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Cyber threat attacks are unpredictable, but one can avoid them by taking the right measures like cyber resilience and transform the security and skill set of the organization by making it immune to such attacks.
FERMONT, CA: The usual assumption is that only small and medium-sized organizations are affected by cyber attacks, but in actuality, there are no exceptions. New types of threats are appearing daily, and the major ones comprise of ransomware, advanced persistent threats, watering hole attacks, malicious insiders, and file-less attacks.
After North America, the next highest count on cyber threats could be detected in the Asia Pacific region (APAC). In the last twelve months, cyber threats have lost data costing about 640,000 US dollars in the APAC and Japanese regions. Likewise, organizations that incorporate multiple data protection vendors tend to incur additional costs than those using single vendors.
Significant new risks are emerging because of the rise in digital transformation clubbed with the adoption of new technologies such as 5G, cloud, intelligent automation, and digital workplace solutions. Companies are making rapid technology changes without taking security implications into account. Customer expectations for continuous product updates result in providing inadequate time for testing vulnerabilities. Similarly, stakes remain higher for companies that depend entirely on digital platforms and data.
Around the world, 87 percent of workplace executives face issues with adopting digital skills. The modernized world cannot rely on multiple vendors for risk management, endpoint security, incident response, and threat intelligence. Therefore, a new approach is in need while the old one remains unsalable and unjustifiable.
Comprehensive frameworks that can be adopted to secure the entire organization’s data are cyber resilience strategies and its main component is cyber recovery. Critical data can be protected by storing it in an isolated environment, away from the attacker's surface. The four key pillars would be to modernize company designs, assess an in-depth risk maturity audit, learn best practices beforehand, and define the AS-IS to create an efficient roadmap toward security transformation.