Sharing the security burden>
Computer Business Review – Shane Grennan
The threat to businesses is very real, and is only getting worse. Gartner predicts that 60% of digital businesses will suffer major failures due to the inability of security teams to manage digital risk. Companies of all sizes and in almost every sector are now finding themselves a target for cyber criminals. In fact, our recent Global Enterprise Security Survey found that 85% of respondents had suffered a breach in the past two years, with almost half reporting a malware or ransomware attack. 77% of boards demand to know what happened after a security incident occurs, and 67% review or increase security budgets. Here are a few ways that IT professionals can ensure that they are speaking the language of the board.  ⢠When communicating cyber-risks to the C-suite, itâs important to connect these risks with real-world examples of large-scale breaches. Yahoo, Wonga, Three and Tesco Bank can provide examples of how a breach doesnât just mean the theft of sensitive data. Ranging from tumbling stock prices and devaluation, protracted litigation and executive resignations, the effects of a breach can be devastating for businesses. Not to mention the threat of being fined, once GDPR comes into effect this year. ⢠By using business terminology that can be understood by all employees and ensuring that you have a comprehensive education programme in place, employees will begin to understand that everyone, from interns to managers is responsible for security in the workplace. ⢠77% of IT professionals believe that the transition to the cloud is a key priority for the board and half of all businesses surveyed are already planning investment in cloud security over the next 12 months. The adoption of new technologies represents an opportunity for IT professionals to put security at the heart of there deployment. This should lead security to be viewed as more of a strategic business issue, which is part of an organisationâs broader risk strategy, rather than simply as an IT issue.
Link: https://www.cbronline.com/opinion/sharing-security-burden