Where it all started?
The need for cybersecurity was existed since the inception of digital age – 1970’s. But the magnitude back then was very minimal because it was harmless. It all started when the first computer virus, “creeper” was created.
It made everyone to realize that computer systems can be exposed to attacks. Later, with the invention of internet and the whole digital transformation, cyber threats are also increased significantly targeting the individuals, businesses, and government organizations worldwide.
What once appeared as a small virus is grown into a major concern over the time. Cyber-attacks like ransomware, malware, phishing, and data breaches are a major concern till date. According to cybersecurity venture, the global cost of cybercrime is expected to reach $10.5 trillion by 2025. This indicates the importance and necessity of cybersecurity solutions for organizations to safeguard their digital assets from ever-evolving cyber threats.
Who are the targets of cyberattacks and why?
Cyber attackers target both individuals and wide range of entities like small and medium businesses, large corporations and institutes like healthcare, financial services, and government agencies etc.
The agenda behind attacks may differ from entity to entity. It could be a monetary gain, political advantage, or even a simple disruption. Businesses with confidential information, intellectual property, and having a large customer base are usually seen as attractive targets.
For instance, the biggest data breach of 2024 was the AT&T outage, resulted in the data leak of 73 million customers.
Small and medium businesses (SMB’s) usually lack a robust cybersecurity measure so they become soft targets for cyber attackers. On the other hand, the large companies are targeted for financial assets and sensitive data. Healthcare sector is often targeted because of its valuable patient’s data that can be sold on the dark web for wrong doers. Irrespective of size, shape or industry, any entity that has online presence is said to be at the risk of cyber-attacks.
Who needs cybersecurity services, the most?
No business or organization in this digital age is exempted from cyber-attacks. Because all the firms and organizations of today are having a digital presence, and most of them are running on the cloud platforms. So, the probability of a potential cyber threat is higher now than ever before. It also depends on the nature of the data. However, some organizations and industries are often targeted.
Financial Institutions:
Banks, investment and insurance companies are the main targets of cyber criminals because these firms contain a very confidential data of their customers. Cyber attackers take the advantage of it. This made financial institutions to be on the upfront and make the cybersecurity incidence response a top priority.
Healthcare Sector:
Protected healthcare information (PHI) is a valuable data. Now that the patient’s information was digitized, it allowed cyber criminals to steal the information and leak it on dark web for financial gains. It effects the organizations reputation causing legal and loyalty issues. It is crucial for healthcare sector to have a robust and sophisticated cyber security solution in place.
Government and Defense:
Nation’s security always remains a top priority. Cyber criminals may choose to attack the critical infrastructure to steal the sensitive data for political and monetary gains. It could lead to consequences at larger scale. Cybersecurity measures are most important and mandatory for government bodies.
Small and Medium Enterprises (SME):
SME’s usually do not make cybersecurity as a top priority perhaps they are in a perception that they are too small to be targeted by cyber attackers. But there are some incidents where SME’s are targeted by cybercriminals. They too need a mechanism in place to detect the threats in advance.
Tech and Software Companies:
Knowing that one solid glitch can put entire operations to the pause, cyber criminals see tech companies as an easy target for financial gains. Tech and software companies needed cybersecurity services the to protect their data, infrastructure and intellectual properties.
What’s the best solution for Cyberattacks?
Traditional Cybersecurity: ❌
Relies on predefined rules that requires a manual process and standard defense mechanism for threat detection and incident response. In today’s digital world, traditional tools don’t work effectively because cybercriminals are using more advanced tools and techniques to launch cyber-attacks.
AI in Cybersecurity: ✔️
AI has changed the way, how organizations respond to cyber-attacks. Predictive analytics identifies the threats. Machine learning algorithms analyze vast amount of data to identify the patterns and detect anomalies quickly. AI use automation for sending alerts and responding to threats in real-time.
AI continuously learns from new attack patterns. This allows businesses to stay a one step ahead from cybercriminals to mitigate risks and reduce data breaches. Companies that leverage AI driven tools are most likely to have a cost-effective cybersecurity defense mechanism in place.
Organizations need more than a standard SIEM tool in ever evolving digital landscape. It is suggested that AI Powered SIEM with advanced features like machine learning, data analysis, data analytics, and cyber threat intelligence are instrumental for continuous monitoring, real-time threat detections and incident response.
P.S: If you are constantly looking for an extraordinary cybersecurity tool that not only puts cybercriminals at bay, but also sets you a part from your competitors, here is OBELUS.
Its unique ‘Brand Monitoring’ feature unlike no other SIEM, helps you understand how your brand is perceived outside. This enables you to curate tailored strategies and solutions for your customers.
OBELUS is the only platform that combines SIEM, UEBA, SOAR, CTI, and Brand Monitoring into a single solution, giving you a competitive edge over others.
Know more about OBELUS – A Combined Security Management (SIEM) Tool.
You can also schedule for a free consultation call with us.