network access and security solutions into one platform. It allows access to data and applications which may be located on both local and cloud environments from anywhere based on Zero-Trust principles, with the same level of security.

Security Information and Event Management (SIEM)
SIEM is the platform for collecting, categorizing and analyzing cybersecurity information from multiple data sources. It contributes to a mature decision-making process when it comes to decisions around cybersecurity for any organization.

Security Awareness Training (SAT)
All good Cyber Security initiatives begin with the education of the end users of technology. An SAT program brings intentionality to the training of staff on what types of threats exist, how to detect them, and what actions to take (and not take) when you see them.

The potential for a person or thing to accidentally trigger or intentionally exploit a specific vulnerability.

Threat Actor
Any person or entity that intentionally causes harm utilizing the digital world. Threat Actors exploit weaknesses and vulnerabilities in a company’s technology in order to cause disruption and/or conduct criminal activity.

A type of Malware, a Virus is typically a piece of code which can replicate itself to cause damage and/or destruction of data and systems.

A flaw or weakness in system security procedures, design implementation, or internal controls that could be exploited (accidentally or intentionally) which results in a security breach or violation of security policies.

Zero-Trust is a security framework which, regardless of being in or outside the company’s network, requires all users to authenticate with mandated credential management methodologies before being granted access to any applications or data. In essence, trusting no one.

As a reputable MSP, Digital323 knows the security needs of organizations and industry best practices to keep your IT functional, stable, and secure.

Contact Digital323 to make sure your cyber security plan is air tight!