Cyber attacks pose the biggest threat to enterprises today. As a result cybersecurity has rapidly elevated to the top of the CEO’s agenda in large organisations worldwide.
The threat of cyber attacks has increased significantly as organisations are being targeted with more advanced techniques. The objective of these attacks has moved on from targeting the sensitive personal data of a company’s clients or their credit card details. It now includes intellectual property (IP) theft, control of the business critical systems and ‘ransomware’; where attackers take control of the IT systems and demand ransom.
These cyber attacks not only result in reputational damage for the organisation and loss of consumer trust, they can also cause financial losses to the business, falling share prices, heavy fines and penalties by the regulators and in some cases can cause physical damage. These factors make cybersecurity a real driver for change for the technology function.
As organisations move their core IT systems to the cloud, develop connected products using IoT and M2M computing, and move to online service delivery and support models, the threat of cyber attacks will increase. To meet this escalating challenge, organisations need to assess their existing networks and technology systems to add layers of security but more importantly embed security within their design/ architecture.
The challenge for the IT teams is to stay on the top of continually developing cybersecurity threats and the latest technology and security solutions. They need to develop systems and processes to ensure a ‘secure by design’ approach.
Our cybersecurity & digital trust consulting services are focused on providing risk-based and strategic cybersecurity advice to organisations at every stage of their journey from strategy development through to implementation.
A robust cybersecurity system underpins stakeholder and shareholder confidence in the business, reduces the risk of reputational, financial and physical damage to the organisation and its assets.