Today every business irrespective of its size is a potential target for Cyber attackers. With an increasingly mobile workforce, and with cloud-based computing, digital business, and several applications being rapidly migrated to the cloud, there is an urgent need for businesses to improve their Cyber Resilience. Unfortunately, many organizations lack coherent and proactive Cyber Security and compliance strategies and fail to deploy real-time monitoring and remedial measures. There could be a variety of reasons for this including lack of budgets, shortage of skilled Security resources, quick changes in technology and IT compliance and regulatory requirements.
Companies shy away from compliance even as security experts try hard to inculcate awareness about the impact of a cyber-breach. As the cyber security threat looms large, it is imperative that IT and C-level decision makers understand the real threat and risks to a business. In most cases, the actual impact of a cyber breach is felt only when critical data and sensitive files are lost. Therefore, to keep sensitive data secure it is important to move from reactive to a proactive cyber security approach and deploy either an internal team or choose the right security partner to implement managed security and continuous compliance.
Why Managed Security is critical for Businesses?
Companies are used to traditional cyber security practices of Vulnerability Assessment, Penetration Testing, Configuration Audits, etc. that are undertaken either once a year or every six months, in most cases. A conventional piecemeal approach fails to address the latest threat vectors such as APTs, ransomware, phishing and much more, all of which can have a colossal impact on the IT ecosystem.
Most IT teams struggle with the daunting task of managing their security, in the absence of full-time IT Security professionals who possess the technological expertise to assuage risks. Furthermore, today, the need for managed security services is driven by the volley of sophisticated security threats that makes companies turn to MSSPs to manage their data security.
MSSPs stay constantly updated with the latest techniques and technologies and are thus bound to provide 24×7 monitoring of all IT assets, threat hunting, detecting vulnerabilities and quickly resolving them. MSSPs can accommodate an assortment of needs since they have access to a range of security resources. Additionally, managed SIEM solutions help in the detection of malware, ransomware variants, which can have catastrophic effects on the IT landscape if they were to intrude. Businesses can expect proactive protection measures and quick remediation of threats as the MSSP team monitors the company’s IT infrastructure. Ideally, the monitoring will have to be 24×7 which includes weekends and holidays as threat actors are more active during this time.
Need for Continuous Compliance
Security functions, today, are business enablers and should be treated as an organic component of an organization. It is absolutely important to keep up with compliance standards to ensure that your business stays secure. Continuous compliance measures can reduce risks and fortify security incessantly. It not only prevents large scale data breaches but also helps compliance-sensitive companies stay profitable by reducing audit overheads and facilitating long-term amenability.
Businesses following a standard template approach for IT Risk Management, not updating their IT policies and procedures frequently, failing to implement a Business Continuity Plan (BCP) readiness audit, Vendor and 3rd party risk assessment are more vulnerable to IT risks.
The existing standards such as PCI, HIPAA, ISO, GDPR, HITRUST and NYCRR allow organizations to stay compliant, by following all the important regulatory requirements. Organizations failing to comply with these regulations will face significant fines and penalties.
This approach catalyzes immediate detection and response to any type of attack on the system. When coordinated with aggressive forms of data defense, continuous compliance monitoring is extremely effective. There are several functions embedded within continuous compliance such as reconciliation of assets, automating data classification, aligning technical controls, and much more.
Acting faster than the adversaries through Continuous Compliance and Managed Security, by formulating proactive cyber security strategies that can improve overall security posture and keep the IT landscape secure and compliant.