Cybersecurity is an ever-evolving battlefield where the adage ‘It’s not a matter of if, but when’ resonates deeply for CISOs safeguarding their organizations. One thing I have learned during my career is that incidents will happen. It’s a harsh yet undeniable truth we, as cybersecurity leaders, confront throughout our careers.
As I’ve written before, it’s vital that cybersecurity leaders collaborate and unite for defense. That’s why Trellix’s recently released report “Mind of the CISO: Behind the Breach” is a must-read for anyone in this industry. The report surveys more than 500 global CISOs across major industries, seeking to understand the challenges they face after a major attack.
The report is packed with fascinating information, but one critical issue stands out: many CISOs lack the necessary support to create proactive defense strategies until after a breach occurs when much of the damage is irreversible. Let’s look behind the breach to uncover the challenges and learnings CISOs face in the aftermath of an incident to find a better path toward cyber resilience.
The CISO’s Role as Communicator
As CISOs, we must embed ourselves into the top-level organizational dialogue, not just as technical experts but also as chief communicators and educators, on the impact cyber risks such as ransomware have on the broader business landscape.
One of the most important things you can do as a CISO is have a conversation with your board to help business leaders understand the risks and the tradeoffs that are necessary to counter them.
One CISO from an Australian government agency highlighted a pivotal lesson, “The most crucial lesson was raising awareness at the board level… Unfortunately, it took an incident to spark that realization.”
Our findings underscore the urgency for transformative change and highlight the pivotal role of board support in steering away from the “wait-and-react” mindset. Post-attack, over 95% of CISOs received increased board support. This support translated into a 46% budget hike for new tools and technologies, with 41% implementing new security frameworks and standards.
Fighting Diverse Threats
CISOs face the challenge of combating increasingly sophisticated and diverse attacks. The “Mind of the CISO” report revealed that cybercriminals leverage a spectrum of avenues to infiltrate organizations.
Data theft attacks (48%), malware (43%), DDoS attacks (37%), credential stealing (37%), business email compromise (37%), and ransomware (37%) dominate the threat landscape, signaling that no single attack type is more prevalent than another.
A CISO from a US-based manufacturing company aptly said, “We need to be ever-vigilant, and no matter how secure we think we’ve gotten things, no matter how many tools we have in place, it’s a constant battle.”
This unpredictability emphasizes the need for a comprehensive, proactive defense strategy. Organizations must fortify defenses holistically, addressing every threat with equal gravity. Creating a dynamic defense system resilient against the entire spectrum of cyber threats supersedes predicting specific attacks.
Unveiling Concealed Costs
Our report exposed the hidden costs – stress, data loss, and reputational damage shaping CISOs’ post-breach cybersecurity strategies.
For 41% of CISOs, stressed and overworked Security Operations Centers (SOCs) result in heightened security risks due to reduced responsiveness, increased errors, and potential analyst burnout and turnover. While data loss, identified by 42% of CISOs, emerges as a significant cost because it disrupts business operations.
CISOs are stewards of an organization’s trust and security. Post-attack, 39% recognized reputational damage as a more substantial cost to the business. “Even if customers or business say, ‘It’s all fine, you handled it very, very well,’ in the back of their minds there are ways this… “How can we rely on this organization? What if it happens again?” shares a CISO of a UK Manufacturing company.
Understanding these nuanced costs highlights the necessity that we, as CISOs, engage in top-level discussions, as the costs transcend financial implications and significantly impact the business.
___
If this information is helpful to you read our blog for more interesting and useful content, tips, and guidelines on similar topics. Contact the team of COMPUTER 2000 Bulgaria now if you have a specific question. Our specialists will be assisting you with your query.
Content curated by the team of COMPUTER 2000 on the basis of news in reputable media and marketing materials provided by our partners, companies, and other vendors.
Follow us to learn more
CONTACT US
Let’s walk through the journey of digital transformation together.
