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Why It’s Time to Upgrade your Cyber Security

Category: B2B News

Cyber security is something that every business must take seriously. From small independent businesses to multi-national corporations, almost anyone can be vulnerable to cyber-attacks. If your business has a website or any form of digital assets that are not properly secured and maintained, you could be at risk of an attack. This could take the form of an attempt to steal money or trade secrets from you directly, or taking customer or employee data.

In response to this, many businesses have invested in preventative cyber security to keep them secure. Unfortunately, however, it seems that these may no longer be sufficient to protect your business. On a related note, you can also read our article on fraud prevention strategies for SMEs

Preventative measures are no longer enough

Recently there have been high profile hacks against major businesses like Yahoo and LinkedIn, showing that hackers are becoming more sophisticated and ambitious. So even if you currently have cyber security or employ a professional cyber security firm, it’s essential that you should not become complacent.

Renowned technology research firm Gartner has suggested early on that preventative cyber security defences are no longer enough to you safe from the reaches of cyber criminals. That means you can’t count on your firewall and other defences to simply stand guard and protect you from hackers. The criminals have become too advanced.

Experts have also forecasted that, within a few years’ time, a major shift from prevention-only approaches will unravel. Instead, there will be a new focus on managed detection and response (MDR). Gartner has stated they expect this trend to continue for at least the next five years, with over $113 billion to be spend on information security by 2020. MDR is more than just the future, it is the immediate present, and to ignore it could be a costly mistake.

What exactly is MDR?

As with anything to do with cyber security, it’s important to have a good understanding of what you’re utilising to protect your data. Even if you’re using cyber security professionals to manage your digital security, it’s vital to have an understanding of the techniques being used to protect your business. Keeping your finger on the pulse of cyber security should be a priority regardless of the size of your company. That said, if you’re not confident or experienced in IT, cyber security can seem like a daunting prospect. Here’s a quick explanation of MDR to get you up to speed.

The basic premise of MDR services is that you will always have someone, either your own IT department and systems or a cyber security company, who will offer 24/7 monitoring. They will provide constant surveillance for any potential threats or security alerts. If you have professional MDR in place and there is an unauthorised attempt to gain access to your system, there will be an instant alert for whoever is managing the MDR. This gives you the best possible chance to respond to and deal with the problem.

MDR services employ a number of varied techniques that can be tailored depending on your security requirements. If you’re employing a cyber security firm to manage your MDR, they will be able to advise you on the best methods to use to match the requirements of your company. The typical techniques employed in MDR services include manual and automatic analysis – constant monitoring can be costly, but is recommended for keeping your business safe and secure from digital threats. MDR also includes regular scans and checks for any vulnerabilities.

Why you should upgrade to MDR

In the example of the Yahoo hack mentioned earlier there was a very interesting feature. Namely that the company announced in late 2016 that they had been hacked in 2013. This means that it took the company three years to uncover the attack. This shows one of the key advantages of MDR. If you don’t have MDR, attacks can go completely undetected and by the time you realise there is a problem, it’s too late.

Hacking attempts and cyber-crime have become an ever present danger lingering over the digital landscape. The techniques used by hackers are constantly changing, and as these criminals continue to change their methods, you will need to change your defences. Preventative measures such as firewalls, whilst still important, are no longer enough to protect your business. Having dedicated MDR to protect your digital assets is essential and could allow to be alerted to and respond to a threat before it becomes a major problem.

If you’re looking to improve your cyber security and get MDR services in place, you should speak to an experienced provider of cyber security services. MDR providers such as Redscan can offer you comprehensive cyber defense and more to help protect your business. Now is the time to invest in MDR, so that you can be prepared for any attack that comes your way. You can also read our article on the top 20 IT security software solutions of 2020 to select suitable systems to shore up your company’s cyber security. 

Nestor Gilbert

By Nestor Gilbert

Senior writer for FinancesOnline. If he is not writing about the booming SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing manuscripts for aspiring and veteran authors. He has compiled years of experience editing book titles and writing for popular marketing and technical publications.

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