This article was first published in Society Matters magazine.
At this year's Building Societies Conference, I spoke about emerging threats and how to combat them. Cybersecurity events have skyrocketed in recent years, both as organisations have slowly deployed new digital technologies across their businesses and as companies have transitioned to hybrid work models following the pandemic.
Emerging digital workplaces opened attack vectors that hackers have exploited, making a robust cybersecurity program essential. A cybersecurity program makes organisations more resilient, enabling you to protect your reputation, conduct proper risk assessment and ensure regulatory compliance.
A cybersecurity program combines security controls, procedures, teams and remedial plans to reduce cybersecurity risk and recover data following an attack.
There are numerous ways to create an effective cybersecurity program, and security controls should address specific requirements of the organisation, but there are some essential elements:
Business and data recovery plan
Organisations require plans to recover data and ensure business operations quickly return to normal. Organisations should keep regular data backups — preferably stored off-site — to mitigate data loss from an attack.
People are an organisation’s most important asset but pose a cybersecurity risk, as hackers often exploit mistakes to penetrate systems. Ongoing training sessions with employees on best practices ensure they are doing everything possible to protect account information.
Relevant performance metrics
It is important there are procedures to measure the impact and success of the cybersecurity program. Track metrics like mean time to detect (MTTD), intrusion attempts and mean time to contain (MTTC) to quantify performance.
Organisations need to stay abreast of emerging threats and constantly test their own security systems to better understand where new vulnerabilities exist.
Here are the basic steps to craft a cybersecurity program:
For more information: Visit www.alertlogic.com to learn more.
The views, opinions and positions expressed within guest blogs are those of the authors and do not necessarily represent those of the BSA.