Do you have the skills, resources and budget to effectively manage a cyber security incident?

Cyber crime is constantly evolving; becoming more sophisticated, targeted and frequent. The more traditional forms of cyber security – such as anti-virus software and firewalls – are no longer enough to stop some of the sophisticated threats posed to companies.

A cyber criminal uses a laptop that is displaying green hacking code on the screen

To protect your business and your reputation from the risks associated with a cyber-attack, you need a robust way of monitoring activity across your network so that it can be analysed, interpreted and quickly acted upon. Put simply, your organisation’s security depends on your ability to detect and respond to emerging threats across your cloud and on-premise environments.

Many businesses simply do not have the resources or time to extensively research the global threat landscape for the latest attack vectors, nor can they spend time analysing every indicator that an attack is happening.

Let’s dive into five key threat detection security challenges facing organisations:

Lack of resources

In an age of data-centric ‘always-on’ business, the investment needed for cyber security increases dramatically. As senior IT and security leaders are issuing mandates across their organisations to simply ‘do better’ in data security initiatives, keeping the lights on and maintaining business as usual, is critical. Yet with this in mind, it is apparent that many organisations don't have the resources to protect themselves against digital threats. As such, findings show that only 5.7% of overall IT spend is spent on cyber security and as a result of this companies often don't have the necessary resources to overcome these pertinent issues.

Lack of visibility

When your business’ security is your responsibility you need to ask yourself: how do you effectively monitor the vast number of endpoints that can potentially expose your business to cyber-crime? Are you be armed with the critical threat intelligence needed to respond, should the unthinkable happen? If you’re relying on spreadsheets to search and manage logs, you’re likely missing real-time changes, not to mention spending significant time and effort in an attempt just to get by. Adopting an intelligent SIEM threat detection system, will provide comprehensive visibility, provide real time insight into threats and eliminate manual tasks - thus reducing the possibility of human error and ensuring that you have the right intelligence at your fingertips when you need it most.  

Lack of expertise

Within a working environment, your employees are one of your biggest assets but they're also one of your biggest liabilities. With 60% of all attacks being carried out by insiders - either inadvertently or maliciously, ask yourself does your security programme account for the human element of cyber breaches? Compromised or malicious users will exhibit different behaviours than others. Spotting these traits early can help you prevent damage. To do this, you need to understand what’s normal for users in your business and use that baseline to identify anomalies that may signal a threat. User behaviour analytics that leverage machine learning can be helpful in scaling anomaly detection company-wide.

System complexity

On average, an enterprise uses 75 security products to secure their network. It goes without saying that these systems need to work together. Ask yourself, as a CISO or IT/Security manager do your systems work in unison to give you the insight you require to maintain and react to a cyber-attack in real time?  If the answer is no, then it is worth adopting a system that enables businesses to gain comprehensive visibility, provide real-time threat detection, manage compliance and eliminate manual tasks.

Budget restrictions

Coupled with tight budgets, it's likely that many organisations are using multiple security products from a variety of different vendors and this is undoubtedly eating into budgets. With cyber security accounting for just 5.7% of the average IT budget, it's imperative that your security solution gives you full value for money and is effective in providing real-time analysis and comprehensive visibility of all cyber threats. Ensuring that you get everything you need from your cyber security solutions has never been so important. 

Looking to learn more?

Time is money when your network has been breached. It can take 277 days on average for an organisation to detect and contain a cyber-attacker in their system. The longer attackers are in your network the more damage can be caused and the more time it can take for your business to recover.

Don't let your business be the next victim of cyber-crime. Discover how Celerity's Cyber Security Services will mitigate your business risks and let your IT department focus on priority tasks at hand and meeting core organisational objectives set by the business. Get in touch if you'd like to learn more!

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