Cybersecurity Is Critical, but Breaches Don't Have to Be Disasters
Marcel Velica
Senior Security Program Manager | Leading Cybersecurity Initiatives | Driving Strategic Security Solutions | Cybersecurity Excellence | Cloud Security
These days, people are actively using the Internet, and thus, cyber threats are increasingly becoming the most critical issue in the world. This means that after enormous spending on measures to secure an organization's data, the opposite is experienced, where attackers implement the defenses.?
“The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” — Peter Drucker
The data show that IBM states in "Cost of a Data Breach Report 2024," that the global average cost of a breach is now $4.88 million. However, its serious consequences are not only in the financial plan – flexibility and capability to change are also under attack.
Shifting the Mindset: Breaches as Opportunities
The fact is that breaches are no longer theoretical events; they occur on a daily basis. Taken in combination with recent AI-based attacks, supply chain issues, and advanced social engineering, organizations can no longer deny that breaches are inevitable.
“In the middle of difficulty lies opportunity.” — Albert Einstein
According to the IBM report, 83% of organizations suffered multiple breaches last year. This fact clearly proves that conventional approaches to protecting information are no longer sustainable. While managers focus on preventing such cases, organizations should see each case as a development opportunity in their protection systems.
Turning Breaches Into Learning Opportunities:
However, I will show how one retail client I consulted demonstrates this change in thinking. First, the company focused on working in preventive and early detection mode, but after a couple of breaches, it changed its strategy. They both happened, making a learning point of encouragement rather than resulting in panic.?
This was made possible by a proactive approach to utilizing materials that would have adjusted the organization's security system in case of a next attack.
Strategies for Strengthening Defenses:
To successfully operate within the cybersecurity framework, organizations must begin the journey by changing their primary question from "How do we prevent breaches?" Then, there is the towering one: "How do you get stronger from breaches?"?
Here are 5 processes whereby organizations can take advantage of the course of the breach:
From Breach to Micro-Incident:?
Each break does not require a dramatic rupture. Companies can reduce and restore the impact quickly by preventing breaches from being regular, minor incidents. For example, a financial client cut its recovery time in half after the introduction of the self-isolating network that quarantined the threats on sight.
Stress Test Daily:?
Conducting breach simulations only once a year is no longer enough. Defenses are stress-tested daily, and many organizations incorporate mock attacks. This approach is similar to the chaos engineering concept—it allows for the discovery of vulnerabilities that hackers may exploit. One client's case revealed several weaknesses that had been missed in other, more conventional attack simulations.
Minimize Human Intervention:?
Speed is essential during the breach. Self-healing systems can employ Artificial Intelligence to internalize an infected system and start the repair process on its own. One e-commerce client of this technology has addressed the issue by reducing the recovery time in half:
?If the teams are more focused on solving problems as they were firefighting before, they can shift their efforts to proactive, strategic work with less hindrance.
Adaptive Defense:
Every time one is encountered, it becomes a chance to improve resilience against a similar threat. A financial client saved a feedback loop via AI for studying breaches so that machine learning models can alter defenses.
?The researchers from Gartner note that by 2026, 30% of enterprises will automate more than 50% of network actions, using AI for swift threat identification.
Collective Defense:?
Cyber threats are not combatted alone. For example, the healthcare consortium I am acquainted with has started exchanging threat intelligence in real-time with others, improving the speed of threat detection processes. Collaboration with ISACs can strengthen it. Industrial collaboration raises the defences of different industries by sharing information and data.
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Cybersecurity as a Competitive Advantage:
In today's world, being actionable and resilient is the new strategic edge. It is difficult, if not impossible, to deny intruders access to an organization's network; however, quick and efficient containment does make the difference.?
Hovering over this figure is that 87% of the consumers trust companies that show commitment in managing a breach, as postured by Accenture. Trust is not developed from a breach but from how respective organizations manage breaches.
