Cyber Security – Mitigating Risks

In order to find how serious the cyber threats have become, all we have to do is to look at the timeline of the series of attacks that have taken place around the globe over the past 5 years. Computer viruses along with malware and hacking attacks have become more complex and difficult to anticipate.

The numbers are staggering. Number of reported incidences have skyrocketed from around 5,500 in year 2006 to over 48,500 incidences in 2012 according to US-Cert.

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So what can organizations do to better safe guard there networks? As emerging technologies such as cloud computing, mobile and big data become more wide spread, it is imperative for organizations both small and large to formulate a strategy to minimize the risks of such attacks. Here are some guidelines:

1.) They can start by collaborating and developing secure information sharing.

2.) They need to implement real-time awareness to determined different types of threat levels and risks.

3.) With in the organization, they need to define clear usage policies for data access and ownership.

4.) More often then not, they need to review as well as test systems to assess vulnerabilities.

5.) Organizations need to train their staff as well to understand compliance requirements to keep systems secure.

According to study conducted by Ponemon Institute’s 2013 Cost of Cyber Crime, on the average a company in the US gets more than 100 successful cyber attacks each year at a cost of $11.6 million. That’s an increase of 26% from 2012.

The good news is that study further showed that companies that implemented and were enablers of security technologies reduced losses by nearly $ 4 million. Furthermore, those companies that even practiced employing good security governance reduced costs by an average of $1.5 million.

The security professionals at Silex Systems can help your company plan a strategy to safeguard its data assets against cyber threats. We at Silex Systems can provide a total turn key solution based on both the latest hardware and software. Call us today and sleep stress free tonight!

 

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