How to Put an End to the Ongoing Cyber Warfare?
The rise in cyber attacks over the last ten years has had a direct impact on the bottom-line of every business. From the investment industry to the automotive industry, many organizations have become the victims of data breaches, as the hackers continually implement new methodologies to break into even well-fortified systems. Last year, we also saw many multi-million dollar organizations making headlines over the reports of major breaches, owing to the new developments in hacking methods and sophistication. On average, 4,000 ransom ware attacks occurred per day in 2016 alone, according to a report from the FBI in June 2016. And the new forecasts from Gartner suggest that “Worldwide spending on cyber security has reached 90 billion in 2017, an increase of 7.6 over 2016, and to top $113 billion by 2020,”
Since more and more enterprises employ and leverage mobile, cloud, and internet of things in their organizations, they are increasingly becoming vulnerable to catastrophic cyber attacks and breaches. Also, the speed of technological advancements has outpaced our ability to secure digital assets and valuable information, giving hackers the chance to get in and out of the network in no time. Today, enterprises consider these cyber attacks as an unseen war, which affects not only their operating sectors but also the economy as well.
B.Y.O.D (Bring Your Own Device) can be a risk
In today’s cyber security landscape, there are many companies hiring cyber security professionals to monitor the entire network activities to detect events that could lead to a data breach and detect trespassers before it occurs. Though this approach to ensure security helps organizations to safeguard their valuable data to some extent, other security issues are resulting from scammers and employees being not educated about the risks of bringing their own devices to work, which include local exposure, data leakage, insecure usage, malicious apps and many more.
To fight off this ongoing cyber warfare, today, end point security solutions are being developed by the world-class cyber security developers around the world. In line with the changes taking place in cyber security landscape, organizations have also taken a decisive decision to deploy firewall plus software that opposite virus, spyware, and phishing attacks, and have avoided embracing BYOD culture.
By deploying these end-point security solutions and firewalls in place, organizations can ensure improved information security and business continuity management without having to invest in other technologies. Also, the continuous monitoring and analysis capabilities of cloud security services are also playing a pivotal role in the safeguard of organizations’ digital assets.
All these efforts put together by the cyber security fraternity will put a halt to the cyber attacks and will result in improved information security, business continuity management, and proactively manages the day-to-day process of network operations.