Hackers become more sophisticated to defenses

At most companies, boards and senior executives acknowledge the serious threats that cyberattacks pose to their business. What they are not sure of is how to create a strategy that helps them understand and address the threats, in all their forms, today and in the years ahead. And they’re asking for such a strategy every day. Hence, Information technology, cybersecurity, and risk professionals need to work together to protect their organizations from cyberthreats. During the global health crisis, lockdowns, Hackers used the pandemic as an opportunity to ramp up their operations and turn the crisis into a cybercriminal gold rush. With ransom demands shooting to astronomical heights and attacks striking across all sectors, it was inevitable that life-threatening situations would ensue – especially as hospitals were often among the ones affected.

Organizations handling end-user data should be investing more in cybersecurity solutions and practices that will enhance their security posture. In today’s digitalized world, protecting end-customer information is vital. Implementing technology solutions such as ZTNA, DLP, XDR and security posture management is key. Complementing these with employee education around data handling, vigilance, tight security controls, processes and audits would help create the desired culture. The need of the hour is, in case of a breach, organizations should be transparent, reach out to affected users directly and share the scope of the impact of the breach, what actions end users need to take to address the breach impact and what measures the organization has taken/is taking to address current and future incidents. Besides instilling confidence in their end customers for continued business engagement, it would also help restore the damaged trust.

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