Consider the following alarming statistics from cyberthreat reports and data breach studies:
- Almost one-third of U.S. businesses reported experiencing a breach within this past year.
- The average cost per data breach in 2017 was in excess of $3 million USD — with the average number of compromised records per breach rising to 24,000.
- In a survey of nearly 3,000 IT professionals, more than 75 percent reported that they did not have a formalized plan within their organization for responding to a cybersecurity breach.
- In 2017, the average time it took an organization to identify a data breach was a little over six months: 191 days, to be precise.
How Does Enterprise Cybersecurity Differ From Traditional Cybersecurity?
Ask any senior IT professional how enterprise cybersecurity differs from traditional cybersecurity and you’re bound to get an answer that illustrates the complexities of today’s enterprise-wide IT solutions. The truth is that the days of simply building a firewall around your on-premise IT hardware and saying you’ve got your cybersecurity well in hand are well behind us.
Granted, today’s cyber attacks still occur mostly from outside the enterprise. Nevertheless, 25 percent of breaches are currently caused by careless employees or, worse, malicious insiders. In addition, most companies now have an IT infrastructure that’s a complex mix of legacy systems, new applications and public or private cloud-based solutions.
So What is Enterprise Cybersecurity?
All of this means that enterprise cybersecurity is a matter of protecting your business’s on-premise and cloud-based infrastructure as well as vetting third-party providers and securing the growing number of endpoints connected to your system via the Internet of Things (IoT).
Why Is Enterprise Cybersecurity So Important?
When was the last time you went a week without hearing news of a major data breach? And those are just the breaches that are reported! Yet, with the IoT poised to connect more than 50 billion devices by 2020, there’s no business out there that isn’t looking to increase both its collection and analysis of data — despite the growing security risk.
Simply put, data is the currency of the future. Businesses need it to both engage with their customers and to automate their internal processes. But cybercriminals understand exactly how valuable a commodity data is — that’s why everything from ransomware to phishing is on the rise. It’s also why you want to remain vigilant about training your employees concerning how to avoid the most common mistakes that can lead to cybersecurity issues.
When cybersecurity breaches occur, the results of these incidents can be costly and devastating to businesses. Yet, as we’ve seen, there’s no longer an easily defined perimeter to protect. Put all of this together and the need for robust enterprise cybersecurity grows in direct proportion to the technical innovations that allow businesses to grow and be more mobile and location-diverse.
Consolidated Technologies, Inc. — Experience a New Level of Cybersecurity
As the threat and cost of cybercrime grows, so too does your need for a multi-layered cybersecurity strategy. At Consolidated Technologies, Inc., we’ve been successfully protecting businesses for more than 20 years. To speak with one of our security experts, fill out our contact form or call 1-888-477-4284 today.
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