En­ter­prise Strat­egy Group re­ports need for dig­i­tal risk man­age­ment

Kuwait Times - - TECHNOLOGY -

DUBAI: Dig­i­tal Shad­ows, the in­dus­try leader in dig­i­tal risk man­age­ment, re­cently un­veiled a new re­port called: ‘The Press­ing Need for Dig­i­tal Risk Man­age­ment’ from top an­a­lysts at the En­ter­prise Strat­egy Group (ESG) look­ing at the grow­ing im­por­tance and rates of adop­tion of Dig­i­tal Risk Man­age­ment in busi­ness to­day. The re­port rec­og­nizes that most CEOs and cor­po­rate boards no longer shy away from cy­ber­se­cu­rity strat­egy as they might have done even 5 years ago. Rather, pro­gres­sive ex­ec­u­tives now re­al­ize that cy­ber-risk equates to busi­ness risk and needs to be ad­dressed as part of their over­all busi­ness strat­egy.

Most ex­ec­u­tives no longer ac­cept “good enough” se­cu­rity, and are will­ing to in­vest in best prac­tices and lead­ing se­cu­rity de­fenses to pro­tect their or­ga­ni­za­tions. How­ever, many or­ga­ni­za­tions con­tinue to think of cy­ber-risk in terms of in­ter­nal net­work pen­e­tra­tion rather than as a more com­pre­hen­sive strat­egy that in­cludes all dig­i­tal as­sets-web­sites, so­cial net­works, VIP and third-party part­ner ex­po­sure, etc. To ad­dress th­ese risks, the re­port sug­gests CISOs and risk of­fi­cers must adopt a thor­ough dig­i­tal risk man­age­ment strat­egy that in­cludes mon­i­tor­ing, fil­ter­ing, pri­or­i­tiz­ing, and re­spond­ing to threats across the pub­lic In­ter­net and dark web.

Jon Olt­sik, Se­nior Prin­ci­pal An­a­lyst at ESG who wrote the re­port, said: “Many ex­ec­u­tives are be­gin­ning to re­al­ize they need to take a dif­fer­ent stance on cy­ber se­cu­rity. It is no longer a case of just spend­ing dol­lars on perime­ter-fo­cused cy­ber­se­cu­rity but they need to move to a more holis­tic dig­i­tal risk strat­egy de­signed to an­a­lyze threat in­tel­li­gence, mon­i­tor deep web ac­tiv­i­ties, track the post­ing of sen­si­tive data, and over­see third par­ties.”

“We know that a strong and re­silient strate­gic dig­i­tal risk man­age­ment strat­egy should in­clude poli­cies and mon­i­tor­ing for tar­geted cy­ber threats; In­fra­struc­ture ex­po­sure, data loss; brand and VIP ex­po­sure, phys­i­cal threats and third party risks to be truly ef­fec­tive,” said Alas­tair Pater­son, CEO and Co-Founder of Dig­i­tal Shad­ows. “Dig­i­tal Risk Man­age­ment, which com­bines au­to­ma­tion and hu­man an­a­lyt­ics, is be­com­ing the crit­i­cal com­po­nent in your cy­ber se­cu­rity arse­nal.”

Alas­tair Pater­son

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