The ubiquitous nature of digital devices and deployment of digital solutions and services for customers across various institutions and industries have led to an increase in the number of cyberattacks in the country and across the globe. Threat actors are constantly targeting networks and endpoints to exploit vulnerabilities to launch the next attack. Cyber criminality has transformed from targeting high enterprises to exploiting institutions irrespective of size of IT infrastructure. Most of these attacks have the potential of a fallout that includes huge financial loses, regulatory penalties, client legal claims, reputation-destroying publicity, among others.
It is obvious that maintaining a team that can keep up with this ever-evolving menace is practically impossible for small businesses. There has therefore become a dire need for organisations to deploy a more comprehensive approach to securing IT assets and data that would help to keep them safe from cyberattacks. Managing escalating cyber threats and risks to critical information infrastructure and other operations is a top priority for a growing number of public and private sector organisations.
To focus on business goals, organisations need to manage risk across their infrastructure. That means anticipating problems, taking proactive and corrective action, and showing practical results while controlling costs by freeing up internal IT resources. The challenge lies in recognizing and reducing complexity. As the volume and value of information security initiatives expand, it’s easy for teams to lose focus on fundamentals and get caught out of position. Managed security services offer a potential solution but only when they are used effectively. Understanding the basic benefits of managed security, its key strengths and when to call on those strengths have helped institutions organise to optimise efficiency of IT assets.
Cisco data estimates that distributed denial-of-service (DDoS) attacks will grow to 15.4 million by 2023, more than double the 7.9 million in 2018. A report also confirms that about 75% of companies infected with ransomware were running up-to-date endpoint protection while the average cost of a ransomware attack on businesses was $133,000 losing around $8,500 per hour due to ransomware-induced downtime.
Managed Security Services as an effective cyber security control measure supports industries to minimize costs and maximize efficiency by offering a team of security experts that will work for you at a fraction of the cost of building your security team in-house, offer incident response and event investigation services which will provide unmatched experience in handling enterprise security incidents, proactively identify vulnerabilities and prioritize threat helping to improve visibility and reduce risk, allow institutions to receive round the clock cybersecurity and network monitoring even during business hours among many other benefits.
e-Crime Bureau’s Managed Cybersecurity Services provide organisations with clear-cut solutions against cyberattacks by proactively identifying vulnerabilities and prioritizing threats helping organisations to improve visibility and reduce risk to safeguard IT systems. The areas under the Managed Cybersecurity Services include Monthly Vulnerability Scans, Penetration Testing, Managed Detection & Response, Cyber Threat Intelligence and Patch Management. With a well-equipped team of cyber security analysts, the setup will manage and monitor the entire set of deployed IT systems, applications, databases, among others of institutions as well as operate and maintain the resources required for the fully managed service using cyber security and digital forensic tools and technology solutions.