Securing proprietary information, or trade secrets, and other critical business assets is more and more difficult, as organizations keep on changing the way they interact with internal and external stakeholders.
Meeting regulatory requirements, too, becomes more complex.
For example, when the EU General Data Protection Regulation shall apply from May 2018, organizations risk more than ever if they fail to invest in their cyber security control and preventive measures.
Since organizations are increasingly the target of cyber attacks and subject to demanding regulatory mandates, below you will find an introduction on how to establish effective controls around sensitive assets, and balance risk reduction while, at the same time, pursue productivity, business growth, and cost-optimization objectives.
5 Ways Organizations Will Reduce Cyber Risk in the Digital Age
Protecting trade secrets
1. Infrastructure protection
Potential infrastructure vulnerabilities are addressed by improving network strategy and implementation, cloud security, and instituting anti-DDoS Attack protection.
2. Vulnerability management
Potential security risks are identified through testing and the use of vulnerability management tools.
3. Application protection
Key applications are kept protected and up-to-date through routine testing and management, including enterprise application security, source code review, and source by design: secure SDLC protocols.
4. Identity and Access Management
Identity and access management solutions allow authorized users and customers to access an organization’s infrastructure and data and help enhance the security of online transactions while minimizing friction in the user experience.
5. Information Privacy and Protection
Valuable personal, user, and customer data are kept private by adopting industry-leading holistic and integrated data solutions. Unauthorized access to confidential corporate, user, and customer data is prevented to avoid expensive legal, financial, reputation, and regulatory issues.
European Commission. 2018 reform of EU data protection rules.
MacDonnell, U. (2014). Cyber Threat!: How to Manage the Growing Risk of Cyber Attacks. Hoboken: Wiley Corporate F&A.