CYBER SECURITY INDUSTRY – Protecting the Information Age
What is Cyber Security?
Cybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access
Why is it Important?
Cyber security is important because government, military, corporate, financial, and medical organizations collect, process, and store unprecedented amounts of data on computers and other devices. A significant portion of that data can be sensitive information, whether that be intellectual property, financial data, personal information, or other types of data for which unauthorized access or exposure could have negative consequences. Organizations transmit sensitive data across networks and to other devices in the course of doing businesses, and cyber security describes the discipline dedicated to protecting that information and the systems used to process or store it. As the volume and sophistication of cyber-attacks grow, companies and organizations, especially those that are tasked with safeguarding information relating to national security, health, or financial records, need to take steps to protect their sensitive business and personnel information.
What are the basic elements of Cyber Security?
Elements of cybersecurity include:
Challenges of Cyber Security:
The most difficult challenge in cyber security is the ever-evolving nature of security risks themselves. Traditionally, organizations and the government have focused most of their cyber security resources on perimeter security to protect only their most crucial system components and defend against known treats. Today, this approach is insufficient, as the threats advance and change more quickly than organizations can keep up with. As a result, advisory organizations promote more proactive and adaptive approaches to cyber security. Similarly, the National Institute of Standards and Technology (NIST) issued guidelines in its risk assessment framework that recommend a shift toward continuous monitoring and real-time assessments, a data-focused approach to security as opposed to the traditional perimeter-based model.
While Singapore, Malaysia and United States top the list, India is ranked 23rd and listed in the “maturing Category “out of 165 nations in the second Global Cybersecurity Index (GCI) that measures the commitment of nations across the world to cyber security. The Index has been released by the UN telecommunications agency International Telecommunication Union (ITU).
With reference to the current trends in Cyber Security Raj Samani, CTO EMEA Intel Security said: “To overcome the designs of cyber-criminals, we need to go beyond understanding the threat landscape to changing the defender-attacker dynamic. This means focusing on six key areas: We need to make it harder for hackers to obtain information and more expensive for them to launch an attack. Meanwhile on the corporate side we must improve visibility, better identify exploitation of legitimacy, improve protection for decentralised data, and detect and protect in agentless environments.”
With the attackers getting smarter, there is certainly a need for strengthening the cybersecurity laws, Policy and Practice. We need to continuously innovate and make progress against this seemingly intractable problem.