Cybersecurity as a Service: What You Need to Know

Cybersecurity concerns have been on the rise worldwide. Threat actors now have more cyberspace to target owing to large-scale digitization and reliance on data. In today's digital and data-driven economy, compromising on cyberspace and reverting to traditional methods will lead to disaster.

Therefore, the only way forward is to anticipate cyber risks and be prepared. Cybersecurity as a service is vital to small, medium, and large-scale organizations to strengthen their security and be resilient to cyber risk. Cybersecurity companies have the required expertise and infrastructure to combat emerging threats in the industry. Here is an analysis of the various threats that industries face and how cybersecurity as a service can augment their efforts in countering them.

Data leaks

Businesses across industries rely heavily on data to carry out their operations. In addition, because the world around us is interconnected, this data goes through multiple stop points before it is effectively assimilated. As a result, there is a significant increase in the probability of data breaches and the possibility of data leaks, either due to insider threats or a lack of familiarity with cybersecurity procedures.

The zero-trust policy has been developed by providers of cybersecurity as a service to combat this problem. The approach requires multiple layers of authentication and verification for those handling data. Data access is limited to only those data segments that employees need to perform their duties. A zero-trust infrastructure enables remote working and secure sharing of cloud spaces. It also increases network visibility for adequate cyberspace protection and better protects sensitive and high-priority data.

Ransomware attacks

The world has witnessed an increase in ransomware attacks over the past decade. Many reports have suggested that 2022 can be seen as the year of ransomware attacks in India. In 2021, approximately 78% of the companies reported cyber-attacks, and this figure increased by more than 10% in 2022. Threat actors are now targeting small and medium-scale businesses as these enterprises spend less time and resources on cybersecurity infrastructure and are more open to exploitation. Big corporations rely on these organizations for services, and thus they can be reached through them.

In the case of such attacks, employing cybersecurity as a service is inevitable. Those with expertise in building cyber resilience help companies detect the point of breach, perform threat analysis, and secure frontiers to prevent such attacks in the future. They perform these functions in the least possible time and ensure that the affected company can bounce and initiate operations back as soon as possible.

Bottomline

Tackling cyber threats can be daunting for most companies, but the consequences of not doing so are dire. Leaving these threats unattended can cost them money and reputation. Therefore, companies have come to increasingly rely on cybersecurity as a service to secure their boundaries. Unfortunately, while cybersecurity endeavors are picking up pace, they are bound to be left behind, given the aggressiveness of threat actors. Therefore, organizations must be prepared and collaborate with leading cybersecurity providers, so threats do not cripple business operations.

Authored By: Sandeep Peshkar, Senior Vice President, Arete