Security Assessments: Protect Your Business from Cyber Threats

The following article was provided by the IT and cybersecurity services company Vancord. It is posted here with permission.

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Cyberattacks are on the rise, costing businesses millions. Is your company prepared?

Security breaches are becoming increasingly frequent and costly. In fact, 2024 statistics show that cyberattacks are responsible for billions in damages each year.

Many businesses remain unprepared, leaving themselves exposed to threats that could disrupt operations, erode customer trust, and lead to severe financial losses.

Consider these alarming statistics:

• 60% of small businesses go out of business within six months of a cyberattack
• The average cost per breach in 2024 reached $4.45 million
• Phishing attacks represent 32% of all breaches, making them one of the most common entry points for cybercriminals

These numbers highlight why a proactive cybersecurity strategy is critical.

What Is a Security Assessment?

Many businesses don’t realize their vulnerabilities until an attack occurs—by then, the damage is already done.

A security assessment is a comprehensive evaluation of your organization’s cybersecurity defenses, providing expert insights, tailored recommendations, and proactive risk mitigation strategies.

A security assessment helps identify vulnerabilities, misconfigurations, and potential weaknesses before they can be exploited.

It helps identify vulnerabilities, misconfigurations, and potential weaknesses before they can be exploited by attackers.

By understanding your current security state, you can make informed decisions about improving your defenses and mitigating risk.

A thorough security assessment includes a review of your external security and services, providing a clear roadmap for strengthening security.

Key Benefits

A security posture assessment is designed to help businesses stay ahead of evolving cyber threats. Key benefits include:

• Proactive threat mitigation: Detect and address security gaps before they lead to breaches
• Customized action plan: Receive tailored recommendations to strengthen your defenses
• Peace of mind: Ensure your business aligns with industry standards and best practices

With cyberattacks becoming more sophisticated, relying on reactive security measures is no longer enough.

An assessment gives you the insights and strategies needed to protect your organization from emerging threats.

Cybersecurity isn’t just a technology issue—it’s a business necessity.

With attacks increasing in frequency and sophistication, securing your business now can save you from devastating financial and reputational damage.