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The Growing Threat of Cyberattacks

By June 12, 2019December 10th, 2019No Comments

As much as cyber-attacks occur with greater frequency and intensity around the world. many either go unreported or are under-reported, leaving the public with a false sense of security about the threat they pose and the lives and property they impact.

NB: Organizations and individuals should do more to secure their networks.

Although prior administrations have taken steps to improve the overall security of the nation’s networks. Yet, it has not been enough. The constantly changing threats and vulnerabilities in the cyber domain, and the U.S. remains unprepared for.

FACT: Cyber-attacks and espionage are costly to the U.S. and global economy.

  • Cyber breaches are projected to cost the global economy $2.1 trillion by 2019, more than quadrupling the cost since 2015.
  • IBM’s 2016 Cyber Security Intelligence Index says that health care, financial services, and manufacturing are the top three sectors targeted by hackers due to the vast quantity of personal information and potential monetary gain that exist in those fields.
  • Multiple firms project that by 2020, 30 billion devices will be connected to the “Internet of things,” huge growth in devices that connects ever more of daily life to the Web.
  •  The cyber-insurance industry is already estimated to be worth well over $3 billion and will provide a market mechanism for quantifying cyber risks and encouraging companies to improve their security.

What step have you taken to secure your network?

Are you performing reliable tests on your network?

Ideally, cybersecurity problems should be handled before they have a chance to occur. Having a sound strategy for preventing issues is crucial. A good preventive measure is to perform proper penetration tests. A penetration test mimics a real cyber-attack and tests the general state and capabilities of your security systems. It’s important to know your network’s weakest spots and be sure that your cybersecurity software and information security team can deal with all kinds of threats.

Have you done everything you can to minimize both internal/external threats?

A February 2018 report found over one in four attacks starts inside corporate networks. These insider threats can be devastating, especially if employees have privileged accounts and threats may go undetected for months if companies aren’t looking inward.

Are your procedures compliant with the safety standards?

The best way to determine that your system is safe enough is to confirm its compliance with the most comprehensive sets of cybersecurity standards conceived by professionals in the field and governing bodies.

We at CCG, stand ready to work closely with your organization, by introducing Checkmate, together with Phen a powerful AI tool to ensure you have a safe and secure business platform to operate your business.

Phen.AI combines human-like knowledge, understanding, and common-sense reasoning with speed, and scalability of modern computing.

In real-time, Phen Keeps watching on all traffic data 24/7/365 for attacks and suspicious activity to and within your network. Reviewing, analyzing and managing network traffic. Monitoring network performance, availability, and security.

Also, our intrusion detection system will monitors and analyze the internals of all IP compute systems on your network and detect hacking activities, denial of services and other cyber attacks.

Olumide Akinwekomi

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