Enterprises Must Re-Think About Their Cybersecurity

Whenever you go through the newspaper or any internet source, you see a lot of content written about the breaches, cybersecurity, and vulnerabilities. A lot of enterprises are still struggling with the data protection compliance issue or hacking. They often forget to find the actual lacking and keep on complaining about the infringements.

In 2018, 50 million users were affected due to the security problem on Facebook. In 2017, 147.9 million customers became victims by the Equifax data breach, and 412 million user accounts were hacked from Friendfinder’s sites. A year ago, 3 billion Yahoo accounts got stolen while hackers somehow stole the data of over 57 million riders and drivers from Uber.

The immensity of the cybersecurity can be gauged by looking at the whooping tech companies getting their data stolen and suffering from breaches every other day. This lets you envision how biggest and essential the scope of cybersecurity is, in the tech world. No one knows the exact numbers of annual breaches. But the average number of registered violations per country in 2017 goes like 24,089, all alone. However, India left everyone behind in the yearly breaches and recorded 33,000 files, hacked in a single year. Whereas, the US stands at 28,500. Do bear it in mind, that these are the reported figures the actual number could go several times higher.

Has anyone tried to figure out why the ratio of cybersecurity is decreasing by every passing day? There could be many, but we have some deeply observed upcoming long-term solutions.

1) Cyber-attacks have now moved from a standard-issue to sophisticated attacks

In the earlier time, cybersecurity was a standard-issue and threats were easy to manage. But now we are in an era where we can see a flux of cyber threats with each day passing. Today, the cyber attacks have become a complicated issue which is trying to harness the cutting-edge technology. One must possess the amount of information required to document a cyber threat. Because the cybersecurity team cannot process everything in a short timeframe. The need of an hour says detection and response time should improve. And, direct your cybersecurity teams to focus on strategic threats mainly.

2) Adopting AI-powered cybersecurity solutions

Automation is an old and tested strategy, widely used over the past years. However, with the rising attack surface, the number of alerts being generated by security automation products is usually overwhelming. The complex threats buried within a spew of irrelevant alerts. Either, organisations can spend a huge amount on the cybersecurity team to filter those alerts manually or adopt automated security solutions which can cost an arm and a leg. Here, the AI-powered technologies come and play their part. Such technologies do not cost much to a company and identify the most critical threats. Simultaneously, they improve the response time and threat detection process.

Therefore, 61%of the companies rely on these technologies, to detect breach attempts. While the rest of the 48% state that their budget for AI will raise by an average of 29% in 2020.

3) The diversity of Application

Applications can be found on multiple platforms such as mobile devices, web servers, and application servers, etc. and proliferate various sources. The enterprises are protecting the network layer effectively and endpoints of the cybersecurity surface. The application layer remains highly vulnerable. It indicates that organisations must make it way too challenging for malicious actors to hack an enterprise or its digital asset.

4) Poor Coding

Poor coding can directly affect an organisation more than it thought. The components also stay at risk, associated with it. Forget about the huge mistakes; even a minor error can exploit, sabotage and damage the sensitive parts of a company’s infrastructure.

5) Bugs

The common reason for generating bugs is the development team time constraints, vulnerable legacy code, misclassification or misunderstanding of a bug. All these reasons can stand behind a significant breach. Despite automation or strict implementation of rules, a single mistake can take everything down.

Innocuous mistakes are mainly the reason why information leaks. While winding up, millions witnessed that cyber threats become more sophisticated and even more complicated. However, the defensive methods, used to deploy against them, are now losing their efficacy. But we are lucky to be a part of thing cutting-edge tech century because we have brilliant advanced cybersecurity solution providers, who are building faster detection methods with an improvement in response time.

An advanced cybersecurity solution

If you do not have the expertise in-house, GDPR obligation specialists such as Seers would be the ideal partner as they can ensure your business priorities for the GDPR obligation are achieved. Seers also provide expert advice, GDPR consultation, and guidance in drafting privacy policies. If you are looking up to some help or guidance about the privacy policy, then feel free to contact us.