All businesses, no matter the industry they are in, are more connected and digitalized than ever before. Transactions that use the computer will be preferred over pens and paper and most people rely on email.
Due to this, a business has to put a lot of faith into a connected system and there are certain actors who can threaten the security of these systems, no matter how good they may seem. This is where the right cyber security service can come into play.
Some of the benefits that business owners can enjoy when choosing cyber security services include:
Predict Cyber Threats
As many companies try to transition from paper and pen over to computers, there are many security challenges that have shown up. Having the right cybersecurity service in place can provide some insights into the threats that the business will face.
This allows you a place to predict when cyber threats are going to happen. When you know where and when these threats come from, you can make some changes to enhance security and keep the whole system safe and secure.
Ability to Block Cyber Threats
Having an effective cybersecurity service is going to be one of the top tools you can use to prevent cyber threats from getting onto the IT system. As you switch over to being online more, you need to be prepared that attackers will try to conduct fraud and find other ways to get onto the system.
One area that can cause a lot of problems is with your email. Spoofed emails of CEOs, which are simply emails that are designed to look like they come from the CEO of a company, even though they come from a hacker, have been able to trick finance personnel throughout the world to release funds to the wrong people.
In June 2018, the FBI released a public alert that warned about BEC, which had already been able to victimize more than 78,000 businesses throughout the world and cost $12 billion, all through this kind of email scam.
This can cost your business a lot of money. The good news is that with the right cybersecurity service in place, you can block these issues and make it a lot harder for the hacker to get onto the system. These can even be set up to block any extensions that are similar, but not quite the same, as internal emails.
Detect a Cyber Threat and Respond
Being able to predict and block some of the threats that come your way is a good start, but it is not enough. Criminals online are learning how to get more creative and better at their jobs each day. No matter the security you have in place, there is the potential that a hacker could still find their way into your system.
According to the Verizon 2018 Data Breach Investigations Report, it was found that illegal remote POS intrusions often occur in the food and accommodation industries. What is worse, in 96% of the cases, these intrusions were not found until months later.
As this shows, it is not enough to just have security in place. The accommodation and food service industries do have this. It needs to go to the next step and be able to detect the threats that get through and then have an effective way to respond to them.
When the cybersecurity service detects a cyber threat that got past everything, it is time to have it removed and that hole in the system patched up as well. This is another level to consider and with the right team, you can make it happen.
Can Save You Money
A data breach can cost your company a lot of money. When. You look at the amount of money you have to pay back for the damage it does to your customers and employees, deal with the loss in reputation, and handle any of the fines that show up for not maintaining security in your industry, you will quickly find that a data breach is a huge deal.
This is why it is a good idea to work with an effective cybersecurity service right from the beginning. While it will cost a little bit to put the system in place, it will save you a lot of money when you consider the alternative to letting hackers into the system.
According to a study done by IBM, it was found that Canada has the highest data breach direct cost to date, with it costing $81 per compromised record. This is with hundreds of thousands of records to go through.
With how quickly these costs go up and the likelihood that it will not go down any time soon, it is much better to put security in place from the beginning. This can save you a lot of headaches and money in the process.
Run a Cybersecurity Assessment
If you want to make sure that your cybersecurity is up to date and that all potential issues are found as soon as possible, then you need to have a cybersecurity assessment done right from the beginning. This can provide you with a clear blueprint of how to act in the future.
It is hard to know how well a cybersecurity service is working, or even where you need to start with cybersecurity if you have no idea where the common threats to the security of your network come from.
With a good cybersecurity assessment, you can get a closer look at your system. You will find out where potential problems lie, who may cause the issues, and how you can prevent them. This is the best way to come up with a plan that will keep your whole network safe.
Keeping Your Network Safe
Cybersecurity is one of the biggest dangers to almost any business. With all the data that most companies need to collect from their customers, it is always risky if something happens. With the right cybersecurity services, you can keep that information safe while preserving the reputation of your business.
