Digital transformation can mitigate cybersecurity concerns
As a result of ongoing business disruptions, rising incident response costs, and incoming cyber threats from around the world, companies are rapidly adapting and constantly looking for ways to digitally transform their business. The advancement of technology is important for companies to remain competitive in their industries, but companies should also be aware of transformations to ensure that they mitigate security risk in the cyber environment.
As we know, the more digital information is, the more susceptible it will be to cybersecurity or ransomware issues, but instead of being afraid of what might happen if we move on to the next transformation steps, we need to look at how digital technology can strengthen our security. . .
Today, cybersecurity incidents are happening on the right and left and do not leave any individual or company safe. A recent study found that more than half of personal computer workers lost data at least once last year. While it’s clear how crucial online security is to people, it’s even more important that small businesses and managed service providers (MSPs) get a cybersecurity policy. Because? Just as medical insurance cannot prevent it from getting cold, cybersecurity cannot prevent an attack from occurring, but it can help mitigate losses from data destruction and theft, extortion lawsuits, crisis management activity and legal claims for defamation, fraud and violations of privacy, legal defense and more.
We know that cybercriminals look for opportunities to violate businesses and MSPs, so by taking out cyber insurance, you can take a critical step to ensure that the road to recovery after a data breach is not as strenuous as it is. would be without.
Digital technology to mitigate risk
While cybersecurity does not prevent a real cybersecurity incident from occurring, there are other steps that both individuals and businesses can take to insure themselves. One of the ways digital transformation supports cybersecurity is with the use of enterprise password management (EPM) software. This is a step a company or MSP can take to reduce their cybersecurity policies and also shows a cybersecurity company that they are taking the necessary precautions to be accountable for their data.
An EPM solution tracks password security for all MSP employees – features such as a built-in password generator, secure credential storage, and automatic credential filling help companies and MSPs use strong, unique passwords to protect both systems and their customers.
The advantages of adding layers to security
Another way we have seen security being digitally transformed to mitigate cyber threats is by adding multiple layers of security. Multifactor authentication (MFA), specifically a solution that incorporates biometric and contextual authentication, can significantly increase security in a quick and easy way for employees and adds additional layers of authentication to the login process that they can help prevent hackers from having your account. hostage systems in a ransomware attack.
According to Microsoft research, more than 99.9% of Microsoft accounts that are compromised each month do not have MFA enabled. Unfortunately, many companies still don’t see the growing value of requiring employees to use this extra security step. In a recent survey by LastPass, it was found that only 48% of companies required employees to use MFA.
The digital transformation is really extensive; however, companies are shifting to a world where they use data and analytics for everything. As people, businesses, and MSPs continue to transform the way they work with data in this new digital space, it’s important to make sure we’re also stepping up security systems to go one step further.