Security leaders say that identifying and deploying a cybersecurity risk strategy is a common hurdle faced by most enterprises
Organizations have acknowledged that identifying and implementing a productive and effective cybersecurity risk framework has been a common hurdle for them. Analyzing the previous instances, it is known that such endeavors require heavy lifting to be managed by CISOs and their team.
Thus, the focus of cybersecurity risk frameworks generally is related to established technical defenses and the expected technical results. This approach helps manage some of the critical and important factors of cyber risk within an enterprise. However, it does not throw light on real cyber-resiliency, which shouldn’t be ignored at any cost.
Security gaps aren’t the only cyber risk factors
Security leaders point out that business continuity will continue to remain the top goal for enterprises. From there, the cyber risk continues to evolve from a single technology-based focus into a more vital and critical element of how organizations achieve business resiliency.
Business leaders must bring forth their needs to the forefront to ensure the creation of effective solutions and practices that are the best solutions for the hurdles ahead. Cybersecurity leaders tend to do the same; thus it should not be a surprise that a combination of both sides is the best solution for the conundrum.
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Technology leaders believe that instead of focusing on being impenetrable to cyber risks, organizations should first consider how their defenses correspond to their ability for navigating dynamic market with confidence, accurate redressal of security and business concerns simultaneously. Cyber risk frameworks don’t need to be perfect; it is more necessary that they ensure that the work is completed. This can happen only when solutions are designed based on how enterprises engage with their surrounding environment.
Each tech leader has their own preferences, and every enterprise is different; thus working together in harmony becomes more about identifying the gaps in the security profile. Leadership teams are required to work together and move towards holistic results for their enterprise in order to reach goals within the relevant markets.
This mentality helps security and business leaders to easily decide what the needed cyber risk appetite is, and then make vital technology investments that address their rank in the industry risk scale of the organization.
More risk does complicate the organization but not as much as leaders fear
CISOs acknowledge that there exists a plethora of industry inputs about the best working cyber risk models; however, the truth is that no model is more accurate than another. Each enterprise has unique needs with regards to its security posture, missions, budgets, method of doing business, etc., and technology leaders are required to work with the available resources.
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They reiterate that the risk of cybercrime will never be completely eliminated. The positive news is that while the TTP of cybercriminals will continue to evolve, the final goal remains to find the weakest link of the technology and manipulate it to harvest something of value. As the technology ecosystems continue to diversify and evolve, it is vital that organizations work to detect the weakest links and develop solutions that avoid the liabilities getting exploited.
