Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Ransomware attacks have become so prevalent in recent years that it’s no longer a matter of “if” your business may be the victim of a ransomware attack, but “when.” In fact, in 2021, 37% of global organizations reported that they were the victim of a ransomware attack. To mitigate the impact and probability of ransomware on your business, you must continuously look for new ways to secure your network and maintain continuous cybersecurity monitoring.

As global network infrastructure expands to include devices without traditional compute power, every organization’s attack surface becomes increasingly complex. Parallel to the increased complexity in the threat landscape is the increased scale and complexity of the signals and data necessary to produce meaningful cybersecurity insights. At its core, cybersecurity is a big data problem, requiring centralization of disparate data sources in uniform structure to enable continuous analytics.

Believe it or not, the Financial Services industry has one of the slowest vulnerability remediation rates, with a median of 426 days. “Financial regulators can no longer rely on static, point-in-time assessments to understand the cybersecurity risks posed to the financial system,” said Sachin Bansal, SecurityScorecard’s Chief Business and Legal Officer, in a recent BusinessWire article. “Continuous monitoring tools must be a part of every regulator's toolbox.”

To get a handle on increased cybersecurity threats, businesses need to know what’s at stake. If you don’t know what you’re defending and what the implications of a cyber event could be, then it’s hard to make cybersecurity decisions. For example, you could be spending time and money on cybersecurity awareness training while your biggest vulnerabilities stem from third-party exposure.