Preparing Your Business for Cybersecurity Threats

Author: Bob Bratcher

Publish Date: 10/29/20

October is National Cybersecurity Awareness Month.  This is a time to reflect on cybersecurity, a topic that, in light of the current global pandemic, is increasingly important as the traditional, office-based workforce continues to shift a new digital-heavy, remote-based format. 

As a proven leader in delivering product solutions and managed services in the cybersecurity space, Verizon Partner Solutions believes that the more informed your organization is regarding the potential threats your organization faces, the better the  chances for your organization to protect valuable data and sensitive information. —This is the main reason Verizon has been publishing its annual Data Breach Investigations Report (DBIR) for more than than ten years.

Following is some important information from Verizon’s latest DBIR to help IT leaders optimally protect against and address some the biggest cybersecurity threats that could affect businesses in 2021. 

Cybersecurity Threats & How to Prepare for Them

According to Verizon's latest DBIR, we continue to see credential theft, social attacks (phishing + business email compromise) and errors (misdelivery + misconfiguration) in a majority (67%) of breaches. Direct Denial of Service (DDoS) attacks also remain a top threat for enterprise, medium and small business sectors. While these methods are nothing new, the hackers' means of executing these attacks continue to get more sophisticated.

IT leaders must ensure that security software patching is scheduled and completed on a regular basis, and take steps to install antivirus and antimalware software on all machines residing on the network. Intrusion Detection Systems (IDS) and Intrusion Prevention Systems (IPS) should also be enabled and integrated with Security Information and Event Management (SIEM) software so security analysts can effectively analyze and address threat activity.

Full packet capture solutions, such as Verizon's cloud-based Network Detection and Response, should be deployed to enable near-real-time packet inspections and retrospective threat prevention. Integrating the packet capture solution with existing SIEM technology enables reponse effeciencies and speeds mitigation of both known and potential threat activity.

Cybersecurity Amidst a Pandemic

In recent months, Verizon has analyzed and published information regarding the trending effects of the COVID-19 pandemic on various industries, and the impact such effects are having in the cybersecurity space. In the retail, food services and healthcare industries, for example, organizations have seen substantial consumer shift to the utilization of e-commerce and online resources. Due to the pandemic, many businesses have slowed their cybersecurity spend in 2020. The consequences of this reduction of resources for cybersecurity poses real risks to organizations.

This trend from physical to digital engagement has forced organizations to, among other things, rely more heavily on their online presence, adopt various software-as-a-service (SaaS) solutions, enable expanded cloud storage and utilize the services of third-party vendors in a very rapid manner. The speed of these organizational changes elevates the overall risk that several 2020 DBIR cybersecurity attack types will show notable increases over time. These potential attack types include human errors such as misconfiguration and misdelivery, stolen credential-related hacking, ransomware and phishing.

IT teams should clearly communicate the risks to their organizations associated with failing to invest in and enable cybersecurity programs and initiatives. Focusing this communication around financial impacts and brand reputation is also critical. This effort will help to ensure the C-suite understands the risks of failing to prioritize cybersecurity as a critical component to the sustainability and success of their business. Verizon's DBIR describes these risks in more detail, while also providing many messaging points for IT leaders to leverage in their C-suite discussions.

Partner in Success

It is imperative that companies fully understand the importance of marrying their business goals and information security efforts. Leaders should consider embracing an internal culture that promotes information security as an enabler of overall success, and a means of achieving desired business outcomes.

Additionally, it is prudent when implementing business strategies to examine the information security landscape, and identify potential gaps in the organization’s security posture that may place desired business goals at risk.  

Organizations who purchase from Verizon Partner Solutions’ portfolio of Security and Security Professional services generally report positive results in the areas of threat detection and prevention, attack mitigation, security assessment and consultative support. For more information about Cybersecurity solutions for your business, contact the Verizon Partner Solutions sales team. 

Author: Bob Bratcher

Publish Date: 10/29/20

October is National Cybersecurity Awareness Month.  This is a time to reflect on cybersecurity, a topic that, in light of the current global pandemic, is increasingly important as the traditional, office-based workforce continues to shift a new digital-heavy, remote-based format. 

As a proven leader in delivering product solutions and managed services in the cybersecurity space, Verizon Partner Solutions believes that the more informed your organization is regarding the potential threats your organization faces, the better the  chances for your organization to protect valuable data and sensitive information. —This is the main reason Verizon has been publishing its annual Data Breach Investigations Report (DBIR) for more than than ten years.

Following is some important information from Verizon’s latest DBIR to help IT leaders optimally protect against and address some the biggest cybersecurity threats that could affect businesses in 2021. 

Cybersecurity Threats & How to Prepare for Them

According to Verizon's latest DBIR, we continue to see credential theft, social attacks (phishing + business email compromise) and errors (misdelivery + misconfiguration) in a majority (67%) of breaches. Direct Denial of Service (DDoS) attacks also remain a top threat for enterprise, medium and small business sectors. While these methods are nothing new, the hackers' means of executing these attacks continue to get more sophisticated.

IT leaders must ensure that security software patching is scheduled and completed on a regular basis, and take steps to install antivirus and antimalware software on all machines residing on the network. Intrusion Detection Systems (IDS) and Intrusion Prevention Systems (IPS) should also be enabled and integrated with Security Information and Event Management (SIEM) software so security analysts can effectively analyze and address threat activity.

Full packet capture solutions, such as Verizon's cloud-based Network Detection and Response, should be deployed to enable near-real-time packet inspections and retrospective threat prevention. Integrating the packet capture solution with existing SIEM technology enables reponse effeciencies and speeds mitigation of both known and potential threat activity.

Cybersecurity Amidst a Pandemic

In recent months, Verizon has analyzed and published information regarding the trending effects of the COVID-19 pandemic on various industries, and the impact such effects are having in the cybersecurity space. In the retail, food services and healthcare industries, for example, organizations have seen substantial consumer shift to the utilization of e-commerce and online resources. Due to the pandemic, many businesses have slowed their cybersecurity spend in 2020. The consequences of this reduction of resources for cybersecurity poses real risks to organizations.

This trend from physical to digital engagement has forced organizations to, among other things, rely more heavily on their online presence, adopt various software-as-a-service (SaaS) solutions, enable expanded cloud storage and utilize the services of third-party vendors in a very rapid manner. The speed of these organizational changes elevates the overall risk that several 2020 DBIR cybersecurity attack types will show notable increases over time. These potential attack types include human errors such as misconfiguration and misdelivery, stolen credential-related hacking, ransomware and phishing.

IT teams should clearly communicate the risks to their organizations associated with failing to invest in and enable cybersecurity programs and initiatives. Focusing this communication around financial impacts and brand reputation is also critical. This effort will help to ensure the C-suite understands the risks of failing to prioritize cybersecurity as a critical component to the sustainability and success of their business. Verizon's DBIR describes these risks in more detail, while also providing many messaging points for IT leaders to leverage in their C-suite discussions.

Partner in Success

It is imperative that companies fully understand the importance of marrying their business goals and information security efforts. Leaders should consider embracing an internal culture that promotes information security as an enabler of overall success, and a means of achieving desired business outcomes.

Additionally, it is prudent when implementing business strategies to examine the information security landscape, and identify potential gaps in the organization’s security posture that may place desired business goals at risk.  

Organizations who purchase from Verizon Partner Solutions’ portfolio of Security and Security Professional services generally report positive results in the areas of threat detection and prevention, attack mitigation, security assessment and consultative support. For more information about Cybersecurity solutions for your business, contact the Verizon Partner Solutions sales team.