Database misconfiguration, open ports on the network and internal attempts of impairment are the cause of 75% of data breaches and cyber-attacks. In 2020, the cost of a data breach is averaging at $3.9 million, which is enough to sheer small businesses extinct.
During 2014-15, hackers acquired root access to JP Morgan Chase’s database, which led to a data breach that impacted over 75 million users. The detailed report revealed that hackers were inside the system for more than 3 months. Such mishaps occur when administrations fail to safeguard their systems against growing threats.
What is Vulnerability Assessment and Penetration Testing?
Vulnerability Assessment and Penetration Testing is a unique combination of tests and assessments that study the vulnerabilities in the network and IT ecosystem by launching a monitored attack on the system.
Vulnerability assessment traverses through the software, hardware and entire IT environment looking for malicious code, alien login attempts, and open ports. All the discovered vulnerabilities are collated together and reported to CTOs or CISOs.
The in-depth scrutiny provides important stake-holders with a clear understanding of their cyber-infrastructure. The report also reveals areas that require immediate attention. Vulnerability scanners are leveraged to discover loopholes that might have escaped the eyes of cybersecurity experts. These tools are designed to catch misconfigurations, open ports and missing firewalls.
What does VAPT include?
Vulnerability Assessment and Penetration Testing includes multiple steps that are designed to run a thorough check and ensure the proper protection against external attacks. Some of the most important features of VAPT are
- Network penetration tests
- Identification of incorrect configuration in databases
- Identification of errors in wireless networks
- Finding unauthorized entities inside the system
- Discovering databases protected with weak passwords
- Fraudulent elements of plugins installed to carry out internal sabotage
- Malicious script added to support hackers
Running a well-optimized scan and documenting the findings help CTOs devise a plan that ensures 100% safety of important assets and paradigms. Businesses that fail to carry out such assessments and system up-gradation lose money to the hands of hackers.
Here’s why every enterprise should invest in VAPT
- It deters unwanted breach: Constant monitoring of databases ensures that there is no unauthorized personnel inside the system. Rendering all attempts of unauthorized access obsolete helps businesses avoid unwanted data breaches, which could result in loss of capital. In a recent study, it was discovered that 90% of enterprises that face data breach go out of business within six months of the breach.Investing in Vulnerability Assessment and Penetration Testing can help organizations avoid unwanted breach and build a robust system that is free of all misconfigurations.
- Ensures Compliance at all times: Compliances like GDPR, HIPPA, PCI DSS and CCPA are designed to help organizations safeguard customer’s personal data. The personal data of customers include important details like credit card number, name, address, and social security number.GDPR is concerned with the safety of data of European citizens, PCI DSS urges enterprises to protect cardholders’ data whereas HIPPA is about safeguarding the medical history of an individual. With multiple compliances concerned with a number of factors, it is obvious that businesses will miss out on someone.
Conducting VAPT incessantly helps organizations find compliance failures almost instantly. Since vulnerability assessment traverses each and every aspect of a business looking for errors, misconfiguration and open ports, it identifies compliance failure quite easily.
Additional benefits of conducting VAPT in view of compliance:
- Saves from getting fined: Failing PCI DSS compliance invites a hefty fine of $5000-$100,000. Conducting a vulnerability assessment will inform important stakeholders about the failure and urge them to fulfill the missing requirements.
- Protect against ransom attacks: Hackers often discover these compliance failures before companies do and then they blackmail companies to pay extra bucks or they will report compliance failure and held them liable for hefty fines.
- Offers opportunity of growth: An organization that conducts VAPT from time-to-time will never go under attack or experience breach, which builds up the requisite confidence for breach. Third-party partners are willing to collaborate with such companies more enthusiastically. Incessant VAPT keeps enterprises informed about their weaknesses and strengths, which helps them in selecting partners that allow them to grow stronger.
- Restricts internal sabotage attempts: Often employees go rogue and try to bring the entire system down by altering the safety configurations. Pulling the firewall down, allowing hackers to use their login credentials and deleting important files are some of the common ways of internal sabotages.
Conducting VAPT on regular intervals puts these events under-highlight and allows key stakeholders to take measures that protect the system from going down.
Provides a Customized Solution: After conducting a thorough VAPT, CISOs often find that their systems were compromised and hackers were inside. Such incidents help key stakeholders identify errors, routes, and misconfigurations used by hackers to obtain access.
With a clear understanding of vulnerabilities, errors, and shortcomings of the system, CISOs can easily devise a plan that helps the system grow stronger. Such customized solutions are stronger than the ones being sold in the market. With a customized solution, enterprises can ensure 100% protection of their cyber assets and customer’s personal data.
The growing cases of data breaches and cyberattacks require businesses to grow attentive. Taking preventive measures is perhaps the best way of ensuring the safety of cyber assets. Investing in vulnerability assessment and penetration testing will help organizations identify areas that need immediate attention and strengthening.
An industry leader’s guidance can help organizations achieve an incomparable level of cybersecurity that stands in-between hackers and customer’s personal data. Investing in VAPT pays dividends in the form of a clear reputation against attacks, which brings invaluable partners and provides huge business growth opportunities.