Technology has become second nature in our society. From banking on phones to processing payments online, it is easy to take for granted how much easier life can be when technology exists. However, this ease of living comes with a price. The same technology that makes life easier also makes businesses more vulnerable. Cyber security is an essential issue for all businesses. With the increasing number of cyber threats, it’s more important than ever to find a way to protect business data.  

 Unfortunately, there is a common myth that only large companies are at risk, but that’s not true. Cybercriminals are going after even the small to mid-size companies. In fact, small and medium-sized companies are victims of 43% of all data breaches, according to the 2021 Verizon cyber security report.  

 Most small to mid-size businesses don’t have the resources to hire an in-house team of experts, which means they are left vulnerable to attack. However, you can hire companies to help protect your business from potential attacks. This article will explore what options businesses without in-house specialists have to keep their businesses safe from potential cyber threats.  

 Keeping Data Safe 

The overall number of records compromised in 2020 surpassed $37 billion, a 141% increase over 2019 and by far the most records exposed in a single year since reporting on data breach activities began. Cybercrime is expected to cost businesses across the globe $10.5 trillion per year by 2025.  

 Cyber-attacks can result in loss of intellectual property and customer data, disruptions in service, and a diminished reputation for a business. These attacks can take a toll on an organization’s workforce and can put organizations out of business. With that being said, it’s important for a company that doesn’t have in-house specialists to still invest in cyber security solutions. There are two main options: cyber security monitoring and fully managed cyber security services.  

 Cyber Security Monitoring vs. Fully Managed Cyber Security Services 

Many companies offer only cyber security monitoring. Cyber security monitoring is the process of identifying online attacks and breaches. This includes collecting information on the latest cyber threats, reviewing vulnerabilities in company systems, and following industry standards to ensure security.  

 Cyber security monitoring on its own is useless since it simply alerts you after you have been compromised and does nothing to prevent or fight against the intrusion. It’s the equivalent of having a security guard standing at the front entrance without a weapon, only informing the company owners that someone just broke into their business and took everything. 

 On the other hand, fully managed cyber security services offer a range of services, from monitoring to remediating. These services are comprehensive and provide more protection against threats than just monitoring, but these services are usually quite costly. With the growing intelligence of cyber-attacks, having a more robust plan will better protect against threats. 

 An Affordable Comprehensive Solution 

Panoply IT Solutions provides an affordable solution. We offer a strong, all-encompassing security approach that keeps your business one step ahead of cyber criminals by intelligently safeguarding and securing the firm’s most important data. 

 Our clients can rest easy knowing we use active protection and constant monitoring. Our solution’s artificial intelligence and context-aware features enable it to defeat any attack. Our solutions cover all areas of cyber security to keep your data secure at all times with six main components: 

 Detect

We offer a proprietary network sensor that can detect non-conventional dangers known to breach regular controls. Both small and big companies may benefit from constant monitoring at various choke points and servers. Ultimately, this detection is based on real-time security. 

 Response

With NGAV+EDR and a lightweight custom agent on every user endpoint, we are proactive. This module includes information gathering to combat phishing attacks and adversary tradecraft successfully. In addition to looking at endpoints, we check for hidden abnormalities that may harm your network. Threats are identified in minutes due to our rapid response. We don’t make you wait days to strengthen your defenses. 

 Hunt

We can search for any dangers using real-time AI technologies, algorithms, and third-party intelligence feeds. We search your network for intruder entry and resolve them. Our experts work around the clock to ensure your network’s integrity is never compromised and that any issue is quickly addressed. 

Deceive

Even if a breach occurs, your network is protected by a complex deception environment. Intruders only see faulty data packets that are worthless. In addition, immediate notice is sent whenever any entity is detected interacting inside the created environment, reducing false-positive findings. 

Intelligence

We integrate over 300 threat intelligence sources to enhance your network’s security. Over 650 million danger indicators may be correlated with real-time data. This proactive approach enables us to respond quickly and prevent data loss or harm. 

Recon

Our cyber security skills extend to the deep and dark web. So whether attackers are planning an assault, stealing data, or selling it online, our recon module ensures you’re protected. 

 If you are looking for a solid cyber security strategy at an affordable cost, contact Panoply IT Solutions to learn more. The investment into your business, no matter the size, will save your business and reputation from the damage of cyber threats.