SpartanTec, Inc. Charleston: Top 3 Challenges Hindering SMB Cybersecurity

Last year has been a tough year especially when it comes to security. It seems like security leaders are doing their best to keep the pandemic under control, ransomware continues to rise, the cost of the breach continues to increase, and now we have a war in Europe. A lot of companies are being forced to focus on and bolster their cybersecurity.

There’s also a need to balance the provision of incentives to workers who’ve been working remotely for two years as they return to the office. The old ways of doing things is no longer sufficient and organizations can no longer ignore cybersecurity.

IT security has become one of the top priorities of companies and that is expected to continue. Unfortunately, coming up with an effective security strategy isn’t easy. Here are the challenges that companies may face.

Cybersecurity Challenges Companies Face

Talent

It’s difficult to find professional and talented IT support staff. Not only that, it may cost a lot to train good employees. Every company has had talented staff resign after they were offered with higher salaries and better titles by a different employer.

Should you consider paying agencies to help find excellent employees or should you pay for the one that you have sourced yourself? Should you hold out for months just so you can find the right candidate?

Companies today want to lower the risks of cyberattacks or in a worst case scenario, mitigate a successful cyberattack before the company suffers extensive and real damage. To help you do that, your security needs to have the appropriate resources. This isn’t a problem with bigger companies but it may not be a good option for small and medium sized businesses.

Smaller companies most likely will go for an external option. They could leverage third-party managed IT services as well as managed detection and response vendors might be able to assist in finding the talent that a company can’t source.

Budget

Cybersecurity in Charleston SC is receiving board level exposure although IT budgets are currently under pressure because of the rash of cybercriminals always making the headlines. Ransomware gangs are upskilling themselves and because of that companies are increasing their budget for IT security as well.

The challenge that most companies face is finding out what investments would pro0vide the best returns and where the money should be spent.

It’s no secret that it’s insufficient to only have a security strategy that is developed solely on prevention tools. You need to know how to balance prevention, handle common threats, and detect threats.

You should consider endpoint detection and response tools (EDR) as well as XDR tools. With the right IT people, processes, and tools will help create more actionable outcomes that could help in boosting your company’s cybersecurity.

Changing Environment

Changing environment isn’t a new problem. It has something to do with the insufficient processes that are created between the security and IT teams. In the past decades, the stakes increased as well. Ransomware has become more sophisticated and cyberattackers can easily target companies of all sizes and get what they want through untraceable cryptocurrencies.

Ransomware will continue to be a problem in 2022. Misconfigurations and compromised credentials will still be the vectors used by cybercriminals.

You need to:

have a patching program that’s proactive
You must improve the program with an emergency patching tool that’s reactive
You should implement an extensive detection and response plan that will catch threats that may try to evade your defenses.