Technological advancement has played a proactive role in the growth, expansion, and success of many business enterprises. The advent of Internet, which bought with it numerous other conventions, has helped a lot in revolutionizing the business world. Although there is no doubt regarding the fact that the adoption of Internet and its paraphernalia has brought in unlimited opportunities and benefits in the form of real time access, collaboration and integration for enterprises, it can not be denied that it has also been brought with it a whole lot of security issues.
Types of Threats
Today cybercrime is constantly evolving and the kind of threats that the enterprises face today is an indication towards that direction. The following are some of the threats that have increasingly become a cause of concern for the enterprises and organizations and these are viruses, Trojans, worms, spasm, spyware, risk ware, root kits, bots, phishing, external hacking, and insider attacks.
Although all these cause extensive damage, organizations need to be wary of external hackers and insider attackers in particular. This is because recent statistics attribute the escalating cyber crime ratio to these two. The role of insiders in data bread was something that was not acknowledged until recently since the focus of organizations has been entirely on external hackers alone.
External Attacks vs. Internal Attacks
while monetary gains seem to be the motive for fraudsters indulging in hacking, a reasonable percentage of the internal attacks are the doing of disgruntled and unfaithful employees who do it in order to tarnish the image of the company that they work for. And in most cases internal sabotage is a success since those who indulge in it knows exactly where to look for the sensitive company data and how to accomplish the task unnoticed.
Need of Effective Threat Management Strategy
until now, organizations and enterprises have been depending solely on point solutions. But these were not at all effective in containing this growing menace. Here, what is required is a proper threat management strategy that helps in recognizing and addressing security issues effectively so that the business remains unaffected.
By effective threat management, what is meant is a comprehensive solution that executes various security functions such as firewalling, antivirus, invasion prevention, anti spam, anti spyware, load balancing, content filtering, anti VoIP, anti P2P, anti phishing, and so on to protect organizations and enterprises from potential threats.
As per the latest research by the Ponemon Institute, the total cost of managing the consequences of data break incidents rose from $ 6.65 million (2008) to $ 6.75 million (2009). That means organizations need to shell out $ 204 per record. However, more than the data bread costs, organizations are concerned about their reputation, which once lost, is difficult to be regained.
Benefits of Effective Threat Management
- Continuity of Services Implementation of effective threat management helps organizations in identifying threats long before it can affect business thereby ensuring service continuity.
- Enhanced Operational Efficiency With effective threat management strategy in place, organizations can be assured of operational efficiency. Managing new applications or new offerings would never pose a problem for them.
- Low Costs Organizations can significantly reduce the cost of maintenance by implementing effective threat management measures.
- Risk Mitigation By implementing effective threat management strategies, organizations can not only predict possible security threats but also devise ways to counter it.
- Easy Configuration and Better Performance Implementation of the advanced threat management strategies ensures easy configuration and superb performance.
Thus, the implementation of advanced threat management measures guarantees organizations maximum efficiency cost effectively.