When business leaders consider the necessary measures for cybersecurity, most of them first think of investing in professional services such as monitoring, detection, and incident response. Although the implementation of such services is critical, it is equally important to make efforts to promote cybersecurity awareness.
More than likely, you’re already well-aware that a cyber attack could have a devastating impact on your business, affecting everything from your daily operations to your reputation. In fact, a recent Forbes article points out that businesses have named cybersecurity threats as their most pressing concern, outpacing worries about natural disasters, supply chain disruptions, and other serious issues. As such, effective cybersecurity planning has become a top priority for organizations around the globe – and rightfully so.
When thousands of professionals across nearly 90 countries and territories were surveyed, they overwhelmingly named cyber incidents as the biggest concern for their businesses (Allianz Risk Barometer 2022). In addition, a recent article from The Wall Street Journal noted that corporate CIOs are reporting that cybersecurity solutions will be their number one investment priority in 2023. This all makes sense when you consider the devastating impact a cyber attack can have on your business, along with the significant number of high-profile attacks in recent years. It’s clear that there is a pressing need to address these continuously evolving and escalating threats.
The ever-evolving nature of technology can present both opportunities and challenges for businesses. And in our modern world, nearly all businesses rely heavily on technology for even the most basic of daily operations. As such, it should come as no surprise that, in order to maintain a sustainable and competitive business model, it is crucial to take a proactive approach towards the effective use of technology. Whether you are running a small, family-owned business or a global corporation, technology management is an essential component in both your short- and long-term success.
Are you weighing your options when it comes to managed services vs. professional services? Although they are closely related, these two service options also have vital differences.
Incident response is a structured process an organization utilizes in the event of a cybersecurity incident, designed to support effective preparation, detection, mitigation, and recovery. And although the concept itself is relatively straightforward, there is a certain complexity in the development of a truly thorough plan for critical incident response.
