Is automated security the way forward to protect your business

Heightened cybersecurity is important in all industries and organizations today, as cyber-attacks continue to increase.

With cybercrime rising by 600% during the pandemic, it’s estimated by 2025 to cost the world $10.5 trillion USD annually.

One of the keys to successful cybercrime is attackers harnessing the power of technology with automation. Therefore, it’s critical for companies to use the same tools as their attackers. Reducing the time needed to detect, analyze, and prevent threats is the payoff with automated security tools, which ultimately improves your organization’s risk profile.

What is automated cybersecurity?

Your business is likely to have already implemented one of the many cybersecurity products designed to automate security processes. For example, anti-malware may be set up to scan and detect cyberthreats based on security protocols set up by the IT team. New best practices in automation are being implemented that include security tools such as:

Robotic Process Automation (RPA), which is software programmed to do a variety of basic and repetitive tasks.

Security Orchestration Automation and Response (SOAR) is designed to orchestrate activities between different security tools and execute specific responses to identified threats.

Security teams must deal with repetitive and time-consuming tasks to process vast amounts of data that enable detection and analysis of cyberthreats. As cyber-attacks become more advanced and numerous, the ability to protect your company data becomes a challenge for IT teams.

Cybersecurity automation can take care of tasks normally performed by humans with speed and accuracy:

With the use of automation, tasks that are typically repetitive and typical (e.g. detection, investigation, action) can be completed quickly, which helps stop any disruptions or threats to your business operations.

Why use automated cybersecurity tools?

Cybersecurity is one of the biggest growing concerns for businesses around the world today. Why? In the last year, cyberthreats and successful attacks have increased exponentially, so that today a computer is hacked every 39 seconds in the U.S.

Once an attack is successful, the potential for harm is limitless, whether it is financial loss, business reputation, or actual services being disrupted. As an example, the city of Atlanta was hit by the SamSam ransomware, with attackers asking for $51,000 in ransom. The ransomware took the city of Atlanta offline for five days, and caused significant disruption to city operations and services, costing $2.6 million in recovery efforts.

Cybercriminals are using the very automation technology that security experts use, to make more attacks and increase the speed in which they’re successful in infiltrating systems. Many organizations have internal IT teams who are specifically tasked with keeping systems and networks safe. However, security is becoming more complex and requiring more time and resources, which is where automated security tools can be of huge benefit.

In the future, it is likely that organizations will continue to rely on automation to help them keep up with the rising complexity of cyber security.

Benefits of automated security

Automation isn’t just a trend, but an important and revolutionary technology that can change how businesses are run, giving the security team more time to focus on more complex work. As business processes continue to grow, the need for efficiency becomes even more necessary.

This shift towards automation saves organizations time and resources, allowing internal IT staff to get on with creating new security strategies. Companies without the ability to employ inhouse security teams can outsource cybersecurity to Managed Security Service Providers. MSSPs can handle security for your business 24/7, alleviating the concern of potential cyberthreats disrupting operations.

The key benefits of automated security include:

1. Efficiency

Threat data is vital to protecting your business, but the vast amount acquired from internal and external sources needs to be collated and then analyzed. This data identifies threats that predicts future attacks, so more data increases the accuracy of predictions. Automated tools can process this volume of data faster, with more accuracy, and detect more advanced threats, than if done manually by humans. Time spent following up security alerts and event management to find false positives can be better spent on more important tasks.

2. Compliance

The use of security automation can help companies stay up to date with cybersecurity regulations and will likely be an added measure of protection for those working in regulated industries such as finance or healthcare. The use of automation optimizes compliance, risk management, and financial reporting by streamlining the process of collecting data, analyzing it to ensure the business is compliant, and producing reports.

3. Improved risk posture

One of the biggest advantages automation provides is its ability to not only save time, but generate innovation and improve your organization’s risk posture. Not only can you protect your business now, but into the future as well. As cybercrime evolves, your organization needs to adapt and rise to the challenge. Automation allows security specialists to strategically map out the processes that will ensure the risk of cyber-attack is minimized.

As cybersecurity becomes more complex, businesses need to invest in the right tools to ensure they are protected. Talk to the security experts at BCS365 to find out more about customized services to suit your business needs.