The COVID-19 pandemic has changed everything about the world as we know it. Just as we started embracing new practices like sanitizing, social distancing and remote working, the pandemic has also forced us to embrace systemic changes in the ways we deal with cyberthreats. In 2021, the FBI’s Internet Crime Complaint Center received 847,376 complaints from the Americans, up 7% from 2020, and the potential losses for these complaints exceeded $6.9 billion.1
Since remote working is here to stay, the trend of increasing cyberattacks is expected to continue well into the future. Moreover, business technologies are also transforming, attracting more cybercriminals to target business data. In these circumstances, the best solution is to build your cyber resiliency and protect yourself from unforeseen attacks.
Cybersecurity has always been a challenge for businesses with sensitive data. A single unexpected breach could wipe out everything and put your existence in question. With the sudden transition to remote working, this challenge has increased for security teams. From the potential safety of the remote working networks to trivial human errors, there are endless ways in which your IT network could be affected when employees are working remotely.
In a recent study, nearly 20% of organizations said that remote work contributed to their organization’s data breach, which ended up costing companies $4.96 million, 15% more than the average breach.2 Also, detecting breaches early is another big issue for IT security teams. In 2021, it took an average of 212 days to detect a breach, and an average of 75 days to contain one, for a total lifecycle of 287 days.2 Is your cybersecurity posture good enough to withstand a potential attack?
Cyberthreats come in different shapes and forms. From simple spyware monitoring your network transactions to a full-fledged ransomware attack that holds all your critical data for ransom, there are multiple ways in which your IT network could be affected. Only when you get an idea of the potential risks surrounding your IT infrastructure can you build a resilient cybersecurity strategy that enhances your IT environment and keeps vulnerabilities at bay.
Security readiness is something all organizations must focus on irrespective of their size. It is mandatory to have an action plan that outlines what needs to be done when something goes wrong. Most importantly, it is critical to have a trusted MSP partner who can continuously monitor your IT infrastructure and give you a heads-up on usual activities.
Investing in cybersecurity solutions is way cheaper than losing your critical data or paying a large ransom. You need to deploy advanced solutions that can keep up with the sophisticated threats of this modern age. Then, there is a list of best practices such as multi-factor authentication, DNS filtering, disk encryption, firewall protection and more.