Running a business can feel like a non-stop race in a highly competitive marketplace, leaving little room for error. Manual processes and human mistakes can make your business an easy target for cyber threats. With automation, you can breeze through mundane tasks, convert data into powerful insights, and be prepared for any looming risk.
To make a case for cybersecurity automation and help you run a more secure and efficient business while ensuring customer satisfaction, let’s examine the realities, risks, and opportunities in today’s digital landscape.
The biggest security risk businesses face is lost or stolen data.
Data is a critical asset in the digital age, and businesses rely on it for their operations, decision-making, and competitive edge. However, data can also be a liability if it falls into the wrong hands. Lost or stolen data can cause severe and lasting damage to a business’s reputation, finances, and legal obligations. For example, a data breach can result in lawsuits, fines, and lost revenue due to customer churn. It can also lead to losing trust and credibility among stakeholders, which can take years to regain. Therefore, businesses must prioritize data protection as a fundamental security strategy.
Worldwide data creation to surpass 180 zettabytes by 2025.
The amount of data being created worldwide is staggering and only increases with each passing day. By 2025, experts predict that the total amount of data produced will exceed 180 zettabytes. The proliferation of connected devices, the Internet of Things (IoT), social media, and other digital platforms fuel this growth. While this data can be a valuable resource for businesses, it also presents significant security challenges. The more data a company generates, the greater the risk of data breaches, cyberattacks, and other security incidents. Therefore, businesses must take a proactive approach to data security and ensure robust safeguards to protect their valuable data assets.
Skills shortage in cybersecurity necessitates automation.
The need for cybersecurity professionals is a significant challenge for businesses worldwide. According to some estimates, a global shortage of 3.4 million cybersecurity workers exists. The demand for these skilled professionals is expected to continue to rise. This shortage means that many businesses need help finding and hiring the talent to manage their cybersecurity effectively. Automation can alleviate some of this pressure by streamlining tasks, reducing manual errors, and freeing up human resources for more strategic work. However, businesses must avoid introducing new or complex staffing requirements through automation, which could exacerbate the skills gap and create additional security risks.
Ransomware turns assets into liabilities until paid.
Ransomware attacks have become a significant threat to businesses in recent years. In a ransomware attack, cybercriminals gain access to a business’s network and encrypt its data, making it inaccessible to the company. The attackers then demand a ransom payment for the decryption key to unlock the data. This threat can damage businesses, turning their digital assets into a liability. Moreover, paying the ransom is not a guaranteed solution, as it may not result in the return of the data, and it may even encourage further attacks. Therefore, businesses must have robust measures to prevent, detect, and respond to ransomware attacks.
Efforts to patch can’t prevent all compromises.
Despite businesses’ best efforts to maintain security, cyberattacks can still happen. Attackers are always looking for new vulnerabilities to exploit, and the attack surface is constantly expanding due to the proliferation of new technologies and devices. Even with the best efforts to patch devices and applications, there will always be at least one compromised account, employee, or system. Therefore, businesses must have a comprehensive security strategy that includes continuous monitoring, threat detection, and incident response.
Insider threats are the most dangerous of all.
One of the most dangerous threats businesses face is insider attacks. Malicious actors have learned to turn employees into insider threats by exploiting vulnerabilities such as weak passwords or lack of security awareness. Once attackers gain access to a business’s systems, they can cause significant damage by stealing data, introducing malware, or disrupting operations.
Strong security measures, such as access controls, monitoring, and regular security awareness training for staff, protect against insider threats. They also need to ensure that staff is trained to recognize and report suspicious activity and encouraged to speak up if they have security concerns.
Expanding attack surface from cloud services and remote work
The COVID-19 pandemic has had a significant impact on cybersecurity. With more people working remotely, businesses have had to adapt to new ways of working, which has resulted in a more complex and fluid attack surface. This change has made it more difficult for businesses to protect their systems and data from cyber threats.
VPNs, firewalls, and multi-factor authentication, manage the risks associated with remote work. They also need to ensure that staff is trained to recognize and avoid phishing emails, often used to deliver malware. Regular vulnerability scans and security audits can also help identify and address system vulnerabilities.
Safeguard Your Business with Security Automation
Investing in security automation is the way to go if you’re looking to safeguard your business from potential cyber attacks. But, to ensure you don’t end up with more work and additional staffing costs, a cybersecurity partner with niche-level expertise is crucial to deliver the desired outcomes. With the value and volume of data continuously increasing, it’s becoming more challenging to protect it without automation. Don’t wait for a cyber attack to hit your business – consult a UDT cybersecurity expert today and implement automation to safeguard your business data.