Data breaches cost companies millions of dollars each year. In fact, data breaches are estimated to cost $6 trillion in damages by 2021!Companies must prioritize breach prevention with comprehensive proactive cybersecurity measures.
Companies can efficiently direct spending and save money on their cybersecurity costs with penetration testing, which is the practice of testing a computer system, network or web application to find security vulnerabilities that an attacker could exploit.
Determining the Return on Investment of a Penetration Test
1. Companies need to know and analyze the cost of its most critical assets, the impact of losing those assets and the extended costs that an organization may face, such as a loss of business. Through penetration testing, your company will identify vulnerabilities and avenues of attack. The third-party penetration testing provider can also help your company determine the tools to protect those assets.
2. A penetration test will highlight your organization’s areas of greatest weakness. These areas of weakness are where your company should increase its cybersecurity dollars spent because they are vulnerable to attack. Without penetration testing to guide your cybersecurity team, your company would spend more money across a wider range of security tools, possibly spending too much in one area when dollars would be better spent on something else.
3. Penetration testing also ensures your company meets compliance requirements. Many of the regulations, including Payment Card Industry Data Security Standard, Sarbanes-Oxley, HIPAA and 201 CMR 17.00, require an annual penetration test from a third party.
Are You Spending Your Cybersecurity Budget Wisely?
The best way to determine the answer to this question is to run penetration test. The benefits outweigh the costs because it will help your company spend wisely, protect your most critical assets, determine your cyber defense weaknesses, uphold your reputation with clients and prospects, and keep you compliant. There is no better time than now to run a pen test on your most critical assets.
SubRosa Cyber Solutions is ready and able to help identify the weaknesses and flaws in your infrastructure and help your organization safeguard against potential avenues of attack.