Could a Security Lifecycle review save your business from disaster?
09 February 2017
When was the last time you carried out an IT security assessment?
In 2012, FBI Director, Robert Mueller stated, “There are two types of companies: Those that have been hacked and those that will be.” Just a year later, in 2013, the retail giant Neiman Marcus suffered a severe data breach that resulted in the exposure of 350,000 credit cards. It’s since been recorded that of those accounts exposed, over 9000 were used in fraudulent activity.
We’ve now reached 2017 and businesses of all sectors and size are facing this common threat day in, day out.
With hackers delivering some of the most sophisticated and well-targeted attacks ever seen before, businesses are turning to technology to save them from disaster. But without knowing what it is that’s making the businesses vulnerable, it’s extremely challenging for IT Managers to determine whether they’ve got the right security tools and configurations in place or the security they require. Today’s IT Managers must be able to identify where their network weaknesses are, and this can be a long and confusing task that requires a unique look from the outside in.
A solution to this problem would be to under-go an IT security assessment. This will show you what risks may exist on your network and where choosing different point products could be leaving you vulnerable. An IT risk assessment could save your business from disaster.
Here are 4 reasons why you should consider an IT security assessment:
1. You will spot your vulnerabilities before criminals do
Did you know that there is a growing market of organised, well-funded criminal gangs that systematically exploit known weaknesses? Someone out there is planning to target you!
It’s therefore vitally important to make sure you stay ahead in the race to find your vulnerabilities before these criminals do, and an IT security assessment will help you spot your weaknesses first. It may be a race you’ll never win, but staying ahead of your attackers will make you less vulnerable to breaches.
2. Expose problems you didn’t know existed
Because cyber threats are constantly changing, detection is a must. It’s very common for business networks and systems to have vulnerabilities that are not easily detected. IT risk assessments will ensure you stay ahead of the latest threats and help you put the appropriate technology and controls in place to detect them. By continually testing your systems and networks you can successfully measure and improve your security posture.
3. Obtain evidence that your network security works
A constant bother for IT managers is providing the proof that their expenditure on security solutions and tools is appropriate and more importantly, cost-effective. An IT security report provides detailed, transparent analysis on the current state of your security structure and gives IT managers the backup they need to justify the true cost of protecting the business.
4. Reduce costs in the long term
It’s much cheaper to fix the vulnerabilities in your network than to face the consequences of a cyber breach. According to Palo Alto Networks, security breaches cost SMBs £75-£311K, with up to 60% of SMBs going out of business within 6 months of the attack. Larger businesses tend to sustain operation but suffer costs from £1.46-£3.14M on average. In contrast, a Security Lifecycle Review from Palo Alto is free of charge.
Is it time to consider an IT security assessment? The Palo Alto Networks Security Lifecycle Review (SLR) is a great way to get visibility of what is really happening on your network. It will show you where you have potential risks on your network that could affect your security.
What will an SLR from Palo Alto Networks expose for you?
- Which applications are in use and the potential risks to exposure
- Specific details on ways adversaries are attempting to breach your network
- Comparison data for your organisation, versus that of your industry peers
- Actionable intelligence – key areas you can focus on immediately to reduce your risk exposure