Exploring the Realm of Cyber Threats
In today's digital age, the importance of cybersecurity cannot be overstated. The World Economic Forum's 2023 Global Cybersecurity Outlook Insight Report warns about a growing cyber inequity, a gap between cyber-resilient and non-resilient organisations. This article aims to provide a clear and straightforward guide on how to build a resilient cyber strategy.
Zero trust, a security concept, should guide organisations towards their end-state goal, rather than being another technology. This approach emphasises the importance of constantly verifying the identity and behaviour of everyone and everything accessing resources within the network.
The supply chain and third-party risk assessment are crucial in the context of the dramatic drop in cyber resilience identified in the WEF report. Organisations must ensure they have a comprehensive understanding of where their data is stored, including cloud services and network traffic routes, to manage compliance requirements related to data sovereignty. Tighter industry regulations reflect the increased focus on data sovereignty.
The cybersecurity threat landscape is rapidly evolving, and many organisations are not reaching the required level of cyber maturity to be resilient. A holistic approach to cybersecurity, known as the five S's (stability, security, skills, sustainability, and sovereignty), is necessary for creating a resilient cyber strategy.
Stability in cybersecurity requires establishing a baseline to understand current cybersecurity maturity, defining a strategy that highlights weak points, and progressing towards a target end state. Security planning should include data security, application security, identity security, endpoint, network, and cloud security, as well as preventative controls and the ability to detect threats.
The skillset and capacity of the cyber team is crucial. The team should have the right training to utilise tools effectively and manage the current alert load. The skills of the managed security services partner should free up the cyber team to focus on higher-value activities and provide proactive enhancements to improve services.
Sustainability in cybersecurity is essential for business continuity. Regular testing of plans and teams before a real cyber incident is crucial. The general user community is the first line of defence in cybersecurity and requires security awareness training and a blameless culture.
Navigating the cyber threat landscape has become increasingly complex, putting pressure on CIOs and CISOs to create resilient systems against cyber threats. The World Economic Forum's 2021 Global Cybersecurity Outlook recommended accelerating the adoption of AI-driven tools to automate routine tasks like threat detection and alert triage, thereby improving efficiency and compensating for resource constraints.
In conclusion, a resilient cyber strategy requires a focus on zero trust, supply chain and third-party risk assessment, data sovereignty, stability, security, skills, sustainability, and sovereignty. By thinking through the five S's, organisations can ensure they are on the path to cyber maturity and resilience.
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