What is cyber resilience?
Business continuity, information systems security, and organizational resilience are all included under the idea of cyber resilience.
Cyber resilience framework
The harsh reality for leaders in cybersecurity is that they must protect a growing number of attack surfaces while dealing with persistently aggressive, constantly changing hostile actors. The data indicates that conventional security techniques and instruments are insufficient to ensure the safety of organizations. Organizations face 44 major cyber events annually on average, according to the EY 2023 Global Cybersecurity Leadership Insights Study, and ransomware expenses are expected to hit $265 billion by 2031. Only one in five chief information security officers (CISOs) said their firms’ current methods were successful against contemporary threats, indicating that the majority of CISOs already know what their organizations are doing is inadequate.
Cyber resilience plan
According to the EY 2023 Global Cybersecurity Leadership Insights Study, C-suite executives are battling a variety of known and unknown threats. However, it also provides comfort in knowing that diverse results are experienced by enterprises, some of which may be attributed to their cybersecurity approach. Businesses may improve their cybersecurity by taking a cue from the best and focusing on integration of cybersecurity concerns across the whole business, simplicity, and holistic thinking. Prone Enterprises has the ability to get all of these. Important takeaways from the survey are as follows:
- Simplify the cyber technology stack to make it more visible and lower risk. By clearing up the technological environment via automation and orchestration, you can identify signals more quickly and take action more skillfully.
- Reduce supply chain access points for hackers, increase cyber alertness, and continually evaluate performance by using automation and standardization without introducing needless bureaucracy. This guarantees early vendor selection involvement for security teams as well.
- Convert your tale into a narrative that speaks to the company in terms of value generation, business impact, and risk buydown.
- To make the workforce cyber-secure by design, combine automation and preventive technologies with well-planned, gradual training.
- Integrate cybersecurity into your company’s operations rather than seeing it as a hindrance. It creates value, gives people the self-assurance they need to innovate, and creates new income streams and market prospects.
Even the most experienced cybersecurity professionals face novel and unanticipated problems as a result of the ever-changing threat environment. In addition to moving beyond reactive technology adoption and disaster recovery, organizations must constantly improve their security procedures and embrace an approach that centers cyber resilience inside an end-to-end organizational strategy.
Cyber resilience is a holistic strategy to defending enterprises that includes business continuity, information systems security, and organizational resilience. It goes well beyond just anticipating and reacting to threats and assaults. Cyber resilient firms must integrate security into every element of their operations and iterate to improve their posture. Innovators are helping achieve cyber resilience, which is difficult.
Cyber resilience vs cyber security
The first issue that gives rise to the requirement for cyber resilience is the extreme complexity that security executives are now facing in their enterprise’s technology and security ecosystems. The use of many technological solutions by IT and security professionals to counter attacks has resulted in significant complexity in their tech stacks and security plans. According to EY study, the most often mentioned internal obstacle to an organization’s cybersecurity strategy is “too many attack surfaces.” Additionally, 75% of respondents identified cloud and Internet of Things (IoT) as the top technological concerns for the next five years. Emerging technologies and generative AI (GenAI) provide additional complexity and dangers to the enterprise.
Cost and cross-functional work provide the second challenge. In the past, the majority of companies have provided strong support for cybersecurity expenditures. However, if threats increase in strength and number, businesses could start to doubt their financial commitments. Security has to be a company-wide endeavor, not only the domain of the IT department and cybersecurity teams, in order to decide where to allocate their money for security and implement top-down initiatives.
More than ever, companies need to integrate security into their technology instead of depending only on security personnel to safeguard all facets of their operations. Improved communication across organizational layers is necessary to transform cybersecurity from a compartmentalized endeavor into a cross-functional operation, which is a feature of the most successful security programs.
Finally, leaders need a mentality change. Strong cybersecurity is no longer a game of cat and mouse with unique solutions to address unique assaults because the rules have changed. In the current threat environment, a firm must contend with skilled attackers and not rely just on disaster recovery or business continuity plans. The ultimate answer, cyber resilience, can only be achieved by a company-wide integration of security policies, procedures, and technologies, which calls on leadership to adopt a more comprehensive and intrinsic security strategy.
Resilience cyber insurance solutions
To assist provide enterprises an advantage over contemporary cyber threats, the EY organization and Dell technology have collaborated with industry experts to develop an intelligent cyber resilience platform driven by AI/ML technology. The two innovators combine Dell’s data security technologies and cyber resilience tactics with the comprehensive industry knowledge and vision of the EY team. Together, they bring a wealth of technology and experience to the table. With the help of this potent combination, businesses can transform a complicated environment into a multilayered defensive system that can endure both changing risk and severe digital upheaval.
The alliance excels at using these technologies with the appropriate setup and procedures. The correct operational approach and the latest technology advances work together to create true cyber resilience, and each firm has a distinct optimal approach. Teams from EY and Dell are excellent at providing cybersecurity solutions that work as well as a tried-and-true process for operationalizing them to increase resilience, flexibility, and overall security posture. In order to understand an organization’s data challenges and vulnerabilities and to customize a solution to meet their needs, the EY organization and Dell collaborate closely with leaders in the industry. This allows the organization to secure its critical data from cyber threats while maintaining accessibility for daily operations.
Strengthen Your Cybersecurity Hardiness with Dell and EY
The partnership between EY and Dell Technologies gives progressive companies the adaptability they need to use advanced cybersecurity to fend off attackers and withstand changing threats. When together, they support organizations by:
- Utilize an integrated, unified cyber resilience solution to handle the ever-increasing complexity of the technological and security environments.
- Using a cross-functional collaborative strategy, bring all aspects of your firm under the cyber resilience umbrella.
- Change the way you think about security in your firm and adopt a comprehensive strategy to cyber resilience that integrates procedures, policies, and resources across the whole enterprise.
