24 May 2022

Cyber attacks greatest risk to a company’s operational capacity

Cyber-attacks are the greatest risk to a company’s operational capacity, as well as its revenue and brand value, according to Managed Security Service Provider SecurityHQ.

With the digital transformation, and with it an acceleration of modern technology, there has been a vast increase of security issues that Chief Information Security Officers (CISOs) have had to face. This is especially true for SME, many of which companies have accelerated straight through to the Cloud and experienced at full force all the new and developing related issues. Similar issues face larger corporations, but to differing degrees.

Research finds that 96% of CISOs stated that they face well-organised cybercriminal attacks motivated by financial gain. Nearly 72% of them said adversaries are moving faster than they are, and a similar number (69%) say their adversaries have improved their attack capabilities in the last 12-18 months.

Even so, a lot of CISOs know the challenges they face, but they just have so many that they can’t prioritise them, don’t know how to prioritise them, and are unable to solve the issues they face as they continue to rise.

Many CISOs are turning to Managed Security Services (MSSPs) to help support them and their teams with security operations. The right MSSP should improve business efficiency by saving CISOs’ time, utilising the right resources, and putting into action the most appropriate services. An MSSP can ensure that a company is legally compliant, help mitigate threats, and reduce costly disaster repairs if attacked.

Most importantly, an MSSP will support foundations of the business, so that it can continue to build and grow, without the constant worry that security, both from inside and from external threats, will cause its collapse, .

White Paper: Top 8 CISO Challenges Solved