{"id":4281,"date":"2021-03-23T08:09:01","date_gmt":"2021-03-23T13:09:01","guid":{"rendered":"https:\/\/www.stratospherenetworks.com\/blog\/?p=4281"},"modified":"2021-03-19T16:22:48","modified_gmt":"2021-03-19T21:22:48","slug":"security-assessments-serve-as-a-great-starting-point-for-businesses-looking-to-lower-risk-levels","status":"publish","type":"post","link":"https:\/\/www.stratospherenetworks.com\/blog\/security-assessments-serve-as-a-great-starting-point-for-businesses-looking-to-lower-risk-levels\/","title":{"rendered":"Security Assessments Serve as a Great Starting Point for Businesses Looking to Lower Risk Levels"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignleft size-medium wp-image-4283\" src=\"https:\/\/www.stratospherenetworks.com\/blog\/wp-content\/uploads\/2021\/03\/security-assesment-strat-photo-300x200.jpg\" alt=\"An image of a padlock against a background of binary, representing the concept of a security assessment.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.stratospherenetworks.com\/blog\/wp-content\/uploads\/2021\/03\/security-assesment-strat-photo-300x200.jpg 300w, https:\/\/www.stratospherenetworks.com\/blog\/wp-content\/uploads\/2021\/03\/security-assesment-strat-photo-1024x683.jpg 1024w, https:\/\/www.stratospherenetworks.com\/blog\/wp-content\/uploads\/2021\/03\/security-assesment-strat-photo-768x512.jpg 768w, https:\/\/www.stratospherenetworks.com\/blog\/wp-content\/uploads\/2021\/03\/security-assesment-strat-photo-1536x1024.jpg 1536w, https:\/\/www.stratospherenetworks.com\/blog\/wp-content\/uploads\/2021\/03\/security-assesment-strat-photo-2048x1365.jpg 2048w, https:\/\/www.stratospherenetworks.com\/blog\/wp-content\/uploads\/2021\/03\/security-assesment-strat-photo-200x133.jpg 200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>A common problem for many companies that want to lower their data breach risk level and improve their cybersecurity posture is not knowing exactly where to start. If that&#8217;s the position you&#8217;re currently in, ask yourself this: If your organization experienced a breach or if you were audited, how would you demonstrate\u00a0<a class=\"external-link external external_icon\" href=\"https:\/\/www.merriam-webster.com\/legal\/due%20care\" target=\"_blank\" rel=\"nofollow noopener\">due care<\/a>\u00a0(i.e., the care a reasonable person would take to avoid negligence)? One significant way to show that you take IT security seriously is to undergo routine security assessments to identify any vulnerabilities.<\/p>\n<p>If you haven&#8217;t\u00a0thoroughly assessed your cybersecurity strategy recently, conducting a\u00a0<a class=\"external-link\" href=\"https:\/\/www.stratospherenetworks.com\/it-security-assessment-offering.html\" target=\"_blank\" rel=\"nofollow noopener\">comprehensive risk assessment<\/a>\u00a0is a wise decision\u00a0\u2013 especially if your business has made any major changes in the past year or so in terms of shifting to\u00a0<a class=\"external-link\" href=\"https:\/\/www.stratospherenetworks.com\/blog\/why-your-business-needs-a-secure-remote-work-strategy-to-survive\/\" target=\"_blank\" rel=\"nofollow noopener\">remote work<\/a>,\u00a0<a class=\"external-link\" href=\"https:\/\/www.stratospherenetworks.com\/cloud-migration-ebook.html\" target=\"_blank\" rel=\"nofollow noopener\">cloud migration<\/a>\u00a0or other significant alterations to your operations.\u00a0Particularly in the wake of the pandemic-driven surge in cyberattacks, it&#8217;s prudent to ensure your IT environment doesn&#8217;t have any weak spots hackers could exploit.<\/p>\n<h2>The Importance of Preventive IT Security Measures<\/h2>\n<p>The saying &#8220;<a class=\"external-link external external_icon\" href=\"https:\/\/dictionary.cambridge.org\/us\/dictionary\/english\/prevention-is-better-than-cure\" target=\"_blank\" rel=\"nofollow noopener\">an ounce of prevention is worth a pound of cure<\/a>&#8221; holds true across many aspects of life \u2013 and\u00a0<a class=\"external-link\" href=\"https:\/\/www.stratospherenetworks.com\/managed-cybersecurity-services.html\" target=\"_blank\" rel=\"nofollow noopener\">cybersecurity<\/a>\u00a0is no exception.\u00a0Investing in a security assessment to quantify and document your current security risk is a great first step.\u00a0 Once you have the completed assessment, you can then begin to build a cybersecurity road map to address current vulnerabilities and generally improve your cybersecurity posture over time. Taking a proactive approach to security will always cost your company less than dealing with the aftermath of a security incident.