How to Think About Cyber Security Investments for Your Business

How to Think About Cyber Security Investments for Your Business

How to Think About Cyber Security Investments for Your Business

Data breaches have been a common trend in our cyberspace recently. Examples of such data incidents range from theft of customer information and celebrity leaks to the hacking of a government database. According to security firm Symantec, data breach is on the rise as about half a billion identities were exposed between 2012 and 2013.

It is important as a business owner to consider investing in cyber security for your firm. However, the following questions should be answered first.

1. Can your system react to any cyber threat?

Organizations must recognize and have answers to some major facts in the cyber threat world. Firstly, you should realize that cyber threat is on the increase daily; as such, various illicit methods have been devised. This is why technology alone is insufficient to eliminate cyber threats.

Secondly, it is more difficult to defend your system than to go all out in the offense. The cyber criminals just need a little glitch to crash a system you have spent years defending.

Thirdly, cyber criminals have enough time and patience to map out a deadly strategy. You shouldn’t leave any room for complacency.

According to a research analyst for IT-Harvest, Richard Stiennon, in his 2015 book:

Attackers are not relenting. Technologies used to tackle cyber-crime some years back are not useful for present day attacks.

Most importantly, you should never assume that your system is infallible. You should always have trained professionals at hand and a backup plan just in case the worse happens.

2. How qualified are your employees?

You might have the best security features for your system, but all these are useless if your employees cannot utilize them to your advantage. You should try to regularly train your employees with respect to new security updates in your IT department. You can also hire an expert or security consultant to enlighten your staff on modern hacking methods.

In the case of any threat to your cyber security, the first and last line of defense should be your employees. This method might be quite expensive. It is, however, one of the best means of mitigating the myriad risks of cyber theft. This article offers a useful guide on how to protect data.

3. What kind of system are you going to operate?

Many IT organizations depend on the conventional batch processing while claiming to use real-time processing. The problem with batch processing is that data is brought to rest before a query is initiated. This difference in time is dangerous as it takes a lot of time for the system analyst to carry out a detailed investigation.

It is therefore imperative to adopt a system that processes data in real time as this would avoid any data glitch. You need a cyber-system that can immediately detect irregularities and avoid data loss. Try to learn the pros and cons of each system before using it for your organization.

4. Is it very difficult for your staff to operate the system?

If the cyber security system that you intend to use has an extended deployment period, you need to ensure that the system to be incorporated meets the needs of our organization.  Make use of a system that decreases the complicity of your general IT department by breaking down and merging contrasting data in your organization.

Also get a cyber-system that can break down complex data, providing scientific knowledge and skills to its security specialists. This will reduce the gap between talent and the autonomy of experts in the security department so that you can focus your time on security investigation and other tactical functions.

5. How compatible is your cyber security system with old investments?

Before you invest in a new cyber security system, it is necessary to compare the compatibility of your new system with old systems you invested a lot in. Most new technologies are incompatible with the old system, thereby leading to a complete replacement of the old system. This is not an economical practice.

It is rather advisable to purchase a cyber-system that has a certain degree of compatibility to your existing system. The perfect system should be flexible to leverage on data from the old system. Your organization should also try to get rid of the redundant system to reduce maintenance costs.

6. Can the system process all types/volumes of data?

To be on top of the situation at all times, you need to know everything about your cyber security system. This implies knowing how your cyber security system consumes data. This would make you fully aware of what is happening at any time. With this information, you would be able to tackle any impending problem and proffer appropriate solutions.

However, most present-day systems are very inadequate in their capability to combine data flows and even have limited ability to process enough data at once. Firms make use of different data formats, including binary, semi-structured, unstructured and structured. Most prominent systems can only process events from about three data sources in real time.

Some cyber security systems require that all incoming data be transferred into an even composition when ingested. It can be very tiresome and sluggish to organize data in a system-friendly manner. It is highly recommended to get a system that can process a lot of data simultaneously, understand it and detect any glitch.

7. How trustworthy are your employees?

Lately, firms across the globe are implementing new solutions to protect their data and tackle cyber theft. In the process of spending on technology to feel safe, they incur a lot of expenses. However, the main source of cyber threat is human—not technological as widely believed.

Cyber criminals are bred as a result of ignorance, curiosity and greed. Fragile people abound in every organization and cyber criminals use the slightest opportunity to take advantage of them. These people are as dangerous as any malicious code. This is why your organization should implement strict security protocols to avoid cyber theft by employees.

Today, cyber criminals are very sophisticated and intelligent. It is imperative for your organization to have a good cyber security solution to mitigate these threats. There are various systems in the market and you need a good understanding of your organizational needs and weaknesses to select the best.

Cybersecurity should not be taken for granted as a cyber incident can bring any organization to its knees. Do everything in your power to ensure your company is never affected.