Security is one of those things that we often pay little attention to until something terrible happens. Some businesses have learned this lesson the hard way. The average data breach cost in 2022 was a shocking $4.35 million.
This might sound frightening, but there is good news. Monitoring technology is now more sophisticated than ever, so you have greater powers to protect your organization.
Here are three ways cyber security monitoring services can protect your business.
Early threat detection is vital, giving you time to respond and stop the breach. Cyber security monitoring has that capability.
It's one of the most fundamental tools to manage external threats to your IT systems. Those threats might include malware, ransomware, and unauthorized access attempts.
Monitoring is a proactive way of handling security.
With modern monitoring, you continuously scan your network 24/7, with automation doing most of the work. Advanced capabilities in these monitoring systems can spot tiny anomalies that could indicate a problem.
If the system detects a cyber-attack or anomaly, it can take action to neutralize that threat immediately. That minimizes the impact on your business and saves you from a potential catastrophe like the theft of customer data.
If you hold financial records for customers, you must keep that data secure so it doesn't get into the wrong hands.
Should hackers get hold of customer credit card numbers, for example, it could leave your business with massive financial and reputational repercussions.
PCI-DSS, an industry standard for security surrounding credit card data, covers that type of threat.
While the threat of regulatory fines looms large, it is important to remember that there are more significant issues for companies for non-compliance.
It could mean bad press for your business, and you might lose the trust of your customers.
That's where cybersecurity monitoring services can help. They are your first line of defense and will stop issues from getting to the point where you are breaching regulations.
You probably have a risk register for your business. Like most organizations, it may include risks surrounding security, like ransomware or phishing.
Good risk management means understanding the potential threats and assessing their severity and likelihood.
Monitoring your network will tell you the answer to that. It is a real-time feed of any danger to your system, which means you clearly understand potential risks to your business.
You won't be caught unawares with a severe hack that causes massive disruption and downtime to your business.
Hackers are getting smarter. Which means you need to be smarter, too. Cyber security monitoring services are the best way to protect your business from an ever-evolving threat.
You can boost your security now by talking to our team at EnvisionIT Solutions about our managed IT services. Discover more about how our cyber security experts can help defend your business network.