Cyber Attacks Happen To Only Big Corporations? Think Again.

Cyber Attacks Happen To Only Big Corporations

As we become more and more connected via our range of mobile devices, the potential threat posed by cyber attacks has grown significantly. As a result, businesses, both large and small, are having to develop basic security practices to keep their businesses secure.

Why should small businesses care about developing a cybersecurity?

Over the last ten years our use of technology has changed significantly. Prior to this cybersecurity was not really an issue for most consumers; it was primarily the concern of dedicated IT security teams within larger organizations. This has now changed as technology has become part of our everyday lives wherever you are based on the globe.

As a result, cyber security now affects everyone from the Chief Executive Officers of a large corporate group, through to transportation, critical infrastructure, manufacturing groups. These companies are totally reliant on technology to run their businesses and have invested significant resources to improve their defense in depth. This also extends to government departments who have increasingly placed all of their key processes online to support greater efficiencies in delivery of services. These government agencies now have significant information and intelligence online which has to be protected. Furthermore, individual users now place significant amounts of personal data online including for social media purposes. Therefore, there is a growing acknowledgement that we need to develop greater security awareness to help businesses and individuals use the technology safely and to maintain trust in this digital age.

The rapidly changing cyber security environment

As we have already indicated, we are living in a rapidly changing world where the role of technology is playing an ever more important role in our everyday lives. Over the next 10 years this is only set to increase with the Internet of Thins (IOT), the Fourth Industrial Revolution and ever greater connectivity will inevitably mean more cyber attacks.

As a result, its imperative that we start to consider how we can prevent cyber attacks as even with automation, we will not be able to detect and respond to each and every event. Therefore, every organization will need to consider how they can prevent these types of incidents. This will require organizations to think about people, process and technologies with a view to improving their security posture. If organizations take the time to implement some preventative measures this can have significant benefits for the business and making it more resilient to potential cyber attacks.

How do organization improve their resilience to cyber attacks?

Thankfully, more and more businesses are beginning to realize that cyber security is not just an IT issue that is the responsibility of a small group of technical professionals. Rather, cyber security is now being viewed as a business risk and the responsibility of the senior management and board members. It is vital that the management of organizations, both large and small, understand that cyber security is their responsibility.

For small and medium business owners the challenges can seem overwhelming however by taking some basic steps they can help to enhance their resilience to potential cyber attacks. We have provided a range of resources for small businesses to help them take the necessary steps to help improve their security posture.
The role of different stakeholders in developing cyber resilience

Cybersecurity is the responsibility of every business and government. No one government entity has the solutions to the range of cyber attacks that we’re experiencing. As a result government and industry has collaborated to create a number of key cyber policies. For example, in the United States the National Institute of Standards and Technology has worked closely with a broad range of businesses to develop a Framework for Improving Critical Infrastructure Cybersecurity(NIST Framework). The Framework effectively divides cybersecurity into five buckets which allows organizations to consider it as a risk: identify, protect, detect, respond and recover. This collaborative approach to addressing the challenges posed by cybersecurity is crucial if we are to develop the necessary measures to keep our businesses and critical infrastructure secure.

Crucially, governments around the world have realized that they do not have the necessary resources and expertise to address this rapidly developing area and as a result they are actively looking to partner with industry to address the changing attack vectors. Furthermore, Governments are making a range of policy changes to promote the dissemination and voluntary sharing of information on cyber threats. The sharing of Threat Intelligence between companies and the public and private sectors is a good example as to how this pooling of knowledge is helping businesses to respond to the latest threats.