[BreachExchange] Cybersecurity: Is it Time To Change Our Mindset?

[Destry Winant]

https://www.siliconindia.com/news/general/Cybersecurity-Is-it-Time-To-Change-Our-Mindset-nid-206253-cid-1.html

The threats to personal and business networks have increased
drastically over the years. Today, it is no longer possible to
overlook the cybersecurity needs of the business. The nature of
attacks to networks as well as the motives behind attacks have all
evolved. The internet has undoubtedly become very close to our
personal lives and business lives. In a world where cybercrime can
amount to sabotage, fraud and even terrorism, it is no longer possible
to ignore the need for robust cybersecurity systems.



The Challenge



For organizations and private companies, the concern is quite big.
Vulnerabilities in the networks can lead to big financial losses.
According to Barkly, the average cost of a single ransomware attack in
the modern day is $5 million. It is not just the money that is at risk
during a cyber attack though. The reputation of the company can go
down the drain and this could possibly lead to the total collapse of
the business. This is why the costs of protecting the things that
matter in the company have gone up. The technology has evolved so
quickly that it is no longer possible to guarantee total protection of
networks. Even though new solutions to threats are being developed
each day, new hacker threats are also being realized at the same pace.



What companies need to do



At such a time when there is no surety about anything, the real
question becomes – what is the best way of tackling modern security
challenges? The solution lies in having real-time responses to cyber
attacks. For many years, companies have relied on having proactive
measures. This is not the only strategy needed though. The attitudes
towards cybersecurity should change to allow more progressive
measures. Reactive and real-time responses also need to be put in
place such that no threats are allowed to sail through.



It is not out of place for companies to assume that their networks
will be attacked. In fact, it is best to anticipate attacks and to act
on them immediately they take place. In order to be successful when
doing this, companies will be required to take the front seat when it
comes to detecting threats.



The essence of the new approach



The problem with the traditional cybersecurity measures is that they
are often too late when it comes to detection. This is because it is
only possible to detect attacks that have already happened. The focus
of companies thus becomes correcting the damage that has already been
done. The weaknesses of this approach are seen every time a company
comes out to announce the details of data breaches. With the ability
to detect threats in real-time though, companies can prevent any
damage that an attacker might be trying to cause.



The great thing is that there are already such solutions being
developed. Sophisticated in-memory solutions from various
cybersecurity companies are actively making the internet safer through
the use of different approaches all at once. As Jamie Cambell from
GoBestVPN has noted, the strategic partnerships that have happened in
the recent past between the key organizations in the cybersecurity
realm have yielded some great results.



High-performance computing platforms are able to achieve super speeds
that are many times faster than what is currently on the market. The
speed of such platforms is critical for quick detection of threats.
For companies that have embraced the new systems, there is no delay
when it comes to active threat detection.



Importance of setting priorities



While the capacity to detect threats in real-time is achievable, it is
important to prioritize strategic targets in times of attacks. These
high-value targets are some of those that might lead to great losses
in terms of financial and data terms. Critical data infrastructure and
financial operation platforms, for instance, should take precedence
when it comes to protection during an attack.



The final word



Cybersecurity threats are real and there is no going around that fact.
Every organization thus needs to have robust systems that are meant to
deal with cyber attacks. Cybercrime is evolving with each passing day
and there is no single entity that can claim to have complete
solutions for threats. With the right attitude, however, companies can
be able to detect and prevent attacks with strategy. The best way of
keeping valuable assets safe is by having real-time threat detection
and resolution tactics.