Five reasons why business cybersecurity is a decisive industry today? The world is now more reliant on technology than ever before. The emergence and growth of technology has had a positive impact on human life, but the convenience has, however, come with the risk of cyber attacks. If you use a tech device for whatever reason, then you’re highly likely to be exposed to a cyber attack. You’ll need to be protected, and that’s where cyber security comes in. Cyber security is the protection of electronic data and information. It’s the defense of electronic systems on devices, like computers, cell phones, servers, and networks, from malicious attacks. Regardless of who you are, it’s important to keep your data safe from unauthorized access.
Protecting your business against such attacks is not impossible, but you must be diligent. Regular data backups should be mandatory. It’s imperative that you use an offline or cloud-based backup, otherwise the ransomware can spread to those backups over the network in the same way they did your original files. Additionally, simple strategies such as two-step authentications can limit the spread of harmful malware and if user information is stolen, it can’t then be reused. Proactive security monitoring is a critical component of a fully functioning IT facility. By having the security in place, you automatically minimise the risks against emerging cyber threats. Our monitoring services can oversee your systems 24/7 and react to threats immediately to mitigate damage. Our team of experts will respond to alerts quickly and efficiently, providing you with ultimate peace of mind.
Although most common in the form of emails, phishing can take place outside of this field. Hackers are now using punycode, a lookalike method which sees remarkably similar domain names linking to a fraudulent, malware-infested site, gaining access to your private information in seconds. It’s important to be vigilant and if something looks suspicious, it probably is. Having standard anti-virus software within your business could certainly help you maintain security short term, but with consistent new threats ready to strike at any time, it’s no longer enough to keep your systems secure. Most commonly, it is in fact user error that allows malware threats to find their way into a business. A staggering 95% of cybersecurity attacks are a result of some kind of human error. We all make mistakes, and the likelihood is more so if the threat is presenting itself in disguise. It could be a simple click on a deceiving link, or not updating your systems as soon as required. Surprisingly, standard protocols like passwords are still not being implemented in companies. This offers cybercriminals an all access route into your business’ systems. A simple security measure is to make sure all company passwords are strong and cannot be easily guessed.
Mergers and acquisitions require a mix of strategic and tactical work – cybersecurity is usually an item on the tactical list. Many organizations are drawing up plans for mergers and acquisitions right now, as leaders look for growth after the pandemic slowdown, and as new business models emerge. However, weakened cybersecurity hygiene throughout the last year means that these M&A transactions elevate the risk of cybersecurity incidents. “M&A can be a breeding ground for cyberattacks and data breaches,” said Mordecai Gal, operations director at AccessHeat Inc. “Stringent due diligence that includes a focus on cybersecurity will help reduce regrets later in the deal lifecycle.” Today’s M&A plans need to include cybersecurity at several strategic and tactical points, to address growing scrutiny from regulators and other evolving cybersecurity risks.
While mergers and acquisitions generally lagged during the COVID-19 pandemic, they didn’t stop completely. Several notable transactions have taken place since early 2020. In March 2020, Sophos announced the completion of its take-private acquisition by Thoma Bravo. Later that summer, Thoma Bravo finalized its acquisition of Exostar, and earlier this year it agreed to acquire Proofpoint for a whopping $12.3 billion. It wasn’t the only private equity firm having a busy year: Symphony Technology Group bought RSA, McAfee’s enterprise business and, more recently, FireEye’s product business. Early last year, Insight Partners bought Armis for a valuation of $1.1 billion.
Latest business cybersecurity mergers and acquisitions news: Covail announced today that it has agreed to be acquired by cybersecurity and managed detection and response (MDR) services provider GoSecure. The transaction is estimated to close in December 2021. Terms of the acquisition were not disclosed. “Since our founding six years ago as the Columbus Collaboratory, our goal has been to find ways to leverage collaboration to deliver successful AI, cybersecurity and cloud-based software solutions to our Fortune 500 clients,” said Covail CEO Matt Wald. “With this acquisition by GoSecure, our clients will now have access to an even broader set of capabilities and expertise thanks to our ability to leverage GoSecure’s class-leading capabilities and solutions. This will also help to further accelerate market penetration for our leading-edge security products and AI capabilities.
Crossword Cybersecurity PLC said Tuesday it has agreed to acquire an undisclosed cyber-threat company for 1.5 million pounds ($2 million). The U.K. cybersecurity technology commercialization company said that it will pay for the transaction in a mixture of cash and shares, and that some of the payment will be deferred. The company said the deal would bring its portfolio to five cybersecurity offerings alongside its cybersecurity consulting business. “We are delighted to have the opportunity to acquire this fast growth company, and to complete our objective of having five cybersecurity software as a service products in our portfolio almost a year ahead of schedule,” Chief Executive Tom Ilube said.
Strategic mergers can fill gaps in existing platforms and fortify the electronic barrier from outside threats. While increased strength is a plus, some other attractive gains from a consolidation include the merging of data feeds, security orchestration, automation, and response. This all contributes to a whole suite of protections that have the ability to communicate with one another such as cloud threat protection, two-factor authentication, and recovery services. https://www.access-heat.com/ is in the market to acquire cybersecurity firms and leverage their varied technologies to achieve combinational and transformational synergies. If a profitable exit strategy is one of your future goals, our investors will work directly with you to transition your company into our investment firm.