Along with embracing digital technologies comes the cybersecurity risks concerns. What do these risks mean? Read this post to find out.
What Are Cybersecurity Risks?
These risks refer to the probability of exposure or loss due to cyber attacks or data breaches. Or we can say that it’s a potential loss or harm concerning technical infrastructure. As well as the use of technology or the organization’s reputation.
Organizations and companies today are getting more vulnerable to cyber-attacks. Why? That’s because of the increasing reliance on computers, networks, and programs. And it is on a global scale.
Additionally, cyber-attacks from outside the organization increases due to global connectivity. Even the use of cloud services with poor default security parameters means more risks.
So the organization’s reliance on traditional IT professionals and security controls for information security is no longer sufficient. They need threat intelligence tools. As well as more security programs.
Moreover, today’s organizations need to make risk assessments concerning third-party vendors. They also need to have a risk mitigation strategy as well as a cyber incident response plan.
The Common Cybersecurity Risks And Threats
Cybersecurity is vital to all systems supporting the organization’s business operations and objectives. Because of that, organizations usually design and implement cybersecurity controls. These will ensure to protect the integrity and confidentiality. As well as the availability of information assets.
There are 6 common sources of cyber threats. These are the following:
- The insiders and service providers
- Standard products and services developers, and
- Cloud services’ poor configuration
Also, think of the following list as the cybercriminals’ potential targets:
- The customer and employee data
- The intellectual property
- Third and fourth-party vendors
- The product quality and safety
- Contract terms and pricing
Top Cybersecurity Risks From Recent Years
According to reports, 31% of organizations at some point have encountered cyberattacks on their technology operations. Additionally, some of them even appear in news headlines. And that’s because of their intensity and volume of attacks.
So, the list mentioned above, you should watch out for the following risks and threats:
- The API or Insecure Application User Interface
- The use of IoT or Internet of Things, and
How CISOs Take Charge
Chief Information Security Officers (CISOs) are directly responsible. They ensure that information asset, as well as customer data, is protected enough.
So what are the defense activities that a CISO will do to protect the organization’s assets against cybersecurity risks?
Well a CISO should do the following:
- Maintain a secure device configuration. It’s also important to keep up-to-date software and vulnerability patches.
- Deploy intrusion detection systems as well as penetration testings.
- Configure secure networks that can manage and protect business networks.
- Encryption of data where necessary.
- He also does the proper configuration of cloud services.
- He should implement vulnerability management along with internal and third-party scans.
- CISO also does the recruitment and retention of cybersecurity professionals.
With that being said, it’s clear that every CISO understands well their roles in managing cybersecurity risks.
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