September 2016 was a dream month for a 20 year old Indian student. Facebook awarded $16,000 to him. Yes, you read that right. A young Indian student discovered a bug on Facebook which reportedly had the potential to easily trespass into other people’s Facebook accounts without their knowledge or approval which may lead to bring down Facebook. The youth was awarded a cash prize of $16,000 for identifying the flaw & saving the brand from security breach.
Cyber threats are even scaring the tech giants in the market place. All the Global Fortune 500 companies are reshaping their security posture to protect their data. Some firms have found the right strategy to secure their infrastructure; but many have not still sorted the threat puzzle. This blog can help an enterprise to jot their cyber security strategy.
Steps in boosting your enterprise cyber security
At first, one has to identify the enterprise’s vulnerable points where the attacker can exploit the system. To secure an IT enterprise, it is important to understand the various attacks that can be made against it and find suitable solutions to thwart the attacks.
All the attackers do not have the same intention when they attempt to breach your security boundary. Each and every attack have different motives.
Targeted Cybercrime, Malware, Privilege Misuse, Social Attacks,
Advanced Persistent Threat are the major forms of security breaches.
This security threat is not only for any specific industry but for each and every industry for various reasons. So, to identify your weakness and save yourself from the attacks you need an industry expert who can take care of your entire cyber security system.
What can you expect from a cyber security expert or partner?
Intrusion detection & Attack mitigation
An intrusion detection system (IDS) is a device or software application that monitors a network or systems for malicious activity or policy violations. Any detected activity or violation is typically reported either to an administrator or collected centrally using a security information and event management (SIEM) system. A SIEM system combines outputs from multiple sources, and uses alarm filtering techniques to distinguish malicious activity from false alarms.
Lower downtime after security attack
Kaspersky Lab research finding reveals that on average enterprises pay US$551,000 to recover from a security breach. SMBs spend 38K. This is direct spend required to recover from an attack.1 Downtime has a nasty repercussion on the business, as it is the most expensive consequence of an attack: up to 1.4 million USD for large businesses. Downtime has a direct relationship to lost business opportunities and leads to damage to brand reputation. A valuable security partner will ensure that downtime is minimized and security threats are contained immediately (in minutes)
Improve security posture
A cyber security expert can detect external threats and advanced persistence threats in real-time, and will accelerate incident investigations to identify and report on cyber-attacks with advanced visualizations and analytics. They will also have a predictive/ proactive security monitoring capabilities.
The age old proverb – ‘Prevention is better than cure’ holds good for the topic Cyber security. If your enterprise needs a cyber security partner to boost your security posture, hire them before it is too late. One thing is certain - the cost incurred from a security breach is always higher than the money spent to safeguard your system.
Check this infographic to learn more about Cyber Security in today’s world.