3rd December 2024
As technology races forward, so do the cyber threats lurking in the digital shadows. Cybercriminals, ever-evolving and relentless, are capitalizing on increasing reliance on technology.
With each click, each data transfer, and every cloud-stored file, your organization’s attack surface expands, inviting cyber criminals to exploit vulnerabilities. A single breach can lead to catastrophic financial losses, reputational damage, and operational disruption. With the exponential growth of data and the expanding attack surface, safeguarding sensitive information against cyber attacks and ensuring business continuity is paramount.
To safeguard your organization, a robust cybersecurity strategy is imperative.
And what is possibly deemed enough is not.
Zero Trust and SASE are essential, but not sufficient, for security resilience in the face of today’s cyber threats, according to Stephen Young, Director of Cyber Defense Consulting Services at Verizon Business.
This is because different business units have unique applications, processes, and needs. This diversity, coupled with the evolving threat landscape, makes security a complex challenge.
“To truly achieve security resilience, we must go beyond these foundational technologies and implement a more comprehensive strategy,” recommends Young in a guide, released by Verizon Business.
According to the report, around one-third of attacks involved ransomware —something that is still a major concern for 92% of industries, as the cost of an attack can be significant. According to the FBI’s Internet Crime Complaint Center (IC3) ransomware complaint data, the median loss associated with the combination of Ransomware and other Extortion breaches is $46,000 (ranging between $3 and $1,141,467 for 95% of cases).
Vulnerabilities
“The key element to consider is the development of remote working and the hybridisation of organisations, which has redefined the contours of information systems security,” says Steven Gevers, Associate Director, Security Consulting Services for Verizon Business. “It’s critical to have a consolidated view on which parts of your organisation expose you to the biggest risk, so you can spend your security budget where it brings most value.”
Also, it is essential “not to forget the basic security steps—like updating systems and correctly setting up firewalls. By keeping these bases covered, IT teams may not only prevent small security threats creeping in, but they may also avoid wasting money on unnecessary security tools.”
Gevers pointed out that every organisation has its own culture and risk appetite, resulting in a different approach to security.
By Ritesh Gupta, Ai Events
