Risk Management within Companies

Risk Management within Companies

Current and incoming challenges of cybersecurity require that companies prioritize, in an adequate manner, the accurate risk management in critical processes of business.

Quantifying the impact that cyberattacks may have on companies is more than ever necessary, as well as having accurate information, in a timely manner, to take decisions according to business standards in order to mitigate said threats.

Cybersecurity risks not only have a direct impact on companies’ economy, they also affect companies’ growth strategies, projections, products, supply of goods, their flow of incomes, operations and, above all, customers’ experience on services or products offered.

One technological trends of 2018 that will be of great importance in coming years, according to a Gartner study, is the development of trustworthy models, able to be adapted to new risks, in order to create an adequate dynamic cybersecurity context, that can be constantly reviewed in real time and able to be adjusted to any new risk or threat.

Risk management metrics in cybersecurity must take into consideration, not only technological aspects, but also main impact criteria on the business and impact on associated services offered to clients. The definition thereof implies a correct understanding of the business to be able to represent some of the following criteria:

  • Quantification of intellectual property theft
  • Decrease in employees’ productivity
  • Frequency of vulnerabilities in critical business infrastructures
  • Staff turnover
  • Downtime of critical business systems
  • Loss in market share in vertical services
  • Decrease in prices of shares
  • Among others

In the same way, the main challenges faced by IT teams for an adequate management of cybersecurity risks are the following:

  • Limited staff specializing in cybersecurity
  • Lack of resources to manage potential vulnerabilities
  • Proliferation of IoT devices within the workplaces
  • Complex IT infrastructures
  • Lack of control on third parties’ access to confidential information belonging to the organizations.
  • Reliance on manual processes to react to possible accidents.
  • Low visibility of the attack surface in within data center and cloud infrastructure environments.

Cybersecurity risks have evolved, and the number of companies that have been affected is constantly increasing. The shortage of qualified cybersecurity personnel affects the ability to timely mitigate and contain advanced threats, which may already be present in a company and go unnoticed because the company does not have the knowledge or the appropriate technological tools to detect such threats.

An important factor of great value in these new areas of cybersecurity, is the one related to the intelligence of threats with controls that adapt to security contexts and positions through very advanced technologies that include artificial intelligence mechanisms. Artificial intelligence allows to cover patterns of visibility of risks beyond the control of the organizations, directly supporting the identification of threats in advance, in order to create targeted action plans and reduce potential impacts. Such threat intelligence practices directly support critical processes of a company in this new digital era to streamline and support their new business models

Ikusi’s cybersecurity solutions and services offer adequate comprehensive IT infrastructure protection, as well as the industrial environments that accompany the new era of the Internet of Things (IoT), supporting the main processes of organizations, achieving risk reduction and operational complexity to turn our offer into a business enabler.