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How Industry Leaders Are Tackling Cyber Security Head-on

Cyber security essentials in the modern world

14Sep

Cyber attacks have become all too commonplace in the world of business, with roughly half of surveyed businesses reporting at least one cyber attack in the past 12 months. As more and more business leaders find their operations fully integrated with the online world, more and more problems present themselves.

In order to balance security, ease of access and consumer demands, certain actions and measures must be considered. Depending on the particular industry or niche, some customized cyber security protections may be justified. Here are a few of the steps various industry leaders have taken and are advocating others to embrace.

Incentivize Cyber Security Training

In a recent interview with The Telegraph, the Executive Partner with IBM Security, Greg Davis, alluded to a growing problem: the lack of qualified cyber security analysts. Ultimately, he mentioned the statistic that more than one million unfilled cyber security positions globally will exist in just a few years, meaning that businesses late to the game may find it difficult to procure needed services.

Instead of waiting until it is too late, businesses should be considering how to incentivize cyber security training in-house to cultivate the next generation of talent. From paying the tuitions of current employees who pursue careers in cyber security to providing salaries above and beyond the industry average, companies should be striving to gobble up as much cyber security personnel as they can afford to employ right now.

Proactive Over Preventive

In many respects, the cyber security game plan for most businesses has revolved around preventative measures. In short, businesses seek to minimize the likelihood that hackers or other unwanted elements can access data or affect processes in the first place. This, however, may be misguided as a long-term plan.

Gartner's latest report indicates that ideally, businesses should move toward a model of detection and interception – coupled with measures to isolate the problem as it unfolds – rather than trying to prevent the problem in the first place. While it may seem counterintuitive, the primary reason behind this is that vulnerabilities and backdoor access possibilities are always available. Businesses that can intercept any breaches in real time, however, stand a better chance of stopping damage.

Backups Are Crucial

Aaron Warner, founder of ProCircular, a cyber security company, recommends that data backups may be the biggest single guarantee a company has against cyber attacks of the future. As more and more attacks center around 'hostage-taking' via ransomware, preparing for this eventuality is key.

When a business has fully backed up its data and is not at-risk of losing anything, the threat of ransomware is virtually non-existent. After WannaCry and other massive ransomware attacks, it only makes sense for businesses to tackle the issue of data storage and backup before they too fall victim.

Ultimately, businesses large and small across all industries rely on the internet to varying degrees. As this interconnectedness continues to grow, more vulnerabilities will naturally occur. For business leaders, it is imperative that they seek out and recruit qualified cyber security talent, ensure all data is backed up and safe, and employ measures that seek to stop attacks as they're occurring (rather than solely attempting to prevent them). These solutions, when taken seriously, can dramatically reduce both the likelihood and the severity of any cyber warfare attempts aimed at businesses.

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