Endpoints are physical devices that connect to and exchange information with a computer network. Some examples of endpoints are mobile devices, desktop computers, virtual machines, embedded devices, and servers.
Importance of endpoint security
Endpoint security, also known as endpoint protection, plays a crucial role in shielding devices from harmful actors and attacks.
Hackers target endpoints because they provide access to valuable corporate data and are more susceptible to attacks. These endpoints sit outside the protective shield of network security and rely on users to implement security measures, which leaves room for mistakes. Protecting these endpoints has become even more complex due to the rise of remote and hybrid work, with employees using devices from various locations.
No business is too small to be a target. Shockingly, 43% of cyberattacks target small businesses, as revealed by a Verizon Data Breach Investigations Report. This is because they can act as gateways for criminals to breach larger organizations, often lacking proper cybersecurity defenses.
Endpoint security isn't just a good idea—it's a necessity. Data breaches can be financially crippling for companies. The average global cost of a data breach is around $4.24 million, escalating to $9.05 million in the United States, as reported by the Ponemon Institute's "Cost of a Data Breach Report 2021" (commissioned by IBM). Breaches related to remote work cost an additional average of $1.05 million. A significant portion of breach expenses—38%—stem from lost business, including customer attrition, revenue loss due to system downtime, and expenses tied to rebuilding a damaged reputation.