We live in the age of data and virtual workspaces. With interconnectivity at an all-time high, businesses are finding more and more novel ways to thrive and survive in this virtual space. But have you and your business, like countless others, been prey to cyberattacks and breaches? Have you ever wondered why despite having firewalls and protocols, you still end up losing heavily due to the constant threat of cyberattacks? Well, then you need to employ continuous cybersecurity monitoring in your system.
Continuous cybersecurity monitoring is an intelligent approach against cyberthreats that automates the monitoring of your IT ecosystem, which enables the detection of security risks in real-time and also sends alerts to a security incident and event management (SIEM) system. As you scale your digital presence, it ends up becoming harder for IT departments to manually manage the monitoring against cybersecurity threats, and in such situations opting for automation that utilizes AI and ML gives you the ability to aggregate your control monitoring data and helps prioritize alerts.
Cyberattackers are finding new ways to breach past existing firewalls and protocols, and exceedingly succeeding at this endeavour. According to the FBI, 6.95 million new phishing and scam pages were created, making it the most common attack in 2020. Statista reported that 64% of organizations worldwide were most likely to experience a data breach as a result of COVID-19.
Even with a relatively stable infrastructure, attackers are finding ways to exploit vulnerabilities and cause damages in the range of millions of dollars. This is where continuous cybersecurity monitoring comes into play with its added layer of protection and inherent ability to track down leaked credentials and exposed data on the open, deep, and dark web. This article will give you an idea of why continuous cybersecurity monitoring is extremely crucial for your organization.
Why is Continuous Cybersecurity Monitoring Important?
The cybersecurity landscape is constantly evolving, and relying on age-old tactics and strategies won’t be enough for you to ensure the overall cybersecurity of your organization. You need to adopt a proactive approach that will enable you to be prepared for attacks. Here are a few reasons why continuous cybersecurity monitoring is crucial for your organization.
Reduced Data Breaches
A recent report from PurpleSec showed that cyber incidents rose 600% during the pandemic. This is a clear indication that businesses, big and small, are constantly exposed to cyber threats. Continuous monitoring will help you detect attacks ahead of time and tackle them before they wreak havoc. Prior detection of unusual activities on your network will allow you to isolate the attack and prevent it from spreading to other areas.
Your IT team might also be getting thousands of alerts on a routine basis, and identifying the important ones can be a major hassle. Continuous cybersecurity monitoring with automated solutions helps your organization prioritize the alerts so that your team can better secure your IT stack. This will greatly help you protect your and your client’s confidential information.
Greater Compliance with Standards
According to a report by IAAP, In 2018, businesses spent $1.3 million on average to meet compliance requirements and were expected to put in an additional $1.8 million. A research paper, titled ‘Global Data Privacy Laws 2019: 132 National Laws & Many Bills” reported that by end of 2018, 132 privacy laws had been passed or introduced globally. With new laws and regulations being introduced regularly, organizations are under constant stress to meet these standards to keep their reputations intact and to also avoid hefty fines and legal reputations.
A major reason why continuous cybersecurity monitoring is important is that it enables organizations to continuously assess their overall security infrastructure to determine whether they are complying with their internal information security policies and are also in compliance with government mandate standards on a day-to-day basis, as well as when changes occur.
A recent study published by IBM highlighted that it takes 280 days to find and contain the average cyberattack, while the average attack costs the business a whopping $3.86 million. Timely response to cyberattacks has forever been a concern in the cybersecurity industry, and delays in identification and containment can have long-lasting effects on your organization.
Continuous cybersecurity monitoring will provide you with round-the-clock surveillance of your IT systems and will help you employ updates to your system to ensure that its fully functioning and that it supports your day-to-day operations. With added benefits of minimizing data breaches and timely response to threats, continuous cybersecurity monitoring will assist in avoiding IT downtime that could lead to major financial losses for your organization.
Why Choose Intone Continous Control Monitoring (iCCM)?
A study by RiskIQ research revealed that cybercrime costs organizations $2.9 million every minute, and major businesses lose $25 per minute as a result of data breaches. Cybercrime Ventures forecasts that cybercrime-related damages will hit $10.5 trillion annually by 2025. These numbers just highlight the dire needs businesses are facing when it comes to protecting their IT infrastructure from cyberattacks. We at Intone understand this need and have developed a continuous control monitoring plan that can help secure your systems against the latest threats plaguing the industry. We offer,
- An end-to-end enterprise platform integrates key GRC functional requirements of security, risk management, incident management, data visualization/ virtualization, continuous control monitoring, continuous auditing, robotic process automation and fraud, and compliance management into one single solution.
- Connections with 240+ Industry Standard Data Sources and applications.
- Low-Code/No-Code Platform with drag/drop features and In-Built Multiple System Communications Feature.
- An automated ERM and control response system along with automated incident management and resolution system.
- A microservices audit platform with real-time reporting and Uninterrupted underlying systems.
- We offer SSL encryption and AES 256 bit encryption to ensure that your sensitive data is safeguarded against malicious attempts at modification and manipulation.
- We offer state-of-the-art infrastructure in terms of cybersecurity, with secure architecture, firewall, and intrusion detection/prevention system designs to boost your security against cyber breaches and threats.
- Intone offers an extensive range of regulatory, data privacy, and Sarbanes Oxley compliance and industry solutions to meet the current regulatory requirements and to ensure that you will not face any trouble when it comes to product/process-related compliance requirements.
- Our RPA will anonymize your data to ensure greater protection of sensitive data and information.