Security
Software must be updated regularly, and brought within the purview of overarching security solutions, in order to keep data, applications and systems as safe as possible. If an IT team doesn’t have total visibility of its estate, then it can’t be sure that this is the case. This leaves the business more vulnerable to cyberattacks, which are increasing in frequency and sophistication all the time. Checkpoint’s research found that cyberattack frequency rose by 38% in 2022 alone.
The impact of a successful cyberattack can be severe, and not just because of the disruption and reputational damage it can cause for a business. Regulations like GDPR and CCPA mean that heavy penalties are levied on companies found to be lacking in their data protection. For example, in October 2022, UK construction company Interserve Group Ltd was fined £4.4 million by the Information Commissioner’s Office for failing to secure sensitive employee data; a successful phishing attack allowed hackers to access the personal information of around 113,000 employees.