Another year is upon us, and with it, naturally, comes newer and bigger threats to business security. This is one of the biggest reasons why vulnerability management is now more essential than ever, especially for a company’s business security—regardless of the company’s size (whether a large multinational firm, a startup, or an SME or small- or medium-sized enterprise). In fact, vulnerability management services or VMS should not just be an option nowadays but a requirement.
But what exactly is vulnerability management? Widely described, it is the practice of identifying, classifying, remediating, and mitigating vulnerabilities. And a reputable IT solutions provider should be able to provide vulnerability management services that continuously detect and protect against attacks anytime, anywhere. This is important in a business setting, most especially because attacks on information systems and against business’s proprietary information occur on a 24/7 basis, so without a full-on vulnerability management program as a core part of your IT and security team, you may be risking your company’s data.
Let’s go on a deep dive why every company needs vulnerability management services:
- Your Organization Will Be Able to Intelligently Manage Vulnerabilities
This is perhaps the most obvious reason why every company needs vulnerability management services. Let’s be clear here: not all vulnerabilities carry the same risks. With a vulnerability management program from a reputable IT solutions provider, your company can more intelligently prioritize remediation, apply security patches, and allocate security resources more effectively.
- In Turn, Your Company Will Enjoy Improved Security
It goes without saying that vulnerability management improves security. This is another obvious reason why every company needs vulnerability management services. Indeed, businesses that are looking to manage vulnerabilities are looking at an entire process and not just a one-time activity. So, what does this mean? That vulnerability management starts with, first, identifying a risk but does not stop there—it continues even after the threat has been mitigated. A reputable IT solutions provider can provide companies with a vulnerability management system that will constantly monitor threats and make sure that risks are not recurring. The result? A safer and more secure business and peace of mind.
- You Will Also Save Time
Now you might be thinking: How can constant monitoring of vulnerabilities save my business time? Think of it this way: instead of wasting hours and hours working double time to get a risk fixed after a breach, your IT department—with the help of a reputable IT solutions provider—will save time if it can manage vulnerabilities effectively, because effective monitoring of systems doesn’t require a lot of labor. Indeed, when a risk is detected, it can be fixed quickly and easily—which means your IT team is more readily able to devote its time to get the threat under control. It also saves your team from needing to do tons of work in a short period, since your systems are kept secure and up to date. Saving time—another important reason why every company needs vulnerability management services.
- Which in Turn, Can Help You and Your Business Save Money
In any business, time is gold. Or to be more accurate, time is money. So, if vulnerability management saves you time, then it should also save you money. Right? And yes, it does. Think about it: since your IT department spends less time over the long-haul fending off attacks on your system, it means your business spends less money on managing vulnerabilities overall.
And even more importantly, obviously, vulnerability management saves your company from costly breaches. In the wake of a breach, many companies face mounting costs from several areas—not only do firms need to pay the tech team to get things under control, but they may also need to suddenly upgrade their systems, replace vulnerable or compromised components, or even layout insurance claims if sensitive data or customers have been adversely affected. An effective vulnerability management system in place helps you avoid most major breaches—and of course the costs that go with them.
- And Last but Not the Least: You Ensure That Your Company Meets Regulatory Requirements and Avoids Fines
This is perhaps not one of the most common reasons that comes to mind why every company needs vulnerability management services, but it is an important one, nonetheless. The thing is, anyone who has assets connected to the Internet needs a vulnerability management program, and many industries are now requiring companies to have vulnerability management systems in place in order to be compliant with regulations. With this said, vulnerability management programs not only help your company by keeping it compliant across industry regulations, but it can also help your organization provide detailed reports to help avoid significant fines for noncompliance, allowing you to provide ongoing due diligence during an audit.