“The greatest glory in living lies not in never falling, but in rising every time we fall.” — Nelson Mandela
Resilience helps in recovery and building customer loyalty in areas like finance, healthcare, and technology. This is why, as cyber threats move more and more into a global sphere, one shares the sentiment of needing to promptly and transparently address regulations such as GDPR in Europe.?
In the context of the Asia-Pacific region, new threats are emerging due to the fast advancement in digital transformation. Ideally, every business operation requires resilience, no matter the location.
Actionable Steps for CISOs:
In this article, Chief Information Security Officers (CISOs) are key figures for translating breaches into growth. Here are some techno states they will take.
Run Continuous Breach Simulations:?
Breach simulations should be a daily affair. Actors model the target to learn possible attacks before real attackers penetrate and launch the attack. A few organizations already apply chaos engineering concepts and perform controlled breach tests repeatedly.
“The only way to do great work is to love what you do.” — Steve Jobs
Adopt Self-Healing Systems:?
Use clever self-healing mechanisms that help reduce business downtime. These systems can also isolate the compromised systems as the business continues to run, sparing management time and focus for key projects.
“Innovation distinguishes between a leader and a follower.” — Steve Jobs
Leverage AI-Driven Threat Intelligence Sharing:?
Join ISACs affiliated with similar-minded peers to share intelligence. Threat data helps organizations deal with new threats as soon as they appear, allowing them to adjust their defense tactics.
“Alone we can do so little; together we can do so much.” — Helen Keller
Prepare for Quantum Computing:
Quantum computing is as promising as it is dangerous, and it has been identified that it can endanger current encryption systems. Business entities must research and find possible quantum resistance standards and be aware of new changes.?
“The future belongs to those who believe in the beauty of their dreams.” — Eleanor Roosevelt
This way. Businesses can improve their current security and show clients, investors, and employees what they do for the company's preparation for the change.
Leading with Resilience:
Cybersecurity may not just be about trying to stop the next hack but adapting to every attack. Those organizations for whom breaches were seen as breaches of a goldmine of opportunities will not just mean survival but success in the future.?
“Success is not final, failure is not fatal: It is the courage to continue that counts.” — Winston S. Churchill
When security is integrated as a distinct competence, strategies initially posed as defensive measures become competitive strengths. This formula is resilience-first, constant clearColor and adaptive defense.
Conclusion:
The supplied statistics about data breaches look rather shocking; on the other hand, the phenomenon in question is an excellent chance for organizations to reflect on their approaches to cybersecurity. Accepting risk as a means to learn from losses allows organizations to grow, thus enhancing their companies' image among clients through developing a more positive attitude towards future breaches. Transformation towards a safer future starts with the understanding that no loss is irreversible but is a step toward building even more resilience and creativity.
Compound Learning Expert | AI + Second Brain | Turning Knowledge into Power | Ex-Blinkist, Ex-Idealo, Ex-Zooplus
3 个月Great overview on how to leverage breaches to iron out systems. Thanks Marcel Velica
Disruptive Strategy, Statecraft, Leading Global Tech Influencer
3 个月After learning about a breach of 8 US telecoms by a foreign actor, your newsletter is most timely! Thank you so much Marcel Velica for sharing!
I help individuals make informed & strategic decisions in the financial market; impacting with charts. Market Analyst| Coach| Mentor| Thought leader| Futurist CFI: FMVA?| CMSA?| CBCA?| BIDA?| FTIP?| FPWMP?
3 个月This is insightful Marcel Velica Cybersecurity is indeed critical. ??
Leadership Coach → I help leaders grow their teams and scale their businesses
3 个月It's crucial for organizations to not only invest in technology and tools, but also in training their employees on best practices and the latest threats. Marcel Velica
I help organizations in finding solutions to current Culture, Processes, and Technology issues through Digital Transformation by transforming the business to become more Agile and centered on the Customer (data-driven)
3 个月Cybersecurity is no longer a static defense, Marcel Velica. The future of security lies in embracing breaches as opportunities for growth.