Data breaches, spurred by an increase in digital transformation across industries, are proving to be expensive to fix and have a negative impact on brand reputation. CISOs are responsible for the security and integrity of the IT network and infrastructure, data, and applications, both on-prem and in the cloud, using cutting-edge technology. They should develop and implement a robust cybersecurity plan while maintaining business continuity.
In recent years, the role of the Chief Information Security Officer (CISO) in businesses has evolved. The pandemic, remote working culture, and increased cloud use have all contributed to the CISO’s role in an organization becoming more important.
Furthermore, as businesses strive to prosper in the new normal, the rate of digital transformation is accelerating at an unprecedented speed. This became clear when companies tried to make remote working possible. Because of the haste to secure business continuity through the adoption of digital tools, cyber-security functions were disregarded, giving cyber-criminals and hackers reason to rejoice.
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Cyber-attacks are becoming more frequent and sophisticated as digital infrastructure becomes more complicated, resulting in losses on all fronts of the organization. Vulnerabilities and security vulnerabilities are being introduced into the system, which cybercriminals can simply exploit. DDoS attacks, phishing, ransomware, and infiltrations of IoT devices are among the other threats that cyber-security teams are dealing with. To solve these issues, cyber-security should be included in the planning and implementation of the digital transformation strategy rather than being viewed as an afterthought. Organizations are starting to see the importance of developing a robust cyber-security plan and putting it into action, and they are including it into their digital transformation exercises.
Critical business decisions will be driven by cybersecurity
Business goals are influenced by business markets, which in turn are influenced by IT solutions and technology. Today, protecting data and sensitive information is a business driver rather than a best practice. Businesses will be negatively impacted by any cyber-attack or data loss. As a result, cyber security must be integrated into vendor operations, processes, and customer relationships.
Staying ahead of the cyber-threat management curve is critical for organizations to ensure a robust asset management strategy and resilience against cyber threats, as well as to create economic value. Since businesses are no longer constrained by their four walls, an integrated approach to cyber security that encompasses both on-premise and cloud IT assets is essential.
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The implementation of the strategy is just as important as the plan itself
Without effective implementation, having a strong cyber-security policy is only half the job done. To successfully protect enterprises from cyber-attacks, a team with excellent execution capabilities is also required. Traditionally, the CISO and his team would ensure that possible risks were reduced by protecting the company from cyber-attacks, and this business unit would operate in isolation. Today’s focus is on digital transformation, where the security team is becoming more mainstream and playing a more strategic role. Security should aid in the development of new initiatives and projects, allowing solutions to be brought to market in a timely manner.
Without a doubt, digital transformation will result in a paradigm shift in business operations as well as new cyber-security requirements. With the pandemic posing new threats, cyber-security teams must employ both proactive and reactive measures to ensure business continuity and maintain a competitive advantage. To meet the fast-evolving threat landscape, businesses and assets should be protected from malicious threats by integrating and automating cyber security measures on an ongoing basis.
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