When it Comes to Cybersecurity and Compliance, there is no Room for Error

When it Comes to Cybersecurity and Compliance, there is no Room for Error

We’ve seen the statistics about the sharp rise in cyber attacks, and the impact on businesses – lost revenue, stress on resources. In many cases, organizations never recover. In fact, 60 percent of small companies go out of business within six months after falling victim to a data breach or cyber attack.

When you consider the volume of threats and attacks, most of which go undetected, and the constantly changing regulatory environment across industries, it’s no wonder businesses have a tough time keeping up. But with financial security and future of your business on the line, organizations of all sizes must be proactive about putting measures in place to monitor suspicious activity.

Having basic security protection solutions and practices in place isn’t enough. In this age of technological awareness, many business owners believe that paying for security tools is enough to deflect cyberattacks. It’s not. According to a recent report, despite deploying several security products, 53% of attacks remained undetected.

To counter the daily threats and long-term impact of cybersecurity and compliance issues, businesses need to take concrete steps to stay ahead of hackers and to avoid compliance backlash. Doing so can be costly, complex and difficult to manage if done piecemeal. The average small and mid-size business (SMB) has ten or more security solutions in place.

Other challenges facing SMBs around cybersecurity include:

Lack of resources: SMBs have already made investments in technology and may be reluctant to spend more on something that requires updating operating system, storage, or the whole infrastructure.

Lack of expertise: Attacks are becoming more complex. Organizations need to deploy security solutions that extend to remote locations and cover roaming and mobile users. SMBs also have partners,consultants, supply chains and third party apps that extend beyond the traditional network perimeter and make things harder to defend. What’s more, an ongoing shortage of experienced cybersecurity staff worldwide makes finding and hiring staff difficult.

Lack of information and training: Most small and medium-sized businesses do not have a sizable enough IT team to apply the necessary focus on daily threats, attacks and compliance challenges.

Lack of time: Smaller businesses are understandably focused on day to day operations, such as product or service delivery, serving customers, and growing revenue. Cybersecurity and compliance requirements can seem like a non-urgent priority.

All of these factors have created the need for a new approach to cybersecurity and compliance.

Businesses must predict and prevent modern, sophisticated cyber threats – while also ensuring compliance with growing regulatory mandates.

To help SMBs take a proactive approach, we’ve seen the emergence of a new category, Managed Cybersecurity and Compliance Provider (MCCP). MCCP organizations offer a full range of cybersecurity protection and remediation services, along with complete compliance achievement and monitoring, to keep clients secure, compliant and focused on growth.

As one of the pioneers of MCCP, Abacode drives dramatic improvements in threat detection and protection, while bringing new-found visibility into regulatory compliance requirements -without the complexity or cost of multiple suppliers. Abacode’s deep expertise in complicated regulatory environments in industries like healthcare, financial services and the public sector ensures clients are up-to-date and compliant at all times to simplify audits, avoid fines, and support access to new revenue opportunities.

Abacode has spent years working with clients to understand their challenges. From those learnings, the company now delivers a complete cybersecurity and compliance solution for better accountability and visibility across the security landscape. The combination of software-driven security solutions and compliance expertise enables Abacode to provide SMBs with cybersecurity and compliance in one managed service, called MCCP Core.

Abacode’s all-in-one solution includes:

Managed Threat Detection - 91% of cyberattacks don’t trigger security alerts. Abacode combines leading Security Information & Event Management (SIEM) and AI Threat Detection software with its dual redundant, 24/7 Security Operations Centers (SOC) for real-time visibility across your entire threat landscape.

Assessment and Advisory - Delivers a true vulnerability assessment: Gap identification, a report card on business impacts and remediation strategies.

Digital Forensics and Incident Response - Leverage threat intelligence data enriched with years of cyberattack and threat experience to manage the preparation, response and mitigation of attacks such as phishing, ransomware, or credentials theft when they occur.

Managed Compliance - A recent study shows that it costs an organization twice as much to not comply with regulatory mandates versus making the initial investment. Abacode ensures that organizations abide by regulation requirements and/or certification bodies (CB) in preparation for audits against security standards such as CMMC, HIPAA, FedRAMP, NIST, and SOC 2. Abacode manages the entire process and acts as their customers' security department during assessment, audit, examination, or certification processes.

SMBs simply can’t afford to wait until a crisis happens to take action. By working with a MCCP, the critical business requirements of cybersecurity and compliance can be outsourced - usually for less cost and at greater effectiveness than in house - providing full confidence to keep focus on core operations and growth while remaining secure and compliant.

Featured

  • Data Driven, Proactive Response

    As cities face rising demands for smarter policing and faster emergency response, Real Time Crime Centers (RTCCs) are emerging as essential hubs for data-driven public safety. In this interview, two experts with deep field experience — Ross Bourgeois of New Orleans and Dean Cunningham of Axis Communications — draw on decades of operational, leadership and technology expertise to share how RTCCs are transforming public safety through innovation, interagency collaboration and a relentless focus on community impact. Read Now

  • Integration Imagination: The Future of Connected Operations

    Security teams that collaborate cross-functionally and apply imagination and creativity to envision and design their ideal integrated ecosystem will have the biggest upside to corporate security and operational benefits. Read Now

  • Smarter Access Starts with Flexibility

    Today’s workplaces are undergoing a rapid evolution, driven by hybrid work models, emerging smart technologies, and flexible work schedules. To keep pace with growing workplace demands, buildings are becoming more dynamic – capable of adapting to how people move, work, and interact in real-time. Read Now

  • Trends Keeping an Eye on Business Decisions

    Today, AI continues to transform the way data is used to make important business decisions. AI and the cloud together are redefining how video surveillance systems are being used to simulate human intelligence by combining data analysis, prediction, and process automation with minimal human intervention. Many organizations are upgrading their surveillance systems to reap the benefits of technologies like AI and cloud applications. Read Now

  • The Future is Happening Outside the Cloud

    For years, the cloud has captivated the physical security industry. And for good reason. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. But as the number of cameras grows and resolutions push from HD to 4K and beyond, the cloud’s limits are becoming unavoidable. Bandwidth bottlenecks. Latency lags. Rising storage costs. These are not abstract concerns. Read Now

New Products

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.