Cybersecurity Vendors And Cisos Will Have To Up Their Game

Cybersecurity Vendors And Cisos Will Have To Up Their Game – The 2021 Global Information Security Survival Report notes that CISOs and CIOs are grappling with a wave of new threats from COVID-19.

Global Information Security Survival (GISS) 2021 illustrates the disruptive and disproportionate impact of the COVID-19 crisis on operations struggling to position themselves as business growth enablers and strategic partners.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

Cybersecurity Vendors And Cisos Will Have To Up Their Game

In a global survey of more than 1,000 cybersecurity leaders, we found that CISOs and CIOs have low budgets, fragmented management, and a failure to find common ground for the functions that need them most.

Physical Infrastructure Cybersecurity: A Growing Problem

Indeed, the chaos of the global pandemic has created a perfect storm of threatening conditions in which agents can operate. The number of malicious and sophisticated attacks has increased significantly since the 2020 GISS report, many of which could be avoided if companies built security throughout their business.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

The CISO’s relationship with the business is also under more pressure than ever due to increased exposure to cyber risk. Additionally, budget constraints mean CISOs struggle to bridge the gap between needs and funding.

It can get worse before it gets better. Organizations are looking to invest in technology and innovation in the post-COVID-19 era and need to ensure resilience in the next major disruption, but many still need to address the delays and potential weaknesses that emerged in their reform efforts at the top of the year. pandemic.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

Operational Technology (ot) Cybersecurity

CISOs are at a crossroads. To deal with the complex and confusing problems we face, we need to act quickly. The following sections describe what cybersecurity leaders need to know about their current operating environment and what needs to be done to change it.

During the past year, every company has had to adapt to disruptions in one way or another. In a time frame not long ago considered possible, forward-thinking organizations are introducing new customer-facing technologies and cloud-based tools to support remote work and keep things open. market channel.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

But the speed of change comes at a heavy price. Many companies do not include cyber security in their decision-making process either by monitoring or by acting as quickly as possible. As a result, new vulnerabilities have entered the rapidly evolving environment and continue to threaten business.

Cybersecurity May Be More ‘recession Proof’ Vs. Rest Of Tech

At the time of writing, CISOs and their teams may not have completed a thorough assessment of the long-term impact of their company’s new technology on their defenses. But in the meantime, their partners will likely continue to use the technology.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

“The urgency of the crisis means that while organizations are opening up systems that have never been opened before, security is being overlooked,” reflects Richard Watson, director of Asia Pacific Cybersecurity Risk Consulting. “Not all organizations understand the need to go back and address these issues now.”

However, the risk of continuing without solving the problem is very real and very urgent. More than three-quarters (77%) of this year’s GISS respondents warned that the number of malicious attacks such as ransomware has increased over the past 12 months. In contrast, only 59 percent of respondents increased in the first 12 months.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

Reasons For Cisos To Automate Cybersecurity Compliance

However, CISOs struggle to make their voices heard. The majority of respondents (56%) agreed that when management makes urgent strategic decisions, cybersecurity teams are not consulted or are consulted too late. While some argue that this happens “rarely,” it only needs to happen once for threat actors to exploit gaps in defenses.

Cybersecurity, strategy, risk, compliance and resilience teams can provide organizations with a clear picture of their current cyber risk posture and capability, giving them insight into how, where and why they should invest in managing their cyber risk.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

Design, deliver and maintain your enterprise-level cybersecurity program by embedding security planning in every step.

A Cfo’s Guide To Purchasing Security Products

The result is fear of the future. “We work with security as an enabler,” said Richard Watson. “But there are organizations that put projects in place before they come into use.”

Cybersecurity Vendors And Cisos Will Have To Up Their Game

At worst, CISOs find that their warnings are ignored. In this year’s GISS survey, 43% said they are not at all concerned about their ability to manage cyber threats. But it doesn’t have to be this way.

