In the past year, businesses opted for cyber security enhancements above other investments due to threats posed by proliferatingcyber-attacks. These attacks not only pose athreat against a company’s sensitive information, but also threatens the entire IT infrastructure, business processes and continuity. Kaspersky’sannual report revealed that business’s investment on cyber security had grown from 23% in 2019 to 26% in 2020. Moreover, spending on cyber security has increased from 26% in 2019 to 29% in 2020.
Enterprises are seen making significant investments on cyber security despite the overall IT budget cuts. Pandemic has given rise to new and sophisticated threats that has opened doorwayswhich could potentially cripple companies into bankruptcy. Cyber criminals have capitalized on the instincts of fear and uncertainty brought about by the pandemicto give flight to their credential harvesting expeditions. These expeditions cost businesses in excess of billions of dollars. Cybersecurity Ventures reported that cybercrimes are projected to incur $6 trillion in collective losses to companies annually by 2021.
The remedy to these threats is to make your company cyber resilient. Being cyber-resilient implies a company’scapability to counterattackor manage a cyber-attack whilstoperating the business in seamlessly. In practice, cyber resilienceinvolves taking active precautionary measures against cyber threats and curbing human errors and software - hardware vulnerabilities. Therefore it could be said that the 3 pillars on which cyber resilience rests are the people, procedure and the process.
Establishing A Cyber-Security Culture Within the Organization
In the past year, post pandemic restrictions instated by authorities made the employees transition to wards remote working, overnight. The Bureau of Labor Statistics reported that only 29% of Americans worked remotely before the pandemic and the Buffer reported that now 99% will chose to work remotely for the rest of their lives. This new adaptation poses greater cyber security risks on enterprises. The onus of, securing and maintaining cyber security has fallen on the hands of regular employees rather than on in-house tech specialists. Unfortunately, end-users are often insufficiently trained and empowered to protect against sophisticated cyber-threats. Moreover, businesses fall victim to cyber-attacks in attribution to vulnerabilities associated with week protocols, phishing scams and insecure passwords triggered by remote workers.
As the old saying goes, ‘knowledge is power, establishing a cyber-security culture where employees are made aware to take both proactive and reactive measures in the face of vulnerabilities and cyber-attacks is the most viable solution to curtail cyber threats. Acknowledging the vitality of the human aspect to cybersecurity, CSG Technologies priorities in educating office staff as a part of its managed services
Implement an Incident-Response Plan
An incident respond plan is a term stitched to define a well-rounded plan set up to monitor and manage a network system following a cyber-security breach. This helps to identify, eradicate and achieve a speedy recovery from cyber-attacks. We at CSG technologies help businesses to conduct risk assessments and implement disaster recovery strategies that forms the foundations of a holistic business continuity plan. These services not only help enterprises to identify threats beforehand but it also helps to avoid downtime and secure a robust network system.
Conducting Cyber-diagnostic Assessments Attuned to Sophisticated Technology Utilized by Threat Actors
Recent studies unveiled that threat actors now use more sophisticated tactics to bypass business network systems. Their methods are capable of resisting basic cybersecurity defense systems that leverage AI and Machine Learning Technologies. Therefore, it is imperative for businesses to conduct a comprehensive cyber diagnosis assessment which are braced to combat high tech attacks. An ideal, on par assessment, includes assessments pertaining to email cyber-attacks, network and endpoint cyber-attacks, vulnerability scanning, spear-phishing campaigns, and penetration testing. These assessments should be conducted by non-other than savvy professionals. Our team of IT professionals at CSG Technologies are well versed and multi experienced in providing agile and current cybersecurity solutions to enterprises.
Enact a Round the Clock Monitoring, Detection and Response System
Adopting a round the clock, robust monitoring, detection and response system is essential to enhance and fasten a company’s cyber resilience. This helps to keep all cyber incidents such as email systems, network systems, software applications, information endpoints, which are prone to security breaches, in check. CSG Technology provides Managed IT services to conduct 24/7 network monitoring, detecting and response systems. We provide well-rounded and precise reports which help detect the security position with respect to your company’s cyber incidents. Furthermore, we tailor these reports in a way to meet requirements of your entire staff.
To find out more about our managed IT services, contact our experts today.