Digital hacking continues to become a more advanced problem as the age of the internet progresses and new technologies are introduced. From the theft of credit card information all the way up to wide-scale corporate data theft, hackers have contributed heavily to the fear and danger that many experience when using the internet. In recent years, hackers have breached network security in an attempt to steal or damage everything from financial data to election tallies, and organizations in the business world around the globe have been negatively affected as a result. 2020 has hosted entirely new challenges for businesses as the world strives to cope with a global pandemic that many hackers seek to exploit. Churning out spam email with bitcoin ransom demands, these hackers have created new problems that even the World Health Organization has had to endure, and those businesses with employees working from home are now susceptible to a new breed of data theft making the need for cybersecurity solutions tantamount to the success of their organizations.
Advancements in technology have enabled organizations to do more than ever, especially in the digital space. But along with the good comes the bad, and those with negative intentions know how to target your organization’s most sensitive areas. Your email is often a weak link when it comes to security because it constantly travels in and out of your organization’s network, leaving it vulnerable to attack by way of viruses and other malware, ransomware, and phishing attempts. With a lack of email security, your business is left open to these attacks – but implementing reinforced email security controls can protect your email, your employees’ email, and ultimately your data from unauthorized use.
Cloud security has become an extremely important tool as digital cloud storage solutions enables businesses to share data remotely with global employees, business travelers, clients, and other authorized users. But how is it protected within your business? Cloud services such as OneDrive or Dropbox have security built into their design, but in many scenarios, this isn’t enough to provide adequate protection to suit your organization’s security needs. Cyber-attacks have plagued businesses for years, and have recently created significant problems for companies that have numerous employees working remotely from their homes as a result of the global pandemic. The need for cloud security has increased drastically with these additional access points being opened up across cities and countries, and without the proper protection, security breaches are imminent. Your data requires advanced protection when it leaves the confines of your network, and there are many cloud security solutions that can help to provide the necessary armor.
Security Information and Event Management (SIEM) has become a vital part of security strategies for all growing businesses. It might be one of those things that you’re aware that you need but are not sure why. Or perhaps, you’ve never heard of it at all. Wherever you stand with your knowledge about it, you aren’t alone. This beginner’s guide will define what Security Information and Event Management (SIEM) is, outline its benefits and highlight its importance to your business.
Network security is one of the most important considerations that should be addressed when setting up a business network. Network security refers to the policies, methods, and strategies established by network administrators to protect a network from unauthorized access or attempts at compromise by cyber criminals or other malicious individuals. With businesses increasingly conducting their transactions online, the costs of a network compromise or data breach can be quite significant; in 2019, the average cost of a data breach was $3.92 million. In addition to financial losses, businesses may also face a loss of customer confidence as well as legal consequences in the aftermath of a data breach.
The rate, as well as the effects of data breaches, have increased significantly over the past several years as businesses conduct their transactions online. In addition to data loss, businesses often incur financial losses as well following a successful data breach. In 2019, the average global cost of a data breach to an organization was $3.92 million representing a 1.5% increase from the preceding year, 2018.
Cybercriminals and other malicious actors are continuously on the lookout for ways to penetrate and compromise private business networks. They devote their time and resources looking for weaknesses within the network security system that can be exploited. Once found, these weaknesses are used to bypass the network security system in place and penetrate the network, thereby enabling the cybercriminals to steal private data as well as cause other forms of havoc. As businesses increasingly conduct their activities digitally, the risk of data breaches has grown exponentially. In 2019, there was a 54 percent increase in the number of successful data breaches compared to the preceding four years.
Over the past few years, businesses have become increasingly aware of the need for cybersecurity. With more transactions being conducted online across the internet, businesses transmit and receive large volumes of data daily. These data have become a tempting target for cybercriminals who spend their time and resources devising strategies to access the data by compromising private business networks. As a business owner, one of the ways to secure your business network is by using Security-as-a-Service (SECaaS).
In 2020, with businesses increasingly becoming more technologically advanced and conducting their transactions online, the rate of cybercrime is expected to increase. With lots of personal and confidential information being stored digitally, cybercriminals will make greater attempts to access this data, using more sophisticated as well as advanced tools and strategies.
Just like a computer virus, the coronavirus disease (COVID-19) is rapidly spreading. This global Pandemic, as declared by the WHO, is impacting businesses everywhere. But, just because your office is dark, doesn’t mean your company is. You’re still focused on keeping your business going and your employees healthy.