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Why you need a zero trust security strategy

Security is a primary concern for businesses in the digital age. With cyber-attacks on the rise and data breaches becoming more common, businesses must take proactive steps to protect their data and systems. Choosing a zero trust security strategy is a proven approach to secure your business’s data and systems from cyber-threats.

By leveraging the principles of zero trust, organisations can reduce the risk of data breaches, protect sensitive data, and create a secure environment for employees and customers. Investing in a zero trust security strategy provides businesses with the peace of mind that their data and systems are safe and secure and can help them unlock a secure future.

What is zero trust security?

zero trust security is a cybersecurity model that focuses on preventing all possible threats, based on the principle of “never trust, always verify.” It assumes that everything is potentially a threat and needs to be completely verified before allowing access.

The concept of zero trust was developed in response to the outdated security approach of assuming that all of the entities within an enterprise’s network can be relied on. This means that once users, including malicious actors and internal bad actors, are connected to the system, they are able to roam around and take or send out sensitive information since there are no precise security measures in place.

Why is a zero trust security strategy necessary?

If implemented correctly, zero trust security is a strategic way to reduce attack surface and security complexity while significantly enhancing overall security posture. Not only does a zero trust strategy help to protect your company’s data from potential breaches, but it also allows your organisation to become more productive. Studies have revealed that businesses with zero trust strategies are more confident in developing new customer experiences and business models.

Cyber-attacks are increasing

Cybercrime is on the rise annually, with no industry safe from sophisticated cyber-attacks. The financial reward from stealing data or making ransomware demands are significant and lead to business disruption, financial loss,, legal ramifications, and loss of reputation and customer trust. In many cases, businesses can’t survive the fallout of a cyber-attack and must close their doors.

Improves visibility

It is absolutely necessary to be aware of what is taking place on the network in order to manage and oversee it. A zero trust approach works to identify and classify all devices and users on the network, and verify they are authorised to have access.

Reduced expenses

Whenever there is an increase in the security measures, it usually results in additional cost and complexity. However, with a zero trust approach, organisations can combine multiple security controls throughout their network which, in turn, leads to a decrease in both their capital expenditure and operating expenses. Moreover, this approach also helps to manage security more effectively by slashing the number of management consoles required in the network.

Improve security posture

Zero trust security considers every single access request within a network, requiring authentication and authorization. As opposed to unrestricted access to the entire system, the principle of least privilege requires ongoing observation and endorsement to access different segments of the network. If a security incident occurs, micro-segmentation will stop the lateral movement of an intruder and reduce potential harm.

Access control

As companies extend their reach to include service providers, suppliers and associates, their security posture must reflect this shift. It is not necessary to give non-employees access to all apps, IT resources, or company information. Even members of staff have specific duties and do not require unrestricted network access.

A zero trust security strategy is the only way to ensure that a company’s applications and infrastructure are adequately protected. Companies must ensure that access is granted to users only after they have been authenticated and verified to verify their identity. Furthermore, companies need to continuously monitor user activity to detect any suspicious behaviour and take immediate action if needed. This strategy will also help companies protect their customers’ data in case of any data breach.

Enhanced cloud computing security

The shift to public and hybrid cloud platforms has made it difficult for security teams to employ the traditional approach of trusting all those who had access to the system. To address this challenge, security teams must evolve their security posture by transitioning to a zero trust security strategy. This strategy eliminates trust assumptions and requires organisations to continuously evaluate identity and risk across users, devices, applications, and workloads. This is why more companies are creating policies that enforce network segmentation, multi-factor authentication, and secure application development. By leveraging the right technologies and developing an effective zero trust security strategy, organisations can ensure their data is protected when using public or hybrid cloud platforms.

Employee awareness

Companies must be proactive in protecting data and assets by having a strong security posture. Employees who use their own devices may not be aware of the security risks involved when connecting to their company’s systems or applications. Therefore, it is essential that employers implement a zero trust security strategy to protect their assets. This includes regularly educating employees on the need for cybersecurity and how to stay safe while working remotely or with personal devices.

Additionally, implementing multi-factor authentication and data encryption can help reduce the risk of a breach. Employers must also be vigilant in monitoring threats and responding to them quickly, as well as ensuring that all employees are using the most up-to-date security protocols. Taking these proactive steps will ensure that your business is secure and protected from any potential cyber threats.

Secure your business with zero trust security

With the ever-increasing cyber threats being faced by organisations today, it is essential to remain vigilant. The global cyber threat landscape seems to be increasing on a daily basis with newer and more sophisticated attacks being developed each day.

By adhering to a zero trust security approach and an effective security strategy tailored to the specific requirements of your business, you can reduce the risk and guarantee that you are able to continue operations and recover swiftly in case of any unfortunate incident. Talk to the cybersecurity experts at Steadfast Solutions about developing and implementing a zero trust security strategy to meet your business needs.