Minimal downtime and secure data transmission are essential for keeping your company financially sound. If your employees cannot work due to network issues or hacking, your business loses money. Let’s go through some alarming facts first.
As per the IBM report, the global average cost of a data breach across various SMBs (Small and Mid-size Businesses) remains at $3.9 million every year. Another study of the University of Maryland has revealed that a cyberattack occurs every 39 seconds anywhere in the world.
These stats are sufficient to show the importance of information security services for your company. There is no point in living with a false belief that the company’s information is completely secure and there is no threat. Attempts of breaching your company’s valuable data can be increased as your company grows. Advancing technology has also strengthened the ways of cyberattacks.
Let’s understand the importance of IT security services for your company. We will start from scratch and understand the term information security in brief.
Information Security- Brief Introduction
Information security aka infosec is a process of preventing counter threats, confidentiality, disruption, destruction, and modification of confidential business information by preventing unauthorized access. It aims to safeguard the company’s data from any malicious attempts or hacking. Corporate information or data includes business information, personal information, and any sort of data in digital or non-digital form.
When a cybercriminal or a hacker infiltrates a data source to extract any confidential information by accessing a computer or network, a data breach occurs. Though most data breaches are hacking or malware attacks, some attempts include payment card fraud and loss or theft of a hard drive of files. Here are the most prevalent cyber-attacks for data breaches.
Types of Data Breaches or Cyberattacks
Also known as “malicious software”, malware can be described as any code or program designed to harm your computer or software. Malware usually masquerades as a warning against harmful software and attempts to convince users to download a specific type of software. Once the software is downloaded, it can steal, encrypt, or hijack key functions of the victim’s computer.
It is a type of software that aimed at gaining access to and restrict access to the company’s vital data. It can lock down files and systems. Hackers can then ask for a fee in the form of cryptocurrency to free the system. Enterprises and businesses of all sizes can be victims of ransomware attacks.
These are the most common ways by which hackers can gain access to sensitive or critical information. It starts with sending fraudulent emails that appear to come from a reputed company. Phishing scams are designed to deceive recipients into either clicking on a link or downloading an infectious attachment. This results in the loss of financial or confidential information. Businesses and individuals remain the common target for phishing attacks.
Denial of Service or DoS is a kind of cyberattack in which the hacker seeks to make a machine or network resource temporarily or indefinitely unavailable for use. It is typically done by sending superfluous requests to the targeted machine or resource to overload it and prevent a few or all legitimate requests from being processed. Banks remain the common target for DoS attacks.
Information security services enable to address these threats effectively.
Importance of Information Security for Modern Enterprises
There is no denial of the fact that any breach or stealing of internal corporate information can cause a financial and reputation crisis for the company. Companies may face a domino effect that triggers several unwanted consequences, and as a result, such companies may come on the verge of closure in a short time.
IT security services enable companies to get rid of all such vulnerabilities and cyber threats. But then, still many SMBs tend to believe that they are not a potential target, and therefore, they do not want to invest in data security. Such companies can remain the soft target for hackers, and they can launch various cyberattacks successfully. Be it a startup, SMEs, or large enterprises, the losses that occur due to such attacks have often shocking aftermath.
The biggest advantage of information security services is they can protect the confidentiality of corporate information. Here are the other top benefits of information security or infosec for modern enterprises.
Top Benefits of Information Security for Companies
- Prevents Unauthorized Access
Information security services implement encryption, password protection, and other advanced security protocols in the business databases to prevent any unauthorized access. Information security is also designed to provide access to corporate data based on Hierarchy.
- Protects Confidentiality of Information
It is necessary to protect the confidentiality of information for ensuring corporate integrity. An IT security services provider assists companies to keep users and IT professionals in the loop to implement the best practices for avoiding any confidentiality-related risks in the future.
- Keeps Data Backups
IT security services also provide a data backup facility to reduce downtime during any breach attempt or a cyberattack. Data backups can remain handy to protect all necessary information for ensuring seamless operations of the company during the instance of a cyberattack.
- Offers Extensive Security
Reputed information security providers offer SOC (Security Operations Center) to deal with computer security-related issues efficiently from a single place. It is designed to offer the top-notch security to your corporate data.
In this turbulent time, it is necessary to prevent your company’s crucial and confidential data from going into the wrong hands. Information security services can assist you to accomplish this goal by keeping threats and vulnerabilities at bay. In a nutshell, information security will remain an indispensable factor for ensuring the growth of your business in years to come.
Silver Touch Technologies is renowned and reputed IT infrastructure management service provider. Our wide array of infrastructure management solutions include end-point asset management, security monitoring and management, backup and replication services. We oﬀer a variety of services ranging from monitoring to management to our global clients across different industry sectors. Just send us an email at email@example.com to get the strategy for safeguarding your organization’s data.