<\/p>\n<p>These statistics illustrate the value of preventive measures in the realm of IT security:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The global average total cost of a data breach in 2020 was $3.86 million,\u00a0according to the\u00a0<a class=\"external-link external external_icon\" href=\"https:\/\/www.ibm.com\/security\/digital-assets\/cost-data-breach-report\/#\/\" target=\"_blank\" rel=\"nofollow noopener\">2020 Cost of a Data Breach Report from IBM Security<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The public health crisis worsened the pre-existing cybercrime epidemic: 90 percent of IT leaders reported experiencing more cyberattacks because of the coronavirus pandemic, according to a\u00a0<a class=\"external-link external external_icon\" href=\"https:\/\/www.businesswire.com\/news\/home\/20200729005208\/en\/Tanium-Report-Reveals-90-Percent-of-Organizations-Experienced-an-Increase-in-Cyberattacks-due-to-COVID-19\" target=\"_blank\" rel=\"nofollow noopener\">study conducted by Tanium<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The potential cost of getting infected by\u00a0<a class=\"external-link\" href=\"https:\/\/www.stratospherenetworks.com\/blog\/the-total-cost-of-ransomware-and-how-to-reduce-the-risk-and-impact-of-infection\/\" target=\"_blank\" rel=\"nofollow noopener\">ransomware<\/a>\u00a0\u2013 a type of malware commonly deployed by hackers via\u00a0<a class=\"external-link\" href=\"https:\/\/www.stratospherenetworks.com\/blog\/avoid-taking-the-bait-for-covid-19-phishing-schemes\/\" target=\"_blank\" rel=\"nofollow noopener\">phishing<\/a>\u00a0\u2013 is on the rise: The average ransomware payout increased from $84,116 in the fourth quarter of 2019 to $233,817.30 in the third\u00a0quarter of 2020, according to the\u00a0<a class=\"external-link external external_icon\" href=\"https:\/\/www.sophos.com\/en-us\/medialibrary\/pdfs\/technical-papers\/sophos-2021-threat-report.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Sophos 2021 Threat Report<\/a>. Additionally, cybercriminals have begun\u00a0<a class=\"external-link\" href=\"https:\/\/www.stratospherenetworks.com\/blog\/5-things-you-should-know-about-maze-ransomware\/\" target=\"_blank\" rel=\"nofollow noopener\">threatening to release sensitive data<\/a>\u00a0if their victims don&#8217;t pay up, meaning that reliable backups alone are no longer enough to get you out of a ransomware-related snafu.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Ultimately, stopping security incidents before they start is much less of a headache than handling the costs, lost business and possible regulatory consequences after you realize your business has experienced a breach. Recurring security risk assessments are vital for any organization that wants to maintain an effective cybersecurity strategy and minimize the chances of a breach occurring.<\/p>\n<h2>The Security Assessment Process and Key Benefits<\/h2>\n<p>A thorough risk assessment carried out by experienced security analysts can give you a clear picture of where you stand today and offer recommendations to address vulnerabilities and combat evolving threats. After undergoing the assessment process, you&#8217;ll receive insights into the following:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Your current risk level and how your security strategy compares to current industry best practices<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Internal and external network vulnerabilities<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The best path for your business going forward in the form of a strategic security road map<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Evaluating your cybersecurity posture on a routine basis benefits your business in numerous ways. Beyond lowering your data breach risk level and providing valuable insights into how to effectively defend your organization against cyberattacks, here are a few other notable advantages of carrying out security assessments:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>It can help you stand out from the competition in your industry. You&#8217;ll be prepared if prospective clients ask what measures you take to ensure the highest possible level of security.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Assessments will enable you to easily answer any questions about due diligence.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>It could potentially lower your cyber insurance premiums.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Overall, security risk assessments can have a positive impact on not only your data breach risk level but also your reputation, marketability and overall success.<\/p>\n<p>If you&#8217;d like to learn more about the security assessment process, our team of analysts would be happy to answer any questions you might have. Feel free to\u00a0give us a call at 877-599-3999 or email\u00a0<a class=\"external-link\" href=\"mailto:sales@stratospherenetworks.com\" target=\"_blank\" rel=\"nofollow noopener\">sales@stratospherenetworks.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A common problem for many companies that want to lower their data breach risk level and improve their cybersecurity posture is not knowing exactly where to start. If that&#8217;s the position you&#8217;re currently in, ask yourself this: If your organization &hellip; <a href=\"https:\/\/www.stratospherenetworks.com\/blog\/security-assessments-serve-as-a-great-starting-point-for-businesses-looking-to-lower-risk-levels\/\">Read more <span class=\"meta-nav\">><\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":4283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[372],"tags":[],"class_list":["post-4281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-consulting-review"],"yoast_head":"<title>The Value of Undergoing a Comprehensive Security Assessment<\/title>\n<meta name=\"description\" content=\"If you want to improve your cybersecurity posture, a comprehensive security assessment can serve as a valuable first step.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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