Protecting your business in the digital age

Protecting your business in the digital age

Data is often referred to as “the new oil” that now plays a major role in shaping economies around the world. In today’s digital world, around 85 percent of organizations view data as one of their most valuable assets.

In 2010, IDC calculated that the world had created around 64.2 zettabytes (ZB) of digital information and Seed Scientific estimates that by 2025, the amount of data generated each day is expected to reach 463 exabytes globally, for a total of 175 zettabytes!

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However, while harnessing the power of data has been recognized as one of the greatest opportunities for any organization, it also presents one of the greatest business challenges when it comes to security.

Dramatic rise in cybercrime under Covid-19

Since 2020, with the accelerated digitization efforts resulting from the pandemic, the digital security landscape has become enormously complex. With the rapid shift to the cloud and remote workforces, 2021 was a record year for cyber attacks. Records indicate that there were threats more pervasive and hostile than ever. The FBI recorded a 300 percent increase in reported cybercrimes last year and businesses saw 50 percent more attacks per week in 2021 compared to 2020.

In 2021, 36 percent of data breaches involved phishing, a significant increase from 22 percent in 2020. The FBI calculates this trend as a 400% year-over-year increase in phishing attacks since 2019.. It is also estimated that an average of 30,000 websites are hacked every day, that a company is the victim of a cyberattack every 39 seconds, and that 64% of organizations worldwide have experienced at least one form of cyberattack.

With cyberattacks and data breaches set to persist for years to come, deciding how best to manage data security is now at the forefront of board-level discussions. According to Cybersecurity Ventures, global spending on cybersecurity products and services will reach a cumulative $1.75 trillion over the five-year period from 2021 to 2025, as companies build an arsenal of tools, people and infrastructure to collect, protect and analyze data. But big data analytics soon becomes a waste of resources, with ever-increasing amounts of data collection and processing putting increased pressure on cybersecurity teams and the systems they use.

Rapid growth of managed security services

All of this leads to a potent mix of security needs and challenges that requires highly trained security professionals with a constant focus on ensuring business-critical data is adequately protected. Fortunately, cloud services are in a unique position to handle the challenges of technical reach and scalability, but a severe shortage of security-focused professionals makes security teams much less accessible.

In fact, demand for managed security services is on the rise and the global market is forecast to reach $46.4 billion by 2025. As companies look to ease the burden on internal IT teams and redouble their focus on strategic business initiatives, having access to an expert external support infrastructure can build strong foundations in total data security, while avoiding the expense and the risk of building internally. solutions

Four Critical Aspects of Managed Security Services

24/7 access to highly experienced certified security engineers, customizable solutions, and enterprise-class security services can protect every element of an organization’s data. You can bring waterproof data security to enterprise businesses, through the following four fundamental mission-critical capabilities:

1. Continuous risk scanning

Continuous risk scanning provides deep, contextual risk analysis to prioritize vulnerabilities and minimize an organization’s “attack surface.” Tracking vulnerabilities and assessing their relative risk as part of an organization’s security strategy is critical to identifying, remediating, and reporting security vulnerabilities in systems and networks.

2. Managed firewall

The rapid growth of disruptive cyberattacks and highly distributed workforces are causing organizations to rethink the tools they use to monitor and control data entering and leaving their infrastructure.

Next-generation firewall services feature advanced threat protection, network antivirus/antimalware, intrusion detection and prevention, web/content filtering, and secure remote access. Additionally, managed firewall services include monitoring and alerting, support and maintenance, and reporting and metrics.

3. Managed SIEM (Information Security and Event Management)

While some security solutions monitor certain systems or applications; “Security Information and Event Management” (SIEM) solutions provide visibility across heterogeneous and distributed endpoints and infrastructure components for real-time monitoring to reduce mean time to response (MTTR). This includes:

  • Real time monitoring: Seconds matter when detecting threats
  • Correlation: Actionable insights from advanced analytics
  • Records Management: Millions of records are created, only a few matter
  • SIEM for Compliance: SIEM solutions can be critical, sometimes they can be required by events to comply with regulations

4. Managed EDR (Endpoint Detection and Response)

Managed endpoint detection and response (EDR) enables organizations to stay ahead of cybercrime by reducing the time gap between threat detection and response. This not only improves a company’s security posture by preventing and detecting endpoint threats, but also minimizes the impact of such incidents.

Managed security services can significantly simplify an organization’s approach to cloud, security, and connectivity. At the same time, they can greatly improve a company’s security posture by mitigating threats, preventing data breaches and ransomware damage in real time, and minimizing the time gap between detection and response. This drives greater visibility, innovation, and responsiveness across the business and network.

Having said that, IT leaders need to find the right partner who can incorporate customizable security policies specific to their organization. and deliver 24/7 waterproof monitoring to truly unlock the power of connectivity, cloud, and security to drive business adaptability, performance, and innovation.

With the growing threat landscape, stringent ongoing government regulations, and a lack of skilled internal resources, not to mention the cost of building a highly secure, future-proof infrastructure, many organizations are now turning to managed security services to provide security. to the environment. they need to continue to grow and prosper.

image credit: mikkolem/

Brian Knudtson is director of cloud market intelligence, islandpart of Systems 11:11

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