How Managed Service Providers (MSPs) or Cloud Service Providers (CSPs) are best suited to help clients and prospects overcome these challenges?
We are often focused on bolting on cybersecurity in a hyphened manner. We want everything security-enabled and security-enhanced. Security is not an add-on feature, it is supposed to be the built-in feature. Everyday news and headlines are dominated by cyberattacks and data breaches which are span across all the industries causing cyber security threats. However, these headlines don’t seem to be slowing down anything, which means businesses are still struggling to keep up with the rapidly evolving threat landscape.
So, what are the biggest key challenges or obstacles businesses or enterprises are facing in achieving a stronger cyber security posture, and how Managed Service Providers (MSPs) or Cloud Service Providers (CSPs) are best suited to help clients and prospects overcome these challenges?
5 Ways to Overcome Key Challenges in Cyber Security
As per Cyber security Insiders’ recent report, lack of skilled employees, lack of budget and lack of security awareness among the employees is one of the biggest cyber security challenges for every business.
1. Automate Cyber Awareness Campaigns
According to the telegraph, recently we saw a rise in Business Email Compromise (BEC) scams, and phishing attempts impersonating board levels executives, using phishing PDFs and phishing sites.Every employee in your enterprise has a role to play to ensure your company remains secure. Twitter
A crucial number of the threats begin with a single employee opening a malicious attachment or clicking on a phishing email. Each and every employee of the firm has a role to play to ensure your company remains secure. They should be delivered with educational training to help employees understand your company’s security posture. Explain to your employees where your company is strong and weak. The training should include what to look for in a malicious email, what to do and not do with an email they are not expecting and how to recognize suspicious content.
2. Implement and integrated approach
Businesses for a better understanding of their cyber risk posture should incorporate cyber security habits into the entire organization. Cyber Security is a challenge for almost all the businesses primarily as it comes with multiple layers. A huge percentage of known breaches involve stolen and leaked credentials of an ex-employee. And at this time, even investing in high-quality, expensive cyber security suites or firewalls won’t be worthy, as the company will fail to address employee naivety of basic cyber security analytics essentials.
Successful businesses transform their cyber security strategy by giving it due consideration and strategizing it with core business objectives. A deeper understanding of known and unknown threats from a business perspective, critical information regarding business on how to implement digital security effectively.
3. Real time information sharing
Understand that hackers are always one step ahead of the curve in cyber security. No matter how good your defenses are, they will breach at some point in time. So rather waiting for the inevitable time, it is suggestible to be prepared for it. Boost your disaster recovery and business continuity metrics – so if anything happens, you can return to normal functionality as early as possible.
Cyber security systems should keep up with the increasing speed and volume of internet traffic. Usually, there are long lag times in addressing cyber security issues and criminals take advantage of it. Cybercrime comes with no borders, a world which is interconnected by digital technology, cyber security and global security are the same thing.
4. Widespread collaboration in Cyber Security
Effective cyber security should be deeply and widely collaborative. Collaboration enables the security experts to create a hive mind, to learn and expand the competency and capacity constantly. Wide spread collaboration means to include everyone in a broader conversation about cyber security and create knowledge repositories which are part of our editorial operational systems. To collaborate on threat intelligence sharing and collaborating on education. The more we talk about the importance of cyber security the more knowledge is shared.
The estimated cost of damage caused by hackers, malware and data breaches is projected to reach $6 trillion by 2021.
5. Regularly Report and Review
It is imperative to use the best practices and tips, but one of the ways to keep updated yourself is through regular reports and reviews of your current systems and servers. It will help you to ensure that you are moving in the right direction. And it will save your millions in legal fees as well that can come along with e-commerce security threats.
In a climate permeate by lack of trust and poor cooperation among established industry leaders, the only winners are cybercriminals. Cloud and data security should, therefore be a collaborative effort across all the businesses and departments. Once the employees are familiar with the process of protecting the business, the first layer of the defense becomes more secure