As the New Year kicks off, organizations all over the world are beginning to finalize their IT spending budgets. What many of them fail to consider, however, is that now is also the perfect time to reassess their security strategy and evaluate the success (or failure) of their network monitoring solution.

It’s no secret that the last few years have been tough ones for enterprise network security, as high profile attacks on Sony Pictures, JPMorgan Chase, Target, and a number of other companies call into question many organizations readiness and ability to protect sensitive data from ending up in the wrong hands.

According to the Ponemon Institute’s “2015 Cost of Data Breach Study”, 79 percent of C-level executives surveyed say that executive level involvement is necessary in order to achieve any type of effective incident response after a data breach. Given that the number of data breaches is nearing 6,000 just this year alone, it’s imperative for managers and executives to take drastic action.

Here are three of the top reasons why organizations should consider a new network monitoring strategy in 2016.

  1. To provide competitive service with little to no network disruptions

While most network monitoring solutions implement 24/7 observation and data protection tools, they also do a great job of optimizing the flow of data and improving organizational efficiency. There’s more automation, more test scenarios, and more available alerts than ever before, which all help ensure that business doesn’t skip a beat, despite the added layers of protection and security.

  1. To identify further cost savings by investing in more cost-efficient network equipment, or by outsourcing the network monitoring/security strategy

There’s a simple philosophy when it comes to maximizing cost savings and getting the most out of organizational equipment, and that is: “If you can’t monitor it, you can’t manage it.” The best network monitoring platforms aren’t tied down by proprietary software, they are able to collect and analyze data from a number of third party sources.

There are also many companies that now employ dedicated teams of IT professionals to monitor your network and equipment so that you don’t have to.

  1. To avoid a costly breach

Data breaches are happening much more frequently these days, as more cyber criminals and terrorist organizations are finding the means to exploit vulnerabilities in network security. As a result, the cost of a data breach is also increasing with each passing year, as the average rose from 3.53 to $3.79 million in 2014, according to the Ponemon Institute study.

47 percent of data breaches were caused by malicious or criminal attacks last year, with system glitches and human negligence also contributing to the rising cost. In terms of data breach numbers by country, the Arabian region, India, and the United States all had an average of over 28,000 breached records in 2014.

At the end of the day, there is no better time than now for enterprises to reevaluate their network monitoring strategies. Click here for more information on Omnipeek 9.1, Savvius’s award-winning solution for monitoring, analyzing, and troubleshooting networks of all kinds. For more information on Savvius Vigil, the first network appliance able to intelligently store months of packet-level information to enhance security investigations, click here.