By Matthew Olney on February 22, 2023

Why is Threat & Vulnerability Management so important for your business?

Industry Trends & Insights, Cyber Security Technology

Threats and vulnerabilities are lurking around every corner, making it crucial for individuals, businesses, and governments to stay vigilant. To protect your digital assets from potential attacks, implementing a Threat and Vulnerability Management solution is an essential step.

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Vulnerability Detection and Patching

When software developers discover a vulnerability in their code, they release a patch to fix the issue. These patches are typically available for free, and can be downloaded and installed easily. Unfortunately, many people neglect to install these patches, leaving their devices vulnerable to attack.

Hackers are constantly on the lookout for unpatched software, as it provides an easy way for them to gain access to a device and in turn a network. Once they have access, they can steal sensitive information, disrupt a device's operation, or even take control of it entirely. From there the attacker can then move throughout an organisation’s network potentially causing harm as they go or worse. By regularly installing patches, you can prevent hackers from exploiting known vulnerabilities in your software.

A pretty recent example of the dangers of unpatched vulnerabilities occurred last, when the Log4J vulnerability effected hundreds of thousands of computers around the world. Hackers exploited the vulnerability, which had a patch released for it several weeks earlier. However, many people had not installed the patch, leaving their computers vulnerable to attack. The Log4J vulnerability is still being exploited today.

In addition to patching your software, it's also important to keep your devices up to date. Many devices, such as smartphones and laptops, receive regular updates that not only fix bugs, but also add new features and improve security. Failing to install these updates can leave your device vulnerable to attack.

Fortunately, updating and patching your software and devices is easy. Most devices will prompt you to install updates automatically, or you can check for updates manually by going to the settings menu. For software, you can typically check for updates within the program itself, or by visiting the developer's website.

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Visibility is everything

Threat and Vulnerability Management solutions are critical components of any comprehensive cyber security program. They provide organisations with an instant, up-to-date view of their software, hardware, and digital infrastructure, enabling them to identify and address potential vulnerabilities before they can be exploited by malicious actors.

One of the key benefits of Threat and Vulnerability Management solutions is that they offer comprehensive visibility into an organisation's entire technology stack, from servers and workstations to mobile devices and cloud services. This visibility allows IT and security teams to quickly identify any potential security gaps, misconfigurations, or vulnerabilities that could be exploited by attackers.

Threat and Vulnerability Management solutions typically use a combination of automated scans and manual assessments to identify potential vulnerabilities, which are then prioritized based on the severity of the risk they pose. This prioritisation allows security teams to focus their efforts on addressing the most critical vulnerabilities first, minimising the potential impact of a successful cyber-attack.

By providing instant visibility into an organisation's technology infrastructure, Threat and Vulnerability Management solutions also help improve compliance with industry and government regulations. Compliance requirements often include regular vulnerability assessments, and Threat and Vulnerability Management solutions can automate much of this process, making it easier for organisations to meet these requirements.

Threat and Vulnerability Management solutions can also help organisations make informed decisions about their technology investments. By identifying vulnerabilities and potential risks in existing systems, IT and security teams can make recommendations for hardware and software upgrades or replacements that will improve the overall security posture of the organisation.

Threat and Vulnerability Management solutions are an essential tool for organisations of all sizes, helping them to stay ahead of emerging threats and protect against potential cyber-attacks. With instant visibility into their software, hardware, and digital infrastructure, organisations can proactively identify and address potential vulnerabilities, minimising the risk of a successful cyber-attack and improving their overall security posture.

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Other ways to reduce threats

In addition to installing patches and updates, there are other steps you can take to improve the security of your devices. Using strong, unique passwords for each of your online accounts is essential, as it makes it much more difficult for hackers to gain access to your sensitive information. Avoiding suspicious websites and email attachments can also help protect you against malware and other cyber threats.

The Benefits of Vulnerability Assessments

Implementing regular vulnerability assessments can greatly benefit a company's security stance. These assessments involve identifying and evaluating vulnerabilities, and then promptly addressing them, which can help reduce the risk of cyber-attacks. Additionally, vulnerability assessments can aid in meeting regulatory and other compliance requirements.

Benefits of vulnerability assessments include:

  • Real-time overview of vulnerabilities
  • Reduce your exposure
  • Mitigated risk from exploitation
  • Maintain compliance no matter what industry
  • Quicker patching times
  • Improved oversight of network
  • Gathering valuable metrics on IT activities
  • Ensuring compliance with relevant regulations
  • Identifying critical vulnerabilities in a timely manner

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Having clear visibility over your network is vital in being able to respond to an attack quickly.  If you are worried about cyber threats or need help in improving your organisation’s visibility please Get in touch to find out how you can protect your organisation. 

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