Every day we find reports on new cybersecurity threats attacking businesses in every industry. Companies that lack a cyber security department in the US alone have to pay approximately $15 million every year to keep everything in control.
The recent Cost of Phishing report also found that the costs for dealing with malware infections have doubled in the past six years – from $338,098 in 2015 to $807,506 in 2021.
The problem is the growing frequency of cyberattacks and the improved abilities of hacking tools. Consequently, cybercriminals use these tools and cause entrepreneurs to suffer significant losses. Therefore, irrespective of the size of your business, it’s crucial that you address cyber security issues that your company might face in the future.
To give your organization the benefit of security, keep reading and find the skills your business should invest in:
1. Cloud Security
Nowadays, every business is utilizing cloud computing. It only means that a business today needs to secure data and applications when using cloud computing to secure their local infrastructure.
However, there is a significant shortage of cyber security experts with adequate cloud knowledge and expertise. According to 2017’s ISSA/ESG survey, one-third of businesses claim in expertise in the area of cloud security skills.
The responsibility of providing the security of the apps and data in the cloud is with your business and not with the company that offers you cloud services. As enterprises tackle everything from local threats to cloud-based threats, they need assistance from professionals adept with cloud security skills.
2. Network Security
Network security is about dealing with external threats and the internal threats in an organization. These could be malicious or accidental that can cause significant damage to your company. Consequently, appropriate network security is the key to preventing a data breach caused by these types of incidents.
Network security policies like restricting the types of devices and users that can access the data should be scrutinized closely. For instance, the employee not concerned with the HR department shouldn’t be able to access HR files and data.
Consequently, there is a vast range of tools available to managers to implement these types of policies. A few of these tools are firewalls, VPNs (virtual private networks), or more recent technologies like machine learning algorithms. All these tools can quickly identify when a user or device is behaving abnormally and restrict their access.
However, if that is something your company is finding difficult to deal with, seek assistance from a skilled Network Security consulting company. They will help you correctly manage your network-related operations while allowing you to focus on more critical business operations.
3. Data Analysis
Analyzing vast chunks of data is another essential skill in cybersecurity. If you look at advanced persistent threats (APTs), you’ll find several examples of data analytics as an important cyber security skill.
As reported by Cloud Security Alliance, APTs usually aim to steal strategic business information or intellectual property, which is among the most severe threats to businesses.
Additionally, data analysis is beneficial for finding APTs as there is a vast amount of data to look through to find any potential threats. Without this skill, data processing will take much longer and be less effective in finding any threats.
In Conclusion
Every business must have the benefit of security. Without it, your organization can never thrive the way you have envisioned. However, if you provide your company with the skills mentioned above, you can have an infrastructure immune to cyber attacks.
