2020 Cyber security guidelines for
08 October 2019
Cyber attacks arguably pose the single biggest modern threat to businesses. The number of cyber attacks, their level of sophistication, and the financial and reputational impact they have all continue to increase at an alarming rate. The research firm Cyber security Ventures predicts that cybercrime will cost $6 trillion globally by 2021. Inside actors, nation-state groups, and criminal organizations now often work together to deploy an ever-expanding array of social-engineered cyber attacks. Common tactics include: spear-phishing, business email compromises (BEC), ransomware, distributed denial-of-service (DDoS) and Trojan horse malware. The impact on both the public and private sectors is significant, creating unprecedented financial, operational and reputational risk factors for organizations worldwide.
These factors have helped the cyber security marketplace rapidly grow to a $100 billion industry. There is a wide offering of cyber security hardware, software and professional services in the market, often claiming to have the solution to many of your cyber security needs. Unfortunately, no single product or service can provide a magic solution to this multifaceted, ever-evolving, and highly complex set of global information security challenges.
Thus, many C-suite executives are trying to make the right investment decisions, but often they are not well informed regarding the cyber threats facing their organization and all the potential cyber liabilities. Rather than investing valuable resources in protecting specific types of high-value data, a threat-based approach to cyber security identifies the vulnerabilities that a cyber attack would likely try to exploit, and outlines measures to secure those vulnerabilities.
Learn more about the top ten cyber security challenges C-level executives are facing, and how a threat-based cyber security approach can combat cyber attacks and mitigate costly cyber data breaches in our latest insight.
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