Many organisations are now experiencing first-hand cyber-attacks and data over the past 10 years shows that the frequency, impact and likelihood of breaches is rapidly increasing. It is now not a matter of if but when the attack will happen, and data shows that although there is a high likelihood of a breach, there is always an organisation ending scale breach on the horizon.
Recent cyber breaches highlight the increasing motivation, persistence and sophistication, cyber-attacks that organisations are facing today. The threats range from intenal, external and poor design, with information disclosure and loss causing a few very large incidents, poor security becoming a growing problem, and by far most prominent and escalating is malicious attacks. The loss of intellectual property, data, and sensitive information comes at high cost, along with the associated disruption to business operations, financial impact and significant reputation damage.
Even with predictive analytics and advanced monitoring techniques there is no replacement for being prepared when it does happen. Being organisationally ready and having an incident response strategy, and a crisis management framework in place, in an environment that responds rapidly and with operational rigour is key to ensuring that normal business can resume as quickly and effectively as possible.
Having the processes and expertise and capability to make business decisions that clearly articulate the organisations risk profile and threat model, with well defined strategies to minimize risk profile within the budget available, and setup an effective strategy and associated roadmap to achieving ‘good’ security that makes a difference and can mature over time.
(Excerpts from our Cyber Security 101 Series, Contact Us today to know more)