In today’s digital economy, cybersecurity is top of mind for C-level executives. In the current climate of innovation and increasing vulnerability, today’s business leaders can’t afford to ignore the information security and privacy threats that face their organizations. According the “2015 U.S. State of Cybercrime Survey” from PwC and CSO, this has been a watershed year for cybercrime – 79% of organizations reported that they have detected a security incident in the past 12 months.
This increased rate of attacks is happening in parallel with the fast pace of changing technology. Gartner, a leading information technology research and advisory company, predicts that by 2020, there will be as many as 25 billion Internet-connected devices worldwide. This explosion of the “Internet of Things,” along with the adoption of cloud computing and the rate of technological innovation across industries like manufacturing, logistics, healthcare and energy call for the strengthening of our privacy and security efforts to protect susceptible data within our businesses. There are three ways that you can take charge and strengthen your business against cyber threats:
1. Know your vulnerabilities: Companies that have the strongest cybersecurity protections in place know the answer to the simple question, “where is our most sensitive data located?” This data may range from their customers’ private information to intellectual property. The important thing is that the business leaders are keenly aware of their vulnerabilities and their overall strategies to protect the crucial data.
2. Regular testing: According to a recent information security survey by PWC, 100 percent of the companies defined as security leaders measure and review their security policies and procedures annually. These companies understand the dynamic nature of the cyber landscape and that criminals are agile and innovative. In order to truly put up a strong defense against cyber attacks, companies must be willing to iterate and adapt at the same speed as the threats they face.
3. Stay on top of emerging cybersecurity technologies: While cyber criminals are innovative, cyber defense entrepreneurs and technologists are, as well. The emerging cybersecurity technology landscape is growing at a rapid pace to meet the needs of companies that are working to defend their valuable data from cyber threats. Companies like ThetaRay, NexDefense, Pindrop Security and Bastille Networks are among an emerging group of innovators that will define the cybersecurity landscape in the coming years.