Cybersecurity for the Technology Industry
Whether you’re a publicly-traded tech giant or a scrappy startup, Lumifi provides industry-leading managed detection and response cybersecurity services that fit your budget to deliver white-glove service and first-rate results.
Hire a tenured security company to protect what matters most
Lumifi has helped technology companies of all sizes and specialties create resilient cybersecurity strategies. Whether it’s building from the ground up or restructuring completely to the cloud, our team of security engineers and analysts are here to help.
Protect Proprietary Information
In today’s competitive landscape, it is not unusual for tech companies to implement strict non-competes and non-disclosure agreements. Just as human resource departments look to manage a company’s secrets outside the office, data leakage and corporate espionage can occur digitally.
Protect your company’s intellectual property by creating strict user profiles and permissions. Implementing User and Entity Behavior Analytics can also create a safer digital environment for technology companies.
Not all security platforms are created equal. Just like a pitch deck, a cybersecurity strategy must be updated and refined with a dedicated team of experts.
Keep Key Services Online
Nowadays technology giants experience thousands of attempted Distributed Denial of Service (DDoS) attacks to their networks. These attacks can affect uptime of an organization, costing profits each minute their services are down.
Technology companies must invest in cybersecurity to stay ahead of the curve. Malicious actors are finding new ways to exploit technologies of all kinds including:
- Website and Web Applications
- Mobile Applications
- Operational Technology (OT)
- Internet of Things (IoT) Devices
If your company creates products which require internet access, then security is essential to keeping your product or software running smoothly.
UX Includes Security
When considering the user experience of your product, security must factor in. Technology users are becoming more aware of their security risks as the prevalence of attacks rises. Being able to confidently market your cybersecurity measures to potential investors and customers is important.
Data: PricewaterhouseCooper Consumer Survey
PricewaterhouseCooper found consumers are concerned around the cybersecurity and privacy implications among emerging technologies.
They asked respondents which technologies presented the greatest privacy and security threats. They said:
- 55 percent said AI and IoT Devices
- 54 percent said Digital Payment technology
- 47 percent said Genetic Mapping, Chatbots, and Self-Driving Cars
As these technologies grow into full-fledged services and products, users expect a robust security strategy to protect the data they generate for the company.
If your technology company is already or planning to go public on the stock exchange, the Securities and Exchange Commission (SEC) requires cybersecurity disclosures surrounding cyber attacks.
The SEC is looking for detailed disclosures to better inform investors, including:
The SEC is looking for detailed disclosure about cybersecurity risks and incidents in your Securities Act and Securities Exchange Act (Exchange Act) registration statements and in your Exchange Act periodic and current reports, including:
- Risks associated with cybersecurity and cybersecurity incidents that make investments in your securities speculative or risky (e.g., costs associated with insurance coverage relating to cybersecurity incidents, if applicable; existing or pending laws and regulations that may affect the requirements that you’re subject to relating to cybersecurity and associated costs);
- Cost of ongoing cybersecurity efforts;
- Costs and other consequences of cybersecurity incidents and risks of potential cybersecurity incidents;
- Nature of your board of director’s role in overseeing the management of cybersecurity risk;
- Extent to which cybersecurity affects your products, services and relationships;
- Cybersecurity-related legal proceedings;
- Cybersecurity incidents and resultant risks that affect a company’s financial statements;
- Adoption of cybersecurity risk management policies and procedures; and
- Extent to which insider trading policies consider material non-public information related to cybersecurity.
Prevent attacks before they happen and minimize any damage from breaches with advanced security measures.
Additionally, regulations such as the California Consumer Privacy Act (CCPA) and General Data Protection Regulation (GDPR) will apply if your business caters to online customers in either the EU or California.
Even more cybersecurity laws are slated to reach local, state and federal levels. Make sure your cybersecurity strategy factors in future legislation and reporting needs.
Hire the best
You’re in the business of creating new technologies, hire a cybersecurity firm who leads the way in managed detection and response. Make sure your company is equipped to protect, handle and recover from a breach. Our team is standing by 24/7/365, ready to help you upgrade your cybersecurity strategy.
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