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December 22, 2017
Software Development
Software Testing

Prioritizing Cybersecurity Investments: How to Spend Smart?

Prioritizing Cybersecurity Investments: How to Spend Smart?

When you’re planning your cybersecurity protocols, it isn’t always easy to decide on what to prioritize. With new threats everyday and criminals regularly diversifying their attacks, it’s important to find a balance between detecting existing threats and preventing potential hazards.

security of digital businesses

Here are five tips for building a smart cybersecurity strategy that takes both of these defense measures into consideration.

1    Don’t over-invest in security measures; prevention tactics are just as important.

Many companies spend too much on security measures. While these perimeter protections are invaluable, they are simply no longer enough to counter increasingly sophisticated threats. In addition to these security measures, prevention tactics that focus on pinpointing suspicious activity within the perimeter quickly and accurately are becoming more important in mounting holistic cybersecurity responses.

Global spending on cybersecurity

 

2    Being prepared to react to a cyber threat is vital before responding to one in real time.

We learned a valuable but difficult lesson from the infamous ransomware attack WannaCry that locked hospital and infrastructure providers out of their machines in May 2017. Forrester suggests that the ideal response to an attack like this is not to just patch and then bring systems back up, but rather to consider a comprehensive cybersecurity plan that takes the customer experience, their data and even the brand into consideration.

Being prepared doesn’t mean building fences anymore. Preparation means proactively testing business-critical resources. Spending more on assessment and data integrity validation controls helps a business and doesn’t block growth unlike limitations and barrier controls.

cyber attack detection

 

3    Don’t choose a catch-all program. Diversify.

Many solutions promise to solve all of your security issues, but this is simply not possible. Instead of choosing a single solution, create a multi-layered security system that centers the defense-in-depth model, which can be implemented on multiple levels to stop cyber crime.

 

Andrii Shevchuk
The way to go is to validate security for each particular business-critical resource. It requires less efforts than alternatives that may have weak ROI and provide no actual security evaluation. Results of security evaluations are clearly seen and ready for implementation, unlike a security barrier where it is only a matter of waiting for an inevitable breach
Andrii Shevchuk, Head of Security QA Unit at Ciklum

“The way to go is to validate security for each particular business-critical resource. It requires less efforts than alternatives that may have weak ROI and provide no actual security evaluation. Results of security evaluations are clearly seen and ready for implementation, unlike a security barrier where it is only a matter of waiting for an inevitable breach.

4    Plan for business disruption attacks.

Business disruption attacks aim to disrupt servers, wipe out data and generally cause widespread harm to the organization. This kind of attack is not predictable. A solution should combine detection, blocking and responsive tactics.

Andrii Shevchuk claims that prioritization and targeted evaluations are the key points. Having business-critical assets prioritized is not only valuable for the business itself but also for understanding what may be the first target for an attacker. Evaluations should be handled like a counter attack, not preventive measures but an attack, but done in controlled manner.


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5    Deploy cybersecurity equally everywhere.

Even with a comprehensive security program in place, your plan is ineffective unless you deploy it in a coordinated manner across all systems.

 

testing threats and vulnerabilities
impact of breaches

Source: IBM Cost of Data Breach Study

One of the best ways to achieve comprehensive system coverage and balance detection and prevention in your cybersecurity budget is to create a program of your own. A personalized program for your company can help you accurately pinpoint anomalous activity in your periphery. Ciklum’s QA Security Service can help you develop tailored cybersecurity software that can be deployed efficiently across all your systems to ensure protection. Just drop a few lines about your goals in the contact form and we’ll soon get in touch with you.