In today’s data driven economy, safeguarding that data is vital for the survival of organizations and businesses. It is important then, that these organizations, especially small and medium-sized ones, learn all they can about cyber protection.
Whether your organization or business is commercial printing, a nonprofit, or membership association, the fact is that advances in modern technology has disrupted and reinvented nearly every facet of what drives the global economy.
The world is more dependent upon data today than at any time in history. Correspondingly, safeguarding data – and the applications and systems that rely on such data – is vital for individuals and organizations alike. It is important then, that organizations, especially small and medium-sized ones, learn all they can about cyber protection.
Although IT professionals have long preached about the importance of data backups and cyber protection, unfortunately, traditional backup and cyber security solutions are no longer enough because they cannot keep up with the advanced threats facing businesses today. And here is why:
- Data volumes have been doubling every two years and this has in turn created challenges for IT professionals on how to store and secure it, and the cost of storage.
- In addition, cyber criminals have turned malware attacks into a thriving business and are using availability and access to greater computing power and artificial intelligence (AI), to weaponize cyber attacks, including so-called zero-day attacks.
In the light of these new realities, small businesses and organizations need cyber protection solutions for their data, applications, and systems.
To tackle emerging cyber threats, small businesses need to adopt a new approach called cyber protection or cyber security. This involves the combination of the best of data protection, an innovative approaches to cybersecurity, and the incorporation of new-generation technologies that ensures the privacy and authenticity of data.
Cyber Protection Essentials for Small Organizations
The greatest threats facing businesses and organizations today are the potential for data loss, corruption of data, data theft, and the manipulation business-critical data by malicious actors.
According to Acronis, the cyber security company, “[T]he speed with which new cybersecurity threats are created, the complexity of how and where data is consumed, and the costs associated with protecting and storing data have made traditional data protection and cybersecurity approaches obsolete.”
While it is important to realize that businesses and organizations continue to rely on legacy IT applications and systems and are consequently putting their businesses at risk, the best thing to do is for these organizations to migrate to cyber protection solutions that offer a holistic approach to keeping their data, applications, and systems protected – today and in the future.
A robust cyber protection solution should cater to the following five areas:
Safety: Ensure that a reliable copy of business-critical data is always available
Accessibility: Make data easily available from anywhere at any time
Privacy: Control who has visibility and access to data
Authenticity: Have undeniable proof that a copy of data is an exact replica of the original
Security: Protect data, applications, and systems against malicious threats
Assessing Cyber Protection Needs for Small Organizations
Admittedly, small organizations face several challenges in implementing strong cyber protection solutions especially when each of these vectors often compete with one another. For example, while locking a hard drive inside a vault guarantees the data’s safety and privacy, it also makes the data inaccessible and therefore useless from a practical standpoint.
On the other hand, someone might try deploying a variety of products and services that are each designed to cover a particular vector. Unfortunately, even if an individual point solution might be terrific, using a patchwork approach to your protection creates gaps in your defenses.
For truly effective cyber protection, an integrated solution that can balance these competing priorities helps ensure you are ready to face any challenge or threat.
The importance of being protected from today’s cyber threats cannot be underestimated. For small businesses and organizations, the impact of data loss can be more than just an inconvenience. Their very existence can be threatened.
Cyber Protection Recommendations for Small Organizations
The most recent research shows that ransomware attacks against businesses occur every 14 seconds. However, in spite of all the news headlines about data breaches and the increasing rate of ransomware attacks, 7 out of 10 businesses are not prepared to respond to a cyber attack. The impact of lost productivity and unexpected downtime as a result of a cyber attack is why top executives are being held responsible for their company’s IT posture, and many are increasingly losing their jobs if they are judged to be lacking.
The International Data Corporation (IDC) recommends that organizations should adopt what it calls the “The five components of the Cyber-Resilience Framework as a way for structuring their defenses such that no one event is catastrophic. Cyber-resilience is seen as an iterative process that provides the means of recovery from an attack. Compared with traditional defenses that were useless once bypassed, cyber-resilience allows a constant vigilance across the organization.
These five components are:
- Identify: Critical asset and process mapping, risk and readiness assessment, and so forth
- Protect: Traditional first line of defense security mechanisms
- Detect: Security analytics
- Respond: Response to security breaches or failure
- Recover: Coordinated recovery mechanisms
The key advantage of the cyber-resilience framework is that it puts business forward. Traditionally, security has operated as an overlay to the business.Cyber-resilience integrates security into the business itself, allowing for the five components to be present in all areas of the business.
How can we help your organization?
The core mission of Tech Prognosis is to assist small organizations in protecting their data, applications, and systems. To do that successfully we partner with industry leaders in cyber security to develop cutting-edge strategies and technologies. We can help your organization with modern solutions that address the ever-evolving threats businesses face today and into the future.
To read more about our approach to cyber protection, visit managed security services page.