Embracing proactive cyber security
Technological advancement has transformed how we live, work, and do business. With the acceleration of digital transformation, the internet of things (IoT), and increasing volumes of big data, the opportunities for cyber criminals to exploit organisational vulnerabilities have also increased. According to the 2022 IBM Cost of a Data Breach Report, more than 80% of organisations have had more than one data breach. The report found that the cost of data breaches now averages an all-time high of $4.35 million in 2022, which is up 12.7% over the past two years.
Analyst firm Canalys’ latest cybersecurity forecasts indicate that global cybersecurity spending (including enterprise products and services) will increase by 13.2% in 2023. The delivery of cybersecurity services, including consulting, outsourcing, deployment, integration, maintenance and managed services, is forecast to grow by 14.1% to USD $144.3 billion in 2023. This will account for 64.5% of the worldwide cybersecurity market in 2023.
This article will explore the importance of shifting from a reactive to a proactive approach to cybersecurity and how it can help organisations minimise cost, risk, and organisational damage.
Shift to proactive cyber security to minimise cost, risk, and damage from cyber attacks Click To TweetThe dangers of reactive cyber security
Reactive cybersecurity defences are designed to detect and alert security teams as soon as a threat is detected. However, cyber criminals can now disguise their attacks to bypass these defences. This leads to overwhelming numbers of alerts that can be false positives. Additionally, insider threats incidents have risen 44% over the past two years, with costs per incident up more than a third to $15.38 million. Reactive organisations can only act once the damage is done, increasing a breach’s risk and negative impact.
Minimise cost, risk and organisational damage by being prepared
A proactive approach to cybersecurity is crucial to stay ahead of attackers and regulatory requirements. Organisations can take corrective action to mitigate breaches by detecting threats earlier in the kill chain. Active threat hunting involves human security analysts and automated detection and response capabilities that are fine-tuned through predictive defence analytics, machine learning, and artificial intelligence algorithms.
The best way to prevent a data breach is to understand why it’s happening. Now in its 17th year, the 2022 Cost of a Data Breach report shares the latest insights into the expanding threat landscape and offers recommendations for how to save time and limit losses.
According to IBM’s Cost of a Data Breach report 83% of companies, will suffer one or more data breach. Detecting, responding and recovering from threats as fast as possible is crucial. Organisations using artificial intelligence and automation had a 74-day shorter breach lifecycle and saved an average of USD $3 million more than those without AI algorithms.
Trust Northdoor to provide the right level of cyber security support for your business
An effective, proactive defence strategy requires experienced specialists equipped with sophisticated analytics tools to perform deep inspections of any suspicious behaviour detected within networks.
At Northdoor, we understand that each business has unique cybersecurity needs. That’s why we offer a comprehensive and modular managed service that can be tailored to your specific requirements. Whether you need a full-service solution that designs and builds everything from the ground up, or targeted solutions to supplement your existing security measures, we’ve got you covered.
Our expert cybersecurity team can work with you to assess your business risks and provide customised solutions that meet your needs.
The rise of cyberattacks and the increasing sophistication of cyber criminals require organisations to shift from a reactive to a proactive approach to cybersecurity. Organisations can minimise the cost, risk and organisational damage by staying prepared and detecting threats earlier in the kill chain. Northdoor offers expert support and deep cybersecurity expertise to help organisations execute a proactive defence strategy.
Enhance your cyber security today with Northdoor
Contact Northdoor today to find out more about our fast, fixed-cost security assessment workshops.
You’ll benefit from our in-depth technical review of your current stance, backed by best-practice guidance from our expert consultants, helping you take your cyber security to the next level.