The cybersecurity industry is witnessing three fundamental shifts. Cybersecurity is no more about technology but a fine balance between people, processes and technology. Boards of directors will be more responsible for organizational risks and resilience. Cybersecurity will be leveraged as competitive advantage.
While the threat surface is a continuously growing phenomenon, implementing a comprehensive security model secures financial sector organizations prevent reputational, financial and legal complications that emerge due to the exponential rise in cyber incidents and data breaches.
On its digital transformation journey, Dubai Investments introduced cutting-edge technologies and disruptive business models, and implemented a unique "horses for courses" change management formula to make digital transformation projects successful.
Being the CISO of a pharma sector means you are accountable for the decisions made, ensure that you make the best use of the funds, resources and skills, and are capable of translating business requirements into cyber solutions, says Agnidipta Sarkar, group CISO at Biocon, as he takes up the new role.
CISOs are gaining additional discretionary powers to make risk-based decisions, especially as organizations implement the ISO 27035-3 incident response standard, says Khawaja Mohammad Ali, CISO of a large federal bank in Pakistan.
To battle against a surge in cybercrime during the COVID-19 pandemic, enterprises need to take several steps, including periodic vulnerability and risk assessment tests and regular audits, says Rajan Pant, founder of IT-SERT of Nepal. Pant also is calling on the government to take action.