Will 2023 be another year of continuous data breaches? In 2022, global organizations contended with a ransomware attack every 11 seconds.1 In the third quarter of the year alone, 15 million data records were compromised due to cyber security incidents. The average cost of information loss is $5.9 million, and worldwide cyber crime costs are projected to
exceed 10 trillion annually by 2025.2,3
“The past 12 months presents one of the most turbulent and disruptive periods on record, at least as far as security is concerned,” says Check Point’s Chief Product Officer and board member, Dorit Dor. Unless we take drastic action now, the next 12 months may not prove much different, and a confluence of factors could actually render the new year significantly worse.
Cyber security incidents cannot become a new norm. They reduce organizational integrity, and place critical services and individual lives at-risk. How is your organization going to help flatten the security incident curve and cultivate a stronger resilience profile?
The Prevention-First Approach
Put cyber security prevention at the center of your strategy. In stopping frequent and costly cyber attacks, in-depth analyses show that implementing a prevention-first cyber security framework is easier, more effective and more cost-efficient than continued reliance on detection methodologies alone. A detection-based set-up means that you’re allowing the cyber criminals within arm’s reach of your valuable assets. If your organization is not yet leading with a prevention-first strategy, here’s what you need to know in order to secure every facet of your enterprise…
Prevention-First is Easier
As organizations like yours accommodate growing digital footprints and store ever-increasing quantities of data, cyber security must scale. Cyber security must keep up with increasing risk levels. If using a detection-focused approach, the approach may not lend itself to the sprawling complexity associated with digital growth. A detection-focused approach may lead to operational overwhelm.
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