Digital Transformation and Cybersecurity: It is Everyone’s Concern

  • Third-party services such as cloud solutions, artificial intelligence (AI), process automation and Internet of Things (IOT) can form a prominent part of an organisation’s digital transformation plan. However, it is through these very third-party solutions that hackers can gain access to business secrets and other sensitive data. (CyberSaint Security) The potential threat to value chains and other parts of the business is inestimable.
  • Ransomware allows hackers to encrypt confidential or otherwise sensitive data or trade secrets and threaten to expose them on the public internet until a large sum is paid, usually in crypto currency. This kind of attack most often affects government, banking, manufacturing, healthcare, finance, education, technology, food and beverage, oil and gas as well as insurance. (Bankokpost) No sector is safe.
  • Misalignment between security teams and C-Suite executives. In order to achieve growth, teams must take some risks. This can create conflict between the business leaders and IT staff, where security teams are not brought on board with the digital transformation process early enough and where the funds required to provide adequate security are not made available.
  • Humans are the weakest part of any organisation’s security infrastructure, according to Robert Kress, Managing Director at Accenture. Malicious insiders, phishing and social engineering attacks continue to pose a real threat.

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