New technology brings new opportunities for hackers—and increases the stakes of cyber insecurity. From self-driving cars to digital wallets and smart pacemakers, technologies facing cyber risk span various functions and industries. New vulnerabilities also can arise from business strategies that leverage technology advancements to drive innovation and competitive advantage.
Yet despite this awareness, many companies at risk of cyberattacks remain unprepared to deal with them. Forty-four percent of the 9,500 executives in 122 countries surveyed by the 2018 GSISS say they do not have an overall information security strategy.
To meet those challenges head on organizations should take a methodical approach to understand the risk exposure in their converged environment, what new risks impact their business, how they can work to mitigate those risks, and importantly what steps they can take to make ongoing risk management maintainable.