November 01, 2021
Endpoint protection is an increasingly important aspect of business cybersecurity in today’s world.
The proliferation of mobile devices has made working easier and more flexible, yet more vulnerable than ever.
Here is a quick rundown of what endpoint protection is, why it’s important, and how to know if it’s a must-have to secure your business.
Endpoint protection is a part of cybersecurity that protects your network’s endpoints, which is any device that is used on a network such as laptops, desktops, smartphones, tablets, servers, and more.
More endpoints mean more potential entryways into your network for hackers to take advantage of in order to steal or corrupt data.
To combat this, endpoint protection includes strong antivirus, email monitoring, web filtering, and firewalls installed on each device to help the system administrators and users avoid common attacks like phishing, malware, and ransomware.
As businesses become more reliant on cloud technology that allows people to work from anywhere, the number of endpoints continues to grow significantly—even a modern office refrigerator can be connected to the company WIFI network.
This brings an increased amount of potential attack vectors that put an organization’s data in harm’s way.
The pandemic has accelerated the need for endpoint protection due to the sheer number of workers now working from remote locations.
With more endpoints, more technology, and more people working remotely, comes more risk.
Cybersecurity is more volatile than ever, and many businesses are unprepared, especially at SMBs where only 44% of employees receive security awareness training to help them combat modern threats that can attack through multiple channels such as email, websites, downloads, and more.
In the last year, 68% of organizations experienced at least one cyberattack that targeted an endpoint and 68% of IT professionals have found that endpoint attacks are becoming more frequent.
These statistics have made companies re-think their cybersecurity strategies and focus more on protecting endpoints, especially as more workers go remote and cloud communications platforms allow collaboration to be conducted outside of traditional office networks.
This has become a global trend, too. The global endpoint security market rose 8.1% in one year and is now worth $13.99 billion.
With work from home and hybrid workers becoming more normalized and accepted moving forward, the endpoint security industry is expected to continue to grow quickly heading into the future, with some experts predicting it to hit nearly $30 billion by the end of the decade.
The rise of remote work has introduced a slew of new cybersecurity risks to businesses who now have to deal with employees who are:
Each of these presents a unique cybersecurity challenge which exemplifies the importance of endpoint protection to ensure that you aren’t leaving your business exposed to threats.
In order to answer this question, you need to evaluate your business and be able to answer questions like:
First, what percentage of your workforce works remotely or from home?
The more people who work from different places increases the security risks and the need for strong endpoint protection compared to a small team who all work under the same roof and on the same network.
Even if most of your team works in-office, endpoint protection can still be a necessity if your team is split among separate offices, you operate with a hybrid workforce, work involves a lot of traveling, or you’re a technology-based company with many devices needed to deliver your services or products.
You should also consider if your business is required to adhere to certain compliance guidelines which oftentimes means having some level of endpoint security.
It’s important to have strong endpoint protection if your business is regularly exchanging sensitive information.
Businesses in industries like finance and healthcare are consistently handling very sensitive customer information and it’s crucial that the right endpoint security is in place to stop any leaks or breaches that would allow this info to fall into the wrong hands.
If you’re still unsure whether or not you need endpoint protection for your business, the next step is to get a risk assessment performed by a team of cybersecurity experts.
This comprehensive assessment will not only show you all your endpoint vulnerabilities—and help you determine if you need endpoint protection—it can also help you understand your business’ overall cybersecurity risks and the security solutions you need to secure them.
So, do you need endpoint protection? It depends on a few factors that vary business to business such as how remote your workforce is and the types of information you send every day.
But, with increasing attacks on endpoints and a larger reliance on technology, it seems like only a matter of time before endpoint security is an absolute necessity for every organization.
Don’t be the first company in history to be breached because of an unsecured fridge. Learn more about how you can secure your business’ endpoints by contacting the experts at DOT Security.
DOT Security provides information security services to businesses for their cybersecurity and compliance objectives. To kick-start your cybersecurity plan, get in touch with us!