Using The Right Technology Saves Downtime From Cyber Attacks
The last decade has seen counteless instances of identity theft, loss of money, and other fraud resulting from organisational data breaches. Cyberattacks in nature are very pervasive and affect every individual, business, and government.
In an evolving threat landscape, organisations confront cyberattacks almost every day. Cybercriminals can reach their targets in any part of the world at any time; the need for cybersecurity has never been more critical than now.
Technology can strengthen the weakest link in the security ecosystem, provided thar organisations learn to depend on intelligent automation and cloud solutions.
Akhilesh Tuteja, Co-Leader, Global Cyber Security Practice, KPMG, highlights how incorporating cybersecurity throughout the business process and cyber education at leadership level can help cut down significant loss of working hours in case of cyberattacks.
All organisations must be aware of the cyber security risks. In today’s digital era, organisations are facing more and more sophisticated cyber-attacks. Many of these sophisticated attacks are impossible to anticipate and predict using traditional methods.
AI enables correlation of seemingly different events, which may help detect a pattern and provide early warning signals to prevent an attack. There is a need to move from conventional security systems to a more advanced multi-dimensional data driven ecosystem with the right analytics technology to predict and prevent future attacks. How can technology help?
In order to minimise downtime in case of a cyber event, organisations need to focus on building a cyber resilience framework. There is no one technology that can build a cyber-resilient environment instantly. It is a process of continual refinement that relies on an organisation’s understanding of the quantity, sensitivity and locations of assets it is trying to protect. However, organisations can implement/use certain measures to reduce the impact of business disruption from a cyber-attack. These include the following:
Intelligence automation: Enabling security technologies that augment human intervention in the identification and containment of cyberattacks.
Air-gaped protection: Physically or virtually separating sensitive systems or networks from other systems or networks.
Use of cloud-based solutions: Geographic fail over capability that could protect critical services from the consequences of a cyber event.
For most organisations cybersecurity is an executive level priority. The responsibility for the overall company direction and agenda setting lies with the company leadership and therefore their involvement in building a cybersecurity culture in the organisation is very crucial. In the past, leadership involvement was largely towards post-breach management than prevention. However, with an increase in the number of security breaches, attack surface and regulatory penalties, we see a change in the culture and there is still a lot of work to be done to make cyber security a board agenda.
Stakeholders and regulators are increasingly challenging boards to step up their oversight of cyber security and calling for transparency around major breaches and the impact they have on the business.
There is a need to enhance cyber education at leadership level. In order to make cybersecurity a strategic matter, it is important to ensure that company leadership has enough knowledge to understand and approach cybersecurity broadly as an enterprise-wide management issue.
It starts with the board asking the right questions such as understanding of the 'crown jewels', current risk appetite and threat exposure, supply chain risks, cyber response preparedness and whether cyber security is embedded in the business strategy and within the organisation culture.
It is important to incorporate cybersecurity throughout business processes rather than relegating it to a single function.
Cyber security is not just an IT issue and we need to encourage and incentivise shared responsibility right from the board, senior management, operations and every individual within the organisation.
At Cyber Security Intelligence we can connect you with the right experst who can complete a Cyber Audit and advise on the best course of action to vastly improve your cyber resilience, securing your data and protect your business from cyber-attacks.
We can also suggest and recommend the best training programmes for your organisation’s employees. Contact Us for further information.
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