Cybercrime hits businesses large and small.
In previous years, it was enough for executives and business owners to shrug off the looming threat in the firm belief that “it won’t happen to me” but that is no longer the case.
Cybersecurity experts expect that global ransomware damage costs will exceed $5 billion in 2017. Ransomware gives cybercriminals the financial motivation they need to continue coming up with more sophisticated attacks in the future.
However, businesses that rely on secure, reliable data have a way out. Managed network services remain one of the most effective ways to thwart cybercrime and consistently outperform in-house security services.
How Do Managed Network Services Work?
The greatest challenge to implementing a secure network infrastructure is also what makes network services so valuable – innovation. As networks become more sophisticated, so too do cybercriminals’ capabilities. A cybersecurity solution that worked two years ago simply cannot provide the same level of defense now, nor will today’s best solutions work in another two years.
Managed network services make a third party vendor directly responsible for managing the network infrastructure your business uses to conduct day-to-day activities. Since the managed network service provider is solely dedicated to updating and maintaining a strict perimeter of defense against unwelcome intrusion, it is able to stay one step ahead of cybercriminal innovation and consistently mitigate new threats as they occur.
There are several stages to using managed network services for business continuity through increased cybersecurity:
- Patching Known Vulnerabilities: First, cybersecurity experts implement pre-test security patches for known vulnerabilities in the network system. This provides a quick boost to your defense against immediate cybercrime threats.
- Security Monitoring: Next, the network solutions team addresses the most vulnerable access points to your system, setting up data monitoring systems that will alert the security team to unusual data transfer patterns. For instance, the monitoring team may discover a large-scale exfiltration of sensitive customer data before the full database gets downloaded – they can then deny access to that transfer until a trusted administrator verifies it.
- Risk Management: No business can remain static. As your organization grows, it must incorporate new members, teams, and resources. Each of these new additions is a potential attack vector that requires professional risk management analysis. Managed network technicians are able to test and verify new network additions under this framework and develop new security solutions to meet their specific needs.
Business Continuity Benefits for Managed Network Solutions
While managed network services provide key coverage for the most pressing cybersecurity threats, there is no solution that works 100% of the time. While known vulnerabilities can be mitigated in real-time, any security plan that relies entirely on prevention is essentially incomplete.
A truly comprehensive cybersecurity network solution needs to also have damage control and business continuity protocols worked in.
Fortunately, there are methods for mitigating the damage the most devastating forms of cybercrime incur. Ransomware, for instance, can be defeated simply by having a constantly up-to-date backup of business data and application information running in parallel with your existing network infrastructure.
With this solution, the sudden encryption of your organization’s hard drives and workstation devices would simply be sidestepped by continuing business as usual using the backup drives.
Importantly, a managed network service provider can make this process entirely seamless – there does not need to be a waiting time between connecting your backups and continuing work. That is the promise of business continuity from managed network providers.
What About Regulatory Compliance?
If your organization operates in a field that is highly regulated, you may need a bespoke managed network solution that meets regulatory standards for your industry. Fortunately, industry-wide regulations are well-known and managed network services that meet these regulations are simple to implement.
If your organization works with patient data in the healthcare industry, you must use a managed network solution that is compliant with the Health Insurance Portability and Accountability Act (HIPAA), for instance. Implementing a managed network infrastructure that not only meets, but expands upon regulatory compliance guidelines is key to maintaining business continuity under these circumstances.
Since healthcare is now the number one target for cybercriminals, maintaining this level of security is of utmost importance.
To ensure your organization is protected from cybercriminals, contact us today for a free network security assessment!