Business resilience remains a critical theme in 2021 as organisations continue to adapt to an uncertain business environment. The risk teams that support CFOs and boards understand the significant threats out there. An intrusion or data leak costs far more to recover from than to defend against in the first place. The constant stream of news about security breaches and regulatory fines helps drive that message home. Also don’t underestimate the costs of reputational damage of breaches, regulatory fines and business downtime. Eamon Hynes (CTO, AMCS) explores safeguarding your business continuity through cyber security.
Security threats are growing
The past year has proven to be a challenging time for many organisations, having to extend their infrastructure to support remote working and to open multiple channels to engage and service their clients and business partners. Many of these innovations can present inherent security risks as businesses are forced to quickly adapt their IT infrastructure to adjust to new challenges.
To secure their environments, organisations must develop new digital capabilities and break down data silos. Data and information are the lifeblood of the transformation, but they also increasingly attract cybercriminal activity. Traditional security approaches have failed us. A hardened perimeter (privileged corporate network) is, at best, a psychological security blanket, but it won’t hold. Siloed on-premises tools and datasets hinder visibility, correlation, and automation. Paradoxically, adding more tools typically makes you less secure due to compatibility issues and assumptions about your coverage.
On top of all of this—and perhaps because of it—the cost and number of breaches increase every year. As governments try to keep up, regulatory rules are constantly changing, and the cost of compliance increases as well. Over 1,000 regulatory bodies around the world release an average of 217 updates per day – keeping up isn’t easy! Since you can’t be compliant without first being secure, everything starts with security.
Welcome to the security race
Organisations find themselves responsible for protecting an overlapping web of technologies, many of which they may not own or manage outright. With so many devices, different user groups, and so much corporate data, traditional perimeter-based security models simply can’t keep up with the sophistication of today’s threats. Neither can the traditional models provide the visibility and controls they need to secure today’s highly distributed and hyper-mobile environment. We can no longer believe everything behind the corporate firewall will be safe.
In the waste and recycling industry we have our central ERP system, equipped our trucks and drivers with mobile devices, leverage more and more IoT sensors, and interface with other systems like weighbridges. On top of this we have many of our employees working from home due to Covid regulations, and we wish to enable subcontractors to interface with our systems. The number of nodes are growing and every node in the system is adding an extra risk and increases vulnerability. Systems and devices needs continuous updating, patching. Our dependency on technology will only grow as we invest more in automating our processes. Think of self-service solutions, robotics, integration of camera feeds, cognitive services and more.
We need a security model that better adapts to the reality of the world we live in.
Your world today is challenging. Sophisticated attacks, a shortage of security professionals, and working with multiple vendors is the tough reality.
Attacks can come from anywhere, across any part of your organisation. They are hard to find and difficult to fix. Siloed legacy tools work against you when you’re quickly trying to find threats. An endless list of alerts from a multitude of security point products make it difficult for your defenders to effectively link all of these moving parts at speed to contain a threat.
To meet these challenges, you need access to intelligent, automated, integrated security to close gaps in prevention, detection, and response across end users, infrastructure, and cloud platforms. You need to free up your IT resources time to focus on keeping your organisation safe.
Software as a service (or SaaS) offers many technical and business benefits and the Cloud platform provides a world class service supporting greater business resilience in areas such security, agility, scalability, business continuity and performance management.
Start planning now
With the world slowly opening after the pandemic we expect Cyber security to become a top priority for most companies. It is time to start working on your security plan to mitigate the security risks. Work with your technology providers to ensure that all your systems are protected. Don’t become this headline in the newspaper about yet another victim of a security breach.
Watch the cyber security webinar here with speakers from AMCS and Microsoft that address questions such as what is the level of risk exposure of a conventional on-premise application, why are cloud solutions inherently more secure in protecting against evolving cyber-attacks and why should you consider investment in an SAAS based Platform now to protect your business. You can find out more information here.