These days, there are new security challenges in defining risk and vulnerability for companies all the time. It is essential for security personnel to understand these challenges so they can protect their businesses.
Cybercriminals are increasing the sophistication of cyber-attacks, affecting everything from global economics to political elections, and they have recently even taken down banking systems, healthcare systems, and hold many companies hostage with ransomware. Cyber-attacks cost an estimated $400 billion annually for companies, and that number could potentially rise to $6 trillion by 2021.
About 76% of professionals fear they will be victims of cyber-attacks this year. This makes sense, because 4.2 billion data records were stolen from companies last year, and multi-vector attacks increased 322% last year alone. It is also estimated that SCADA bugs now compromise 30% of all vulnerabilities.
Security issues threaten many enterprises because they lack maturity. The first reason for this is that even organizations with the best endpoint security and security firewall technologies cannot extend to combat the different attack vendors. These technologies form a critical part of an enterprise’s security strategy, but are no longer able to deliver the level of protection demanded by today’s requirements. The best cybersecurity measures are an approach and a mindset, not an implementation or technological end-state that evolves and adapts to the value of assets as they shift and the type or level of threat changes.
The second reason is that many enterprises lack appropriate levels of security awareness and preparedness. One reason for this lack of security preparedness is the constant need to evolve and mature security processes beyond their original implementation. Businesses also fail to vet their ecosystem partners for security readiness. Many enterprises maintain inconsistent security processes across the business resulting in deficiencies and gaps. A final reason for this unpreparedness is the lack of transparent security visibility, causing companies to fail to actively monitor and analyze for security threats.
The third reason for businesses’ lack of maturity is that finding cybersecurity professionals with the experience and expertise to manage security technologies has become increasingly difficult. The number of security technologies a typical enterprise has in place is constantly growing in number and complexity, and there is a lack of cybersecurity professionals to fill the required spots.
While training could help offset some of the work and skills shortages, only 60% of employers are willing to invest in security training for a cybersecurity team. Many enterprise security postures lack maturity and it is important for companies to know the three major reasons for this to understand the best ways to combat these problems.
Want to know more about enterprise security postures? Click on the link below to watch a quick video and to download the whitepaper 3 Reasons Many Enterprise Security Postures Lack Maturity
