Enterprise cybersecurity is essential for all organizations, especially in this day and age, where cyber threats are rampant and running wild. To understand the significance of enterprise cybersecurity, let’s look at some of the most prominent cyberattacks of the past couple of years. These attacks left organizations’ security and integrity at stake.
Facebook disclosed its worst-ever data breach in 2018 that affected 50 million users, including Mark Zuckerberg and its COO, Sheryl Sandberg. There was a data breach of over 412 million user data from FriendFinder’s website in 2017. In the same year, Equifax data breach accounted for the data theft of 147.9 million customers. From 2013 to 2016, 3 billion Yahoo accounts were affected where email addresses and personal information of the users were compromised. Uber is another biggest breach that affected 57 million riders’ and drivers’ data.
The biggest companies across the world have suffered massive security breaches, which raises the alarm on how critical data security is. According to Statista, the U.S. recorded over 1,244 data breaches, of which over 446.5 million records were exposed in 2018. Surprisingly, these figures reflect only reported attacks. The actual numbers could be much higher.
This article talks about the need for enterprise cybersecurity, along with a few long-term solutions that can be implemented to overcome future consequences.
Cyberattacks leverage technologies
Cybersecurity has grown from manageable threats to complex attacks while leveraging higher algorithms and sophisticated technologies. Considering highly complex modern attacks that require collecting a lot of information to documenting them, makes it difficult for the enterprise cybersecurity team to attend the process in a specified timeframe. IBM has identified that companies take about 197 days to identify a breach and 69 days to contain it.
On average, to overcome the problem of time management, detection and response teams must be prompt and assertive for cyber threats. The cybersecurity team should focus on more strategic threats than being scattered all over.
Artificial Intelligence: Powered by cybersecurity
Automation in cybersecurity has been widely used for many years to receive an alert on threats. But due to the rampant increase in the number of attacks, the alerts generated by security automation is overwhelming. The high number of irrelevant alerts arising all the time buries severe threats. This enables security teams to realize only the occurrence of the incident. Organizations are bound to either manually filter alerts or deploy customized automated security solutions. In both situations, organizations must leverage their resources, which may prove quite expensive.
AI-powered technologies can be a solution to hand-pick crucial threats. They are cost-effective as they reduce detection and response time while identifying the most critical threats. In an exclusive report of Capgemini on Reinventing Cybersecurity with Artificial Intelligence, 61% of organizations accept that they cannot detect breach attempts without the use of AI technologies. Also, 48% of organizations are increasing their budgets by an average of 29% in Fiscal Year 2020 to leverage AI in cybersecurity.
Effective secure coding
A poorly written code can make the entire application vulnerable. The flaws in a code can further spread vulnerabilities to other components that it interacts with. A minor flaw can damage or exploit critical parts of a company’s infrastructure. By hiring an application security engineer to develop a secured application and ensuring security throughout the software development life cycle can be achieved.
Applications developed for various platforms would proliferate from different sources. Organizations that have been effective at protecting their server, often overlook endpoints, which deteriorate their application layer, forcing the application to remain highly vulnerable. Applications are the business-medium, and organizations should protect them from malicious actors who can easily intrude vulnerable applications and destroy the digital infrastructure.
From bugs to vulnerabilities
The credit and debit card details of a prominent Indian bank of nearly 10,000 customers were found listed for sale on the dark web for $4-5 per card. Bugs are the results of development teams ignoring security defects due to time constraints. The careless left-out legacy code creates vulnerabilities for the attackers to exploit and intrude. Irrespective of all security measures and automated threat alerts, one bug can pull down the organization.
To conclude, enterprise cybersecurity should no longer be another layer over business applications and instead must be a part of the development workflow. Many security issues like lack of security functionality, malicious code, etc. should be addressed during the development lifecycle of the application or software. For pre-existing applications, security can be ensured via a comprehensive assessment.
Cyberattacks have become more sophisticated and complex, and the organization should invest more resources to secure their infrastructure. Besides, security budgeting, talent-acquisition has become more challenging for enterprises. The management is not able to find security professionals with the required credentials to match their requirements. To overcome this rising issue, many managers are considering in-house training.
EC-Council cybersecurity certifications serve the purpose of bridging the talent gap. The certifications are industry-recognized and are developed precisely, which makes the individual competent in the skills required for the job. The programs are related to basic and specialized skills of cybersecurity that caters to the need for security at different levels in an organization. Learn more about EC-Council’s programs.