The COVID-19 pandemic shook up the global business environment and transformed the way most companies function. It resulted in unprecedented numbers of individuals working remotely in numerous firms. As a result, a variety of IT security concerns have increased, including the usage of new tools, systems, and resources that had not previously been used in the organizations. Many employees were using unsafe remote internet networks or personal devices to access company systems, putting important company data at risk.
Since IT teams had to respond quickly and deliver solutions, there wasn’t always enough time to consider the implications for cyber resilience, and many firms’ cyber resilience suffered as a result.
The cost of data breaches set a record high in 2021, according to an IBM report titled “IBM Report: Cost of a Data Breach Hits Record High During Pandemic,” with organizations spending an average of $4.24 million per incident.
The global economy will continue to wreak havoc and uncertainty as a result of cybercrime. Boards should establish effective ways to control their financial exposure and mitigate business repercussions to counteract these challenges. Here are some cybersecurity measures for 2022 and beyond that will help businesses establish resilience.
Also Read: How to Improve Working Relationships between the CISO and the C-Suite
AI in Security Operations Center (SOC)
Artificial intelligence (AI) assists in the optimization of SOC operations while fending against ever-increasing cyber threats. It empowers the SOC by allowing access to a store of institutional memory that may make recommendations best suited to particular businesses as it gathers information from near-infinite sources. AI enables companies to strike a balance between security operations and solutions. In contrast to machine learning (ML), AI allows the SOC to be better prepared before a data breach and aids in faster recovery during or after a breach.
Keeping track of everything
Businesses must ensure that their cybersecurity plan is clearly documented. They must also write all risk management, cybersecurity, policies, guidelines, procedures, and everything else that firms require or propose in order to reach strategic objectives. It’s crucial to write down what each person’s obligations are. Businesses must guarantee that they are active participants and that all information is current.
Also Read: Building a Robust Cybersecurity Strategy against Rising Ransomware Threat
Examining issues
Although data is the most appealing target for almost every cyber-attack, organizations also can utilize data against them through advanced data analytics such as machine learning (ML), artificial intelligence (AI), and statistics visualization. Businesses can predict future cyber-attacks and proactively address security risks by analyzing recent and historical attack data.
By assessing the data of the activities leading up to the attack, big data analytics allows enterprises to recognize prospective threats and attack types.
Up skilling in cybersecurity is becoming increasingly important in the sector
Due to the dearth of skilled cybersecurity workers, the industry is unable to cope with the increasing scope and sophistication of cybersecurity threats. Diverse backgrounds, abilities, and people with creative problem-solving and collaborative skills who can challenge traditional views are required by businesses. A lateral approach that prioritizes skills, experience, and aptitude above degrees will aid in the development of a resilient security program.
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