The most recent disruption in American oil supplies was caused by the forced shutdown of the Colonial Pipeline as a result of a ransomware attack. It’s concerning that another high-profile cybercrime has managed to breach the defenses of a supposedly technologically advanced country, following the SolarWinds and Codecov breaches.
These assaults highlight the importance of making security validation a mandatory aspect of a security posture. Security controls, no matter how dependable they claim to be, are no longer sufficient. According to a study, global cybercrime losses are expected to exceed $6 trillion in 2021. The dramatic growth in state-sponsored and organized crime hacking activity is substantially to blame for these losses.
Organizations must ensure that their security systems are up to date and capable of detecting and preventing successful assaults. If organizations want to protect their assets from the growing volume and sophistication of cyberattacks, they need to make sure they have enough security controls in place and that they are working properly. To ensure security controls of organizations are effective, these points are to be overlooked.
Weak Passwords: Some of the reasons for cyberattacks can be as simple as the refusal to adopt tougher passwords by the users. Passwords in the retail and e-commerce industries are particularly easy to guess. These simple security flaws can be easily rectified by executing a security validation method. A strong automated security validation platform can discover this flaw and other frequently overlooked flaws and send out a high-priority security alert, ensuring that the problem is fixed as quickly as feasible.
Cost: It’s critical to ensure that the security controls in place are operational and up to date in order to cut costs. Incorporating the MITRE ATT&CK architecture into an organization’s security posture will help ensure that attacks are detected before they succeed in penetrating. If attackers manage to get past the cyber defenses, having access to the most up-to-date cyber threat information makes it easier to recognize the problem, minimize its effects, rectify, and prevent future attacks.
Investment: Even as the cost of cybersecurity continues to rise, businesses tend to cut back on their defensive spending. Lesser security investments have resulted in poorer detection rates, lengthier breach effect, lower protection coverage, and more consumer data exposure. When businesses are in a bind, it’s logical that they’ll do everything they can to make the most of the few resources at their disposal. They can utilize security validation to test less expensive or even free solutions that will give enough protection.
Supply chain: The increased focus of bad actors on supply chains is another strong reason to pay attention to security validation. Because they have the trust of their clients, third-party suppliers are becoming the new cybercriminal favorites. Unfortunately, this reliance on third-party sources has proven ineffective.
Cyberattacks are growing more expensive, and establishing cyber defenses is growing more expensive as well. Furthermore, the attacks are growing more violent, frequent, overpowering, and smart. It is important to emphasize that cyber dangers should be taken seriously by everyone.