Organizations can no longer ignore Advanced Security Analytics

Organizations as well as governments across the globe are according high priority to cyber risks. In the computerized world of contemporary times, the potential of new risks emerging every hour of each passing day is very high. It is also important to mention that being connected to the internet only enhances the possibility of hackers wielding their negative influence on organizations. Needless to say, cybercrime is emerging as a big business with hackers bracing up to identify weaklings within organizations. No wonder, there is a never-before-seen-like focus among organizations as well as governments to address the issue of cyber risk. The need of the hour for organizations and governments is to devise a well-thought-out cybersecurity strategy, wherein they can keep the hackers at bay. So much is at stake as monetary and reputational risks can be really high. This is where Advanced Security Analytics is so critical for organizations and governments to ensure a cyber-attack free environment. A 2018 Cyber Security Breaches Survey only makes it crystal clear why Advanced Security Analytics is a business imperative. The onus is on organizations and governments to drive an efficient Advanced Security Analytics process in pursuit of coping with cybercrime activities.

A 2018 Cyber Security Breaches Survey brought to the fore the fact that over four in ten (43%) businesses and two in ten (19%) charities in the UK were at the receiving end of cyberattacks. The survey also revealed that 38% of small businesses did not undertake any proactive measures to protect themselves from cybersecurity threats. What is more concerning are the findings of another survey conducted in the UK, which indicated that a third of UK small businesses are risking their online safety by operating at or below the “security poverty line”. Clearly, Advanced Security Analytics is the need for businesses.

Advanced Security Analytics can help organizations and governments address the most widely prevailing cyber-criminal activity such as sending out fraudulent e-mails and impersonating organizations online. In fact, the findings of an Internet Security and Threat Report only makes bring into focus the importance of Advanced Security Analytics. This report identified malicious e-mails as the most common type of cyberattack in the Internet Security and Threat Report. A research conducted by the Ponemon Institute indicated that the consequences of cyber-crime are costly as the total average cost of a data breach in 2019 was estimated to be around $3.92 million.

Advanced Security Analytics for businesses is no more a nice-to-have thing for organizations and governments – it has become an absolute business necessity to embrace Advanced Security Analytics to ensure day-to-day operations of organizations and governments run unhindered sans cyber-attacks.