The average cost of a data breach reached nearly $4 million in 2019, according to research by IBM Security. As a result, cyber resilience is increasingly critical for business continuity. It’s also needed to comply with General Data Protection Regulation (GDPR) in Europe or California Consumer Privacy Act (CCPA) in California.
Contrary to opinions, It doesn’t mean making a system invulnerable. It assumes that the system will be hacked at some point. Instead, it focuses on minimizing the damage caused by the hack and allowing users access to the data they need when they need it.
As with most IT services and professionals, such as ITSco, the goal of cyber resilience is even more expansive. Hence the need to understand what cyber resilience truly means. This post explores the elements and associated concepts of the term.
Cyber Resilience: An Overview
Cyber resilience is a business-centric approach to cybersecurity. It focuses on helping organizations develop the ability to protect, detect, and respond to cyberattacks. In short, it’s defined as the ability of an organization to prepare for, absorb, and recover from cyberattacks and threats that impact its systems.
Thus, It deploys critical components of disaster recovery (backup and restoration) and business continuity (identification of critical processes). It blends the two components with proactive elements like threat intelligence, vulnerability management, and risk management.
The result is an organization that can adapt quickly to a cyberattack or natural disaster. Such a company will utilize existing plans to keep critical operations running while simultaneously devising new strategies explicitly designed for a given scenario.
Components Of Cyber Resilience
There are four critical components to cyber resilience that protect your business from any situation:
- Planning and preparation
- Detection and response
- Recovery and learning
- Diversity and redundancy
Each of these components individually is important. Together they form an impenetrable fortress of protection for your company. These are the cornerstones of cyber resilience (and most methods of keeping your data secure).
Business Use Cases Of Cyber Resilience
Think about the business case for cyber resilience:
- It is a business imperative, not just a technical one. It’s about protecting your organization from attacks and incidents. It’s also an act to enable the entire business to thrive in the face of constant change.
- It isn’t just something that IT people think about—it’s part of every employee’s job within an organization.
- Cyber resilience isn’t just about protecting your organization; it’s also about helping your customers be secure.
- Cyber resilience is a new way of thinking about security. You need to take an approach that can help you adapt to whatever comes next, whether it’s a new threat or a new opportunity to grow and innovate.
Challenges With Cyber Resilience
There are many challenges to achieving cyber resilience. The biggest challenge is the complexity of today’s cyberattack landscape. Due to automated attack tools, criminals and hackers can run sophisticated attacks in massive numbers. This often leads to a never-ending series of attacks.
Another major challenge is the need for constant vigilance. Because automated attack tools can lead to an unending stream of attacks, you must always be aware of your vulnerability status. You’ll need this to ensure you’re prepared for any incoming threats.
In addition, because automated attack tools use sophisticated techniques to learn new penetrating ways, your anti-attack measures must constantly evolve. Therefore, you’ll be required to stay flexible and dynamic, which could be time-consuming.
Finally, there’s a need for a robust cyber resilience plan to protect you and your users from cyberattacks. Such a plan is usually costly because it needs to cover all possible contingencies.
Best Practices Of Cyber Resilience
Cyber resilience helps organizations anticipate or quickly respond to and recover from attacks launched by hackers. But for any resilience to be effective, it has to follow some practices. The cyber strategists have to:
- Build an incident-response plan.
- Train all employees in cyber resilience, and make them aware of the company’s security policy.
- If a company has many workers, consider appointing a chief information security officer (CISO).
- Ensure all systems are secure and conduct regular vulnerability scans and penetration tests to analyze potential threats. In addition to these tests, companies should perform simulations of various cyber-attack scenarios.
- Conduct audits to ensure the software is patched regularly and antivirus software is updated frequently.
The ability to withstand and recover from cyberattacks is critical to the success of any organization. Cyber resilience allows organizations to continue functioning during an attack, minimizing damage and recovering as quickly as possible. As attacks continue to grow, it’s more important than ever for organizations to keep their security posture strong by identifying and fixing vulnerabilities.