To build Cybersecurity into every product and system, C-suite members should gain a better understanding of the cyber-risks to which their organizations are exposed.
There needs to be an improvement in the communication and translation of cybersecurity issues between practitioners and leadership. Organizations need to watch out for some of the top cybersecurity challenges to create a protected digital world.
- Delay in addressing cyber attacks
To play catch with the ever-growing digital world, security professionals have to constantly address threats and security weaknesses. An effective cybersecurity strategy depends on the time companies take to address a cyber-attack. As cybercriminals take advantage of the long lag times, companies need to share threat information in real-time. Organizations should keep their cybersecurity systems up to date with the increasing speed and volume of internet traffic. Private or public companies can’t have a complete view of the entire cyber landscape. Senior leadership must insist organizations share information to put the pieces of the puzzle together.
- Deeper collaboration to enhance cybersecurity
In order to be effective, cybersecurity measures must be widely collaborative. If enterprises do not learn from one another, similar types of cyber-attacks will take down more companies. Tech leaders need to collaborate with their counterparts and include them in a broader conversation about cybersecurity. They need to create knowledge repositories regarding cyber threats and collaborate with other tech companies on education. As per the 2020 Official Annual Cybercrime Report by Cybersecurity Ventures, the estimated cost of damage caused by hackers, malware, and data breaches is projected to reach $6 trillion by 2021.
As more and more tech leaders discuss the importance of cybersecurity and its fundamental role, it will help educate future generations of cybersecurity. The latest report revealed that over 92% of malware is delivered via email. Right awareness campaigns and due diligence could eliminate more than 90% of malware by teaching new skills that overcome ingrained behaviors.
- Integrated cybersecurity is essential
A common vision for integrated cybersecurity that is based on defined principles is critical. It needs to be comprehensive and inclusive, anticipating the next actions of cybercriminals instead of only reacting to them. Tech leaders should have a common vision and look at how best to address the technical challenges of effective cybersecurity, including the skills. Cybersecurity education and training should be part of everyone’s educational development.
- Focus on stronger computing power
Strong computer power is essential to implement cybersecurity measures for companies. In 2020 and beyond, most devices and infrastructure should have much stronger computing power. Furthermore, the cybersecurity capabilities inside the devices must fit into an integrated platform that distributes workloads over the layers of a system. With increasing deployment of 5G networks, the ability to offer security across the network with low latency is a vital functionality that organizations are seeking.
There needs to be more widely accepted standards and protocols and public discussion about the topic to encourage trust.