Maybe you've just heard about vulnerability management, or maybe your company has been using it for a while. You've heard plenty of people laud it as a business must. But you're skeptical—just how good is it really? If you're wondering whether or not it lives up to the hype, look no further than these benefits to show you just how advantageous properly managing vulnerabilities is for your firm.
4. Improve Security
First and foremost, vulnerability management improves security. Companies managing vulnerabilities are looking at a process, not just a one-time activity. That means management starts with the identification of a risk and continues on even after the threat has been mitigated. These firms are constantly monitoring their environment to ensure they're one step ahead of threats, and they also check back in on patches to make sure that risks aren't recurrent. The overall result is a safer, more secure business.
3. Save Time
It might seem counterintuitive to say that constant monitoring of vulnerabilities saves your business time. But if you compare the time firms spend on remediating huge risks that are detected too late or dealing with the fallout of a security breach, it becomes clear that a little attention each and every day is actually a huge time-saver. Instead of pouring in hours of labour after a major breach or working double time to get a risk fixed, IT departments that manage their vulnerabilities effectively spend a little time monitoring their systems. When a risk is detected, it can usually be fixed quickly and easily, and the IT team is more readily able to devote their time to getting the threat under control in short order. It also saves the team from needing to do heaps of work in a short period of time, since your systems are kept secure and up to date.
2. Know Which Risks to Fix
One problem that stops firms from using a management paradigm is the fact that vulnerability scans and remediation work can seem so daunting. If your team is on top of remediation and risk mitigation, however, scan reports and remediation tasks become a lot less intimidating. For one, if the team is truly on top of things, then a scan report shouldn't come back with too many high-priority items and, in fact, the report may contain only a number of low-risk items the team is already aware of.
Another advantage of using vulnerability management is that your team, through monitoring activities, has more information about the system—which allows them to contextualize the items listed in the scan report. They can make better assessments about what needs to be fixed, what needs to be fixed now, and which risks are a little less pressing.
1. Save Money
Time is money, so if vulnerability management saves you time, then it should also save you money. And it does! Since your IT team spends less time over the long haul, it means you spend less money on managing vulnerabilities overall.
Perhaps more importantly, vulnerability management saves you from costly breaches. In the wake of a breach, many firms face mounting costs from a number of areas—not only do they need to pay the tech team to get things under control, but they may also need to suddenly upgrade their systems, replace vulnerable or compromised components, or even lay out insurance claims if information or clients have been adversely affected. Effective vulnerability management avoids most major breaches—and the costs that go with them.
How Do You Want to Deal with Vulnerabilities?
Knowing the benefits of managing vulnerabilities from end to end, rather than simply reacting to crises as they crop up, you should consider vulnerability management for your business.