As our world becomes ever more digital, ensuring your organisation is protected against cybercrime, data breaches and other security threats has never been more important. And, if you don’t understand the threat, and haven’t put robust security processes in place, you are putting your business at risk.
So, what so do you need to know about cybersecurity?
The result of a data hack could be devastating
If your customer data is hacked, sold on the dark web and exploited by cybercriminals the results could be devastating. Both for the data subject and for your business – the organisation that failed to protect them. For example, only last month, it was revealed that Equifax faces a $700 million (£561 million) fine following its 2017 data breach – a hefty penalty that could have been avoided.
The Information Commissioner’s Office (ICO) has also announced plans to fine Marriott International £99.2 million following a data hack. It also plans to fine British Airways £183 million for its part in one of the most severe cyber-attacks in UK history. And these fines don’t include any compensation payments that will need to be paid to victims.
It doesn’t matter how big or small you are, cybercriminal want your data
The ability to harness big data is helping business of all sizes to become more efficient and support their customers better. But, if you think your organisation is too small to become a target, you couldn’t be more wrong. Cybercriminals are hacking businesses of all sizes. And SMEs are increasingly under threat because they don’t have the same resources to invest in cyber security as larger ones.
Cybercriminals are getting smarter
Cybercriminals are innovating rapidly, and they are supported with the latest tech. For example, they use automated “vulnerability search engines” to continually probe the internet for exploitable weaknesses to attack. And it’s not just lone hackers you have to worry about. Many cybercrime syndicates are evolving from existing criminal structures. And, in a bid to become as rich as possible, these criminals are sharing information and collaborating with one another. In fact, cybercrime for hire is on the rise, and costs are coming down.
The cloud isn’t your problem
Across the UK, organisations have been slow to transition to cloud services. Often because of concerns over cloud security.
But, in almost all cases, where a hack has happened it has been down to a poorly designed and maintained security system – not the weakness of the cloud. Indeed, data security is better in the cloud with public cloud infrastructure-as-a-service workloads expected to suffer at least 60% fewer security incidents than those in traditional data centres.
The truth is that the cloud provides organisations with access to an already-built secure IT infrastructure. This includes secure storage, data analytics, and methods of backup and disaster recovery.
Let’s face it, cloud providers have to create safe environments. They wouldn’t last long in business if they didn’t. Compare this to the many legacy systems that were built before cybercrime became widespread.
But cloud security is essential
With the number of connected devices expected to rise to 20 billion by next year, organisations are right to be worried about increased vulnerability. So, ensuring adequate cybersecurity must now be a critical priority. And, defending cloud infrastructure from compromise is a key part of this.
Crucially, when you work with a cloud provider, you must ensure that they understand the risks and know how to deploy solutions that reduce unnecessary exposure. They should also be willing to specify the security measures they will guarantee as part of your SLA.
At Cloud Geeni, we make security a top priority. That’s why our services consistently achieve the highest level of data security and reliability. For example, we provide stringent levels of encryption to secure data. We also have enterprise-level Juniper Firewalls, and best-in-breed Two Factor Authentication (2FA).
If you’re thinking about investing in cloud technology – but want to know more about how to ensure you stay secure– speak to a member of our team on 01942 261 671 to find out more.