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Cybersecurity is as complicated as it is necessary. The number of risks threatening computer networks and IT infrastructures are accumulating, leaving many organizations grappling for ways to combat them. The problem is that, while most understand the importance of safeguarding systems and processes against cyberthreats, not too many are confident in the best way to go about it.
As we recently discussed, even the top U.S. colleges and universities are failing to prepare computer science students with the training and education needed to excel in cybersecurity careers. But it’s not just institutions of higher education that are struggling with cybersecurity; apparently many businesses are as well.
The Institute of Directors in Ireland recently published a report that examined the state and role of cybersecurity in the boardroom today. The findings revealed that, although the majority, or 93 percent, of company directors agree it is an important c-level issue, 40 percent of businesses don’t have a formal strategy in place for it, nor do 68 percent of smaller organizations.
“Managing cyberrisk is a concern for the entire organization and should be led from the top. With an increasing number of issues coming under the board’s remit, directors need to keep up-to-date in their understanding of the risks facing their organization including readiness to deal with a cyberbreach,” Institute of Directors in Ireland Chief Executive Maura Quinn stated in the press release.
Cybersecurity confuses CEOs
One possible explanation for the obvious discrepancy between corporate leaders understanding the importance of IT security and their lack of sufficient action is that not enough are well-versed in the field. This week, Forbes Contributor Steve Morgan reported that the rate of cyber-related crime is increasing and that the Verizon 2016 Data Breach Investigations Report made it clear that virtually no one is safe from the threat of cyberattacks. According to Morgan, who recently attended the Cyber Investing Summit that also underlined the problematic trend of cybersecurity confusion among corporate executives, explained that this report is meant to inform CEOs on the issue of cybersecurity. However, lack of familiar topic material and highly technical terminology actually just ends up leaving many confused.
How can businesses ensure they are taking the necessary protection measures against hackers if they aren’t able to fully understand the issue itself?
“To successfully implement cybersecurity, you must first be able to understand it.”
Fortunately, there are ways to enforce change and progress in the field. But it will require company leaders to adjust their thinking and approach to IT security. Morgan reported that one of the speakers at the Cyber Investing Summit explained that to minimize the vulnerability of its organization, C-suite members must prioritize cybersecurity education and carve out the necessary resources and time required to adequately implement and execute training programs for the business.
Dedicating spend to cybersecurity is not longer an option; it’s a necessity. Cyberthreats are only going to continue to grow in their intensity and companies that are slow to adopt the best-in-class solutions to mitigate the risks will ultimately be the ones left behind. It wasn’t too long ago when data breaches, security hacks and other digital disruptions were areas that only concerned or affected the IT department. However, with the Internet of Things rapidly becoming integrated across nearly all markets and sectors, it is everyone’s concern.
Teaching security skills
To enhance cybersecurity efforts, it’s imperative that training and education takes place at all levels of the organization – starting at the top with chief executives and directors. By gaining a more digestible, comprehensive and thorough understanding of what the biggest risks are, what aspects of the company they threaten most and how to best combat against them, corporate leaders can significantly reduce the chances of a disruption occurring. As a result, this will better prepare and safeguard the entire company for future success.
At The National Cybersecurity Institute, we provide all the training and preparation business professionals need to understand and implement better IT protection programs into their corporation. For example, the C-Suite and Board Level Cybersecurity Course is a three-hour class that teaches executives about organizational vulnerabilities and how to correct them. It also provides guidance and instruction on how to implement a plan for a cybersecurity risk and resilience strategy.
If you know there is room for improvement in your company to enhance IT security, don’t waste any more time. Sign up today!