Our increasingly interconnected digital world is quite a double-edged sword for organisations. On the one hand, organisations can benefit from streamlined processes, optimised workflow, deeper insights, and seamless collaboration. On the other hand, the expanding web of devices, applications, and systems present cybercriminals with a larger attack surface to exploit and infiltrate.
And exploit they do, with Hiscox estimating that there are 65,000 attempts to hack small to medium-sized businesses in the UK, every day. Alarmingly, a survey conducted by the Enterprise Strategy Group (ESG)1 revealed that only 16% of UK respondents feel that their organisation is prepared to deal with a breach. The same poll found that 75% of organisations struck by a cyberattack were forced to pay the ransom, which amounted to a hefty average of £371,000.
To limit the impact of cyber attacks, many organisations are turning to Zero Trust architectures, with 91% of UK respondents stating that Zero Trust lies within their organisation’s top 3 cybersecurity priorities, comprising 38% of their overall security budget.
What is Zero Trust?
The traditional approach to security sees trust established once a user is able to verify their identity. However, bad actors can and as we unfortunately know, frequently do, gain access to login credentials that then grant them free reign within the castle walls. It's not enough just to ask once at the gate.
Enter Zero Trust. As the name implies, Zero Trust operates on the assumption that every user is compromised. To keep bad actors out, micro-perimeters are set around sensitive data assets and granular identity-based validation policies are enforced at every point of access - whether in a public cloud, a hybrid environment, a container, or an on-premises network architecture.
The Core Principles of the Zero Trust Model
Real-World Impact of Zero Trust
The ESG study grouped all respondents into one of three categories according to how they scored on their degree of Zero Trust adoption. Those that had fully implemented the Zero Trust approach were labelled 'Pioneers'. The findings of the ESG report indicate that Pioneers experienced benefits in several key areas, such as:
How can COOLSPIRiT help you to become a Zero Trust Pioneer?
We pride ourselves on providing innovative cyber solutions from our industry-leading partners, striving to ensure they comprehensively meet your organisation's requirements, every time.
If you would like to learn more on how we can help you secure your digital world with proven core principles, contact our expert team today on 01246 454 222 or hello@coolspirit.co.uk
1. ESG, John Grady, Zero Trust Impact Report: United Kingdom Key Findings: June 2022