Hardly do we come across days where cybersecurity threats fail to make catastrophic impressions and the organizational CISOs have very little brainstorming to do. Based on reports released by high-profile newsmakers, cyber-attacks are expected to have impacted a minimum of 143 million customers.
That said, the amplifying nature of cyber-attacks and data breaches owe a lot to the existing myths and misconceptions. More often than not, organizations succumb to these threats courtesy their inability to analyze and process the necessary information. While it is good to clear out the misconceptions regarding online security and privacy, it is imperative to get the facts right before dealing with a breach, threat or even a security incident.
Myth 1: Criminals Primarily Target Large Businesses
Fact: There was a time when small businesses were immune to cyber-attacks courtesy lack of financial reserves and sophisticated entrepreneurial frameworks. However, the modern-day scenario has changed, and today, a lesser known brand name isn’t sufficient to deflect the lingering threats away. SMEs are now the preferred industries to hack as they have limited safety measures in place. If reports and studies are to be believed, almost 75 percent of global cyber-attacks are targeted towards the smaller enterprises. The condition is slowly worsening and it is high time that small businesses get rid of this impairing cybersecurity myth and concentrate on the necessary cybersecurity implementations.
Myth 2: Updated Software Serves the Purpose
Fact: Although it is necessary to keep the software modules updated, organizations must also prepare themselves for the self-mutating attacks. Most modern-day cyber threats come with multiple vulnerabilities, and therefore an enterprise must look for all the existing patches when it comes to handling the software-centric security flaws. Quite recently, Microsoft patched around 62 security flaws related to Microsoft Edge, Internet Explorer, Windows OS, Skype and even the ‘Office’ package. Not just that, Microsoft flagged two vulnerabilities which are at a higher risk of sabotaging users’ online privacy.
Myth 3: Protecting the Organization is Enough
Fact: While protecting the concerned organization is essential, it is only a small part of the entire business continuity strategy. Off late, majority of cyber-attacks involved multiple entry-points which aren’t directly related to the organization. Therefore, the modern-day scenario urges the CISOs to concentrate equally on the functional ecosystem, business subsidiaries, and strategic partners as vulnerabilities can creep in via diverse avenues. There are times when the weakest security links extend way beyond the digital and physical walls. That said, it is important to absorb cyber-attacks by protecting the entire business instead of concentrating solely on the concerned organization.
Myth 4: Cybersecurity is only an IT Department’s Headache
Fact: It is important to consider and analyze the existing risk levels, associated with the operational and physical areas of an enterprise. Although the IT department formulates the technical aspects of organizational security, staff and management are equally responsible when it comes to implementing a robust and unified security posture. Every department must work in cohesion towards drafting a well-researched cybersecurity plan. While the IT department formulates the policies, the management supports and stresses upon the same for a company-wide implementation.
Myth 5: Cybersecurity Programs are Expensive
Fact: Risk mitigation via a reliable cybersecurity service provider is quite cost-effective with a host of endpoint security and managed solutions, onboard. Seqrite is a trusted security service provider that offers robust security solutions along with prompt IT support for enterprises. It’s product portfolio includes Endpoint Security, UTM, encryption and mobile device management. Needless to say, a functional yet reliable security service provider comes forth with dynamic and comprehensive threat prevention schemes without going overboard with the budget. The state-of-the-art security approach offered by Seqrite is a true value for money.
Majority of cybersecurity threats emanate out of planning inadequacies, lingering misconceptions, lack of expertise and budget constraints. As most of the cyber-criminals thrive on the existing organizational myths, it is important that CISOs eliminate the same by understanding the facts and addressing them with urgency.