Everyone Likes Money — Especially Cyber Criminals.
MSSP Services Can Combat the Cash-Infused Sophistication of Today’s Cyber Crimes.
Oct. 15, 2024
With modern attackers willing to invest more money in deploying advanced tactics, MSSP services are the smart solution to fending off these well-funded attacks.
You’ve heard the old adage “It takes money to make money,” which through time has applied to anything from lemonade stands to Fortune 500 companies. The takeaway being: investing in high-quality resources, materials, tools, etc. typically results in an even higher-quality return on investment (ROI). Well, the same concept has gripped the world of cybercrime like an anaconda, and it probably won’t be the first time you hear this, but: cyber criminals are investing more in sophisticated attacks and getting more in return than ever before.
As the cybersecurity landscape evolves at seemingly lightning speed, organizations are often left playing catch-up. With MSSP services, you can stay ahead of the curve instead of chasing after it.
The Growing Sophistication (and Funding) of Cybercrimes
Cybercrime tactics are continuously bolstered by technological advancements – enabling even the most average of cyber criminals to do damage in a big way.
For example, AI has become a big player in cybercrime, with attackers successfully deploying email phishing scams using regionalized and familiar language, or leveraging deepfakes to impersonate an individual over the phone or even over a
video call.
However, it’s important to keep in mind that the strongest tactics from previous generations remain in play, somewhat flying under the radar with altered deployment strategies that can catch employees unaware.
“Up and down our organization, the points of contact with DirectDefense have been great; customer-focused, relevant, and competent. From that perspective, they really do make you feel like you’re their only customer. The engagement is strong, the customer focus is strong, and regardless of circumstances, they’re always ready to respond.”
– VP and CIO
Marine Recreation & Technology Company
As we examine the rise of cybercrime, it’s crucial to keep in mind that certain older tactics, especially ransomware, are still very much in effect. Today, attackers are increasingly bold, malicious, and unafraid to show they were there. These attackers are leveraging modern tools to sharpen the capabilities of older, tried-and-true tactics.
With shinier tools in the hands of attackers who are also willing to spend ill-gotten gains, company security leaders can feel like they’re walking blindfolded through a driving range: you’re more than likely to be hit by something. These concerns only grow for leaders of large, successful organizations that hold PII or other sensitive data for employees and customers.
Modern attackers are savvier than ever, and they know which information to steal when they’re hoping to put pressure on the business under fire. As such, extortion has become a favorite tactic of attackers because it typically guarantees a big payout.
Today’s cyber criminals intentionally steal data from organizations that are required to disclose breaches, such as hospitals and financial institutions. Because of the sensitivity of the data these organizations hold, they often have fortified security measures in place that are fairly tricky to break through.
But – this is where spending more can make big difference for an attacker.
The more they spend on tools and tactics for getting into these organizations’ networks, the higher the chance they’ll actually manage to get inside and successfully steal data.
Once breached, the company not only has to report the attack but they also have to act quickly to prevent their customers’ information from being released. In the case of healthcare organizations, allowing that data to be stolen could result in reputational and potential legal repercussions. The release of that data would worsen those repercussions, especially for any patients whose information is sold or circulated.
Combat Cyber-Anxiety With More Powerful Security
How MSSP Services Can Protect Your Business
MSSP services act as your organization’s best defense against the ever-evolving threat landscape, offering an all-encompassing approach to cybersecurity, designed to defend against the latest wave of threats and empower your organization to respond quickly and effectively when an attack occurs.
An MSSP Provides Critical Support By:
Closing Vulnerabilities: Cyber criminals look for the next weak spot to exploit. An MSSP conducts regular vulnerability assessments, ensuring your defenses aren’t just up-to-date but one step ahead of the latest threats. Whether patching a zero-day exploit or reinforcing defenses against AI-driven attacks, an MSSP ensures your systems are ready for whatever bad actors throw at you.
Monitoring and Management: Cyber threats don’t clock out at 5 p.m., and neither does your MSSP. With 24/7 monitoring by seasoned security experts, any suspicious activity is detected and responded to before it can escalate into a full-blown crisis. An MSSP’s constant vigilance is your first line of defense, keeping your network secure while you focus on running your business.
Incident Response Planning: In the aftermath of a breach, every second counts. From drafting detailed incident response plans to conducting regular drills, an MSSP equips your organization to handle breaches like a well-oiled machine, minimizing downtime and damage.
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Employee Training: Even the most sophisticated security systems can be undone by human error. That’s why MSSPs emphasize employee training to address the specific threats your organization faces. By educating your team on the latest phishing schemes, social engineering tactics, and AI-driven scams, an MSSP partnership can turn your employees from potential liabilities into a critical line of defense.
Layered Security Measures: Cyber criminals are relentless, but so is an MSSP. From advanced endpoint protection to strategic network segmentation, an MSSP will layer your defenses, creating a barrier against unauthorized access. And if an attacker does manage to slip through, rapid detection and response minimize their window of opportunity, preventing them from wreaking havoc on your systems.
Staying Ahead of the Curve
The cybersecurity landscape isn’t just changing — it’s transforming at an unprecedented rate.
Talk to us about a managed security solution to strengthen your security posture – and help you do more than keep up. Stay ahead of the curve, turn the tables on cybercriminals, and safeguard what matters most.