A single successful cyber attack is enough to wreak havoc, incur significant financial losses, or, in the worst-case scenario, completely shut down an organization. As a result, cyber-resilience is critical for detecting, evaluating, managing, mitigating, and recovering from malicious attacks.
Earlier, simply layering protection on top of a company’s business network, systems, and data was sufficient. In today’s hyper connected digital society, cybersecurity should be baked into every layer of the organization, rather than added on as an afterthought.
This entails putting cybersecurity at the heart of every new connected device, application, user, and home network that contributes to the organization’s network expansion.
As the size of an organization’s network grows, so does the potential attack surface that cybercriminals can take advantage of. Every level of an organization has the potential to be breached in linked workplaces. As a result, CISOs and other company executives need to accept that no organization can be fully protected from all types of attacks.
To mitigate the potential consequences of a breach, executives can and should embed resilience and cybersecurity protections into every aspect of the business. Organizations should make cybersecurity and resilience a major priority of their cybersecurity strategy as they modernize their systems and networks. Protecting businesses at every level of development will assist to guarantee that they are as safe as possible from external threats.
Here are three major areas that business executives should address when they advance their digital transformation efforts to improve cybersecurity and protection:
Data security and visibility
Executives should determine which data is sensitive and essential to the company’s operations. It will allow decision-makers to assess how best to safeguard this information. Failure to do so would expose the organization to substantial operational risks as well as cybersecurity concerns. To prevent unauthorized access to sensitive data, organizations can set effective access controls and use methods like multifactor authentication (MFA).
Integrating security processes into all of the company’s applications will help to improve the security of external applications. Having a list of approved applications for use across the organization can help to reduce the risk of threat actors exploiting applications.
Users engaging with unauthorized applications can introduce vulnerabilities into the organization. Hence visibility into the applications users are accessing, and the ability to secure or ban such applications is critical.
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Supply chain security
The security posture of partner organizations is extremely important in today’s linked business world. All it takes is for an organization in the connected supply chain to be hacked, and every other company in the chain is put in danger.
Partner organizations with weaker cybersecurity defenses pose a substantial risk to businesses and introduce the possibility of customer data being exposed. To secure both organizations, companies should collaborate with their partners and customers to achieve a high level of data security.
Cybersecurity is a significant business concern that should be addressed in company agreements and collaborations as it becomes a critical component of overarching business strategies. Cyber-resilience should be considered at every phase of the business journey and strategy to truly incorporate it into the core of a company.