NAVIGATING THE CYBER RISK LANDSCAPE WHILE STAYING FOCUSED ON GROWTH
Cloud solutions, artificial intelligence, and automation are reshaping industries, and leaders are assessing and integrating these innovations to stay ahead.
But let's not forget that exposure to security threats is on the rise and demands a mitigation and response plan. C-suite leaders must keep security at the forefront of all these changes to protect their company's data and customers' privacy.
Organizations of all sizes, types, and across all geographies are high-value targets:
Employees, contractors, and other stakeholders across all levels and areas of organizations are susceptible to attackers.
Increasing use of automation by attackers delivers legitimate-looking work solutions (email, APIs, social media accounts, application interfaces, invoices, etc.)
Attacks are initiated from within and outside of the organization.
Deployment of sophisticated and agile counterattacks occurs when organizations introduce new security measures.
Open-source and low-tech solutions are used to cultivate actional intelligence.
Deployment of methodical campaigns occurs at the best and worst times.
Increasingly, attackers are monitoring employee activity such as emails, social media accounts, and invoice activities for weeks and months, then building intelligence before launching an attack.
Navigating this complex environment requires knowledge, a clear vision, and experts to support organization leaders through uncharted and rapidly evolving territories confidently. In addition to bottom-line growth, c-suite leaders must balance fostering a culture of innovation while managing the risks of geopolitical uncertainties and a digitally interconnected world.
Steps that leaders must take to avoid being a sitting duck:
Overall, it's necessary to enhance the cyber-hygiene of 1) people, 2) processes, and 3) technologies.
Run cyber security audits and threat detection across the board.
Implement cyber, intelligence, monitoring, and mitigation policies and solutions before they're needed.
Train and educate employees on security best practices, detection and response processes, and following security protocols caused by human error.
Encrypt sensitive data to make it harder for hackers to access it.
Implement access controls to sensitive data to only those who need it.
Regularly update software with the latest security patches to minimize vulnerabilities from being exploited.
Cybersecurity investments are paramount in safeguarding company interests and adapting to disruptive technologies while fostering a skilled workforce.