We live in a fully digitized world. Modern businesses rely on it for administration and sales. Leveraging all the latest tools gives an unfair advantage over those who don’t. The way the digital revolution is now, not using available modern tools is like shooting yourself in the foot.
One of the things that stand out in the modern digital era is mobile usage. According to Smart Insights, mobile users spend twice as much time online than desktop/laptop users. That figure has huge implications in sales and marketing. It could also mean that companies are using mobile data as part of their operations. Desktops, laptops, tablets, mobile phones, anything that can connect to the internet is a potential portal for sales and operations.
High mobile adoption will also mean that there now more types of machines that can be used to access the database. There are a few hundred models of smartphones running on many different versions of OS. All of it is connected to the public internet from different locations. Hackers will only need to find one vulnerability in that complicated network and the whole system is open to attack.
Endpoint Security -nipping the problem in the bud
Cyber Security Online believes that the weakest point in cybersecurity is the human factor. That is assumed after all the assets have been secured through technical means. One of those means is by employing Endpoint Security.
One of the oldest infiltration strategies to enter a secure location is by pretending to be part of legitimate traffic. Malicious code still uses this strategy by piggybacking on authorized data streams. Endpoint security systems act as an updated gatekeeper to prevent this method of attack.
Cost Benefit of Endpoint Security
Security measures, Endpoint Security included, are designed to prevent costly disasters. They require actuarial science to determine their real value on a case to case basis. A multi-national bank, a government organization, and a Shopify site that sells second-hand books will have different levels of risk exposure if their systems are breached. Some operations are so small that attackers will opt for a ransomware attack over data theft.
Sophos estimates that ransomware attacks cost companies an average of $133,000 per successful attack. This figure includes total losses including downtime, legal damages, brand integrity, lost opportunities, and other factors.
Meanwhile, a data breach for a large company such as the Equifax attack in 2017 can cost up to $275 million. That figure is at the high end of the spectrum, and the highest to date.
The potential risk and damage vary from company to company, there are multitudes of ways for an attack to succeed. Endpoint security is just one of many ways to cover possible vulnerabilities. Security is an all-or-nothing deal. There is no point in having security briefings, training, software, personnel, and other solutions if the company is not going to do them all. It is a classic case of the strength of a chain is the weakest link.