Cyber-crime stories are making at the top of news headlines across various industries. Whether it is a start-up or an enterprise, all businesses at vulnerable to cyber-attacks at any point. These breaches are increasing at a fast-pace. From 2005-2021, there have been many data breaches that have affected millions of users. Cyber-attacks are the fastest growing crimes and they end up increasing costs for businesses. The only threat is that cyber-criminals are smarter and more sophisticated than before. A cyber-security testing company can help in overcoming vulnerabilities along with providing protection.
Businesses dedicate their investments for cyber-security
Cyber-criminals carry out attacks much more fiercely than ever before. According to different researchers, these numbers ought to increase with time. Even though companies are investing huge amounts in cyber-security compliance, there is no perfect strategy for businesses. Even huge businesses that have made huge investments in cyber-security are still vulnerable to cyber breaches. Similarly, the failure of businesses in dealing with cyber-security faces huge losses due to major breaches in their systems.
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Companies keep cyber-security issues on top of their agenda
When businesses hire a cyber-security testing company, they expect protection from any cyber-attacks. Imagine if the top businesses are investing so much to improve their security, how it would be impacting the small businesses and startups. According to Wipro, an IT firm, 65% of organizations globally now track and report security regulatory compliance to ensure the data protection practices meet all the cyber-security guidelines. Additionally, 49% of C-level executives who participated in Deloitte’s Future of cyber survey 2019 bring up their cybersecurity issues on their agenda once a quarter. Whereas, 70% of CIOs report that these issues are discussed in their agenda on a quarterly basis.
Companies should avoid breaches to remain protected
All security researchers are vigilant to avoid such breaches. Companies that ensure they are prepared for an attack always stay ahead of time. It becomes important for companies to employ external experts to test both external and internal firewalls and assist internal compliance too. Businesses should also provide a set of key performance indicators (KPIs) and key risk indicators that enable them to quickly asses the security within their organization. The board plays a vital role in recording and defining a company’s cyber defenses. Companies are also coming up with what the level of involvement is for the board with respect to cybersecurity.
The technological changes with present opportunities and pose threats for organizations. Since 5G mobile technology is growing, it will transform internet communication and also allow billions of devices to come online. 5G is more likely to be a hit for consumers and businesses. With cybersecurity being the main concern, organizations will have to restructure their strategies according to the present situation. Moreover, software testing companies can contribute to improving security checks and protect sensitive information. It can also help in reducing the number of cyber-attacks in the future.
Infographic created by Donnelley Financial Solutions, an ESG data management company