Business Risk Intelligence VS Cyber Risk Intelligence
Despite the increasing investments into the latest defensive technologies, cyber risks are escalating and intensifying - with no end in sight. This backdrop requires an executive leadership that views cyber exposure beyond compliance and places more emphasis on strengthening the offensive position.
In an increasingly digitised world, where connectedness is the word of the game - businesses need to generate a cyber protection strategy that is integrated into all aspects of the organisation, starting with the IT department, engaging employees and training them, as well as enhancing existing security policies.
Cyber security can't remain in the realm of the IT department, nor can it be the responsibility of the business unit alone - it requires cognizant team support; from government, business competitors and consumers alike. Organisations should begin viewing cyber security as a holistic business risk and not merely a technology issue as cyber criminals are extremely aware of technology loopholes; thus - security must be built into systems from the onset; understanding the vulnerability footprint of employees, business partners and supply chains should be at the centre of any comprehensive security plan that takes an increasingly digital world into account.
"Board oversight should lead organizations to a holistic, integrated cyber security approach by focusing "inside out": first on the company's business strategy; then on the primary risks to that strategy; and, finally, on the assets and processes that are most essential to that strategy" - Security Round Table, 2018.
According to the Global State of Information Security Survey 2017, less than 45% of board members actively participate in the organization's security strategy. The Global Enterprise Security Survey by Fortinet also laments the fact that less than 50% of board members treat cybersecurity as a top priority.
In order to craft a threat intelligence strategy that addresses the broader risks will require collaboration on all fronts as the implications for security weakness will not only affect the business unit, but your customers as well.
Attend the Afrisecure Cyber Security Summit to gain valuable knowledge from industry thought leaders on how to use the best threat intelligence tools available and build a non-static business-driven security approach that protects your customer data, intellectual property and your organisations critical assets.
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