How cyber is shaping the future.
There is no choice but to gain greater visibility across ecosystems lacking clearly defined perimeters. The stakes—be they operational disruption, reputational loss or deflated equity valuations—are too high. Just as complexity is the problem, the solutions are also far from simple.
upwards The clear takeaway is, organisations that do not incorporate cybersecurity into every aspect of their business risk leaving much of digital transformation’s value on the table as well as increase their vulnerability to attack.
Our most important recommendation in this regard is to fully empower the CISO. This means directly reporting to the CEO. Just as significantly, this move must give the CISO visibility across all lines of business. It’s a two-way street. The CISO must provide risk assessments in a manner that is comprehensible to the board. But not only does the CISO report up, he or she needs to be involved in new business developments from the start to ensure proper cyber governance down the line.
As technology allows information to flow freely throughout organisations, humans must follow suit. It’s critical to break down institutional silos and get lines of business to collaborate on cyber. Facilitate strategy, product development, compliance, IT and marketing sitting down together to understand the data assets needed and the security and privacy requirements around them at the very beginning of new initiatives. Designing with security and privacy in mind is the best way to avoid headaches later.
Complexity is a reality. Relying on the methods of the past to authenticate users and other entities is courting disaster, a situation easily exploited by hackers, often with dire impacts. Fortunately, the ability to continuously evaluate risk and apply real-time review to access controls is now something that can be incorporated in complex architectures.
While there isn’t a single simple solution to managing cybersecurity, many of the threats facing organisations on the road of digital transformation are shared. With cyberattacks becoming more prevalent, no industry or geography is immune from them, but we can learn from each other how to effectively handle an incident when one does occur. To this end, sharing experiences and knowledge with peers is an essential element of improving the security environment all round.
Whatever your cyber budget, adopting these approaches will help ensure that your resources are used more effectively. It’s tempting to focus on the complexity and plethora of risks that transformation heralds, but it’s equally important to recognise the upside. When you gain the visibility you need and you experience the agility that hybrid IT brings to your organisation, when you’ve earned the trust of your customers and you feel confident with complexity, you experience rewards at an entirely new scale.