Gone are the days when easy-to-install antivirus software was sufficient to protect your devices. In recent times, the use of cloud services has increased to save sensitive data, but security standards are still lacking. Cyber security is no longer a choice, but a necessity.
Even a decade ago, we didn’t rely on technology the way we do today. Businesses across the globe have become more digitally reliant than ever before. And if current trends are anything to go by, the use of technology is only going to exponentially increase. Already 68% of top-level business leaders feel that cyber risks are rapidly increasing.
According to Cybersecurity Ventures, the cost of cyber security damage will reach a whopping $6 trillion per annum by 2021. During the last decade, many businesses increased their cyber security budget, but according to Gartner, by 2022, this budget will be an astronomical $133.7 billion.
Cyber security is a set of IT tools, procedures, and policies that companies adopt to safeguard their networks, systems, and data from various online threats or unauthorised access. Cybersecurity’s main objective is to protect sensitive and confidential data from attacks that usually aim to access the information for misuse, extortion of money, or simply to interrupt business.
It’s easy to imagine the kind of havoc that a cyber attack can wreak, but cyber security often takes a backstep compared to other business demands. Here are just a few reasons why cyber security should be your top priority:
If you want to protect your business from cyber attacks, it is crucial to understand the common causes of security breaches and the corrective measures you can take to mitigate threats. Among some of the most common causes for an attack are:
Complex access management systems can make it hard to keep track of which permissions users have, and can make it easier for cyber criminals to gain access without their presence being noticed.
There are numerous measures that you could adopt to increase your IT cyber security and reduce cyber threats in your organisation. Some of them include:
Make sure that your users are getting the access they need, without compromising sensitive data on your cloud apps. Microsoft Azure Active Directory is a cloud-based identity and access management tool that enables your workforce to securely access internal and external resources. Conditional Access protects important data by asking for specific criteria to be met before granting access to the data.
One of the most efficient tools you could use to safeguard your business against cyber attacks is Microsoft Office 365 Advanced Threat Protection (ATP). Features of Microsoft ATP include:
Microsoft Azure Information Protection allows you to label sensitive information, keeping your confidential documents and emails secure. This cloud-based solution also lets you control access to content, detect risky digital patterns, take corrective measures, and prevent data loss or compromise.
With the Microsoft 365 Security Centre, you are able to monitor and manage your organisation’s overall security from a single dashboard. This solution acts as a centralised hub, helping you to manage various security solutions, such as identity and access management, security management, information protection, website security, and threat protection without needing to switch between platforms.
Cyber security can no longer be ignored. With the increasing number of cyber attacks, every organisation must set aside a dedicated budget for cyber security solutions, but what kind of budget does your business need? Thankfully, the price paid is not directly proportionate to the effectiveness of the tool, and a comprehensive cyber security solution is not necessarily expensive.
It is good to remember that no cyber security solution comes with a 100% guarantee, but choosing a solution that suits your company’s requirements will go a long way towards reducing your risk of cyber attack. Train your workforce, take all necessary security measures, and make sure that you’re prepared for a security breach if one does occur, knowing that you have done your best to protect your business.
In the next few decades, cyber security will be one of the mandatory costs on every business’s financial records. It is better to take the right security measures, and pay a small price to stay safe, than to remain vulnerable and completely unprepared to face a cyber threat.
As a Microsoft Gold Certified organisation, we are perfectly placed to help with your Cyber Security. We’re just a click away, so don’t hesitate to contact us.
Since 2003, Solid Systems have specialised in delivering leading technology solutions and offering guidance to organisations in South Africa and abroad, in the most human way possible.
We love technology and the exciting ways that it evolves, and are constantly improving the tools that we use. But humans are at the heart of our business. That’s why we value each relationship and prioritise a personal approach, finding solutions that deliver results for your company in the best way possible.
With our highly skilled and passionate professionals behind us, and the latest and most sophisticated tools at their disposal, we ensure that the businesses we work with are constantly evolving, and can step into the future with confidence.