Importance of Having a Good Cybersecurity Partner

June 27, 2020

Information accessed without authorization is called a data breach. A broader definition can be - a security incident in which sensitive, protected, or confidential data is copied, transmitted, viewed, stolen, or used by an individual unauthorized to do so.

Intellectual property, personal health information, personal identity, credit card/bank are the most sought-after details by criminals. People behind these data breaches can be black hats, national governments, political activists, a disgruntled employee, and a few others who do it do it for fun too.

Data breaches can badly hurt a business. A real example is Yahoo. Yahoo's affirmation that all its 3 billion user accounts were impacted by data breaches dented their reputation back in 2013. The valuation of Yahoo plummeted to the bottom, and sadly this is something that could have been prevented with an appropriate cybersecurity plan. A data breach not only affects companies’ reputation, but also that of its clients/consumers. Credit card details, health records, personal data, and other valuable pieces of information are constantly stolen and misused by cyber criminals. 

Every organization/firm/individual who is on internet is a target, so taking action is critical. Criminals can get access to your data from junkyards as lots of people get rid of their old hardware without wiping the data, exposing their information without knowing. This is something everyone should pay close attention to.

Here are a few stats

  • 94% of malware is delivered via email
  • Phishing attacks account for more than 80% of reported security incidents
  • $17,700 is lost every minute due to phishing attacks
  • 60 percent of breaches involved vulnerabilities for which a patch was available but not applied
  • 63 percent of companies said their data was potentially compromised within the last twelve months due to a hardware- or silicon-level security breach
  • Fileless attacks are on the rise
  • Data breaches cost enterprises an average of $3.92 million
  • 40 percent of IT leaders say cybersecurity jobs are the most difficult to fill
  • Read more here

Attack vectors:

  • Email is the driving vehicle for most of the attacks. Majority of attacks start with a phishing email
  • Known or unknown vulnerabilities
  • Fileless attacks
  • Attacks on IoT devices
  • Weak Passwords
  • Outdate software or applications

Safeguarding the data:

  • Clean the hard disk before disposing it.
  • Use strong and long passwords
  • Use multi factor authentication (MFA)
  • Use secure URLs (https)
  • Have a good backup policy
  • Use good Antivirus and Antimalware software
  • Have a robust cyber security plan
  • Make staff cybersecurity aware

Benefits of a Cybersecurity Plan:

As previously mentioned, recovering from a data breach or a cyberattack is extremely hard. A company without a cybersecurity plan is more vulnerable to attacks, and therefore to exposure. There is no silver bullet when it comes to this. But having a good plan in place will help mitigate the damage.

Lots of companies cannot afford a full-fledged security team. Even If they could, finding the right cybersecurity professionals it not easy, and neither is retaining them. Here is where a cybersecurity partner can play a huge role.

Major benefits of having a good CyberSecurity partner:

  • Keep business safe from cyberattacks.
  • Identify all the weaknesses in your network and create an action plan to plug the loopholes.
  • Help companies with their compliance requirement.
  • Update systems with latest available patches.
  • Detect and remediate cybersecurity issues.
  • Provide cybersecurity awareness training.

Theta432 can help you address all your Cybersecurity needs.  We assess networks and protect it where they need it the most prioritizing the attack surface. Learn how we can help and Get Started Today!

Authored by

Basheer Ahmed Khan

Theta432 Director of Operations, India