Global business is wrestling with a cybercrime epidemic. Attacks by increasingly sophisticated and well-funded digital adversaries have resulted in financial losses, alienated customers and damaged reputations.
In many cases, attackers are reaching the high ground in the battle for business data. Access to the latest hacker tools has never been easier, and the costs associated with these tools continue to decline.
Cyber-attacks can rapidly derail an enterprise’s ability to create value. To thrive, business leaders should consider three approaches to effectively manage cyber risks:
Actively engage to make the business a better security “customer”
Strengthen the partnership between the business and security
Continuously exercise organizational defenses
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Even companies with the best security operations can be bad security customers. While no organization can defend itself from all cyber-attacks, the likelihood of the detection and elimination of cyber threats can increase precipitously if the business side is fully engaged with the security team.
Recommendations to help bring risk down to a manageable level include:
Engaging Business Leaders for the New Normal
Organizations, amid relentless threats, must recognize vulnerabilities and build resilience.
Actively engage to make the business a better security “customer.”
Making the business a better security “customer” by actively engaging with the security team is one approach that organizations should take within a larger strategic agenda to establish a holistic, end-to-end security strategy.
Strengthen the partnership between the business and security.
Strengthening the partnership between the business and security is one approach that organizations should take within a larger strategic agenda.
Train to achieve organizational resilience.
Recognizing how exposed they are to cyber-attacks, organizations need to “train” to achieve organizational resilience.