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TechWaTch Protecting Business from Multiplying Cybersecurity Threats By Eric Brackett, President, BTI Communications Group
from $3 trillion in 2015, according to Cybersecurity Ventures, a lead- ing cyber economy researcher. The recent hack of SolarWinds, a pro- ducer of IT management software, compromised a host of Fortune 500 companies as well as local, state and federal agencies, and highlights the increasing danger. The hack turned a routine soft- ware update into a weapon, leav- ing about 18,000 SolarWinds cus- tomers potentially exposed to data theft for over six months before the breach was discovered.
T
Growing Cost of Inaction Manufacturers and proces-
sors utilizing automation soft-
he cost of global cybercrime is expected to reach $10.5 trillion annually by 2025, up
ware for production equipment, as well as other devices connect- ed to the network, are at risk if hackers input malware to dis- rupt or disable operation. Against such increasingly so- phisticated threats, standard in- ternet security software, back- ups, and standalone monitoring devices, such as firewalls, pass- word managers, and antivirus software, are falling behind. As an alternative, a growing
number of businesses are cost-ef- fectively protecting against hacks by outsourcing to profes- sional, third-party firms that re- motely and continually provide layers of protection with a more comprehensive, integrated IT ap- proach.
This strategy can continual-
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ly deter hacks, as well as help businesses to quickly respond and recover in the event of intru- sion, eliminating the need for in- ternal IT staff and minimizing loss and liability. Often business owners do
not know they have been hacked for long periods of time. In fact, the average business stays com- promised by a hack for six
and data protected. After an event like this, further analysis can be performed to ensure that the busi- ness is safe and to shore up any weak points in the system. Also important is that in such
an event, anyone whose data may have been compromised can be no- tified as required by law. While businesses can do much of this in-house with a ded-
An in-house cybersecurity team may cost hundreds of thousands of dollars per year, whereas outsourcing this responsibility to a competent provider can offer greater protection for pennies on the dollar.
months before anyone realizes. Meanwhile, the hackers are free to steal any data they please from the company’s network. Then, they often encrypt
and hold the data for ransom un- til the hapless company ex- changes traceless currency, like Bitcoin, to decrypt and recover the data.
The Best Defense The best tactic is to employ
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a layered approach with active security monitoring. This way, breaches can be avoided or con- tained, assets protected and ex- posure limited. When a business is breached, it is critical to en- sure that the entire company is not incapacitated. Through managed cyberse-
curity, businesses can take the first steps to prevent hacks from occurring as much as possible. Corporate data should be se- questered behind firewalls, with access granted only to trusted parties with secure passcodes and two-factor authentication. Then, any network anom-
alies that could be a precursor to an attack must be detected. A team of cybersecurity experts supported by the latest detection systems and artificial intelli- gence (AI), such as BTI Commu- nications, can analyze terabytes of data continually. If a hack occurs, the security
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team can respond immediately. The quicker the response, the more likely the hack attempt can be foiled entirely and all systems
icated IT staff with sufficient ex- pertise and technology, it will still cost hundreds of thousands of dollars per year. IT cybersecu- rity firms like BTI can provide this service for pennies on the dollar. All relevant information is provided in a dashboard for- mat that is viewable remotely, with a team of specialists moni- toring network conditions and threats in the background. The end goal: to keep data
safe and secure and operations fully functional, without the risk
of a serious hack. Contact: BTI Communica-
tions Group, 1441 Branding Av- enue, Suite 200, Downers Grove, IL 60515 % 312-432-5300 E-mail:
sales@btigroup.com Web:
www.btigroup.com r
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May, 2021
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