Cybercriminals only need to locate one system or network vulnerability to launch a sophisticated cyber-attack, designed to cause maximum disruption and financial loss. With costs running into the millions as a result of one data breach, the most significant duty of security teams today is to find and manage vulnerabilities and prevent vulnerability exploits.
Finding and fixing all hardware and software flaws is no small task for security teams, which is why running continuous vulnerability scans can help keep up with new and impending cyber threats. This allows businesses to identify where their security posture is lacking, and security teams can begin to harden the security of networks and devices and implement additional controls.
Ways vulnerability scanning helps reduce costs and mitigate risks
Reduce cost burden on business
Data breaches can cost businesses hundreds of thousands or even millions of dollars in downtime while a cyber-attack is detected and remediation responses are undertaken. The indirect costs are difficult to quantify, as there are more than likely high costs related to remediation and investigation of the data breach, maintaining employees during the security incident, recovery and reinstating operations, as well as potential legal and regulatory costs. Overall, the costs of a data breach are likely to be far higher than the cost of proactive measures as part of a risk migration plan including continuous vulnerability scanning.
Ongoing vulnerability management
Occasional scans only provide a static snapshot of an organization’s vulnerability status. This makes it hard to monitor the progress of vulnerability remediation and means security teams only have an outdated picture of security posture at that given moment. Vulnerabilities can be introduced between scans, and it can take time before they are detected, processed, and fixed. According to IBM, the average time it takes for companies to identify a breach is 197 days, and 69 days to contain a breach. This leaves a lot of time for damage to occur.
Without regular scanning and vulnerability management, there's a chance that a business will always have some websites or applications that are vulnerable to attack. Continuous vulnerability scanners offer an up-to-date view of an organization’s security stance and make it easier for security teams to identify priority areas and detect potential security weaknesses before they’re exploited.
Managed service providers can’t afford to waste time on labor-intensive vulnerability tracking across one-off scans. As technology evolves, so do the tactics used by malicious actors to try and exploit it. As manual tasks are increasingly automated across IT, vulnerability risk assessment and management require efficient automation.
Continuous vulnerability scanning, along with regular reviews and audits allows security teams to keep up with the changes that happen rapidly in the security landscape. This increases operational efficiencies, allows vulnerabilities to be discovered and mitigated more efficiently, and reduces the unnecessary risk of data breaches, translating into tangible security gains and lower costs.
Return on investment in security
In today’s modern world, technology is constantly progressing and evolving. So are the techniques cybercriminals use to infiltrate networks and systems. That is why businesses must think in terms of constantly adapting and improving their security tools to meet the next new threat. This requires investment in a risk mitigation strategy that ensures that security solutions are used to control risks proactively, rather than waiting for a threat to become an actual attack.
Regular vulnerability scans and audits allow organizations to stay ahead of the types of risk that lead to sensitive data being breached, quickly patching vulnerabilities, and developing new strategies without increasing security risk.
How ThreatAdvice helps reduce risk and costs
Understanding and identifying risk is essential to IT risk management. However, this can be complicated by the fast-moving changes that happen with today’s technology, the constantly evolving threat landscape, and the ongoing requirements to meet regulatory compliance. The solution to managing clients’ cybersecurity effectively and efficiently is to utilize a continuous vulnerability scanning tool, which scans and monitors networks for new assets and identifies vulnerabilities.
Continuous vulnerability scanning is included in the ThreatAdvice Breach Prevention Platform, a comprehensive cybersecurity management solution to empower MSPs to provide and oversee client cybersecurity. With ThreatAdvice’s continuous vulnerability scanning, MSPs can reduce costs and mitigate risks for their clients effectively and efficiently. Contact ThreatAdvice today and find out how how to secure your customers and enhance your security offering.