If you haven’t heard of the Dark Web, you’ve most likely been living under a rock. With the insurgence of large-scale hacks against corporate and government entities, the news has been flooded with stories about cyberattacks and the threat they pose to corporations and individuals. It has become common knowledge that the Dark Web is where cybercriminals lurk, buying and selling sensitive information.
According to the Verizon 2019 Data Breach Investigations Report, 29% of attacks involved stolen credentials. 56% of breaches took months or longer to discover, and 43% of breaches involved small business victims. Stolen credentials and information can remain on the Dark Web or in the hands of cybercriminals for months or even years before they’re used, and customer data is compromised. Compromising employee data and further customer information can cost a small business not only their reputation but thousands, even millions, of dollars. The occurrence of cyberattacks and data breaches continues to increase exponentially each year making the threat of cybercrime very real now and in the future. The solution to protecting a company’s data is multifold; however, a great place to start is Dark Web Monitoring.
Dark Web Monitoring is a sector of the tech industry that has exploded over the last few years, and there is a multitude of products on the market. Dark Web Monitoring enables a company to monitor various Dark Web chat rooms and websites for employees’ emails, names, and other sensitive business-related information including customer information. While the service does not remove the sensitive information from the Dark Web, it alerts you to the fact that the information is compromised and may cause further security concerns. Alerts enable companies to take the necessary steps to protect themselves. These potentially include changing passwords, removing certain users’ devices from the network, or taking the necessary steps to ensure that further information such as customer data has not been compromised.
Our TPM Team is true believers that companies shouldn’t purchase IT services without a purpose. That being said, data breaches and compromised credentials are a huge risk to businesses. Further, a failure to recognize that data has been compromised puts your organization at exponentially more risk. Many critics of Dark Web monitoring mention that it does not search the whole Dark Web, and it does nothing to resolve the issue when data is compromised. While these contentions are true and somewhat reactive, monitoring the Dark Web for employee credentials can serve as a good notification that there is an issue and can ensure that necessary action is taken to resolve the issue. Cybercrime is an issue that isn’t going away. Current trends only show that it will be an increased threat for businesses moving forward. Dark Web monitoring offers benefits to organizations as they move forward and is a great asset to any cybersecurity plan.
When looking at an IT portfolio, we are confident that security measures are going to become an essential part of IT infrastructure as we move forward in the age of e-Commerce. Protecting your business from cybercrime is going to be essential to its success. Dark Web Monitoring can potentially aid in a company knowing they have a breach before they have to shut down their network costing them money in the form of lost productivity; it can save them from the liability of lost customer data and the cost associated with that; it can aid in saving them the headache of a bad image caused by a data breach and much more.
With that in mind, Dark Web Monitoring alone is not enough. That’s why our TPM service encompasses a full portfolio of robust services that allow us to ensure that your organization is protected. Want to learn more? Give us a call!