Security threats are inherent to our digital world and are constantly increasing as technology evolves. Security and privacy related regulations became more strict, raising awareness of senior management and introducing risk of high fines. In addition, many times, your prospect customers and partners will be checking out your security practices when they consider working with you and security related incidents pose a substantial reputational risk.
Effective cybersecurity solutions are designed to protect against unknown risks, to outsmart the sophisticated attackers. In addition, there is no silver bullet; cyber security is a bespoke service, tailored to the specifics of the company and combine multiple layers of solutions, which should perform seamlessly. Professional cybersecurity requires skillful security personnel who understand technologies, business processes, and the specifics of the relevant industry.
Cybersecurity is characterised with high uncertainty and numerous unknown unknowns. It is challenging to define KPIs for cyber security and even harder to quantity a company’s security posture. Many times visibility from within the company is lacking and the company does not have tools nor procedures, which are designed to identify risks.
Achieving 100% security practically means shutting down the business. When defining your cyber security needs, your company should strive to be as secured as its peers in its industry, taking into consideration cost effectivity ,return on security investment, and balancing against contrasting business concerns.