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Threat Management: What Is It and Why Does It Matter?

July 20, 2020

Are you a business owner concerned about online threat management to your company? If so, you aren't alone.

The average size of a data breach is over 25,000 files, and the average cost is $3.92 million! In the healthcare industry, the average cost of a data breach is $6.45 million — a truly staggering cost to a business.

The time and cost a company incurs as a result of an online data breach are one that most businesses can't afford. Read on to learn about what threat management is and why it matters!

Understanding Threat Management

Threat management is a system designed to protect a business from cyber attacks. 

The best threat management systems have many different parts that operate together to defend against an attack. These systems start by evaluating threats that exist now and those that might arise in the future.

The development of defense systems is the result of using data to find the areas most susceptible to attack. 

Metrics like key performance indicators (KPIs) and other data will give you a better idea of how your business functions. Based on these measurements, a threat management company can help you lower the risk of an attack. It can also allow you to catch an issue before it causes devastating damage to your company.

You'll want a system that keeps your business ahead of threats well before they ever become an issue. Hiring a threat management services team of professionals will help give your business peace of mind. That's because you will know you are being proactive about guarding against an attack.

Why Threat Management Matters

Threat management is vital because a cyber attack can have significant short and long-term consequences on your business.

In the first six months of 2019, 4.1 billion records were exposed as a result of data breaches.

Regardless of your company's success, it may be able to absorb the cost of a data breach, but not be able to overcome the lingering effect of the public relations fallout.

In the short-term, your company's operations may be brought to a halt while the cyberattack is contained. In the long-term, you may lose clients or get sued as a result of having personal information exposed.

If a customer loses confidence in the safety of their personal information while it's in your possession, then they may decide to take their business to your competitors. This action can cost your business far more than hiring a professional threat management company in the first place. 

The Importance of Threat Management

In today's digital age, you can't overlook having a reliable threat management system.

Businesses are relying more on the convenience of computers, the internet, and email. This convenience also puts your business at risk of becoming a target for a digital attack.

At Alura Digital Solutions, we are a team dedicated to providing the best management, security, and technology services. We will work together with you to find the biggest threats to your safety. Then we will develop workable solutions that fit your budget.

Contact us today to learn more about our services and how we can help your business operate more safely and efficiently!

Tags: Managed IT Services, Threat Protection, Security,

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