Cyber attacks are like storms hitting the digital world, leaving companies to deal with the aftermath. Just like we prepare for severe weather, businesses are learning to brace themselves for when, not if, they will face a cyber threat. The story of Colonial Pipeline, which paid a huge ransom to hackers, shows that even big companies can be vulnerable. Their CEO said it was a decision no one wants to make, but it was vital to keep things running.
In recent years, paying off hackers has become an unfortunate trend, with payments reaching over a billion dollars. This is causing many business leaders to change how they think about cyber safety. Instead of just trying to keep attackers out, they are starting to focus on how to keep going even after an attack happens. Think of it as learning to bounce back quickly instead of just trying to avoid falling.
Experts suggest that being ready for a cyber storm isn’t just about following rules set by others. It’s about really making sure your company can quickly recover from any hit it takes. But, there’s still a gap. Some industries, like finance, feel more ready to defend themselves, while others, like manufacturing and retail, seem less certain.
The tech bit of companies, especially the bits where they work with other companies’ tech, needs more guard rails. Just imagine if the pieces that make up your favorite apps were easily broken into by hackers – that could cause a big mess. When companies work with tech vendors, they should be very clear about keeping everything safe and being able to recover quickly if something goes wrong.
Meanwhile, artificial intelligence (AI) is adding a new twist. While AI can give hackers scary tools to use, it also can help the good guys spot and stop these threats. However, human smarts still beat AI when it comes to managing these risks.
Laws are changing too, with new rules in both the EU and the US pushing companies to be more open about their digital defense plans and how they respond to threats. It’s putting cyber safety in the spotlight, but just following the laws doesn’t make a company fully protected.
Finally, it’s not just about technology. Having the right people and training them well is just as important. Making everyone in the company understand the importance of cyber safety can make a big difference.
If businesses want to stay afloat in the digital sea, they need to have a strong cyber resilience plan in place. And when it comes to navigating these challenging waters, Diversified Outlook Group can serve as a lighthouse. This group can help guide companies to ensure they are ready to face cyber threats and can bounce back quickly if they occur. If you want to learn more about how to protect your business, reach out at support@diversifiedoutlookgroup.com.
For more details on what CISOs need to know about cyber resilience in the age of AI and evolving regulations, visit the complete article at www.csoonline.com/article/2108466/what-cisos-need-to-know-about-cyber-resilience-in-the-age-of-ai-and-evolving-regulations.html.
