Prioritizing Cyber Resiliency is Critical for Enterprises

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Prioritizing Cyber Resiliency is Critical for Enterprises

According to Accenture’s  State of Cybersecurity Resilience 2021 study, 55% of large organizations are failing to successfully stop cyber-attacks, detect and resolve breaches fast, or reduce the impact of breaches.

Cybersecurity breaches and ransomware attacks are in the headlines almost every day these days. Businesses appear to be fighting a losing battle against cyber-attacks, with these strikes having a considerable impact on day-to-day operations. It’s evident that business and IT leaders need to rethink their approach to cybersecurity, focusing on cyber-resilience rather than hoping for a perfect solution that would make them invincible against threat actors.

Here are three ways to improve enterprise cyber resilience:

Also Read: Organizations are Struggling to Manage Their Cyber Assets

Create a security-first culture

It is crucial to create a culture in which business operations are aligned with privacy, security, and compliance. There will be persistent challenges if company leaders believe security is a hindrance to productivity and success – consider serious security flaws, excessive spending, silos, and redundancy. Companies were forced to quickly transition from on-site to remote operations as a result of the global pandemic. Security and business leaders have had to reconsider their security strategies since then.

It’s critical to bring security out of the shadows and into the spotlight, and to make security the foundation that enables the business.

Risk management should be incorporated into cybersecurity strategies

With little time to prepare or deploy new network security protocols, the pandemic led resulted in a quick, widespread move to a distributed desktop environment.

This is a great example of a risk that could have been discovered early on. It’s possible that the threat wasn’t a global pandemic in particular, but rather business continuity in general. Are the right tools, systems, and processes in place to keep operations running if the workplace becomes inaccessible for any reason? If not, how will this impact the company?

It’s critical to take a strategic approach to assessing potential threats to the company, including third-party, internal, infrastructure-based, and unavoidable scenarios, to stay ahead of future cybersecurity risks. Businesses will be well equipped to recover swiftly from practically any scenario if they identify each risk and implement measures to remediate it.

Also Read: How Businesses Can Improve Their Fraud Program

Create specialized security teams

Leaders can help their company become more agile and cyber resilient by forming specialist security teams as part of their security strategy. Specialized security teams are better equipped to respond to new and diverse threats because they have a wider variety of skills and expertise.

To eliminate inefficiencies and friction, specialized security teams combine IT operations, business operations and IT security. Aligning development, security, and infrastructure teams increases time to market by incorporating security from the outset. This collaboration dismantles silos and promotes a security-first, security-everywhere mindset. As a result, businesses will become more productive, adaptable, and resilient.

Raise employee awareness

It is critical to ensure that employees are aware of the risks of current threat landscape and the best practises to follow. They should be knowledgeable of security best practises and how phishing operations function, for instance. When working remotely, they should get the help they require to safeguard their equipment, including safe use of non-professional services and tools.

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