COVID-19 made many changes to our ecosystem but one of the biggest was the introduction of remote and hybrid work. This led to a significant increase in the number of endpoint devices where many firms were either unaware or overburdened by the increase endpoint security maintenance. If your firm is part of the former, read on to understand why you should maintain secure endpoint security.
Endpoint security plays a vital role in the company and is required for many reasons
Security of customers and employees is ensured through a solid endpoint security.
Defense Against Cyberattacks
Endpoint devices including mobile phones, laptops, desktop computers, and more are easy targets for cybercriminals. Since these contain important and sensitive data which can be used for nefarious purposes, getting unauthorized access to them is beneficial for them. Having a strong and secure endpoint security can safeguard the employees, the business, and most importantly the data. This works to protect the firm against inside threats as well by tracking all activity and pinpointing anything suspicious.
Protection Against Ransomware
Ransomware is a type of malware inserted into the device and works on the principle of blackmailing the victim to extract a ransom amount. These attacks focus on endpoint devices, especially on those with employees, and put a decryption code on sensitive data and files. This renders the victim helpless but to pay the ransom. Recently, a string of ransomware attacks has left the Patelco Credit Union, an American non-profit, to shut down some of its banking services.
Regulatory Pressure for Endpoint Security
There are multiple industries which have laws mandated for organizations to incorporate endpoint security for protection of sensitive data. The Health Insurance Portability and Accountability Act (HIPAA) secures Personal Health Information (PHI) by limiting use to healthcare firms. Similarly, the UK and EU have the General Data Protection Regulation (GDPR) which covers a broad area for greater protection by securing Personal Identifiable Information (PII). This means anything that can be used to identify a person must be shielded. Non-compliance will not be beneficial.
Economical in the Long Run
In the age of digitalization, a customer values their data as their most prized possession. If they entrust a firm by accepting the terms and conditions, they expect their information to be secured and not misused. Without a secure endpoint security system, cyberthreats will be persistent as hackers can have a free for all buffet with the data. This can lead to a series of legal issues which will increase costs. Even resolving ransomware attacks involves litigation. Along with this, there will be irreparable reputation damage to the firm which will diminish customer trust.
Conclusion
Having secure endpoint security is not a matter of choice but a necessity for any organization. With the rise in hybrid and remote work options, this choice becomes even more clear. The major reason primarily focuses on safeguarding data from cyberattacks. The regulatory body of a country most likely has laws supporting the protection of personal data. Overall, it is cost effective to have good endpoint security measures.
