Intelligent CISO Issue 03 | Page 77

decrypting myths Expert from DataFort outlines five steps to take to prepare for a cyberbreach At a time when cloud computing, mobile usage and IoT implementations are on the rise, it’s important that organisations of all sizes know how to strengthen their security posture and be prepared for cyberattacks. Sachin Bhardwaj, an industry expert from DataFort, spoke to Intelligent CISO to offer his advice. Sachin Bhardwaj, an industry expert from DataFort www.intelligentciso.com | Issue 03 C loud computing, mobile usage and impending IoT implementations are all indicators of the higher risks involved in data breaches. Staying in a state of cybersecurity preparedness is crucial to any organisation that relies on data which is critical to their business. their cybersecurity posture, processes and procedures. This is true for organisations of all sizes, from governments to large enterprises as well as smaller companies. And this also cuts across the range of businesses from banking, healthcare, retail, transport, oil and gas, education, etc. Some of the basic aspects that need to be considered to ensure that organisations are prepared in the event of cyberattacks include: The Online Trust Alliance’s (OTA) 2017 Cyber Incident & Breach Trends Report indicates that the number of cyberincidents doubled from around 82,000 incidents in 2016 to nearly 160,000 in 2017. What it also indicates is that 93% of these occurrences could have been prevented. This brings to light the gravity of the situation where organisations must remain focused on Security comes at a cost. Be it hardware, software, constant upgrades, qualified staff etc, each of these elements must be given their due importance and should be considered to ensure a robust security system. While some organisations opt to invest internally, many organisations today are looking to outsource their security needs to third party providers. The threats are growing in frequency as well as in the level of complexity. It is evident that, to curb the intensity of cyberattacks, companies must remain in a state of readiness to tackle targeted attacks. In such an event, it is important that they respond effectively to curtail data as well as economic losses. Allocate proper budgets 77