Today’s security executives are under increasing pressure to keep sensitive data, networks and systems safe from ever-evolving, ever-increasing threats. It’s no surprise that CIOs and CISOs are in the hot seat when it comes to cyber security incident response, and their roles are changing along with the new challenges they face on an almost daily basis. And despite drastic differences in terms of size, industry and even geographical location, there are certain consistencies that are present across most C-suite security professionals the world over.
The seemingly endless stream of news reports about successful cyber-attacks on large corporations and high-profile organizations combined with the subsequent backlash that follows – both financial and in terms of reputation – is certainly something that keeps security executives up at night. What once was of significant concern only for certain sectors, such as finance, is now something that leaders across all industries are beginning to take more seriously. Beyond the monetary impact, the underlying sensitivity centers primarily on loss of productivity and brand reputational damage.
Greater Risk = Greater Investment
Another hot topic behind closed doors of the C-suite is that of investment. Obviously, with the increased risk and greater awareness of sophisticated, complex and persistent threats, there is a much greater need for a strong cyber security incident response strategy. More and more security professionals are recognizing that traditional security methods are no longer adequate against today’s cyber-attacks. Furthermore, the focus is shifting from reaction and remediation to prevention. Still, a good number of executive remain unaware of the actual time and money being invested into security within their firms. As the landscape continues to change and evolve, however, this trend will likely also shift to reflect that.
The Rise of Ransomware
Not surprisingly, security practitioners at the executive level are working hard to remain abreast of the latest in cyber-threat news. With malicious programs like ransomware on the rise and cyber criminals developing new and improved ways to expose and exploit vulnerabilities, IT leaders have no choice but to re-examine their cyber security incident response plans to ensure that they are strong enough to withstand the variety of incoming threats they face.
Perhaps somewhat alarming, a recent study found that the vast majority of security executives who have not yet been targeted by a ransomware attack insist that they wouldn’t pay the ransom, yet nearly half of those who have been targeted actually did end up ponying up the demanded fee. This can be avoided by investing in an incident response strategy that features automation as the first line of defense, thereby providing the added protection of instant identification and isolation of the threat before it has a chance to wreak havoc.
Other areas of concern among C-suite security executives include the growing risks associated with increased adoption of the IoT, the need for greater awareness over security spending and the importance of leveraging automation as part of a comprehensive and heavily fortified cyber security incident response plan. Those interested in the latter can experience it for themselves with a free 30 day trial by clicking here.