With the constant changes happening in the technology industry and the ever increasing cyber security threats, businesses are eager now more than ever to protect their data and company assets. As more and more devices come equipped with internet capabilities, create data, and store personal information, there are more routes available for hackers to access this information and for a business to experience a security breach.
Cyber security is necessary for developing and conducting the appropriate safety measures that will ultimately protect an organization‘s computer systems, networks, and confidential information. Having access to the best talent and technology is crucial for businesses and other institutions to keep up with and surpass the threats and constant efforts of cyber hackers. With these shifts in technology, whether they be data storage or video analytics, traditional perimeter protection tools are just not enough anymore. As businesses look for security solutions to invest in, they should consider funding a security analytics project as part of their cyber defense program.
Security monitoring and analytics proves to be one of the most fundamental services within a business’s information security system. Establishing your own in-house security operations center within your company to manage comprehensive monitoring and alerting services can take a toll on your budget, but this investment is worth the costs. However, choosing to outsource this service is a common venture among businesses and is a typical service provided by managed security services providers (MSSP). There is an MSSP for any size business and budget, allowing even smaller companies the opportunity choose to outsource their security monitoring services.
In some cases the initial implementation of a security analytics program may be a little difficult to overcome, whether it be organizing the new program or convincing decision makers to invest in it. However, this method of cyber defense is well worth the hassle. As cyber hackers become increasingly more sophisticated, security analytics and monitoring work as a key factor in preventing these information breaches. In addition to moving past traditional defense methods, it’s important that businesses adopt a PDR security model: Prevent, Detect, and Respond.
Prevent
Implementing preventative security measures is the first step in the PDR model. Protecting your business’s important information can require incorporating a wide variety of methods. Some of these procedures may include setting up firewalls, encrypting sensitive data, using a secure wireless connection, investing in antivirus and antispyware software, changing passwords on a regular basis, shredding important documents when no longer needed, and incorporating a security analytics and monitoring program. Implementing these security protocols are a great foundation for preventing future cyber hacks.
Detect
Detection is the most important element when shifting from traditional security systems to more modern cyber defense programs. Improving your security system’s detection capabilities requires obtaining the right equipment and talent to run an analysis on large amounts of data, both current and historical. Your security systems must be able to detect changes in use patterns, understand these shifts in real time, and perform complex correlations across a breadth of information sources. What makes this possible? Big data analysis. Combining big data analytics with security methods allows companies and other institutions to better safeguard their assets
In addition to detecting possible security threats, it’s important that your security analytics program is able to determine the difference between threatening and nonthreatening situations. Having accurate security analytics systems is crucial when it comes to preventing threats and saving money by not making mistakes.
Respond
Having appropriate response procedures in place should any security breach be detected is crucial for limiting potential damages. Fortunately, security analytics programs can have automated responses to detected cyber threats. Businesses may also find it useful to outsource your response services to a firm who specializes in security threats, making your business’s response to an incident more organized, appropriate and beneficial.
Convincing the decision makers in your company to invest resources into better cyber security programs may be difficult. However, it’s important to remind them that it is far less expensive to prevent a security breach than it is to pay for the damages of one. As data breaches become more and more sophisticated, they also become more complex and expensive. It’s estimated that the average cost of an information breach has increased by 29% over the past few years. Implementing the PDR security model and investing in security analytics can help businesses and other organizations be adequately prepared for and prevent security threats and cyber hackings.
