CYBER SECURITY: HOW WE WORK
At dig8ital we work with executives, senior leaders and their teams across a diverse range of industries including financial services, telecommunications, pharmaceutical, healthcare, education, retail, utilities, membership organizations, government and not-for profit.
Typically our discussion begins with executives, including but not limited to CIOs, CISOs or CROs, or Heads of Business, who have with a clear mandate for business change and who need a more adaptive, thorough, and collaborative approach to digital and cyber risk.
OUR GUIDING PRINCIPLES
PRIORITIZE CRITICAL ASSETS AND RISKS
SEEK OUT AND MITIGATE CYBER RISK ON MANY LEVELS
IMPROVE CONTROLS AND PROCESSES
EMBRACE ARTIFICIAL INTELLIGENCE AND AUTOMATION
Cyber security risks are growing in complexity and volume. The cyber security threats facing public- and private-sector organizations require that they be secure, vigilant, and resilient, and the only way to do that is to become more efficient. It still takes many organisations an average of 200 days to identify a breach, but for businesses to be resilient, 200 days later may be too late, and artificial intelligence (AI) and automation hold the key to being able to identify breaches the day they happen.
Organisations cannot simply rely on human interaction to fight off cyber attacks, and because cyber security today is largely labour-constrained, it is ripe with opportunities for automation using AI techniques. AI can not only help businesses track and fight cyber security risks in real time, but also address the cyber workforce shortage. Ultimately, a strategic approach should be taken to integrate AI and cognitive technologies and reallocate cyber talent.
ESTABLISH A COMPREHENSIVE, COLLABORATIVE GOVERNANCE STRUCTURE
DEVELOP A STRONG CYBER RISK CULTURE
Creating a culture of cybersecurity and building a cyber-savvy workforce is of key importance to effectively manage the people, capital and technology risks across every organization. According to research conducted by Willis Towers Watson, employee negligence or malicious acts account for two-thirds of cyber breaches; in contrast only 18% are directly driven by an external threat.
For example, the recent high profile WannaCry attack served as a strong reminder that employees are the weakest link in an organization’s cybersecurity strategy and the strongest defence. The attack affected more than 230,000 computers and compromised the systems of some banks. Ultimately, it was enabled by employees clicking infected phishing emails.
Cyber risk is much more than a pure technology issue and there is a growing realisation that building effective cyber resilience must have its roots within the organisation – its people and culture. We can help you with the solutions to develop a strong cyber risk culture. Often these are complex and multidimensional, as is always the case for any kind of cultural change.
ADAPT, ADAPT! FAST, FASTER!!
Sooner or later, every organisation will be affected by a cyber attack. A company’s organization, processes, IT, OT, and products need to be reviewed and adjusted as cyber threats evolve. In particular, companies must fine-tune business-continuity and crisis management structures and processes to meet changes in the threat level.
When we work with organizations to incorporate these principles into their cyber security strategy and program they tend to be much more resilient to most attacks than their peers. Just refocusing investment on truly critical assets can save up to 20 percent of cyber security cost. In our experience, up to 50 percent of a company’s systems are not critical from a cyber security perspective.
- Transformation and Change – our unique capabilities help our customers to envision their digital target, practically support cyber security transformation and shape their path to execution. This results in sustainable digital transformation and change. One of our strongest selling points is our ability to understand both business and IT. Read more
- Cyber Security– we deliver comprehensive cyber security strategies and respective organizational and architecture solutions. Read more
- Cyber Risk Management – we help financial and non-financial institutions with complex cyber risk modeling and compliance services.
- Agile / Dev Sec Ops – we change enterprise ways of working and operating models by infusing Agile catalysts, DevSecOps experts, SSDLC automation and governance.
- Modern Security Architecture – we help our customers design and migrate to next generation security architectures and modernize their legacy platforms and systems.
If you would like more information on our approach and how we can help your organization, please get in contact with us today.