Budget bandwidth is often a strong contention point for businesses. And even with the increase in cybercrime threats, some firms still struggle to allocate proper budget allowances to meet security and regulatory requirements. According to a recent report by Accenture, organizations face on average 22 legitimate security breaches each year and the average cost of a single cyberattack is $380,000.
The following outlines three steps the C-suite and other executive team members should take to prevent and survive a data breach. But first, it’s imperative all involved heed this initial piece of advice when planning cybersecurity; treat breaches not as a possibility, but as something that is going to happen.
Meet Stephanie Benoit-Kurtz, lead of cybersecurity faculty at the University of Phoenix – Las Vegas. She is also director of cybersecurity for Station Casinos in Las Vegas. She has spent three decades in the IT industry, working for a variety of large and small organizations and as a consultant. In the early days of her career, despite being part of the team responsible for implementing decisions at the IT company where she was employed, she “was routinely left out of the decision-making process. Here, we talk to Benoit-Kurtz about how the cybersecurity space has changed over time, and how the industry can embrace more individuals to meet demand and close the cybersecurity gap.
Building a cyber-resilient enterprise informed by threat intelligence is not an easy task. Risks and requirements are often as unique and diverse as organizations themselves. Determining factors like industry, size, and market contribute to one simple truth: a one-size-fits-all approach to incorporating threat intelligence does not exist. Some invariants, however, do remain; successful threat intelligence programs must staff the right people in the right positions. Below, I’ll introduce four core threat intelligence focuses to consider as businesses plan and allocate budgets for 2021:
Analyst1, provider of a threat intelligence platform (TIP), added recognized cybersecurity industry veteran, Jon DiMaggio, to its executive team. As chief security strategist, DiMaggio will be responsible for driving security research and strategy for the next generation threat intel company.
Securing identities and their privileges and access should be at the center of your strategy for reducing your cloud attack surface. The old network perimeter, with its limited number of points of ingress secured with firewalls and other perimeter defenses has given way to a distributed arrangement. Software-as-a-Service (SaaS) today is the new IT, and cloud identities are the new perimeter with thousands of users and points of potential failure existing outside of your traditional security protocols. The greatest threats to this new perimeter include:
The cyber intent strategy is to seek out the reconnaissance traffic that precedes an attack and manipulate it so well that the attack never succeeds. Leveraging and countering malicious cyber intent as your earliest defense draws from information warfare. Investing a small misdirection here could pay dividends later.
The role of the chief information security officer – or CISO for short – is to understand a corporation’s cyber threat landscape and know where vulnerabilities lie. And given the relentless increase in sophisticated hacking, their clout and importance to the CEO and Board is increasing exponentially.
With the emergence of major public health issues, or crises, such as COVID-19, grant funding for research and program development will be made available from various government agencies to help with the response. Additionally, foundations such as the Bill & Melinda Gates Foundation or Ford Foundation may provide the precious funds to perform the vital work to battle the at hand issue. If fortunate, those in receipt of funding to pursue the global health issue to be addressed will often utilize technology either developed or custom created and implemented to address the critical response, or in the case of COVID-19, slow the spread or research the creation of vaccines.
Starting on December 8, Apple will require all third-party developers to detail their app’s privacy information, according to an Apple post. Security experts note that this new update (iOS 14) puts additional focus on user privacy, and in particular gives users better visibility into their personal information that is shared with third parties.
