“You’re only as strong as your weakest link,” applies to cybersecurity, when DNA testing firm MyHeritage suffered a breach of user login credentials of around 92 million people on October 26, 2017.
Just when the industry was recovering, in June 2019, Ticketmaster faced a similar situation by losing login and payment information of around 40,000 people.
Today, hardly a day goes by without hearing another data-breach incident from the media!
Recent studies showed that nearly 20% of customers lost interest in spending money at a retail shop if the business had been breached. Can you imagine that?
That said, breaches of all sizes have horrible consequences.
Not only are businesses affected financially, but their brand value is also affected eventually!
Thus, it is crucial to know whether or not your business info is being leaked on the Dark Web!
It’s about time you scrutinize your cybersecurity and understand who’s to be blamed for such data breaches?
How Business Budget Plays a Crucial Role?
Financial losses to frustrated customers are confirmed results of a data breach, putting the whole business in jeopardy!
There are several reasons for this, including the fact that security is included in the broad IT budget.
This budget highly prioritizes the cloud, digital transformation and IT projects, while security implementation only constitutes a small part of it.
It’s hard for CISOs (Chief Information Security Officers) to involve security in the provided budget, especially when they cannot guarantee their organization will not suffer a breach.
According to experts, it is difficult to safeguard enterprise proprietary data with a limited IT budget.
CISOs find it a tough job looking for skilled professionals to secure business operations and provide solutions that deliver results.
From a business perspective, this sounds right! After all, why would you invest in a ship that might sink ahead anytime!
Sensible business protocol says that you should only invest when the ROI (Return on Investment) is considered satisfactory.
Why is Security Breach Unavoidable?
Majority of CISOs believe that breaches are inevitable! So, how certain are these facts?
Digital transformation increases the probability of an attack, providing cybercriminals more opportunities to exploit weaknesses and breach data.
Surging number of applications deployed in the cloud, increasing mobile workforces, and the growing use of multimedia channels increase the risk of business data breaches.
Threats are difficult to identify and prevent in the first place, especially when a malicious insider supplies sensitive data to an outsider, perhaps the hacker himself?
Thus, making employees aware of cybersecurity dos and don’ts is of foremost importance.
Right Questions Lead to Right Decisions
“Can I prevent a cyber attack?” isn’t the right question in the first place!
So what’s the right question? Well, if attackers and hackers are likely to increase, then the crux of the issue lies in whether a business can efficiently detect an attack and respond to minimize its impact!
Thus, “Prevention is better than cure,” might not work as promptly as it should.
When it comes to highly sought after targeted plans, detection and timely response should become your only friends.
Getting your security protocols to trigger at the right moment to safeguard your perimeter and the security team to address any attempt to interfere with your enterprise’s network, is of prime priority.
With Xperteks, cybersecurity in NYC is a one-step low-cost solution.
We provide secure cloud VPN and networking, security orchestration and response, cloud firewall, real-time threat protection, and ZeroTrust technology.
Call us to protect your business today at 212-206-6262.