Since the COVID-19 pandemic began, cybercrime has increased by 600%. – 2021 Cybersecurity Statistics
Continuous security monitoring tools empower Security Tapestry to detect cybersecurity threats earlier and create a response to mitigate any potential theft, vandalism, or compromising of your assets, networks, and web applications. Our monitoring solutions are personalized towards your company’s objectives and designed to save you time and money. These solutions can help to achieve security compliance that exceeds typical industry standards.
Security Monitoring is a proactive system put in place to constantly scan for cybersecurity threats. It is imperative to plan for cyber-attacks in the modern workforce as more companies and their partners are working remotely. Cybercrime has increased by 600% since the COVID-19 pandemic began; and not solely for Fortune 500 companies. Small and medium-sized companies as well as larger corporations will be at an increased risk as cybercrime continues to rise.
Security Monitoring can also save you time and money by keeping your company in compliance with industry standards. Currently, the US and many other countries are introducing legislation that can penalize companies who have been hacked. One organization, known as the General Data Protection Regulation or GDPR, has implemented global regulations that governs any data that concerns the EU. Not complying with these industry standards could cost companies millions in fines.
Without even considering the penalties of noncompliance, cybercrimes are costly to resolve and may affect your company’s reputation. In 2017, Equifax, a consumer credit reporting agency, suffered a security breach that compromised the records of over 160 million people in the US, Canada, and the UK. After Equifax’s data was exfiltrated, it cost them an estimated $32 billion to resolve the issue. Even then, Equifax had lost the trust of potential customers and shareholders.
Implementing a comprehensive cybersecurity strategy that includes security monitoring will minimize the risk of a security attack, help respond to cyber-attacks quicker and more effectively, and ultimately save your company money. This can be a daunting feat to take on for many companies. That’s why Security Tapestry is here to help!
Cyber-attacks necessitate a quick detection and response time to limit the damage and costs as much as possible. A Security Operations Center (SOC) allows a company to detect cybersecurity threats faster and respond smarter. The Security Tapestry SOC works as an extension of your team, providing 24/7 monitoring and response to help remediate problems as they arise. Security Tapestry SOC provides real-time visibility of suspicious behavior or unauthorized system changes on your network, notifies you of the pertinent threats, and helps you counter cyber-attacks.
Security Tapestry uses two primary metrics to measure success in handling a digital crisis: Mean Time to Detect (MTTD) and Mean Time to Respond (MTTR). Reducing MTTD and MTTR can be a difficult task without continuous security monitoring. This is why Security Tapestry provides 24/7 security monitoring, including discrete intervals of identifying cybersecurity events and verifying the effectiveness of protective measures.