Roland Cloutier is the Global Chief Security Officer (CSO) of the short-form video and entertainment platform TikTok, where he is heavily involved in strategic decisions every week. “This can range from user growth strategies to new monetization or music offerings,” he said. “It’s all about building and deploying new technologies. My focus is on understanding the impact of current and unknown threats, and then increasing speed, security and privacy through product design while it’s being manufactured. Then I prepare the organization for the future when the new Tieto is ready. How can we do this at the speed of the Internet and culture? That’s what makes this job interesting.”

Cybersecurity Vendors And Cisos Will Have To Up Their Game

A Brief History Of Cybersecurity

Threat actors have increasingly adopted new tactics over the past year, either by targeting companies through employee-delivered malware phishing campaigns or by embedding backdoor code that allows them to exploit the business after the customer has purchased the software.

The truth is, there are more threats emerging today than we’ve ever seen. This is fueled by a ransomware business model that has proven to be very effective. Dave Burg, Director of Cyber ​​Security, Americas

Cybersecurity Vendors And Cisos Will Have To Up Their Game

The stakes couldn’t be higher. The hackers who shut down the US Colonial Pipeline in May 2021 used ransomware as a service that others could obtain through the dark web, putting critical organizations in the economy and society at risk. Meanwhile, the individuals who infiltrated SolarWinds in the months of 2020 did so using sophisticated supply chain attacks unfamiliar to security teams.

H1 2022 Cybersecurity Product Led Growth Market Map

Attackers are targeting an ever-expanding area, and their tactics are increasingly unpredictable. Only a third of respondents are confident in their ability to make supply chains appropriately flexible or watertight, highlighting the importance of close collaboration with procurement and operational partners. Less than half (47%) say they understand and can predict the tactics attackers will use, as evidenced by threats that penetrate software that is later sold to the customer.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

There doesn’t seem to be any need for a quick transition. At the time of writing, significant progress has been made in the fight against COVID-19, but the crisis will go through several phases – whatever they may be – before businesses return to “normal”.

For example, employers want to support hybrid work models and at the same time unleash growth in a recovering economy. A recent Work Reimagined 2021 survey found that 54% of respondents would consider quitting their job if their employer rejected the flexibility they were looking for. CISOs should also understand that half of employees (48%) want to invest in new technology in the home office, which can create additional risks if companies fail to address security by design.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

Cybersecurity Laws And Regulations Report 2022 Singapore

CISOs are facing a critical moment. According to the CEO Imperative Study 2021, it can be a strategic engine for growth if it is able to support digital change from the planning stage. Without a more active role in the change, security threats will increase and its position in the government will weaken.

Senior management teams have begun to focus on the ability of the security sector to protect the organization. More than half (55%) of respondents say cybersecurity is under more scrutiny now than at any time in their careers. Four out of ten (39%) organizations put cybersecurity on their board’s agenda quarterly, compared to 29% in 2020.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

However, in the 2021 Global Board Risk Study, only 9 percent of boards said they were very confident that the cybersecurity risks and controls in place would protect their organization from major cyber attacks—down from 20 percent last year.

The Top 20 Security Predictions For 2020

A CISO who can mitigate risks while achieving business growth and technology goals has a bright future. Most people understand this: 57 percent believe the crisis offers an opportunity for cybersecurity to raise its profile.

Cybersecurity Vendors And Cisos Will Have To Up Their Game

Dave Burg urges CISOs to take advantage of their increased visibility. “I know a lot of people in the security industry who are considered superstars, and we want to bring superstars to the forefront of innovation,” he said.

So are CISOs ready to take advantage of new opportunities for growth-enhancing roles? Can resilience be implemented before the next major business disruption? The answer has to be yes – but only if they can first address three central and mutually exclusive challenges that stand in their way:

Cybersecurity Vendors And Cisos Will Have To Up Their Game

Quantify How Much Cyber Risks Could Cost To Your Business And Align Your Cybersecurity Priorities With The Board.

Despite the growing threat of cyberattacks, cybersecurity budgets remain low compared to IT spending. Research data also show that the budget allocation process is largely unchanged

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