Hackers are like mice – if there’s a way for them to sneak into your IT network, they’ll do it eventually. All they need to make is one successful cyberattack to cost your business millions. Unfortunately, most businesses lack the time or resources to monitor and mitigate every potential hole in their IT security. And though you can’t be everywhere at once, leveraging a data driven cybersecurity plan in the right way expands your cybersecurity coverage and prioritizes the most acute threats to your business.
What a growing number of businesses are learning to do is treat cyberthreats the same way as other business challenges: analyze them, uncover intelligence, and make predictions to handle future possibilities. That way, even smaller cybersecurity budgets can be stretched to provide the greatest defensive ROI. Here are three ways we’ve already seen smart data usage improve Atlantic Canada’s ability to outwit hackers.
1.) Analyze Real-Time Action
Most cyberthreats aren’t recognized until a forensics team is piecing together the evidence post data breach. Atlantic Canadian companies lose colossal amounts of data and millions in revenue by that point. Compiling critical data in real-time improves the identification of suspicious activity and potential threats prior to them becoming problems. Yet the right tools need to be in place beforehand to gather data.
Consider a cloud managed wireless solution like Cisco Meraki. These platforms pull from evolving attack profiles compiled by Cisco to help quickly and effectively respond to active threats. Businesses can customize their notifications to pick up anything from malicious devices spoofing access points to conflicting reports from IP addresses. Advanced notifications then are used to counter the preliminary events that could lead to data breaches.
2.) Narrow Focus to Top Vulnerabilities
Which cyberthreats are more likely to impact your business? Most businesses do not have enough exposure (thankfully) to the full spectrum of cybersecurity threats to properly predict the greatest hazards. However, the vulnerability databases and reports available through large industry experts offer the scope needed to forecast the most probable cyberattacks.
Symantec puts out their annual Internet Security Threat Report which details the trends and evolving strategies that cybercriminals are using to compromise businesses worldwide. Atlantic Canadian businesses can use the data from this report to prioritize security products, countermeasures, and training that mitigate threats. For example, their report shows the massive rise in ransomware in the last two years, indicating the importance of investing in data recovery and continuity solutions and training employees to spot suspicious emails. The assorted data in these reports helps businesses take precautionary steps to minimize the possibility of threats well in advance.
3.) Search for Anomalies
All of your regular IT systems are providing data on their performance and functionality. Why not use them to protect your business? Establishing the base line of daily operations sets up a framework to reveal warning signs. Data from historic assessments of path analytics (tracking a user’s movement through websites or platforms) or event correlation (determining how IT events relate) helps to build a reliable archive of patterns and paths.
From there, companies analyze the data in real-time and identify anomalies as they occur. Their ability to make sense of the data depends on the strength of their data analytics platform. In some cases, that involves building a platform from scratch, but there are a growing number of data as a service providers capable of delivering cost-effective analytics tools. Companies just need to explore which are designed to enhance their data driven security strategy.
Why Data Driven Cybersecurity Is Non-Negotiable
Though incorporating data analytics into your cybersecurity toolkit yields a great ROI, navigating the available tools takes an understanding of the underlying problems, solutions, and providers themselves. Unfortunately, all that extra work is non-negotiable. Every company needs to take cybersecurity strategy as seriously as their business plan – otherwise, they risk jeopardizing their profitability and overall assets.
Want to learn more about the latest cybersecurity threats to your business (and how to overcome them)? Download Our Cybersecurity eBook.