The global pandemic caused a surge in data breaches and it will continue to rise in 2022. If you’re serious about your data’s security you might want to invest in penetration testing. We’ll look at penetration testing and five reasons five you probably need a software penetration testing solution right now.
What is penetration testing?
This involves testing your systems, networks and applications for security flaws by simulating attacks on them. It uses the same methods a hacker does but in a controlled and legal manner.
5 Reasons Why Your Business Needs Penetration Testing
1. Prevent data breaches
The best way to prevent a data breach is by using penetration testing. This will help you identify and resolve any security flaws in your systems and fix them before an attacker can exploit them. By using penetration testing, you can reduce this risk and protect your business from costly data breaches.
The robust security posture of smart contracts technology is one of the primary reasons why organisations use it. It operates as a lawyer between two parties participating in a transaction (with an agreement). Smart contract audit efforts begin before the first line of code is written and end with securing against cyberattacks and potential vulnerabilities such as re-entrancy, front running, ETH send rejection, integer overflow/underflow, DoS, Insufficient Gas briefing, RCE, and many others listed in the Smart Contracts Weakness Classification Registry.
2. Meet compliance
Businesses are required to meet certain compliance standards or face penalties. Penalties for not complying with these regulations can be severe, including fines, imprisonment and damage to reputation.
One such standard is the PCI DSS. This standard was created to protect credit and debit card information from being stolen by cybercriminals.
Other possible compliance requirements can be HIPAA for healthcare industries, SOC 2, NIST, GDPR, ISO 27001, etc.
Penetration testing can help you meet these compliance standards and avoid penalties. It will find any flaws in your technology and assist you in correcting them.
3. Improve the overall security
A penetration test may help your company’s overall security. It will highlight any flaws in your system and assist you in resolving them. By protecting sensitive data at rest and in transit, you reduce the ability of attackers to gain access to your computer systems and collect your information. This will also aid in the prevention of future data breaches.
4. Company’s reputation and customer trust
A data leak might have a significant influence on a firm’s public image and consumer confidence. This is especially true for organisations that deal with critical information such as banks, hospitals, law firms, and insurance companies. If these businesses get hacked and their customers’ records are exposed, it could be devastating to the business.
If your business gets breached or suffers from an attack, you may also lose your customers’ trust in you as well as any future customers who hear about it through social media or news outlets.
By using penetration testing services on a regular basis, you will avoid having to deal with similar incidents in the future. It will identify vulnerabilities before hackers exploit them so that your reputation does not suffer due to an attack on your systems by cybercriminals looking to steal customer data.
This will help you develop client confidence and loyalty, which is critical for any company.
It’s also important to note that when a breach does occur, you want your customers to know about it immediately so they can take measures like changing their passwords on other accounts where their information may have been compromised too (not just yours). This way no one else gets hacked because of what happened to your business.
The sooner people find out about breaches or attacks from hackers looking into stealing sensitive information from businesses; the more likely they are to change any passwords associated with those systems as well in order not only to mitigate damage but also to prevent future incidents altogether.
5. Reduce downtime
Another benefit of penetration testing is that it can help you reduce the downtime of your business in the event of an attack by preparing for these beforehand. In the event of an attack or breach, there will be a period where all systems have to be shut down while they are being investigated by experts who specialise in this area. This means no one can access anything until further notice from authorities investigating what happened when trying to find out how hackers got into their system (and if so what specific vulnerabilities might exist here).
Downtime is also a general IT concern for companies even when there is no data breach taking place. This could be due to several factors such as lack of trained staff, unpatched glitchy software, network downtimes, etc. Penetration testing can help mitigate these potential problems before they occur.
Who performs penetration testing?
Penetration testing is performed by trained professionals. These individuals have experience in the field and know how to identify potential vulnerabilities within an organisation’s network infrastructure. They can then use this information to create plans on how these weaknesses might be exploited by cybercriminals who want access into restricted areas or steal sensitive data from other users without their knowledge/consent (such as bank account balances for example).
If you lack the in-house IT skills to do penetration testing yourselves, it’s best to outsource this service to a third-party company. This will ensure that the job gets done right and that you’re meeting all the compliance requirements your business may have.
All businesses, regardless of size or industry, should be using penetration testing services to ensure their networks are secure. It’s also important that you have a plan in place for what happens if there ever was an attack or breach on your systems by hackers looking into stealing sensitive information from other users without their knowledge/consent (such as bank account balances).
The sooner companies find out about breaches and attacks, the more likely they are to change any passwords associated with those systems as well in order not only to mitigate damage but also to prevent future incidents altogether.
Businesses must take this seriously because it could mean millions of lost dollars due to downtime and legal fees if anyone finds out about an attack before you do.