3 business security trends to prevent cyber attacks in 2023

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Cyber attacks can have severe consequences for businesses, both financially and reputationally.

How a cyber attack could impact your business

  1. Financial loss: Losses can include the cost of recovering from the attack, the loss of intellectual property, the cost of repetitional damage, and potential legal costs.
  2. Loss of customer trust: Customers may no longer trust the business to protect their personal and financial data, which can result in a loss of business.
  3. Repetitional damage: The business may be seen as incompetent or negligent, and customers may be less likely to do business with them in the future.
  4. Legal consequences: Depending on the industry, businesses may be subject to regulations and laws that require them to take specific cybersecurity measures.
  5. Operational disruption: For example, a ransomware attack can encrypt critical files, preventing employees from accessing them and causing significant disruption to the business.

Cyber attacks can have severe consequences that can impact the bottom line, reputation, and legal standing of the business.

By prioritising cybersecurity, businesses can protect their assets, safeguard customer data, and ensure the continuity of their operations.

Business environment with people working securely, preventing cyber attacks

Device visibility and asset management

Device visibility and asset management are two related concepts.

Device visibility refers to the ability to see and monitor all the devices connected to a network, whether they are computers, servers, printers, mobile devices, or other types of equipment. It involves keeping track of the number of devices your people are using, their location, and their status, as well as understanding how they are being used and by whom.

Asset management, on the other hand, is the process of tracking and managing the physical and digital assets of an organisation, including hardware, software, and data. It involves inventorying all the assets, monitoring their usage, and ensuring that they are properly maintained and updated.

Together, device visibility and asset management are important for maintaining the security and performance of your IT infrastructure. By knowing what devices are connected to the network and how they are being used, we can identify potential security threats and take steps to protect against them.

Similarly, by tracking and managing assets, you can ensure that you are using resources efficiently and effectively, and avoid wasting money on unnecessary purchases or maintenance.

Zero trust – the future of endpoint security

Zero Trust is a security model that assumes that all networks, devices, and users, both inside and outside the organisation, are potentially hostile and should not be trusted by default.

Instead, Zero Trust requires verification for every access request, regardless of the user’s location, device or network, and continuously monitors for any suspicious activity.

The Zero Trust model aims to minimise the attack surface by limiting access to only those resources that are necessary for a user to perform their job. This is achieved through the use of a combination of technologies such as multi-factor authentication, access control, and encryption, among others.

In essence, the Zero Trust model operates on the principle of “never trust, always verify,” where every request for access to a resource is verified and authenticated before being granted, and every user’s activity is continuously monitored for potential threats.

Consolidating tools, technologies, and processes to prevent cyber attacks

  1. Reduced complexity – this can lead to better management of the security infrastructure, fewer errors, and more effective monitoring of the environment.
  2. Improved visibility- by using a single platform for security, organisations can gain a unified view of their security environment and identify potential threats more easily.
  3. Better integration – this can help to automate security processes, reduce the time taken to respond to security incidents and increase the effectiveness of security operations.
  4. Cost savings – by reducing the number of security products and vendors, organisations can save on licensing, maintenance, and support costs.
  5. Standardisation – this can lead to better compliance with security policies and regulations, and more consistent security practices.

Overall, consolidating tools, technologies, and processes can help organisations to improve their security posture, reduce costs, and increase efficiency in managing security operations.

You can read more about 2023 security trends here – Cybersecurity trends for 2023 and what to expect.

If you’d like to talk about your business security, and how we can help you safeguard against cyber attacks, get in touch.

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