The Importance of Cyber Security for Modern Day Society

 

Over the years, the term Cyber Security has gained much importance and become a common part of each one’s life who is associated with a computer or a smart phone device. When people submit their data online, it becomes vulnerable to cyber-attacks or cyber-crimes. The vast majority of vulnerabilities and attack vectors are due to escalated privilege attacks. Loss of data, DDOS, the man in the middle, clear text password violations are now better understood, but are still a major risk to organisations globally.

Cybersecurity should be a constant item on the agendas of CEOs and the boards.

Cybersecurity is now a business mission critical imperative traversing the entire organisational landscape

 

Management must engage in an ongoing dialogue to ensure their Cybersecurity Strategy continually evolves. KEY Questions organisations should be asking-

  • Who is responsible for developing and maintaining our cross-functional approach to Cybersecurity?  To what extent are business leaders (as opposed to IT or risk executives) owning this issue?

  • Which information assets are most critical and what is the “value at stake” in the event of a breach?  What promises—implicit or explicit—have we made to our customers and partners to protect their information?

  • What roles do Cybersecurity and trust play in our customer value proposition?  And, how do we take steps to keep data secure and support the end-to-end Customer Experience?

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Most large companies have significantly strengthened their Cybersecurity capabilities.  Formal processes have been implemented to identify and prioritize Cybersecurity risks and hundreds of millions of dollars have been invested to mitigate these risks. Despite this, Cybersecurity is a bigger issue now than ever. 

 

The BI Group have identified 4 trends contributing to the exacerbation of Cybersecurity

  1. Value continues to migrate online.  And digital data have become more pervasive.

  • Why are companies experiencing more online attacks per hour than they did just a few years ago?  Because online is where the money is at.  More online transactions create bigger incentives for cybercriminals.

  • Furthermore, companies looking to mine data create valuable intellectual property that is an attractive target (e.g. for corporate espionage).

  2. Corporations are expected to be more “open” than ever before.

  • Employees are demanding access to corporate networks through the same mobile devices they use in their personal lives.  While mobile devices increase connectivity, they also present new types of security threats.  If one device is hacked, this creates an entry point into the entire corporate network

 

  3.Supply chains are increasingly interconnected.

  • To optimize supply chains and get more connected with customers, companies are encouraging both suppliers and customers to join their networks.  This makes “walling” of a company’s technology very difficult.  Security is now at the mercy of the security protocols and policies of our partners and customers.  The whole network, in fact, is at risk from the weakest link

  4. Cybercriminals are becoming sophisticated.

  • Professional cybercrime organizations, political “hacktivists,” and state-sponsored intelligence groups have become more technologically advanced, in many cases outpacing the skills and resources of corporate security teams.  Hackers even provide “cybercrime-as-a-service,” receiving payment for each end user device they infect with malware.  Attacks have become more complex and more targeted.

 

The BI Group Cyber Security Value proposition for your organisation

BI is a Business and Technology Consulting firm with a well-established presence across Asia, Central Asia and Europe. BI partners with industry leaders and assists organisations drive digital transformation across the private, public, and social sectors.

  • Our model provides a realistic Cyber Security roadmap to tackle enterprise challenges, transform organisations, achieve the vision whilst optimising performance and productivity

  • We leverage our teams extensive experience in the full OSI Stack Cybersecurity end to end program delivery.

  • With a detailed service catalogue offering, from Cyber consultancy, program delivery, Cyber reviews, IAC (Information asset classification), ITSM set up, Security into the cloud services, SOC, SIEM, CERT reviews and ISO 2700X, 27017, NIST-800 reviews.

  • BI provides both On-Demand and Project Based Consultancy services to industries such as financial, insurance, telecommunications, consumer, luxury lifestyle, real estates, retail, travel, logistics and healthcare system services.

  • We provision SaaS, service-based approach, allowing companies to devise POC, and utilize a modular based approach.

  • NEXT Generation Private AI Blockchain integrating artificial intelligence with blockchain for enterprise solutions

  • Digital Transformation, Cyber Security, Fraud & Risk Management, Project Management Office (PMO), Process Re-Design, Agile Business Transformation and Human Capital Consulting.

  • Our diverse team of leading industry experts and consultants bring deep industry knowledge, functional expertise and processes in building capabilities that help organisations and people thrive.

  • Program end to end Cyber Security Transformation- Our team has real world experience in taking major organizations on the full transformation journey.

  • The BI Group Cyber baseline and assessment using our CSMS(Cyber Security Maturity Status), assessment, will guide your organisation through its Cyber journey.

  • CMMI, CSMS-Cyber security Assessment. With our CMMI based framework our Cyber experts are able to review and baseline the status of the Cyber organisational landscape.

 

The 1 to 5, baseline guide, consist of 33 key elements.

  • Encryption

  • Data Loss protection

  • Third party Risk Management

  • Cyber Culture

  • Data Privacy

  • Access Control

  • Cloud Security, (On prem, Private and Hybrid)

  • IAM

  • PAM

  • Cyber risk control

  • Cyber policies

  • Current and target operating model

  • SSDLC, Secure Software Development Life Cycle

  • Asset Management and control

  • Malware protection

  • End point protection

  • IAC, Information Asset Classification

  • PEN testing and baseline

  • Total thread landscape score

  • Business readiness and resilience

  • Third party Risk Management

  • System level security

  • Network Security (LAN, WAN , VPC).

  • WAF

  • Core Firewalls, (hardware and software based)

  • Patch Management

  • CMDB, Security of at rest data

  • Administration and BAU operations state

  • SOC

  • SIEM

  • CERT

  • ISMS (Information Security Management Systems)

  • GCR-Governance, Risk and Compliance

 

Areas which we can assist

  • AI Private BlockChain solutions for Financial, Ecommerce, Health, Insurance, Crypto Currencies, transactional secure systems.

  • AKafka Blockchain Implementation

  • Cyber Security Strategy

  • Cyber Security program Delivery

  • Cyber CMMI, CSMS, organisational baseline

  • Cyber Security Workshops

  • Third party Risk Management

  • ISMS-Information Security Management Systems

  • GRC-Governance Risk and Compliance

  • IAM-Identity Access Management

  • PAM-Privileged Access Management
    Fraud Analytics

  • CISA based audits

  • Enterprise Risk Management

  • Data Centre Transformation (Legacy to the cloud), with Caas(Cyber as a Service)

  • Could Transformation, with full Cyber Service stack

  • Digital Transformation, for the full OSI Stack)(each layer with Cyber based Caas(Cyber as a Service)

Is your organization ready for the transformation? Seek advice from our expert today.

Marek Boguszewicz

Marek Boguszewicz is a senior technology executive/adviser/speaker with over 30 years of experience in the Technology-Finance, Digital Transformation and Cyber Security, Risk Management Transformation within the financial/ insurance industry. He works closely with the C suite in providing sound advisory, implementation strategy, and workshops on technology, cybersecurity risk management, and digital transformation for blue chips companies. 

 

He has delivered programs globally which include London, Germany, Hong Kong, Japan, Australia, New Zealand, France, Greece, Austria, Spain, Belgium, Greater China, Korea, Taiwan, Laos, Sri Lanka, Indonesia, Malaysia, and Singapore.

​Marek formulated “Digital T Cyber-Security Risk” framework based on a CMMI, CSMS, SIX SIGMA principle-based framework. He has managed, GR, ISMS, IAM, PAN, DLP and encryption programs, toed into legacy digital transformation builds...

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