Estimates show that cybercrime will cost the world $10.5 trillion annually by 2025.
It’s a major issue that’s getting worse every year as the world becomes more digital. A business that falls victim to a data breach can suffer greatly, so it’s important to keep yours safe. Having a robust cybersecurity strategy in place will help you protect your enterprise architecture.
In this guide, we’ll explain what enterprise cybersecurity is and why it’s so important for modern businesses. Keep reading for more.
What Is Enterprise Cybersecurity?
Enterprise cybersecurity is a practice that has the goal of protecting data, information, and digital assets within a company or organization. This can include companies of all sizes, and it helps protect against malicious third parties as well as internal attacks.
Why Is Enterprise Cybersecurity Important?
Suitable enterprise security can turn a vulnerable system into a secure one. This can significantly reduce the risk of data leaks which can lead to financial loss and a loss of trust. If customer data is stolen from your system, people are likely to lose faith in your business and turn to your competitors.
The damage caused by a data breach can vary significantly depending on the size of the business and the scale of the attack. The average cost (as of 2023) of a data breach is $4.45 million, so this is something you definitely want to avoid.
Major Enterprise Cybersecurity Threats
There are different types of cyber-attacks that criminals will use. Some of the most common include ransomware, phishing attacks, IoT attacks, social engineering, and insider threats. Malicious parties are always looking for new ways to exploit systems, so it’s important to make sure your cybersecurity strategy stays up to date.
Best Practices for Enterprise Cybersecurity
As a business leader, you’re responsible for making sure customer and employee data is secure at all times. There are some best practices you can adhere to that will help you do this:
- Define assets and environments
- Implement early detection systems
- Use an end-to-end data protection solution
- Implement a Zero-Trust framework
- Maintain data encryption
- Configure management
- Understand the cyberhealth of target organizations
- Continuously monitor vendor security
- Integrate and automate workflows
- Verify regulatory compliance
- Report to executives and boards
- Educate your employees
The last point here is easily forgotten, but it’s also one of the most important. Approximately 82% of data breaches are the result of human error, so it’s vital that you ensure your workers are aware of the risks out there and how they can avoid them.
Network security is very complicated and often difficult to manage internally. For many companies, the best approach is to hire a third-party company to maintain their cybersecurity system. You can click for outsourced IT services if you think this would be ideal for your business.
Keeping Your Company Safe
Cybercrime is a major issue, and it’s only likely to become more prevalent in the coming years. Ensuring you have a reliable enterprise cybersecurity strategy in place will protect your business, customers, and employees. Falling victim to an attack can be devastating for a business, so it’s well worth ensuring your systems are as secure as possible.
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