The largest misconception of people looking to use MonsterCloud is the more cyber-security a company has, the better protected they are. The fact is that traditional cyber-security solutions (antivirus, firewall, etc.) are misguided choices for company executives. The multiplication of traditional cyber-security solutions involves a massive amount of time, budget, and staff. If security teams do not have the skills or training for new security tools, they may misinterpret the alerts that are generated, resulting in an increase in false positives. These false alarms will divert them from real threats and ultimately reduce the overall security level.
The more advanced the technologies, the better protected you are. In fact, this statement is true, but to a certain extent. Cyber-attacks are designed by humans, which means that there will always be a few clever people who can bypass static technologies. To combat current cyber threats, business leaders need to implement a combination of technology, cyber-intelligence and peer-to-peer capabilities, something of which experts call Adaptive Defense.
Another misconception is that detection and prevention are the two pillars of an effective security system. Business leaders need to change mindsets and take into account the full life cycle of threats. There are more relevant indices to assess the effectiveness of security:
- Number of incidents resolved
- Incident resolution speed
- Potential impact of the incident
Relevant performance indicators, reliable technologies, cyber-wheels and expert skills are the criteria on which security investments must be based to benefit the company in the short and long term. According to industry experts, small businesses suffer almost 50% of cyber attacks and, thus, represent the “lion’s share”. Industry reports made on cyber-security threats in 2016 indicate that about 1 in 40 small businesses are threatened by cyber-crime, much less than the number of large enterprises. The most telling statistic is the steady rise in the proportion of attacks that target small businesses over the past few years, from 19% of all attacks in 2012 to 51% in 2016. A report by the same industry experts depicts an even darker picture. According to their data, at least 50% of small businesses have experienced cyber attacks in the last 12 months.