Cyber security is facing tremendous challenge and leaders are under tremendous pressure to ensure that threat actor’s remain at bay. Cyber security leaders must take stronger and more strategic leadership roles within their businesses during the crisis to ensure effective business continuity. Cyber security leaders are taking more effective path or are forced to adapt new working modules by covid-19, which changing the scenario like work from home.
Work from home (WFH) is exponentially seeing greater use of cloud services. Companies are working maintaining social distancing as well as business continuity. This again bringing in increased cyber security threats, because of dependency on personal devices and home networks. Cyber criminals are targeting home Wi-fi networks, phishing attacks are increasing and continuous security breach is happening. Critical business assets and functions are significantly being exposed increasing opportunistic and targeted cyber-attacks by criminal organizations to exploit vulnerabilities and plant seeds for future attacks.
Ten Most Worrisome Risk of Companies Pointed by World Economic Forum
The World Economic Forum’s new report, Cybersecurity Leadership Principles: Lessons Learnt During the COVID-19 Pandemic to Prepare for the New Normal, aims to guide cybersecurity and business leaders as they shape a responsible course of action that balances short-term goals against medium- to longer-term imperatives. The proposals are to:
- Foster a culture of cyber resilience
- Focus on protecting the organization’s critical assets and services
- Balance risk-informed decisions during the crisis and beyond
- Update and practice the organization’s response and business continuity plans as business transitions to the “new normal”
- Strengthen ecosystem-wide collaboration
The role of the CISO is to support the mission of the organization by ensuring that cyber risks are managed at a level acceptable to the organization. No organization today can expect the CISO to achieve faultless security in the current context. Effective cyber-risk management can, however, help businesses achieve smarter and faster transformation, and stay ahead in these uncertain times. The end goal is resilience.
The COVID-19 crisis has generated unprecedented challenges for organizations, forcing everyone to juggle professional responsibilities with important personal ones. The coming weeks and months are likely to bring more uncertainty. By adhering to these cybersecurity principles, CISOs can better uphold their organization’s security and maintain business continuity while also meeting their obligations to their business stakeholders.
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