The business imperative of cyber security in the digital age

Businesses are rapidly expanding their digital footprint, leaving little time for preparation. Security breaches are now much more likely than before. As businesses continue to automate their operations, the pandemic has turned into a fertile ground for scammers and thieves to multiply cyber dangers.

Digitalization is being considerably accelerated by the fast adoption of new technologies like artificial intelligence (AI), machine learning (ML), and the internet of things (IoT). Have we taken into account the risks associated with emerging platforms and solutions, such as software bots and smart devices? is one question businesses should ask themselves.

Cyber hazards resulting from cutting-edge technologies and remedies

The platforms and solutions of new technology contain hidden and innate cyber threats. Companies need to regularly review their cyber security precautions to ward off the attack. The landscape of cyber risks is being bolstered by new varieties of malware including automated phishing tools and crypto mining software.

What actions should business executives take to safeguard their companies from cyber-attacks?

By 2023, 75% of businesses will change their risk and security governance in order to meet new cyber-physical systems. This covers convergent IoT, OT, physical security, and IT and OT requirements. This is expected to rise from the current 15%.

In order to develop a compelling business case for cyber security, organizations must identify their top business priorities, define their goals, and establish their objectives. CISOs should be knowledgeable about how to disrupt established approaches to cyber security as they encourage agile development and cloud computing within their organizations.

The function of cyber security in cloud computing and agile development

Security and Penetration Testing experts can adapt to the changing ecosystem of online threats. It is practically possible that they thrive in an environment that promotes flexibility, which is a central tenet of Agile. Businesses that use agile development methodologies shouldn’t be concerned that doing so will compromise their security.

Enabling cyber security and IT compliance

Increasing IT compliance with cyber security is essential to winning the war from a cyber-security perspective. Since cyber security regulations vary by industry, compliance management has no set method. In order to establish a cyber-security program that works for their business, businesses must overcome a significant barrier, regardless of where they are based or what they do.