Overcoming The Cybersecurity Challenge

The scale and complexity of cyber threats in the modern digital landscape have grown exponentially, posing significant challenges for enterprises globally. Not, only has the risk of cybercrime increased but so too has the cost. According to a forecast by Forbes, the cost of cybercrime will reach $10.5 trillion by 2025.

Cyberattacks have grown in sophistication too - particularly with the mainstream introduction of generative AI, such as ChatGPT, which has elevated the danger posed by phishing attacks for example.

Generative AI allows cybercriminals to create phishing attacks that are human-like in appearance, making them seem more credible and causing us to fall prey. Research shows one in five people have clicked on an AI-generated phishing email, massively increasing the security risk to businesses.

With this growing threat, a greater amount of people with security skills are needed to tackle the problem head on. However, the global cyber skills gap is adding to the corporate cybersecurity challenge. According to the UK government’s Cyber Security Skills in the UK Labour Market 2023 report, 50% of all UK businesses have a basic cybersecurity skills gap. Organisations that cannot recruit qualified individuals will expose themselves to increased risk. With overall enterprise security posture risks not being continuously reinforced due to a lack of people, businesses will be unable to deal with the threat landscape as it evolves around them. 

To navigate these risks effectively, organisations must bridge the cyber skills gap and find the right balance between risk management, cost, and performance.

The Role Of Managed Service Providers

Managed services play a critical role in addressing the cybersecurity challenges facing enterprises today. They empower organisations to focus on their core objectives while entrusting the critical task of safeguarding their digital assets to dedicated experts. With their agility, expertise, and commitment to staying at the forefront of cybersecurity evolution, managed service providers are vital in helping enterprises build and deliver adaptable, resilient, and effective network security strategies in an increasingly complex and ever evolving digital world. 

Organisational ability and speed play a key role in combating cyber threats. Today, where cyber criminals are continuously adapting and refining their tactics, the ability to adapt and respond quickly is paramount. This is where a partnership with a managed service provider comes into play, providing a multifaceted approach to enhancing cybersecurity defences. Working with managed services provider offers the expertise and support necessary to quickly identify, mitigate, and respond to these threats effectively.

According to IBM, it takes 277 days on average to identify and contain a breach. Rapid response time ensures that potential threats are identified swiftly, enabling timely remediation, and minimising the impact on business operations. When a threat is detected, time is of the essence. A fast and well-coordinated response can mean the difference between a minor security incident and a catastrophic breach. Managed service providers understand this and possess the agility and readiness to leap into action. Bad actors don’t work 9-5 so by having a team available 24/7, ready to respond to threats around the clock, organisations can hold teams accountable to properly monitor and react to threats. 

Ensuring Business Success

Ultimately, cybersecurity isn't just about protection, it's about leveraging the expertise of managed service providers to ensure business success.

With managed service providers as partners, organisations can safeguard the continuity of their operations, gain a competitive edge, and maintain the trust and loyalty of their customers at a time when digital assets are essential to modern enterprises. 

Samir Desai is Vice President, Product Management at GTT

Image: champpix

You Might Also Read: 

Who Foots the Bill For A Data Breach?:

___________________________________________________________________________________________

If you like this website and use the comprehensive 6,500-plus service supplier Directory, you can get unrestricted access, including the exclusive in-depth Directors Report series, by signing up for a Premium Subscription.

  • Individual £5 per month or £50 per year. Sign Up
  • Multi-User, Corporate & Library Accounts Available on Request

Cyber Security Intelligence: Captured Organised & Accessible


 

« Generative Artificial Intelligence Models Leak Private Data
Milestone: International Agreement To Address Online Fraud »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

Alvacomm

Alvacomm

Alvacomm offers holistic VIP cybersecurity services, providing comprehensive protection against cyber threats. Our solutions include risk assessment, threat detection, incident response.

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

RCMP Cybercrime Strategy

RCMP Cybercrime Strategy

The RCMP Cybercrime Strategy sets out in an Operational Framework and Action Plan to combat cybercrime.

CyberSecurity Malaysia

CyberSecurity Malaysia

CyberSecurity Malaysia is the national cyber security specialist agency under the Ministry of Science, Technology and Innovation (MOSTI).

TCPWave

TCPWave

TCPWave IPAM is the world’s first acclaimed DNS/DHCP management software to pass the most stringent Information security tests.

InstaSafe Technologies

InstaSafe Technologies

InstaSafe®, a Software Defined Perimeter based (SDP) one-stop Secure Access Solution for On-Premise and Cloud Applications.

Gradiant

Gradiant

Gradiant’s mission is to contribute to the growth and competitive improvement of Galician businesses through technology development and innovation using ICT.

Penningtons Manches Cooper

Penningtons Manches Cooper

Penningtons Manches Cooper is a leading UK law firm providing high quality legal advice in areas including Data Protection, Cyber Security and Cyber Crime.

NewGens

NewGens

NewGens is a solution and service provider to banking institutions in the APAC region. Areas of expertise include cybersecurity, AML, fruad prevention, compliance and risk management.

Jobsora

Jobsora

Jobsora is an innovative job search platform in the UK and more than 35 other countries around the world. Sectors covered include IT and cybersecurity.

Northcross Group (NCG)

Northcross Group (NCG)

NCG provides services to help organizations meet the challenges of regulatory compliance. Our services include support, consultation, tools and accelerators for all parts of an organization.

Beauceron Security

Beauceron Security

Beauceron's cloud-based platform gives employees a powerful personal cyber-risk coach empowering them to improve their cybersecurity practices and behaviours.

Semmle

Semmle

Semmle's code analysis platform helps teams find zero-days and automate variant analysis. Secure your code with continuous security analysis and automated code review.

Secureframe

Secureframe

Companies from startups to enterprises use Secureframe to automate SOC 2 and ISO 27001 compliance, complete audits, and continuously monitor their security.

SubRosa Cyber Solutions

SubRosa Cyber Solutions

SubRosa Cyber Solutions solves its clients’ most tenacious information security, risk and compliance challenges through a multitude of information technology services and expertise.

Foundries.io

Foundries.io

Foundries.io have built a secure, open source platform for the world's connected devices, and a cloud service to configure this to any hardware and any cloud.

PagerDuty

PagerDuty

PagerDuty is the central nervous system for a company’s digital operations. We identify issues in real-time and bring together the right people to respond to problems faster.

Information Systems Security Association (ISSA)

Information Systems Security Association (ISSA)

ISSA is the community of choice for international cybersecurity professionals dedicated to advancing individual growth, managing technology risk and protecting critical information and infrastructure.