According to the latest report by Grand View Research, Inc., the cybersecurity market is forecasted to grow at a compounded annual growth rate of 10.2%. Such forecasts and the ever-growing cybersecurity investments are inspiring cybersecurity vendors to grow and innovate their products. The reason being, the cybersecurity vendors must experiment and innovate enough to match the experiments done and resources utilized by cybercriminals. It is further fueled by the need of detecting and preventing ever-rising cyber attacks — both in numbers and sizes.
Moreover, cyberattacks are increasing faster than ever in this decade. In fact, a high-profile cybersecurity breach happens every week. Surprisingly, the White House (i.e., the workplace of the president of the United States) was compromised in April 2015. According to CNN, “while the White House has said the breach only affected an unclassified system, that description belies the seriousness of the intrusion. The hackers had access to sensitive information such as real-time non-public details of the president’s schedule. While such information is not classified, it is still highly sensitive and prized by foreign intelligence agencies, U.S. officials say.” This along with the below data prove the increasing threats. After all, if the White House can be hacked, so can any organization.
According to Verizon’s 2021 Data Breach Investigations Report, it takes only a few seconds to minutes for cybercriminals to compromise networks and systems; however, it may take hours to days (even weeks in some cases) for cybersecurity teams to detect the breach. In many cases, the breach may not be detected until months or years later as happened with Equifax or Yahoo, proving the importance of a unified cybersecurity solution. And in some cases, the breach may be detected by third-party customers or cybersecurity and/or research organizations.
The report also stated that 70% of the attacks included some form of malware (usually ransomware) and 40% of the attacks involved some type of hacking (usually using stolen credentials or brute force attacks). Also, the most compromised data included credentials, personal data, medical data, bank or financial data, and internal data. And the participation of external actors surpassed that of the previous year: it rose from 70% to 80% with internal actors and partners not accounting for just 20% of all attacks studied by Verizon.
Using a unified cybersecurity platform, organizations and security teams get the necessary visibility into the organization’s infrastructure that was impossible with traditional cybersecurity solutions.
In the recent past, security teams used to utilize multiple solutions for keeping the all-around visibility such as intrusion detection and prevention systems, network firewalls, pen testing and vulnerability detection systems, web application firewalls, etc. With these many systems to monitor the overall infrastructure, there comes the issue of managing multiple systems and the risk of missing an important detail in the heavy pile of alerts and logs from various systems, which can result in the infrastructure getting compromised.
Fortunately, a modern unified solution fixes all these issues and offers more cybersecurity features to organizations. A unified cybersecurity solution usually includes the necessary features for securing applications, data, and edges by bringing the cybersecurity tools along with the required alerting, logging, and reporting features under a single roof. It may feature all or many of these features: API protection, bot management, client-side protection, runtime protection, and web application firewall under the application security toolbox. It may feature cloud protection, data privacy tools, data risk assessment, regulatory compliance, and threat prevention features under the data security toolbox. Also, it may feature CDN and DDoS protection features under the edge security toolbox. With this variety of features in one single platform, any unified cybersecurity solution promises monitoring and protection of the complete infrastructure: from network edges to API’s and from mission-critical applications to confidential data. Moreover, such solutions utilize pattern recognition and threat intelligence algorithms to better protect their customers. That is how any modern unified cybersecurity solution proves effective against novel threats and vulnerabilities every day.