7 Cybersecurity Mistakes that will cost your Business

7 Cybersecurity Mistakes that will cause your Business to Lose Money!

No business is safe from the threat of cybercrime, and even the most security-conscious companies can make mistakes that leave them vulnerable to attacks. Here are seven (7) cybersecurity mistakes your business may be making, and how you can avoid them.


1. Inadequate or outdated cybersecurity.

Having inadequate protection against cyber threats is a recipe for disaster. It is also a huge financial risk for your businesses in this digital age where threats are running rampant.

As your company becomes more digitally dependent, you must ensure that your cybersecurity remains one step ahead of the hackers, not playing catch up! Today’s cybercriminals are constantly evolving. Truth be told, some have already surpassed your organization’s defense mechanism – with no intention of “waiting up”. As they continue to become more sophisticated, resourceful, and relentless in their efforts, so should your security.

Hence, you need an effective security solution that will enable you to stay ahead of the curve, by detecting threats no matter how they come at you and can also evolve alongside new and emerging threats. This way, you protect your business- and pockets.


2. Underestimating cybercriminals.

All too often companies underestimate the power and tenacity of hackers. This is another costly cybersecurity mistake.

When you underestimate cybercriminals, you let your guard down. Once your guard is down, that’s when they’ll strike- hitting your company with ransomware and other disruptive cyberattacks that can take your business offline.

Cybercriminals are sophisticated individuals who KNOW how to exploit the weakness in your systems. So, if you give them the chance, they will not hesitate to do so.

Hackers also know your users and the best ways to get them to click. To add to this, they also test their malware against some of the best security software on the market. As such, you must always take your cybersecurity seriously and not undermine the efforts of cybercriminals. Otherwise, you will pay the consequences.


3. The Fear Of The Unknown

Another major mistake your IT team may be making is being resolved in the fear of the unknown.

This is a dangerous mindset to have when it comes to your cybersecurity. The mind-boggling idea that you can do nothing against unknown threats, besides sit back and wait for all hell to break loose, is what results in successful zero-day attacks.

But, this doesn’t have to be the case.

You can protect your business from zero-day attacks with more proactive approaches. For instance, you can leverage behavioral artificial intelligence. While the traditional way of identifying threats through their know signatures works, it is not the only way. Truthfully, it may not even be the most effective way to fight against constantly changing threats. That’s why being able to track threats based on the one thing they will always have in common – Their suspicious behavior – is a plus.


4. Lack of visibility into your environment

You may be squinting your eyes at this one, wondering how is it possible for your team to not have full visibility over the network when the network is their job. Well, the answer is simple: Because networks are constantly changing, and as they do, so too do the number of devices and users that need to be monitored. This can create blind spots where devices and data go unmonitored, leaving your business vulnerable to attacks like ransomware and other threats that will then move laterally throughout the network.

To combat this, you need to have a clear picture of your network at all times. This means having a comprehensive inventory of all devices and users on the network, as well as visibility into how they’re accessing data and resources.

If you don’t have this visibility, you can never tell what’s happening. That is a problem. [See how Autonomous cybersecurity gives you complete visibility into your network, even when your team can’t. With real-time monitoring and behavioral tracking.]


5. Not Planning Ahead

It costs to be unprepared!

Not planning for the future is one of the biggest mistakes a business can make when it comes to cybersecurity. From the constantly evolving threat landscape to making provisions for staff attrition, there are a lot of factors that can catch you off guard and leave you vulnerable.

That’s why it’s important to have the right technology in place, like Autonomous Endpoint security which is designed to protect you from the future. The threat landscape is constantly changing, so make sure your security solution is prepared for the future. Invest in a solution that has autonomous learning capabilities and behavioral AI so it can adapt to new threats as they emerge.

Remember, failure to prepare means preparing to fail.


6. Investing in the wrong cybersecurity solutions

There are a lot of cybersecurity solutions on the market to choose from. But, not all of them are created equal. In fact, some of them can do more harm than good.

It’s important to do your research and invest in a solution that will actually protect your business from today’s threats. If ever uncertain you can always check out platforms like Gartner, Forrester, or MITRE for help in deciding which solution is best for you.

When it comes to endpoint protection platforms you may also find studies like MITRE Enguity attack evaluation helpful. The study showcases how different endpoint solutions fare against cyberattacks so that IT Teams can get an idea of the kind of protection they’ll get.


7. A Lack of data

In the fight against cyberattacks, a lack of data will substantially affect your business and cost you greatly.

Data is the lifeline of every busy. It is also what enables your cybersecurity solution to fight off attacks. If you don’t have data, you WILL fall prey to hackers.

Signature-based cybersecurity solutions are able to acquire this much-needed data. This is done via their access to a global pool of threat knowledge. However, their ability to access this knowledge is contingent upon access to the internet.  This can be a problem when the internet goes down and a new threat comes knocking. [See how you can move beyond signature-based detection with an intelligent, autonomous that keeps you protected even when you’re not connected.]


To Wrap Things Up!

Cybersecurity is a constantly evolving field, and businesses that don’t keep up will quickly find themselves at a disadvantage. These seven mistakes are some of the most common ones made by businesses, but they can be fixed with solutions like Autonomous Endpoint Security.

Make sure you’re prepared for the future with the right technology in place and invest in a cybersecurity solution that will protect you from today’s threats.


Share this post:

Smart Technology, Better Business

Partners in your
digital E-volution