Cybersecurity software is a subset of risk management solutions designed specifically for protecting your digital business interests against vulnerabilities. Whether you depend on a full scale IT network, an international eCommerce platform, or a single Internet-accessible computer, cybersecurity has become vital to defend companies from cyberattacks of all kinds, including:
It’s important to note many cybersecurity systems are included as part of integrated risk management (IRM) software, as both focus on IT vulnerabilities and cybersecurity-based risk. However, IRM tends to be aimed at identifying threats and promoting safe decision-making while standalone cybersecurity software can include post-incident management tools to mitigate damages in the event of a security breach.
Protecting your business online can offer your company many long-term benefits. Learn about just a few of the ways cybersecurity software can improve your operations:
With the rise of Internet-based workloads, more and more businesses are utilizing remote work opportunities for their employees. Yet even if your employees are well-meaning and fully trained, they can create unnecessary risk for your company if they attempt to log-in remotely without proper permissions and security features. One person using an unsecured home network can expose your entire business network to vulnerabilities.
Cybersecurity solutions with endpoint protection provide the tools necessary to block malware and spyware your employees may encounter on their own devices or company-supplied computers. For instance, you can require anyone working remotely to use two-factor authentication before logging into the main company network.
Penetration testing tools can help your security team find potential vulnerabilities in your network before they can be exploited. Additionally, cybersecurity software can flag suspicious communications which may be part of known phishing attacks. Employees, particularly those who are not tech-savvy, who check their work emails can know which messages may be scams before they can cause any damage.
You might not think your company deals in sensitive data, but you’d be surprised to know how much of a security risk unencrypted data can be for your company. Hackers know how to exploit the smallest weakness in endpoint security to get what they want. Multiple government agencies have set strict safety standards to protect businesses from these security threats. Through cybersecurity software, your company can stay ahead of ever-changing Internet safety regulations.
Regulations your cybersecurity system may address include:
In addition to these US-based regulations, there are different regulatory requirements country to country, such as the global Payment Card Industry Data Security Standard (PCI DSS). If you operate an international business, you’ll need a cybersecurity system which can address these international standards wherever you are.
Even with the best security, cyberattacks can still impact your network. For example, an employee could expose the system to a virus by accessing a phishing scam through their personal email or device. Fortunately, you can mitigate the damage from cyberattacks by utilizing incident management tools from cybersecurity software to minimize the short and long-term impact.
Once remediation is over, auditing your network security can help you better prepare for future threats. Automate firewalls with machine learning to create new barriers based on past vulnerabilities. Or use penetration testing to find potential issues in real-time. Each new threat is a chance to improve your security system.
Cybersecurity software can be expensive since the cost is determined by the size of your network, how many devices you have, and the amount of potential users there are. Every one of these variables creates potential vulnerabilities which need to be addressed by the security platform. The larger the network, the higher the SaaS cost. As such, you can expect to pay anywhere from $5 to $35 per user per month just for the basic software. While this initial startup price can be daunting, it’s important to note that using preventive security measures can save your company far more from ransomware and other malicious attacks.
Another cost factor will be whether you want application security for any custom company apps your employees might use on their personal Android and iOS mobile devices. Any possible endpoint your workers use to access your network needs to be included to make your security network effective.
There are free cybersecurity software products out there, though those are primarily for personal threat detection rather than protecting an entire organization’s network. There are some discounts for startups and small businesses, along with free trials to test out your new security system.
The increase in remote work opportunities has also led to an increased need for endpoint protection, so it’s no surprise many large businesses saw more data breaches and malware attacks in recent years. In fact, Symantec’s 2019 Internet Security Threat Report revealed:
The undeniable increase in cyber threats has led to legislation being passed around the world to protect data and consumer privacy. Cybersecurity software keeps your network security compliant with these local, national, and international regulations, including the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).