Cybersecurity Strategy: Three Key Elements Every Enterprise Must Prioritize

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Cybersecurity Strategy Three Key Elements Every Enterprise Must Prioritize

Designing and enforcing a cybersecurity plan is more important than ever, given the spike in security-related incidents during the pandemic. These attacks show no indications of slowing down, and evidence suggests that threat actors will continue to target susceptible systems.

Many firms have realized the threat that cyber-attacks represent to their operations, reputation, and profits. While investing in security measures like monitoring tools, security awareness, multi-factor authentication, and other security best practices has its advantages, it also has its disadvantages.

According to Cybersecurity Ventures, worldwide cybercrime expenses are predicted to rise 15% each year in the next five years, hitting USD 10.5 trillion annually by 2025.

A genuinely safe company has a solid cyber security plan in place, as well as a well-defined route for future security needs. Here are some pointers for organizations to consider when developing a cybersecurity plan.

Adapting security for cloud computing

Cloud security and cyber security are becoming increasingly synonymous. Data protection, infrastructure security, Identity and Access Management (IAM), vulnerability management, and security monitoring are all cyber security principles that apply to cloud systems. The ‘what’ and ‘why’ have remained mostly the same, but the ‘where’ and ‘how’ have. The operating environment and the numerous types of technologies accessible to develop security posture are now distinct.

Also Read: Cybersecurity Mesh – The Must-Have Strategy for Enterprises in 2022

Since cloud security is already well-established in some parts of the world, such as the United States, enterprises in the GCC may gain from this information base to avoid the pitfalls of early adopters.

Furthermore, businesses wanting to use security as a cloud service will discover that the services offered can provide reliable solutions that fit well with today’s hybrid working/in-office models.

Developing a solid cyber resilience strategy

Cyber incidents are on the rise, despite enterprises investing extensively in security measures and putting forth tireless efforts in cybersecurity maturity management. As a result, a comprehensive cyber resilience program is critical. This strategy may involve business stakeholders and should be approved by the Board of Directors and the CEO. Legal, corporate communications, partners, LOBs, IT, Cyber, compliance, and law enforcement should all be included. This strategy should be tested regularly to ensure that everyone knows the process and the procedures to respond rapidly in a coordinated manner and get the business up and running.

Taking advantage of security automation

Security automation has become far more crucial in the age of hyper-virtualized environments with software-defined networks, storage, and the cloud. These ecosystems can only function effectively if they are highly automated. Manual orchestration can cause bottlenecks, friction, and an increased risk of misconfiguration owing to human mistakes where infrastructure is described in code. Automation might assist move vulnerability detection and mitigation to earlier phases of the system development life cycle.

The rise of cyber threats is straining security teams as demand for cybersecurity personnel dramatically outstrips supply. An organization’s capacity to leverage security automation will allow it to respond faster while also freeing up personnel to focus on higher-level cognitive tasks.

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