Has anyone told you about the “great cybersecurity RESET?”
An entirely new wave of activity and a new global trend in cybersecurity planning is being referred to as “reset.” Hundreds of billions of dollars have been spent by companies around the world in an all-out battle against the nefarious extortion, ransom, and fraud attempts of cybercriminals. Since the advent of the cloud, 5G, artificial intelligence, the Internet of Things (IoT), mobile computing, and the edge computing revolution, the cybersecurity industry has undergone radical transformations. With the realisation that cyber resilience is a public good, systemic cybersecurity challenges have risen to the top of domestic and international political agendas.
The emergence of Covid-19, the proliferation of start-up companies, and the emergence of new business models shaped by ubiquitous access have all contributed to the seeding of the great reset. Additionally, cybercriminals have banded together on the dark web in order to profit from the sale of pre-made hacking kits, which has made things even more difficult. Criminals are now employing increasingly advanced technology, such as artificial intelligence, to carry out their crimes. The more sophisticated and expensive the tools needed to thwart and mitigate their efforts, the more difficult it becomes to keep up.
Small and medium-sized businesses are increasingly concerned about the rising cost of cyber defence, which is eroding profitability and margins. The speed with which criminals can now carry out their operations is perhaps even more alarming. They prey on businesses that are unprepared, unprepared, and unprepared. Ransomware attacks have increased by three-digit percentages, establishing themselves as a global plague. If this project were not making a difference, it would not be possible for it to continue.
Most companies have invested in a wide range of cyber defense tools that include anti-virus, endpoint detection, identity access management, virtual private networks, password vaults, network segmentation, data encryption, and two-factor authentication. As management teams and boards try to strike a balance between risk mitigation’s necessity and expense and opportunity cost, spending fatigue sets in.
They fit into a system that has served us well over the years.” This outdated and vulnerable architecture, on the other hand, has exhausted its usefulness. Technology and business leaders are expected to push for newer, more effective, and sustainable solutions in the next 18 months. They are looking for a cybersecurity architecture that has the following characteristics:
- Adaptability means a longer shelf life and a higher return on investment due to adaptability.
- Designed with the goal of maximising previously made but difficult to integrate investments,
- cost-effective effort longer and able to offer a wide range of options for businesses.
- integrated across a wide range of options, technologies, and business relationships.
So far, we’ve learned so much, and technology leaders want a plan that incorporates it all. It’s as if the entire world is taking a breather and looking at this time as an opportunity to RESET. Make a radical shift in the way you think about everything, from the scope of the project to the cost of maintaining it. There is a worldwide cyber-reset going on now. Leaders in technology and business are asking: What can we do to ensure our company’s long-term viability in the wake of the pandemic? How can we ensure the sustainability of our innovations and foster a conducive environment for their development?
There is no doubt in my mind that, in the next 18 months, a great cybersecurity reset will be the norm as companies look to reposition their cyber approach and defence. A new hashtag (#C-RESET) and communities forming around this important topic may be on the horizon. Zero trust architecture (ZTA) powered by the cloud is gaining momentum, even though it is still in its infancy. Using APIs, various technologies, solutions, and companies can be integrated into a ZTA model. Adaptive and responsive coverage and protection are provided by this ecosystem.
Due to a new reset, business leaders must work with technologists and the cyber team, who must coordinate the work of network engineers, telecom specialists, IT risk managers, IT infrastructure teams, application development teams, financial and operational departments in ways that have never been done before. Bus/Dev/Sec/Fin/Ops terms are referred to in an ironic manner. It is, however, a new reality for many companies, a level of coordination and cooperation previously unheard of.
There is a tremendous opportunity for vendors, suppliers, and solution partners as a result of the tremendous amount of industry change. Many options and choices mean that technology leaders will need to plan and select key partners carefully. Those who refuse to take advantage of this opportunity will pay the price. New terms and acronyms are causing confusion in the industry, and different partners are vying for the spotlight. Decisions will be made soon.
Many of us face a crucial, exciting, and challenging period ahead, but the great reset has already begun for many of us. As our industry adjusts to this new normal, keep an eye on this space for the emergence of the great reset.