Cyber security is no longer just about keeping systems and devices safe, it's also become central in enabling business to achieve their strategic objectives.
Paul Brucciani, Cyber Security Advisor at WithSecure™, has important information about helping organisations overcome challenging times, and shedding light on how the outcome-based security mindset can be a game changer.
He offers this Q&A format presentation on Outcome-based Security in Modern Business.
According to a study by Forrester, commissioned by WithSecure, 75% of organisations have placed cyber security on their priority list, influenced by a combination of global events, digital transformation and tightening regulations.
One way to get beyond this cycle is by embracing an outcome-based approach to security, which provides a clear direction for cyber security measures.
This emphasises the outcome of cyber strategies, rather than security activity itself.
With cyber security being a relatively young industry, it's a new concept in this field.
The idea is to seamlessly weave cyber security into the business fabric, positioning it as an enabler through which organisations can achieve their strategic objectives.
Companies are turning to an outcome-driven cyber security strategy to enhance business results, bolster resilience, and elevate productivity and competitiveness, all while safeguarding their operations.
It's a strategy that places the focus on tangible outcomes a strategy which not only helps in fending off unforeseen challenges but also positions cyber security as a catalyst for business growth.
Transitioning to an outcome-based security model is much like changing your navigation method from traditional maps to modern GPS. The starting point is to establish clear goals that resonate with business ambitions, such as enhancing risk management, optimising customer experience, or strengthening operational agility.
One useful approach here is the 'security canvas', mapping out key initiatives, resources, and costs, and balancing them against opportunities, risks, and business outcomes.
As Forrester outlines, outcome-based security is all about harnessing capabilities that help to achieve these set objectives.
Instead of seeing cyber security as a cost centre, businesses should recognise its potential as a key driver of growth, helping the organisation achieve key objectives such as securely rolling out new services or helping teams collaborate safely.
There's minimal margin for error in cyber risk management, and stakeholders - from boards and investors to customers - demand a crystal-clear view of a company's cyber security strategy.
Just over a third of businesses, 35%, find it challenging to hire skilled cyber security professionals without breaking the bank.
This has further hindered the synchronisation of cyber security efforts with broader business objectives.
37% of professionals have pointed out how this expanding digital territory makes even the most fundamental cyber security tasks challenging.
Organisations must adopt a well-structured cyber security roadmap, offering a bird's-eye view of their entire IT territory, pinpointing potential hazards, delivering business benefits, and enhancing operational efficiency.
Businesses that have a well-established security canvas will be better positioned to cope with radical uncertainty, while those still struggling to align business and security objectives will be more wrong-footed by the unexpected.
This Cyber News was published on www.cyberdefensemagazine.com. Publication date: Fri, 09 Feb 2024 14:13:03 +0000