Barracuda Networks, Inc., the provider of cloud-first security solutions, published a new report for CIO : Leading Your Business Through Cyber Risk. This paper meets the pressing governance challenges of business in handling cyber risk and improving cyber resilience. It gives practical tools and includes a resilient path-building checklist template that utilizes insights from Barracuda’s IT and security leadership on the frontlines.
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Grounding its argument in the global Cybernomics 101 research study, this report looks at how emanating from security policies, management support, third-party access, and supply chains issues can prove to be an impediment to an enterprise being resilient and responsive enough to cyberattack. In the findings, many organizations reported struggling to enforce company-wide security measures, such as authentication and access controls. Which nearly half, or 49 percent, of small to mid-sized companies cited as one of their top governance issues. However, what is even more worrying is that over a third, at 35 percent, of smaller companies say senior management does not consider cyber-attacks a major risk. That compares to the top issues for larger companies, such as budget constraints, at 38 percent, and a lack of skilled professionals at 35 percent.
It also outlines worries about security and control over supply chains, including the extent to which third-parties can access sensitive data. Even more worrying is the fact that one in 10 companies has no incident response plan for successful breaches.
“For many businesses today, a security incident is almost inevitable,” said Barracuda Networks CIO Siroui Mushegian. “What counts is how you prepare, withstand, respond, and recover from such incidents. This is cyber resilience. Advanced, defense-in-depth security solutions can play a crucial role in this regard, but insight success also rests upon sound security governance — the policies, leadership, and programs by which risks are managed. When NIST revised its cybersecurity framework earlier this year, it did so in recognition of a new strategic focus on security governance.”
The report is bequeathed with actual templates that are to help organizations have a proper cyber risk framework, but more importantly, measure their progress toward being cyber resilient. The cyber resilience checklist, based on the latest version of the U.S. National Institute of Standards and Technology (NIST) Cybersecurity Framework, can be downloaded for free from the Barracuda website, printed, and put to use by organizations.
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