5 Ways To Find The Best Cybersecurity Threat Solution For Your Business

Choosing a cybersecurity threat solution provider can be a daunting task. Infosec is a huge and fast growing industry. The global cyber security market is projected to reach $ 259 billion by 2025. Many cybersecurity solutions are available and many more cybersecurity threats are a cause for concern.

If you are responsible for finding a solution provider, you are not alone. According to EY's Global Information Security Survey, 77% of organizations are looking for more advanced cybersecurity solutions. These organizations have already implemented basic cybersecurity solutions protections and are now trying to fine-tune their functions.

However, choosing a solution provider can be very difficult, especially if you don't know what to look for. Here are some suggestions to make your search easier.

1. Educate yourself about cybersecurity threats

The world of cyber threats is huge, but the specific security problems we aim to solve for our business are limited. Clarify the problems your cybersecurity solution needs to solve.

All threats fall into three categories: external, internal, and partner. According to Verizon's latest data breach investigation report, external threats like attacks account for more than 70% of corporate breaches, followed by internal security breaches of more than 30% and partner threats of less than 10%.

2. Be honest about what you can achieve internally

Let's be honest Does your organization have people who manage cybersecurity in-house? Then ask another question. Do current employees have the ability to manage all of the risks the company has taken?

If the answer to these questions is no, you are a good companion. Many organizations outsource. According to EY, 30% of large companies do not have an in-house security operations center, while only 40% of small companies do have a security operations center.

3.Take the industry into account

Cybersecurity is not a panacea. Every industry, from government agencies to financial institutions, has its own regulations, standards, and best practices for information security. For example, medical facilities must adhere to HIPAA safety rules while U.S. federal agencies must adhere to NIST SP 800-53.

4. Know when to sell

Injury is terrible. That is, the loss of valuable data, money, and something much harder to quantify: the loss of customer trust.

However, when purchasing a solution, vendors should not capitalize on worst information security fears. Reputable cybersecurity solutions should act as an organizational partner and focus on needs, not horror tactics.

 

A good solution provider will evaluate your company's existing cybersecurity practices and make recommendations to mitigate risk.

5. Know Who Has Access To Data And Networks

You can handle the information security habits of your employees well, but you know who else has access to your system or network? Your third.

The risk in the supply chain is a big problem. Cyber criminals often get their data through a third party, such as a cloud provider. And when that happens, it's because of the injury, just like the provider.

In order to limit the risk, you need to know who the third party is, what they have access to and what their risk profile is.

This will help you understand if your organization is at risk of third party breaches and whether you need to choose a cybersecurity solution that specializes in third party and vendor threat management.

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