Month: April 2022

5 Industries that require Advanced Cyber Security Measures

Posted on by cyber-security-blog

In the modern world, it is impossible to live without being connected. The internet has become an integral part of our lives, and we rely on it for everything from entertainment to shopping. However, there is an increased risk of cyberattacks with the increase in the usage of internet-connected devices.

Therefore, cybersecurity has become an essential topic in the last few years. The risk of cyberattacks is ever-present, and businesses need to be aware of this risk and take necessary measures to prevent it.

Companies and organizations need to consider the consequences of a cyberattack on their business and take steps to minimize the risks. Industrial cybersecurity is a growing field due to the increasing number of attacks on industrial control systems.

Cybersecurity is vital for all industries as they are at risk of cyberattacks. Enterprises need to take measures such as implementing advanced cyber security and having a robust cybersecurity team to protect their data and customers. However, some specific industries need to take extraordinary measures to keep their business from cyberattacks. This article will discuss the top industries that need advanced Cybersecurity measures.

  1. Financial services

Finance is perhaps one of the essential areas where cybersecurity and privacy are critical to success. We need to see organizations take these risks seriously and invest in cybersecurity and identity solutions far into 2022.

Over 150 million Americans’ personal information was exposed due to the Equifax credit leak. Expect more assaults like these in the future, both against financial institutions and big government agencies that handle personal financial data.

  1. Healthcare

Healthcare is one of the areas where hackers may get access to some of the most sensitive information. Various studies have found that sick and elderly persons are more vulnerable to internet scams and crimes. Hackers aim to get access to patient’s personal information to exploit it to control them.

Healthcare data must be safeguarded using the most up-to-date cybersecurity techniques. Data must be kept on secure private servers that are only accessible to a limited number of people.

  1. Government

Government organizations and the military hold a variety of sensitive information, and are thus becoming increasingly vulnerable to cyberattacks. For example, consider organizations that handle and store social security numbers, financial data, addresses, and biometrics such as fingerprints.

These information points are not just susceptible but also attack pathways. Malicious hackers have more opportunities to access current systems or change various details if they have more knowledge.

  1. E-commerce

Over the years, online shopping has grown in popularity, but the COVID-19 pandemic has caused tremendous growth in the 2020s. This is excellent news for businesses since e-commerce can reach a far bigger audience than traditional retailers. However, these businesses need a high level of cybersecurity, as the popularity of online shopping has led to a huge increase in cybercrime, costing $1 trillion in 2020 alone.

  1. Manufacturing

The manufacturing industry is one such industry that is undergoing a lot of technological disruptions. The industry’s processes have been optimized by implementing Industry 4.0 technologies, such as Internet of Things (IoT) sensors, AI robotics, and factory management systems. However, the same technology has increased the vulnerability of manufacturing and warehouse networks to hackers and cyber-attacks.

Conclusion

Cybersecurity is a significant issue for all industries and companies. The risk of cyberattacks is high, and they can be costly to the business in the form of data breaches, ransomware and malware attacks, and more.

Therefore, today cybersecurity has become vital for all businesses–large or small and should always be on your radar, and it doesn’t matter if you’re in the finance industry or the manufacturing industry.

Top Priorities for CIOs in 2022

Posted on by cyber-security-blog

The COVID-19 pandemic brought many challenges to everyone, including technology leaders who had to restructure their operating environments in response to employees working in different ways. Companies have been under much pressure to run their businesses efficiently while also reorganizing their workplaces.

This has pushed the CIOs of the companies to drive transformation through digital dexterity in their companies to be prepared in advance and adjust to the changing working culture.

More than 50% of the companies aim to increase their IT spending in one year, according to Spiceworks Ziff Davis’ 2022 State of IT survey. And 60% of the CIOs consider technology empowerment, agility, collaboration, and resilience a priority for their company’s growth.

This article discusses the top three areas that will be CIOs’ top priorities in 2022.

  1. Increasing cybersecurity expertise

Businesses will focus more on governance, security, and compliance due to the emergence of cyberattacks, tougher data security rules, and higher exposure due to the remote workforce. Technologies will need to identify their areas of risk and have a focused approach to addressing those risks to protect their client’s data integrity. Procedures and policies will need to be reviewed and improved regularly.

CIOs have long placed security at the top of their priority list. We should expect the same thing in 2022 as we did during the pandemic, as the security risk to corporations has escalated, and most companies are adopting new cybersecurity measures in response.

2. Advanced cloud computing implementation

Cloud computing is becoming more valuable than ever as businesses transition to remote and hybrid work environments. It has expanded to every location thanks to specialized and purpose-built solutions.

The use of the cloud in company operations has improved business performance. However, it

must be incorporated as the center of innovation strategy to make a significant difference in an organization’s growth.

The cloud’s advantages, such as speed, flexibility, and cost-effectiveness, are critical for businesses to optimize their operations. This necessitates the CIO’s work to fully exploit the cloud’s potential and match software, infrastructure, and services to help businesses achieve their essential goals.

According to Gartner experts, by 2025, more than 85% of businesses will have embraced a cloud-first strategy and will be unable to execute their digital strategy without using cloud-native architectures and technologies.

3. Driving digital transformation

CIOs are expected to play a more prominent strategic role in spearheading the company’s digital transformation through digital dexterity.

Remote access to systems, real-time data, and the capacity to interact and exchange information from afar have all become essential. The pace of digital transformation has now fundamentally impacted the way firms positively do business, although it was unanticipated.

According to aMcKinsey survey, businesses report that their digital transformation has accelerated by seven years in the previous year as they change to meet the needs of employees, customers, and other stakeholders.

Conclusion

In today’s world, any company must have a solid technological foundation. CIOs now have the opportunity to be a pioneer in driving corporate performance and achieving goals thanks to this digital dexterity. The CIOs challenge will be to focus on putting technology at the forefront of business in the coming year.

In recent years, CIOs have had to stand up and help their firms reach new heights, and 2022 will be no different. They’ll have to juggle many challenges in terms of responsibility while still making sound business judgments.