More than 10 years ago, fewer than one in four companies relied on the Internet for their business. But now, it is 100 percent. Despite this growth, the Internet has now been accompanied by a steady increase in the severity of “Cyber-Attacks.”
Billions of business individuals worldwide have had their personal data stolen, exposed, and rapidly occurring at a high frequency.
According to the WHSR Security evaluation, Germany tends to have the highest cyber incident. Although the United States is naturally a major target for cybercriminals. However, Germany lost an estimated $50 Billion to cybercrime, ranging from big corporations to small business enterprises.
Cybercriminals are reaching further than before, that for every 60 seconds, $1.1 million is lost to cyberattacks. In fact, Australians lost over $634 million in total to cyber-attack in just 12 months. Meanwhile, these at pace have set to cost business affair $5.2 trillion ‘worldwide’ with continuity to affect critical, pivotal facilities. For all that, this unprecedented cybercriminal activity has generated businesses across the globe, $128 billion in cyber spending.
It’s fair to say that this has been the era of Cyber Attacks. However, not becoming a victim should be a priority for every organization rather than adding up to the number of amounts “lost” to cyber-threats. Since cyber-attacks are globally increasing, operational effort to respond and prevent must therefore be proactive.
Understanding cybersecurity posture is essential to recognize where your organization stands regarding online security threats such as data breaches and intrusions. However, by understanding where your organization is most vulnerable, you can begin to establish a plan for creating a more secure environment.
Security posture refers to the strength of your overall cybersecurity defense. This is important because cybersecurity threats are ever-increasing, and cyberattacks are considered the third greatest global threat, according to the World Economic Forum (WEF).
The modern enterprise’s attack surface is ever-growing, which makes gaining an accurate understanding of a big challenge. The hard truth is that most organizations only have a vague understanding of their attack surface and overall cybersecurity posture.
For an organization with a thousand employees, over 10 million time-varying signals should be analyzed to predict breach risk accurately. This enterprise attack surface includes a wide variety of assets spanning across its infrastructure— applications, managed and unmanaged endpoints (fixed and mobile), IoT, and cloud services. Once these elements, breached in many ways, this compromise enterprise asset, giving cyber-attackers an initial foothold inside the company’s network.
It is important to create a habit of regularly monitoring and maintaining your cybersecurity posture, most importantly, your cybersecurity risk. To understand the efficacy of cybersecurity posture, cybersecurity risk assessment by an organization must be completed. Cybersecurity risk is the probability of exposure or loss resulting from a cyber-attack or data breach on your organization. A better, more encompassing definition is the potential loss or harm related to technical infrastructure, use of technology, or an organization’s reputation. To put it simply, as your cybersecurity posture strength increases, your cybersecurity risk should decrease. This helps to identify all vulnerability points to help your organization more proactive rather than reactive to cybersecurity threats.
Maturity assessment is an upright pillar of an organization’s information security capability to protect the business against applicable cyber risks. This measures the ability of an organization for continuous improvement in a securing discipline, which can be drilled down to departmental view, functional view, and process view.
Throughout the course of operations, business leaders set goals and objectives for their enterprise, and they rally teams to work hard and deliver on them. These goals and objectives are business needs; they are the things the business must have or achieve to run, be profitable, serve effectively, and deliver successfully on its mission. However, organizations with the most mature security posture don’t break-out, avoid cybersecurity mistakes during business racing and successfully outperform their peers.
The higher the maturity, the higher the chances that mistakes or errors will lead to improvements either in the quality or the use of the discipline’s resources as implemented by an organization. The Security Maturity Assessment gives a first look at how mature your organization is concerning cybersecurity. By knowing the security level, an organization can build an effective cyber protection strategy for the future.
Cybersecurity maturity assessment can analyze the current security state, with a view towards the desired state. It assesses cybersecurity controls and realize new technology-process controls. The main advantage is to specify the maturity level of an organization. Whereby each level depends on a group of processes. Each process can depend on the infrastructure, resources, operation’s automation, and user’s knowledge. Hence, cybersecurity maturity can help to distinguish between organizations.
The terms “safeguards” and “controls” refer to risk-reducing measures. The process of risk management allows the balance of operational and economic costs of protective measures and achieve gains in mission capability by protecting information systems and data that support organizations’ missions.
Protecting information is a business problem costing millions of dollars and reputational loss. Even with an acute awareness of these risks, many attacks go unchecked. The solution requires more than deploying technology, like firewalls and antivirus gateways, and hoping for the best.
However, security professionals cited a critical need for expertise, technology, and external services to address these external threats’ growing concerns. The solution requires a vigorous, comprehensive investment in risk management for your organization’s complete environment.