Many software development organizations run day-to-day under a false sense of security: The majority of their workforce is tech savvy and knowledgeable about the potential cybersecurity threats they face. As a result, the organization feels they are better equipped to protect their valuable data — their source code — without a sophisticated IT department in place.
This is when problems tend to occur. Ransomware attacks, where nefarious agents on the web block access to an organization’s data until a large ransom is paid, can happen to any software development organization. Those who perpetrate ransomware attacks understand how valuable a software company’s source code is to them — and the price they would pay to retrieve it.
However, many software development organizations believe that backing up their code in a second location can thwart ransomware attacks because they retain access to their data. However, a basic backup is not enough. Ransomware attacks are becoming increasingly sophisticated and frequent. In fact, according to a report, 304 million ransomware attacks occurred globally in 2020, with ransomware affecting over 65% of global businesses.
Whether you have an IT department of one or your software developers double as your IT department, ensure you have these security measures in place to safeguard your source code.
If your software developers are also acting as your IT team, they may have installed basic antivirus software or a firewall to protect your systems. However, are they constantly monitoring and updating their security measures? This is one of the biggest mistakes software development organizations make: thinking that cybersecurity is a set-it-and-forget-it action. A secure IT environment is constantly audited, monitored, tested, updated, and tracked — if it isn’t, threats such as ransomware attacks can prevail.
Taking a layered security approach is the best course of action so you can ensure your systems are enterprise-class and as sophisticated as the attacks you’re facing. This way, if the ransomware attackers get past one security measure, there are still others in place to stop them from holding your source code hostage.
There are three aspects to layered security:
Security experts have divided layered security into seven different areas to help software development organizations create a comprehensive security posture to protect their entire tech stack from any incidents. After all, if your organization faced a ransomware attack, would you still be able to meet your release date? Would your customers still trust you with their data? Would your partners still want to do business with you?
Protecting your source code is about more than just the years of hard work you have put into it. It’s about meeting the expectations of your customers, investors, partners, and stakeholders.
In the software development industry, data is everything: from how your software is built to your customers’ private information. Keeping it safe keeps your business safe — it protects your revenue and your reputation.
IT often feels like an obstacle for software development organizations because they do not have the bandwidth to make it a priority. However, it doesn’t have to be that way. With JPMerc, software development organizations get a robust IT department at their fingertips, with the expertise and experience to protect their code — no matter the threat. Whether you’re looking for full managed services, security services, data network support or more, you’ll get an IT provider that is more than just a vendor — we’ll be a valued partner for your business.
Learn more about how we work with software development organizations.