In light of rising cyber attacks and the changing regulatory system, keeping abreast of cyber threats before they take hold is more important than ever. A continuous monitoring programme is essential to this.
KYND, which develops cyber risk management solutions, pointed to a report by CheckPoint Research. The report revealed that global cyber attacks increased by 28% in the third quarter of 2022 compared to the same period in 2021.
Additionally, the average weekly number of cyber-attacks per organisation reached a staggering 1,130. Moreover, a government report by the Cyber Security Breaches Survey found that 31% of businesses estimate they experienced a cyber attack at least once a week, and 20% of those businesses say they experienced a negative outcome as a direct consequence of a cyber attack.
KYND has positioned itself as a pioneer of continuous risk monitoring long before it became as essential as it has today, and the company is championing for this approach in light of these alarming statistics.
New vulnerabilities
Given the speed and complexity of cyber-attacks, and new vulnerabilities emerging daily, KYND said there is now a significant risk that in between those periodic risk checks, changes to that organisation’s infrastructure and cyber risk profile may have happened without their knowledge.
Having no real-time risk visibility between security audits can have a detrimental impact on a business and their cyber resilience.
However, a continuous monitoring capability will provide a curated ongoing montage of the most important cyber vulnerabilities facing a business, so that they can take steps to mitigate these threats.
How can KYND help?
KYND advocates for continuous risk monitoring predominantly because it enables companies to more easily detect potential cyber threats and take action for prompt remediation before these vulnerabilities turn into something more sinister.
The real-time visibility that continuous risk monitoring provides is unmatched. It can also help companies after an attack has occurred, as you are more likely to become aware of a breach as soon as it has happened.
This is not always the case. KYND said according to this year’s Cost of a Data Breach report by IBM, it takes 207 days on average to detect a data breach within an organisation, and the average time to contain it is 70 days; totalling a 9-month long breach lifecycle.
What’s more, continuous risk monitoring also helps companies protect themselves from falling foul of potentially crippling fines that can result from data breached. Staying ahead of emerging cyber threats demonstrates that cyber due diligence has been performed correctly and every effort has been made to avoid a data breach.
KYND’s robust monitoring service continuously scans for new and existing threats and alerts you as they arise.
The company helps prevent the worst from happening by making sure you’re aware of every action you need to take in order to prevent the worst vulnerabilities from being the reason for a catastrophic data breach and resultant devastating fine.
With KYND’s continuous monitoring service, an organisation can identify risks as they appear or evolve, and prioritise and plan remediation activities to improve its cyber defences.
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In October last year, KYND released the next generation of its cyber risk management for the managed service providers (MSP) sector.
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