Is it now the time to focus on cyber-security?

Whenever we talk about cyber security measures being taken seriously on a global scale, we expect from all the organizations in the market to effectively focus on building their network infrastructure in a way that all the risks and threats are mitigated. But the current market scenario and the statistics laid down by some of the recently published articles narrate an entirely different folktale altogether. We all know that the corporate market has been witnessing a serious amount of damage in terms of expenses to recover from the damage done by these attacks. According to a recently published literary piece by Gartner, by the end of 2020, the expenses on security services are expected to account for 50% of the cybersecurity budgets.

HORRIFIC STATS INDICATING THE COST OF BEING HACKED

When we talk about the details of each of the data breach, we can see how much the organizations are sinking in terms of paying for outsourced services. If we take a look at some important numbers, like the average cost of a malware attack on a company which is $ 2.6 million or healthcare sector incurring close to $420 dollars per record stolen in a breach, we can clearly see how well the global market is doing in terms of protecting themselves from data breaches. But this doesn’t make the cyber-security consultants the only party at fault. In some way or the other, the entire organization panel is responsible for all the havoc that has been created. For instance, if we consider the entire consultancy service providing sector at fault, we still can never justify why the cyber attacks have grown 11% since 2018 and 67% since 2014. It’s not like all the organizations are equally unaware of the trending cyber attacks. Even if we consider conglomerates or organizations that use internal personnel to focus on all sorts of cyber-attacks, why has the average time of identifying a cyber attack in 2019 been 206 days and not earlier than that?

These statistics only show the vulnerable state every organization is at as of now. And as far as cyber-security consultancy services are concerned, they need to focus on effectiveness in provide their consultancy sessions. Being well-informed about all the trends not only prepares the consultancy but also its clients. If the consultancy firms are not well equipped with all the required information, it’s just a waste of time for their clients.

On a concluding note, if you look at the above analogy, you might get an idea about the severity of focusing on the digital front of the organization. Therefore, if you too are looking for professional services in order to create a resilient network infrastructure for your organization you can always choose from the best by categorizing them according to suitability of your firm. But if you want to cut to the chase and get yourself the best cyber-security consultants out there, you can look up top-tier firms like Assured GRC who provide all-inclusive consultancy services to a client base that comprises of firms from assorted industries.