Re-establishing the Security Strategy for Strengthening Cybersecurity

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Re-establishing the Security Strategy for Strengthening Re-establishing the Security Strategy for Strengthening

As enterprises prepare themselves to enter into the new decade with constantly changing business methodologies, they need to develop and re-establish a security strategy that aligns with these ever-evolving business landscapes.

An enterprise security strategy should be constantly evolving and should be in sync with the current and emerging threats. If not, enterprises will need to welcome the financial and reputation catastrophes it can bring.

Enterprises that fail to maintain a stronghold on current events, review cycles, process automation and current skill sets to handle the workload and secure infrastructure have a hard time protecting their most valuable assets. Moreover, it is highly likely that the threat actors have set their eyes on these vulnerabilities of an enterprise.

Therefore, it is crucial that enterprises work on their existing broken or outdated security strategy and develop plans that are relevant, crisp and agreed upon by all stakeholders across the enterprise.

Read More: Securing the ‘New Reality’ through Pragmatic Cyber Security

Below are a three steps that can help enterprises to reestablish their security strategy:

  • Aligning it with Risk

While planning to revive the security strategy, enterprises should craft it in a way that aligns with their current risk appetite and tolerance. It is influenced by various factors such as the present business, technology or threat environment that may force an enterprise to rethink its risk appetite. When a few factors among them get changed, and the strategy fails to anticipate the changes, signs emerge that suggest that strategy needs to be revamped.

  • Planning and Preparation

 Before releasing a security reboot, enterprises must identify security strategies that are working and failing. The process also involves finding out about an enterprise’s current and planned needs and objectives and determining how the rebooted strategy will help to achieve them.

Furthermore, to gain maximum insights into the present and future needs of the enterprise, CISOs should conduct an anonymous survey of security team members at all stages. This will help enterprises to understand their satisfaction level, collecting details on current as well as potential obstacles and request improvement ideas.

  • Winning the hearts of stakeholders

While enterprises are still on their path of economic recovery, many are still struggling to allocate necessary resources to cybersecurity, let alone invest in security reboot that may need to increase the budget.

Read More: Leveraging Data for Tackling Today’s Enterprise Challenges

Hence, while putting forth the proposal of reestablishing security strategy, CISOs can show how the strategy will play a crucial role in increasing the revenue as qualifying for new revenue opportunities. They can use meaningful and verifiable data to speak in support of the new strategy. Demonstrating how the rebooted strategy will act as a problem solver increases the chances that the stakeholders will agree to invest in the strategy.

Relying on a security strategy that fails to deliver the intended outcomes can halt the growth of an enterprise. By taking a hard look on an existing enterprise’s security strategy and taking initiatives to reestablish it, the enterprise can not only secure its infrastructure but also increase its probability of achieving its long-term goals.