Join us in this journey of IT risk management solutions and learn to guard your data and operations against the unpredictable tides of cyber threats. Whether you’re an IT professional, a business leader, or just want to stay informed, this blog is your go-to resource for staying one step ahead.
Did you know that according to recent studies, the average global cost of a data breach has increased by 15% in the last 3 years, reaching $4.45 million per incident?
The growing threat posed by security breaches to companies. Both in financial terms and brand reputation, is a constant across multiple industries. And the trend continues to rise.
Moreover, did you know that over 90% of computer security breaches are caused by human errors or careless behaviors within the company itself? These facts are not at all encouraging and highlight the urgent need for organizations to be vigilant, prepared, and up-to-date in addressing cybersecurity risks.
Analyzing both pieces of data, we can see that on one hand, the increase in the average cost of a data breach indicates that companies are facing significant financial losses due to security incidents. On the other hand, the fact that the vast majority of security breaches are caused by human errors underscores the critical importance of cybersecurity awareness and training within companies.
Despite investment in security technology, human vulnerability remains one of the biggest weaknesses in the cybersecurity landscape. Therefore, in this blog, we will highlight the most recurrent challenges that companies face in the field of computer security. And explore innovative strategies to address them.
From the constant evolution of cyber threats to the need to maintain data integrity, we will cover each aspect in depth and clarity. Our intention is to provide you with the necessary knowledge to make informed decisions and effectively protect your organization.
Most common IT risks management solutions for companies
To manage IT risks effectively, it is essential to identify and understand them. Let’s explore a little about the three most common issues that companies should consider. So that when they need to mitigate them, it’s not too late.
1. Cybersecurity Risks
The fact: according to the Symantec Internet Security Threat Report, in 2023 phishing scams accounted for almost 36% of all data breaches. Additionally, 71% of companies experienced a successful phishing attack.
Cybersecurity continues to be one of the biggest concerns for companies. Especially with the constant evolution of threats such as ransomware, phishing, and other malware.
2. Service disruptions and infrastructure failures
The fact: according to the IDC report on the economic impact of data unavailability, service disruptions and infrastructure failures can cost companies (depending on size) an average of US $60,000 to $120,000 per minute in lost revenue and productivity.
Another significant risk is service disruption, which can be caused by hardware failures, human errors, or targeted attacks. These disruptions not only affect daily operations but also finances and corporate reputation.
3. Data loss and privacy breaches
The fact: according to a study by Oracle, 76% of IT leaders reported having experienced severe loss of critical data in the past year.
The loss of sensitive or personal data can have devastating consequences. Not only in terms of legal penalties but also in loss of customer trust. Effective data management and protection against breaches are critical.
Strategies to manage and overcome these risks
Proactive risk assessment and management
Being proactive, not reactive. Implementing a proactive strategy that identifies, assesses, and manages risks before they become a real problem is crucial. Risk analysis tools and specialized software can play a key role in this task.
Strengthening IT infrastructure
Strategically investing ensures your company’s resilience in any eventuality. Investing in a robust and secure IT infrastructure not only reduces the likelihood of service disruptions. But also enhances the company’s ability to respond quickly when incidents occur.
Employee training and awareness
Ongoing training and awareness are key to strengthening internal defenses. One of the weakest links in information security is the human factor. Providing regular training and raising awareness of best security practices is essential to strengthen internal defenses.
Disaster response and recovery
An anticipated plan is not only an effective measure but a strategic investment. Having a well-developed and rehearsed disaster response plan can make the difference between a quick recovery and prolonged and costly damage. This plan should include both data recovery and business continuity.
Conclusions and next steps
Now that we have explored the main IT risks and some of the most effective solutions for managing them, we invite you to reflect on how these approaches can be adapted and customized for your organization. Are you ready to turn these challenges into victories for your company?
Remember, risk management is not a project with a beginning and an end, but a continuous process that must evolve along with the threats and the company itself.
The question we leave open is: what specific strategies might work best for your particular environment? Analyze, adapt, and act to ensure that your company not only survives, but thrives today.
The answer could be in Interfaz. Learn all we can achieve for the security of your company, your employees, and your customers. With our support, you can face the future with confidence.