Utilizing Third-Party Businesses to Secure Important Data

Why Third-Party Businesses are Key to Securing Your Sensitive Data

Data security is a top concern for modern businesses of all sizes. In today’s increasingly digital world, companies must adopt the measures necessary to maintain compliance and protect their confidential information from malicious actors. Fortunately, there are ways for businesses to safeguard their data while leveraging third-party managed security services and solutions. In doing so, they can work with reputable providers who share their cybersecurity goals.

We’re going to look at five ways you can secure your data and business by using third-party managed security services and solutions.

A quick snapshot of what they entail:

1. Leveraging Managed Security Services and Solutions
2. Working with Reputable Providers Who Share Your Cybersecurity Goals
3. Considerations for Moving Forward With New Digital Technologies
4. Making Sure You Stay Ahead of Emerging Threats
5. Ensuring Compliance With Laws and Regulations

Let’s dive in.

Leveraging Managed Security Services and Solutions

When looking to secure important data, businesses have the option of choosing managed security service providers (MSSPs). MSSPs specialize in providing comprehensive expertise on behalf of their clients, allowing them to customize the services they need and benefit from a high level of cybersecurity protection at an affordable rate.

• Common managed security services include URL filtering and content analysis, identity access management (IAM), log management and storage, patching and updating systems, threat intelligence monitoring, endpoint protection technologies such as anti-virus programs, SIEM systems that provide real-time anomaly detection capabilities – even cloud encryption measures for Amazon Web Services (AWS) environments.

Additionally, managed security services can help companies build resilience against cyber threats by staying current on emerging trends in the industry and implementing preventative measures accordingly.

• This frees up valuable resources that organizations would otherwise be using to stay ahead of cybercriminals themselves.

With an experienced MSSP doing much of the heavy lifting in terms of security maintenance and implementation tasks, companies can focus more on what matters: improving processes that boost efficiency or driving revenue growth initiatives.

Working with Reputable Providers Who Share Your Cybersecurity Goals

The process of selecting an MSSP should involve researching potential providers in depth. This means examining case studies relevant to your sector or industry, as well as speaking directly with vendors’ current customers to get a sense of their experiences.

It’s also important to find out how long potential partners have been operating in the space since experience is often key when it comes to protecting data effectively. Look not only at the years they’ve been operating, but also ask whether they have made any progressive shifts in technology over time or remain firmly rooted in legacy approaches without changing with the times.

Moreover, consider whether vendors offer 24/7 incident response. This is important because securing data should be an ongoing effort, regardless of where one life or works. This kind of total coverage allows organizations access to assistance whenever needed – not only during peak hours, but even during off-peak periods too!

Last but certainly not least, businesses must align with providers who understand their specific goals regarding cyber risk reduction strategies and ensure transparency regarding the pricing options available. This makes it possible for both parties to understand exactly what each other will receive based on the investment level allocated towards these efforts together.

In doing this, you’re able to create successful partnerships going forwards without any surprises along the way.

Considerations for Moving Forward With New Digital Technologies

In the ever-evolving digital landscape, business leaders face a unique challenge: ongoing new technologies emerging all the time.

With new technologies emerging on a regular basis, it can be difficult to keep up with the changing landscape and ensure that businesses remain competitive. In order to do so, leaders must consider a range of factors as they move forward with digital technologies and cyber resiliency is one of them.

When you look at the new digital technologies your business adopts or is thinking of using, consider the role of cybersecurity. Let’s look at some of the new technologies and security risks they carry so that you can get an idea of what to expect.

Artificial intelligence

Artificial intelligence (AI) is one of the newest and most potentially dangerous technologies regarding cybersecurity threats. AI can be used to create powerful malware that is able to evade detection and wreak havoc on systems. Additionally, AI can be used to launch sophisticated attacks that are difficult to defend against. As AI technology continues to develop, we will likely see more cyberattacks that use it.

The Internet of Things

The Internet of Things (IoT) refers to the growing network of devices that are connected to the internet. This includes everything from smart TVs and thermostats to cars and medical devices. While the IoT offers many benefits, it also creates new cybersecurity risks. Hackers can target these devices in order to gain access to sensitive data or disrupt critical systems. As the IoT continues to grow, it is important to ensure that these devices are properly secured against potential threats.

5G Networks

5G networks are the next generation of wireless networks. They offer much higher speeds and capacity than previous generations of networks. While 5G networks offer many benefits, they also create new cybersecurity risks. One of the biggest concerns is that 5G networks will be more challenging to secure than previous generations. Additionally, 5G networks will provide a new platform for hackers to launch attacks and exploit vulnerabilities. As 5G technology develops, it is essential to ensure that proper security measures are implemented to protect against potential threats.

Quantum Computing

Quantum computing is a new type of computing that uses quantum mechanics principles. Quantum computers are much faster and more powerful than traditional computers. While quantum computing offers many benefits, it also creates new cybersecurity risks. Quantum computers can be used to break existing encryption methods, allowing hackers to access sensitive data currently protected.

When you stay ahead of emerging threats with the technologies you use, ensure you comply with laws and regulations that affect your industry.

Making Sure You Stay Ahead of Emerging Threats

Staying ahead of potential security risks from new digital technologies is essential for any business leader looking to protect their data and maintain the trust of customers. Leaders should assess different security solutions before committing to any new technology.

• Working with an experienced vendor or consultant can help in this regard, as they can identify potential vulnerabilities in your system and advise on how best to address them.

Leaders should also seek specialized training and certification programs focusing on up-to-date digital security solutions such as cloud computing or endpoint protection.

• By investing in these programs, they can develop their understanding of current threats and strengthen their ability to recognize potential weaknesses in their network security system.

Finally, leaders should ensure that all users know their responsibilities when using digital services by establishing policies around acceptable use and training users accordingly.

Additionally, an incident response plan should be created in case a breach occurs – giving clear instructions on what steps to take if something goes wrong.

Ensuring Compliance With Laws and Regulations

As companies venture into new areas, leaders must ensure compliance with applicable regulations at national and international levels.

• This means staying abreast of industry regulations like GDPR or HIPAA, which may impact their operations or data handling procedures.
• Leaders should also examine existing laws in other jurisdictions where their company operates so as not to fall foul of any legal requirements.

Once necessary processes have been established, it is vital to review them so that any changes necessary following legislative updates are implemented quickly and regularly.

• This is important when expanding into multiple markets across borders where regulation differs significantly from country to country.

Finally, internal auditing processes should also be implemented to identify abnormalities early, thus reducing the risk of hefty fines due to non-compliance with regulatory standards.

In this digitally interconnected world, third-party managed security services, and solutions will keep you ahead of the competition. It will keep you in good standing with compliance and regulations, make you cyber resilient in case of breach or other unexpected interruption to your network, and give you a team of experts to rely on.

There is no silver bullet to cybersecurity; it takes people, processes, procedures,s and more. If you need any support, reach out to find out how NCX Group can help.

Schedule your free consultation here: https://www.ncxgroup.com/

 

Photo courtesy of Olly