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Cyber Security ProfessionalsIn today’s emerging digital economy, your organization’s most precious assets could very well be digital assets. Consequently, the need for secure data storage and tech has become a top priority for enterprises all around the world, leading to a spike in demand for qualified cyber security professionals.

Research conducted by the US Cyber Security Alliance suggests that 3 out of 5 small businesses would be unable to recover from a cyber attack. The Ponemon Institute estimates that small businesses could pay upwards of 6 figures for remediating a cyber security incident while medium sized businesses could pay over 7 figures.

With this mind, businesses must be vigilant in protecting themselves against unforeseen threats. Organizations must be prepared to combat cyber threats or they could stand to lose everything. Even the most unsophisticated cyber attack such as DDoS attack could leave your business reeling.

This begs the question:

How do businesses prepare for and prevent cyber attacks?

Examining the Demand For Cyber Security Professionals

Because of today’s rapidly emerging cyber threats, cybersecurity professionals have become hot commodities in the business technology world.

Did you know that Forbes magazine recently predicted that businesses would hire over 1M cyber security professionals in 2016? The report goes on to say that cyber security job postings are up 74% over the past 5 years. Forbes also found that over 200,000 cyber security positions are currently unfilled.

With this data in mind, it’s fair to say that businesses are taking cybersecurity more seriously than ever. In fact, many organizations have implemented a new C level position to compliment CIOs called the CISO. This acronym is short for Chief Information Security Officer.

In organizations that require strict data security compliance protocols, having a CISO is absolutely critical. In small to medium sized enterprises, the position of CISO could possibly be absorbed by a managed service provider.

Most local managed service providers will examine the compliance methodologies for a particular industry and craft a plan to meet these stringent requirements. Offloading data security tasks to a managed service provider also gives your organization real-time 24/7/365 monitoring capabilities.

Data Theft Is Rising Exponentially

It seems like every other day, large organizations are making international headlines for being hacked. If high profile businesses such as Target, Home Depot, LinkedIn and others are falling victim to data theft, how can you be sure that your data is 100% safe?

Without a cybersecurity professional advising your business, you could inadvertently provide hackers with direct access to your most critical systems. This puts both employees and customers at risk for having their identities stolen.

Here are a few attack vectors that criminals use to steal your data:

  • Ransomware — When an employee unknowingly spawns a ransomware attack, your entire data infrastructure could be at risk.
  • Trojan Horses — A malicious application could include a trojan horse that allows an attacker to steal keystrokes, image captures or take completely take control of the machine.
  • Social Engineering — “Hackers” may not even need to break into anything. Instead, they simply call or email your business, seeking proprietary information they’ll use to penetrate the system.

While there are other ways of breaking into a network, these three continue to be among the most common vectors of attack.

How Small Businesses Deal with Cybersecurity

Don’t think that just because your organization falls into the small to medium sized enterprise category that your business isn’t on the radar of hackers.

Symantec says that 52.4% of all attacks launched in December of 2015 impacted small to medium sized enterprises (SMEs). Symantec’s report also notes that cyber attacks against SMEs are on the uptick.

In the past, SMEs almost never had to deal with cyber security issues because their attack surface is smaller than a that of a large organization. Today, SMEs must become vigilant in shoring up their cyber security protocols.

SMEs generally go one of two routes when seeing professionals to help with cybersecurity. Businesses will generally contract an IT staffing agency to fill the role of cyber security administrator for their enterprise. The more popular approach is to offload your cyber security requirements to a managed service provider.

When businesses contract a managed service provider to help meet their internal security requirements, they have the advantage of working with a team that has the expertise needed to immediately address any potential security concern. Managed service providers take a collaborative approach at understanding your business, therefore providing you with the safest methodologies of storing and handling sensitive data.

You Need Cyber Security Professionals. You Need BACS.

At BACS, we provide high-tech Security Services for everything from small businesses just getting off the ground, to Silicon Valley startups, to large enterprises with specialized industry requirements. Sign up for an IT Security Audit today to learn how to protect your essential data from attack, recover data in the case of loss or disaster, and create a data backup system to keep you secure even in the case of power loss or natural disaster. Contact us by phone at (650) 887-4601 or contact us online at any time!

Business' Biggest Threat