It is not a question of if you should brace for potential security breaches, but how?
To survive in the 21st century digital era, you need to amplify your IT department’s efforts. From Q4 2019 to Q1 2020, the average cost of managing the aftermath of ransomware attacks has doubled. To give you a global perspective, Juniper Research estimated that the cost of a breach would increase to $2.1 trillion globally in 2019. And as more business infrastructure gets connected, the average cost of a data breach will exceed $150 million by 2020.
Unfortunately, most companies don’t think about a breach until it’s too late.
Time spent managing and/or suspending affected business areas to identify security weaknesses that enabled the siege to occur and to prevent future attacks can culminate in immense company costs that could have been mitigated if sound security measures were already in place:
- managing and suspending affected areas of business
- identifying weaknesses in the security posture that enabled the siege to occur, and
- preventing future attacks.
CyZen, a privately-owned cybersecurity company of Friedman LLP, creates preventative, long-term solutions to help you offset and contain a breach—minimizing the cost and impact on your company. Our experience with security companies, from government agencies to manufacturers, has shown us that there is no one-fits-all approach to cybersecurity. Our goal in every engagement is simple—allow our clients to focus on overall operations, project and task management, business development and growth, without the worry of unidentified security threats.
As you continue to strengthen your cybersecurity posture, answer the following to determine potential areas of risk for your company and to identify feasible, long-term solutions:
- How often is your data backed up, and how often is backed-up data reviewed for efficacy?
- Do you have any publicly accessible information on the internet and/or dark web
- Have you considered areas where your security posture is weak, and what mechanisms are vulnerable to probing by hackers?
- In the event of a security breach, how long would your company have to suspend business? How long would it take to become fully operational in varying scenarios?
- Do your systems allow for private and protected information to be accessed externally, where potential for a breach is much higher?
- Do you have a methodology for identifying risk caused by your staff (either intentionally or unintentionally)? Do you ensure all employees are trained in online security best practices?
- Have you created a mechanism by which you can monitor security posture 24 x 7
- Are the tools you already use (if applicable) actually effective?
- Does your IT Team focus on keeping your online posture secure, or on keeping your company’s systems operational, or both?
- Are you already a target?
Now that you have answered these critical questions, one remains: Are you completely confident that your IT department can prevent or contain a breach? If you have any uncertainty, contact a member of the CyZen team to schedule your cybersecurity assessment.
In working with CyZen, your company’s security posture will be strengthened and monitored so that your business never stops running.