8 Cybersecurity Metrics Every Business Should Monitor

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8 Cybersecurity Metrics Every Business Should Monitor
8 Cybersecurity Metrics Every Business Should Monitor
8 Cybersecurity Metrics Every Business Should Monitor
8 Cybersecurity Metrics Every Business Should Monitor
8 Cybersecurity Metrics Every Business Should Monitor

You can protect your company’s by ensuring the security it offers is focused on the types of threats that each can cause. Some of the common attacks that you will want to avoid are malware, phishing attacks, ransomware attacks, and other malware. This is where cyber security comes in. It secures networks, computers, programs, and data from unauthorized access or compromise to ensure information is not stolen or compromised.

Businesses should invest in keeping their customers’ data safe. And you must do this not only in accordance with ethics but also according to law. Your company could face legal action if you neglect to look after your data.

Cyber security should be seen as a financial investment rather than a cost because it helps protect the business’s data and reduce the prospect of harm. With that in mind, here are eight important cybersecurity metrics that all companies should monitor if they want to securely keep business assets and other assets.

Cybersecurity KPI 1. Level of preparedness

Businesses must have a good understanding of potential dangers they face. They need to be ready to prepare since it’s impossible to anticipate a cyberattack at all times and they need to be ready for any cybersecurity attack. Businesses must enable them to have a high level of preparedness in their cybersecurity. The primary reason is so they have a way to keep their protection.

Cyber attacks have escalated over the years. You may come across various types of attacks, such as phishing, ransomware, and DDoS. These attacks can lead to data breaches, for which your company can be fined heavily.

Companies must be proactive about combating cyber threats. Good database management software is a great starting point for security in business systems.

Cybersecurity KPI 2. Unidentified devices on internal networks

Unidentifiable devices found on business networks can endanger the network’s safety.

Any work area is a region where privacy and security of information are most vital. Banks, hospitals, and retailers handle sensitive information and need to access confidential information. Staff members also connect to other systems, which means they are more at risk of cyberattacks than they would be at home.

Firms need to make sure there aren’t any unverified gadgets on their internal networks and take steps to shield them. Keeping a hand on the pulse of this benchmark will prevent incidents and data loss, which may be detrimental to the business.

Cybersecurity KPI 3. Intrusion attempts

Businesses should make sure that they:

  • monitor their network for intrusion attempts
  • have a strategy for dealing with incident response, including backup and recovery plans
  • provide fast and detailed analysis of cyber threats, Terraeagle with instant access and comprehensive reports will come in handy here
  • ensure there are no vulnerabilities in the company’s network and data, which you can do by updating software on both computers and devices

Companies should take steps to secure their internal network against security threats as it can be the first step in preventing a data breach.

Cybersecurity KPI 4. Mean time to detect and mean time to respond

The amount of time it takes to detect an incident and the time it takes for a firm to respond to it are the most important metrics to measure a company’s cybersecurity. Should the time it takes to detect an incident be too long, then the time to address it will also increase. The time may be the difference between a minor hiccup and a major one.

The longer it takes for cybersecurity to respond to a threat, the worse the damage could be. It is a risk factor since cybercriminals have sufficient time to get deeper into the system and do more harm.

Cybersecurity KPI 5. Systems with known vulnerabilities

Companies should be assessing their internal networks against known vulnerabilities.

Since you’re aware that until after your system, internal network, or server has been compromised, you need to take greater care over its vulnerabilities. Also, be certain that you are able to fix these vulnerabilities fast before a new breach can occur.

Just because nobody is yet seeing them doesn’t mean you should drop them.

Cybersecurity KPI 6. First-party security ratings

One way to help maintain a company more aware of cyber attacks is to have security ratings set in place. Ratings like these will help employees understand how safe the network is, so they can make an educated decision on whether they should use certain features or services.

First-party security ratings provide a sense of security for IT employees and recommend how to use security functions for the most effective results.

The security rating can serve as a signal of a business’s commitment to cybersecurity and how well they are performing with their present efforts. It can also be a benchmark for workers to consider how well they’re achieving their cybersecurity practices and where they need improvement.

Cybersecurity KPI 7. Number of SSL certificates configured incorrectly

With an SSL certificate, you can protect your site against online attackers. These certificates encrypt the data between your site and your visitors, so they can’t view it.

However, if you are generating your own self-signed certificate, it can be circumvented by hackers. That is why it’s essential to make certain that you configure your number of SSL certificates inside your internal network correctly.

Misconfigured SSL certificates do not provide the level of encryption and authentication necessary to protect information, resulting in data breaches and enormous expenses.

Cybersecurity KPI 8. Days for security patch implementation

A security patch is a minor update that fixes security vulnerabilities in the software. Companies need to install these patches as soon as security updates are released. If a business does not install these updates, it may be vulnerable to cyberattacks and hackers, leading to serious consequences.

There are two types of patches:

  1. Emergency: released when there is an imminent threat
  2. Non-Emergency: released when there is not an imminent threat.

However, there is still a vulnerability in the software that needs to get a security patch. The length of time a vulnerability needs to be patched varies according to the project your company is working on and the program you are using. It is crucial to check your company’s policy on this matter to gauge when your software is vulnerable.

Conclusion

Assessing your organization’s security status will help you avoid becoming the victim of a terrible breach. Therefore, make sure your business has protocols and procedures in place regarding cybersecurity checks. Understanding the protocols can be rather burdensome, and Terraeagle makes your work easy. Contact us for more information.

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